As a flooring expert, I have seen firsthand the impact that different types of flooring can have on the value of a home. And when it comes to increasing home value, there is one type of flooring that stands out above the rest: hardwood. Not only is hardwood always in demand, but it also offers durability and a timeless quality that impresses potential buyers and creates a warm and inviting atmosphere for current residents. With options such as maple, oak, walnut, and pine, hardwood floors allow for maximum customization to suit any home's style and aesthetic. According to real estate experts, hardwood floors can increase the selling price of a home by up to 2.5 percent.
It's no wonder that they are widely considered one of the best flooring options for home remodeling. But do hardwood floors really increase resale value? The answer is a resounding yes. In fact, according to the National Association of Realtors, new hardwood floors can help homeowners recover about 106% of their repaving costs when they sell their home. There are two main types of hardwood floors: solid wood and engineered wood. Solid wood is constructed from a single piece of wood, typically walnut, maple, or oak, in the desired thickness and width.
The result is a beautiful and durable floor that is unique in its own right. No two wooden planks are exactly alike, but together they create a stunning interior for any home. Solid wood is the most charming and classic option, offering a timeless style that can be refinished over and over again. If solid wood isn't your preference, engineered wood is another great option. Like solid wood, engineered hardwood adds a beautiful, classic look to any home.
And with a comparable ROI to solid wood, the choice between the two ultimately comes down to personal preference. Engineered wood is constructed with layers of wood veneer, making it thinner and more durable than solid wood. Its cross-layer construction also makes it more resistant to moisture, while still maintaining the same appearance as solid wood. For homeowners who are not fans of hardwood floors, there are still plenty of options available to increase the value of their home. One popular alternative is laminate flooring.
Made up of multiple layers of melamine resin and fiberboard, laminate floors feature a printed image of wood that mimics the look of real wood. With advancements in flooring technology, laminate floors now come in a variety of styles and textures that are almost indistinguishable from real wood. They are also low maintenance and highly durable, making them a popular choice for pet-friendly homes. Another affordable and durable option for homeowners is luxury tile and vinyl flooring. These types of flooring offer the same benefits as laminate floors but with different styles and designs to choose from.
However, there are some key differences between the two that should be considered before making a decision for your home. At Floors2Day, we offer the best quality flooring products along with excellent customer service and quick and easy installation. As Texas real estate agent Ryan Cave advises, it's important to avoid having two different types of flooring come together in a highly visible area. While this article focuses on interior flooring options, it's also important to consider the return on investment for outdoor flooring options. When it comes to increasing home value, hardwood floors are a top choice due to their durability and luxurious appearance. With options such as maple, oak, walnut, and pine, there is sure to be a hardwood floor that will enhance the value of any home.
And for maximum resale potential, consider using the same type of flooring throughout the entire house for a cohesive and attractive look. After all, the first impression of a home is often made by its floors, and a renovated floor can make all the difference when it comes to selling a home. Whether you choose solid wood or engineered wood floors, the return on investment is relatively similar. However, hardwood floors have a certain "wow" factor that can potentially return more than twice their cost when it comes time to sell. According to the National Association of Realtors, refinishing a hardwood floor accounts for 147% of its cost, while a new hardwood floor pays back 118% of its cost.
