Hardwood Floors: A Great Way to Add Value to Your Home
There's a good chance if you've looked at solid or engineered hardwood options if you're considering a flooring upgrade for your house. Hardwood is not only clean, stylish, and elegant, but it can also add a significant amount of value to your property.
While hardwood floors would definitely appeal to potential purchasers, the question of how much these magnificent floors will raise property value remains unanswered. After all, hardwood is often more expensive than other flooring materials on the market, so homeowners will want to be sure they are getting a good return on their investment.
Are Hardwood Floors Worth It?
Hardwood flooring costs about $4-6 per square foot on average, plus $4-8 per square foot for installation. It can take a couple of days or even a week to complete installation, depending on how many square feet of your floor you want to cover.
Despite this, several homeowners will have them placed every year because they look fantastic.
Hardwood floors can also improve the value of a home by 3-5 percent, according to CNN. As a result, they're a highly appealing possibility for anyone trying to sell their home soon.
Hardwood floors, on the other hand, may be a wise investment even if you don't plan on relocating very soon. Interestingly, the National Association of Realtors (NAR) found that after installing hardwood floors, "80% of homeowners have a huge desire to be in-home since completing the project, 68 % have an increased sense of enjoyment when they are at home, and 79 % have a major sense of achievement when they think about it," according to their 2017 Remodeling Impact Report.
Key Factors to Think About Hardwood Floors and Home Value
Warm Up the Hardwood
In the morning or during cold weather, hard flooring options have a propensity to be cold. As a result, many may prefer carpeted homes to homes with hardwood floors, but there is a solution that allows for the choosing of a hard flooring alternative. Consider adding radiant floor heating in conjunction with your hardwood floors for a warmer look. This ingenious device functions as a stove beneath your hardwood surface, ensuring that your floors are always at a reasonable temperature. Furthermore, the equal dispersal of heat radiating from the floor can assist in minimizing HVAC expenses by eliminating cold pockets that central heat would otherwise have to work hard to eliminate, which can be another value-adding feature that purchasers find appealing.
Look to Customized Fixtures for the Assist
Customizing your home's fixtures, such as handrails, can complement newly installed hardwood floors. These ingenious fixtures are available in a variety of styles to perfectly match the look of your hardwood. Bronze-coated handrails, for example, are a stylish alternative that will not only complement your hardwood floors but will enhance the safety of the home as well.
Make Sure Kitchen Upgrades Match the Hardwood
Because sturdy, non-staining surfaces are preferred in a cooking location, the kitchen is one of the first places where hardwood will likely be explored.
If the project is balanced, the return on investment for kitchen improvements can be considerably increased. As a result, purchasers may prefer a home with sophisticated hardwood floors, modern appliances, and fresh cabinets. As a result, while adding hardwood to the kitchen, consider upgrading other aspects as well, with the following suggestions serving as excellent starting points:
- Replace old surfaces with acrylic counters that are both durable and nonporous.
- Switch out closed cabinets for open shelving.
- Instead of a full-spanning wall, use a bar as a partition to open up the space.
Hardwood floors are one of the greatest flooring options for homeowners trying to boost their home's market value, with a 75 percent return on investment being common. However, because there are so many various types of hardwood flooring near me to pick from, you'll want to make sure your hardwood floors meet or exceed this standard by combining its installation with a cutting-edge floor heating system, custom fixtures, and kitchen renovations.