Guess what home buyers consistently rank as a top feature in a home? Hardwood floors.
A survey conducted by the National Association of Home Builders revealed that hardwood floors are the most popular type of flooring among home buyers, with 87% saying that hardwood floors look most attractive in the main living areas of the house.
Because of the preference for hardwood floors, installing them can increase the resale value of your home. According to the National Association of REALTORS 2022 Remodeling Impact Report, 90% of homeowners who have upgraded to hardwood floors expressed a greater desire to be home. The same study revealed that the highest percentage of cost recovered was from refinishing hardwood floors at 147% and new wood flooring at 118% - proving that hardwood floors are a worthwhile investment because they not only increase the homeowner’s enjoyment, but cost recovery is high.
Here's a deeper look into why hardwood floors are so desirable and how they add value to your home:
Aesthetics
Hardwood floors are elegant and classic, and they can improve the home's aesthetic – elevating its look and giving it character. They come in a broad variety of styles and materials, so it's easy to find something that works with your existing furnishings, decor, and design.
Durability
With the right care, hardwood floors can last a lifetime because they’re so durable. Hardwood flooring is popular amongst families with children and pets because they are sturdy and can tolerate a lot of use. Many potential home buyers value the fact that they are simple to clean and maintain.
Longevity
Hardwood flooring can endure for decades if cared for properly, whereas other forms of flooring, such as carpet, may need to be replaced every ten years or so. Those wishing to make a long-term investment will find its durability and resulting longevity to be a strong selling factor.
Versatility
Hardwood floors can be polished or stained to give them a variety of new looks. You may give your flooring a new look without having to remove and replace them. Even if you have hardwood floors, you may lose the sale if your floors aren’t looking their best.
Replacing your floors may not be the best strategy, depending on a number of factors. To determine whether you should replace your floors before putting your home up for sale, consider the condition of your current floors. If they are in good shape and will appeal to a wide variety of customers, you probably don't need to replace them.
If your flooring is worn, outdated, or otherwise unsightly, you might want to consider upgrading them because ugly floors may drive the value of your home down. This is because a potential homeowner may look at the state of the floors and worry about the costs they will incur to replace them.
Hardwood floors can really make an impact when it comes to resale. In fact we have seen several listings that not only highlight the hardwood floors but go as far as to say hardwood floors by Ralph's!
