Do hardwood floors add value to a home?

All homes are unique, but what can make the interior of one stand out is its floors. They don't get a lot of press, but flooring does indeed make a huge difference in terms of appearance and style. They're in every single room, and as such, can be used to boost the value of your residence if you don't correctly. Of course, regardless of the type of home you have, you can always depend on a hardwood installation to beautify your space – but can it genuinely increase house value?

The actual value of wood flooring

Depending on the species you choose, floor prices can fluctuate. This is because, simply put, not all wood is the same in terms of value. Pine, for example, with its typically less expensive price tag, won’t add as much value as exotic woods, like tigerwood or Brazilian walnut. The state of your planks, as well, is another factor to consider. You see, your solid hardwood flooring will only increase the overall value of your home if it is in excellent condition. As such, you cannot expect to increase your asking price for a sale if your slats are in poor shape. On the other hand, if they look worn out, that may be enough to change a potential buyer's mind since this can signal the need for a replacement – which will cost them extra.

The ROI of new floors

The Return on Investment, also known as ROI, is an essential consideration for homeowners deciding on home upgrades for an upcoming sale. A new hardwood installation will quickly increase the value of your home and enable you to up your asking price. Depending on what wood you select, this can mean an increase of as much as 5%. Even if you decide on an installation with less expensive wood, you can still expect to see a return on investment. All that to say do keep these considerations in mind before purchasing renovation materials.

James Flooring

Are you looking for the latest hardwood flooring styles? Visit our experts at James Flooring at our Saint Augustine & Palm Coast/Bunnell, FL showrooms. Our hardwood flooring company serves the Jacksonville, Flagler Beach, Ponte Vedra Beach, and Ormond Beach areas, providing quality materials and professional advice for all types of home renovations.