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Can hardwood flooring increase the value of a home?

By Copper State Flooring AuthorPublished On: September 5th, 2023

Is it true that hardwood flooring can increase the value of a home?

Hardwood flooring is generally known to increase the value of a home. Hardwood flooring is desirable for many homebuyers and can positively impact a home’s resale value.

Here are some reasons why hardwood flooring is regarded as an investment:

Aesthetic Appeal: Hardwood flooring adds a timeless and elegant look to a home. Its natural beauty and warmth are attractive to potential buyers and can enhance the overall aesthetics of a space. It is also a preferred choice by most interior designers.
Durability and Longevity: Hardwood floors are known for their durability and longevity. When well-maintained, they can last for decades. Hardwood flooring can be made new again through sanding and refinishing, extending the floors’ life, which can be a selling point for potential buyers.
Wide Appeal: Hardwood flooring has broad appeal and can suit various design styles and preferences. It’s versatile enough to complement both traditional and modern interiors.
Higher Perceived Value: Many home buyers consider hardwood flooring a premium option. This perception can lead to a higher perceived value of the home itself.
Ease of Maintenance: Hardwood floors are relatively easy to clean and maintain. Ease of maintenance can be appealing to buyers who value low-maintenance features.
Allergy-Friendly: Hardwood flooring doesn’t trap dust, pet dander, or allergens like carpet does. For buyers with allergies or respiratory sensitivities, hardwood can be a preferred choice.
Generational: Unlike some flooring trends that come and go, hardwood flooring is a classic choice that has stood the test of time. The timeless beauty of hardwood floors can be generational, stretching over generations, which is a good selling point for buyers looking for a lasting investment.
Home Appraisal: Appraisers often take the presence of hardwood flooring into account when evaluating a home’s value. Having hardwood flooring can lead to a higher appraised value.
Renewable: Unlike other flooring options, hardwood floors can be refinished, making them renewable and generational. Having the opportunity to renew a floor finish makes the floors more valuable because you don’t have to replace your floors to change the color or match the new interior design.

The specific impact hardwood flooring will have on the resale value will vary depending on aspects like the type of hardwood, the local real estate market, the overall condition of the home, and the priorities and preferences of potential buyers.

The bottom line is hardwood flooring is both beautiful, durable, lasting, and a sound investment for your home. If you should have any further questions about hardwood flooring or what floor may be best for your home and lifestyle, please contact one of our flooring experts.

Written by Copper State Flooring in response to a customer’s question.