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Because hardwood flooring is a capital improvement project, when you eventually sell your house, you MAY be able to reduce your capital gains tax. This is more likely to happen if you own your house for a long period of time so that you’ve acquired a larger gain. (Please note that I’m not a CPA and you should consult a tax consultant for your particular situation).
Investing in vinyl flooring can be a great way to add appeal and increase your home’s value without breaking the bank. Vinyl flooring is not only extremely durable, it’s also easy to maintain, water-resistant, and available in a variety of colors, styles and textures. It can also replicate the look of wood with unique grain patterns and veining. Carpet, vinyl, laminate and tile are all good options to consider when looking to install lasting floors –and thanks to updates in floor technology, some are even waterproof! Many homeowners are interested in making changes that will increase the value of their homes. Hardwood floors increase the value of homes by an average of 2-3%.
Do hardwood floors increase a home’s value? Does hardwood have a strong ROI (Return on Investment?)
For hardwood flooring, look at products from the Aquadura H20 line which features a sealed hardwood veneer that protects against water, kids and pet messes. With a large hardwood selection from walnut to oak, Aquadura H20 is a Five-Star brand that offers hardwood floors in rich hues to complement a variety of décor schemes throughout the home. Try this flooring in your kitchen, bathroom or family room without having to worry about major spills. Hardwood floors add luxury to any home, but it may not be necessary to cover every square foot in Oak, Walnut, or Maple in order to capture the attention of a buyer. Focus on major areas such as living rooms and kitchens that will receive the most foot traffic and attention.
Floorcraft features the deep-grained looks of natural woods with an incredible 50-year warranty that covers fade, stains and is water resistant. Do different types of flooring meet in ways that are displeasing to the eyes? If you’re drawn to intersections of wood, tile, and carpet then it is time to make a change. Hardwood floors can bring together multiple spaces to make the area consistent and appealing. If you are looking to make changes while cutting down on cost, keep carpet in bedrooms and low traffic areas. Hardwood floors last for generations, because depending on the thickness of your floors, they can be refinished numerous times.
OUR FLOORING BRANDS
Vinyl is also economical and can be installed quite easily over most existing flooring materials. No matter which type of flooring is chosen, it is important to select a quality product that is suitable for the area it will be used in. With regular wear and tear, the plastic layer slowly starts to degrade which can result in permanent damage to the flooring.
Aside from its genuineness, hardwood floors are visually warmer and radiate an aura of warmth and friendliness within your home. From traditional to contemporary, wood flooring offers style and versatility, allowing you to decorate and redecorate without having to perform costly renovations. You may ask yourself “what is the best flooring to increase home value?
Are Hardwood Floors Worth It?
Hardwood flooring on the other hand is visibly better quality and adds warmth to your home, making it in some cases a feature within itself. Laminate can be noisy to walk on as well which may give your home a less luxurious feeling. Natural Maple is another popular choice that is harder compared to Red Oak Select and has slightly more color variation between the pieces. The cost starts at four dollars per square foot and goes up from there as multiple widths are available.
Since there are so many stain and finish options, you can accent things like cabinetry or natural light to elevate the room. Also, keep in mind that hardwood floors will only contribute to the value of your home if they’re well-maintained. So, if you already have hardwood floors, don’t expect them to boost your asking price if they’re in poor condition. In fact, that might actually do more harm than good, as potential buyers will need to factor in the cost of replacing them.
Hardwood floors not only add value to a property, but they also have a high return on investment. The housing market in Colorado Springs is always changing hands, from a seller’s market one moment, to a buyer’s market the next. However, if you are selling your home, there are many things that you can do to keep buyers intrigued and invested in your home.
Refinishing your floors can completely change the look of your entire space, whether you’re bringing the floor back to its natural color or customizing it to a specific achieved look. 54% of home buyers are willing to pay more for hardwood floors when buying a house—about $2,080 extra, according to data from the National Association of Realtors. Hardwood floors are not only classic and timeless, but they can also increase the value of your home.
My designer discount at the paint stores usually more than offsets the cost for the hour consultation. After the main areas, the next area to consider is the hallway and Master bedroom. Hallway carpet gets worn down the fastest, so it’s not very practical. And, if you have hardwood in the halls, then it gives you flexibility to have carpet in the bedrooms, even if they are different colors. Well this depends on your neighborhood and how your house compares to others in the area.
Vinyl flooring is available in a variety of styles and colors, making it an attractive choice for many home buyers. With this in mind, the most important floors to replace are those that are damaged and show wear and tear. It could be the stained and frayed carpet in your living room, or the warped and outdated vinyl in your bathroom.
If your floor is still in good shape, but you want to give it a quick, low-cost touch-up to bring back the shine, sandless refinishing is a practical choice. Moving the furniture from room to room is difficult and time-consuming. Instead, removing the furniture from the house requires only two moves, instead of constant shifting throughout the refinishing process.
Work with an expert real estate professional to make the right decisions on flooring choice, whether it's new hardwood or a different material. Most home buyers would prefer hardwood for their room (i.e. their sanctuary), but they are split on carpet vs hardwood in their kids’ rooms. (And, the kids’ rooms are less of a concern in the buying process).
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