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Of all of the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. If you’re planning to sell your home and want to understand where to invest your time, energy, and money in remodeling projects that will increase value, you need to take a hard look at your flooring. Laminate flooring is an excellent choice if you are looking for a floor that looks rich and stylish, but is easier to install, and more affordable than hardwood or stone.
But, really, sanding and refinishing hardwood can take place any time of year. Adding hardwood floors to a house won't make or break the value, though. There's not a ton of data on the correlation between home value and hardwood floors, but the data that is available says the increase in home value can be up to 2.5%, according to realtor.com. If you can’t afford to pay anyone to refinish the floors, at least rip up the carpets so that buyers can see there is wood underneath. (You can even do this yourself for free…and you’ve already reduced the costs that the buyer needs to invest later. And, in many higher end areas, dark hardwood floors are more stylish and popular.
Confused about paint colors?
Potential buyers will be looking for a home that is inviting and well-maintained, and often one of the first things they will assess is the flooring. Russell said she’s noticed that a lot of buyers tend to want “tile in the bathrooms; hardwoods in the main” part of the house—but that doesn’t mean you’re limited to the shade of brown. The flooring’s foundation also will influence your budget and flooring choice. For instance, if you rip out carpeting to find concrete or tile underneath, your new flooring needs to be a click-together floating option or flooring that can be glued down—nothing that requires nails. Carpets and vibrant rugs remain popular, and eco-friendly and organic materials and innovative designs mean that homeowners have more flooring choices than ever. If you love the look of hardwood but need to upgrade your flooring on a budget, you’ve got various options at your disposal.
Vinyl flooring needs replacing every years depending on the care and quality of the flooring. Continuing our example above, it would cost on average about $98,000 over 100 years for vinyl. Refinishing hardwood floors can restore their original beauty, but how much resale value does it add to a home? According to the report, homeowners will get back dollar for dollar what they put in to refinish hardwood floors.
Hardwood flooring: reinstallation versus refinishing
A proven agent will know how to determine the current condition of your floors, whether they need attention, and which remediation options will give you the best return on your investment. We researched the top flooring reports and spoke to expert real estate agents to create this guide to help you make the most informed decisions about flooring. Here’s exactly what to make of your home’s floors, and what flooring investments are worth the effort. “Besides the basics like your roof and mechanical things, flooring is the next most important factor that influences how buyers feel about your home.
Hardwood floors are also very durable and easy to maintain, which is another plus in the eyes of potential buyers. Overall, hardwood floors can definitely help to increase the value of your home. Many homeowners are interested in increasing the value of their homes, and there are a number of different ways to do this. Hardwood floors offer a number of advantages in terms of durability, aesthetics, and practicality. According to HomeAdvisor, the typical price range to refinish hardwood floors is between $1,074 and $2,485, with the national average at $1,757.
How Much for Hardwood Floors vs Laminate Cost?
Although installing the floors is expensive, you’ll eventually make your money back without needing to replace the floor every 5 to 10 years. In terms of aesthetic, vinyl plank flooring can provide a more natural look than laminate flooring. Laminate flooring tends to have a more plastic look and feel, while vinyl plank flooring can provide a more wood-like appearance. Vinyl plank flooring is generally less expensive to install than laminate flooring. Additionally, hardwood can be refinished multiple times, so that it is always looking at its best.
When this happens, the usual option for most owners is to reinstall the flooring. Hardwood floors cost anywhere from $3 per square foot to $14 per square foot. The national average cost of hardwood flooring is $6 to $12 per square foot. In a 2000 square foot home, the homeowner is looking at a mid-range cost of $18,000.
Properly insulated walls make heating and cooling a home more efficient and cut down on energy costs. Plus, an insulation upgrade is an interior renovation project that can add significant value to a home. Realtors estimate homeowners can get 83 percent of their money back at resale.
As a starting point, you would want to have hardwood flooring in the main living areas (i.e. living room, dining room, family room). Finally Rustic Ash is a more cost effective option sitting at around three dollars per square foot with more of a rough appearance. For all options, you can choose whether to purchase flooring that is pre-finished or finish it yourself. Adequate storage and spacious closets are important to homebuyers. However, the report shows that this popular extra may not increase a home’s resale value by as much as the rest of these interior renovations. Homeowners can expect to get back about 40 percent of what they spend on closet upgrades.
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.
For all of these reasons, it is not surprising that hardwood floors are often seen as a valuable addition to any home. While there is no guarantee that installing hardwood floors will lead to a much higher sale price, it is certainly worth considering if you are looking for ways to add value to your home. Vinyl or laminate flooring can still give that luxurious feel buyers are looking for at half or less the initial price of hardwood. In fact, depending on the pre-floor value of the home, you could see more than a 90% ROI on the flooring you spend less than $1.30 on. Don't spend the money on hardwood floors if the value of the house doesn't demand it and you won't be living in it for a while. Vinyl flooring, including luxury vinyl planks costs about $7 per square foot for the mid-range planks, with an installation.
It ranges in cost from $3-$14 per square foot, with installation ranging from $3-10 per square foot. Some engineered hardwoods can even be sanded once or twice and refinished, so it may be a good choice for a quick turnaround ROI. If you’re staying in the home for a long time though, solid hardwood is a better choice. You don't want your house's perceived value to drop when the only distinguishing factor between your house and the one for sale down the street is hardwood floors.
This is especially important in rooms that are susceptible to condensation, such as kitchens and bathrooms. Any mistakes can be difficult or impossible to fix later on, will look messy, and decrease the value of the floors. Dustless sanders provide the same results as traditional sanding equipment. It isn’t completely dust-free, but it leaves very little dust in your home.
It sets the tone and mood for the entire home,” explains Joseph Singsheim, a top real estate agent in Milwaukee, Wisconsin, who sells homes 43% quicker than the average agent in his area. In addition, a well-maintained home always commands a higher price than one that is in need of renovation, so by refinishing your floors you are ensuring that your home will maintain its value over time. If the flooring is outdated, scratched, chipped, stained or warped, potential buyers will be deterred before they even enter the house. Poor condition flooring can drastically limit the marketability of a home, not to mention the potential price buyers will be willing to pay. Hardwood floors are classic and elegant, but they can be expensive and require more maintenance than other options. Laminate floors are a more affordable option that can resemble hardwood, but they are not as durable.
Hardwood is a great choice, but luxury vinyl can look just as good at a lower price. It is also easy to install, as it can be laid in just about any room. Lastly, it is easy to maintain, as it can just be swept and damp mopped, making it a great choice for busy households. It is also very easy to clean, and can be sealed for added protection from water and other liquids.
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