If you are preparing to list your property on the market, it is highly advisable to contemplate the installation of wooden flooring or the refinishing of your existing ones. While hardwood floors undoubtedly possess aesthetic appeal, it is noteworthy that they can also positively impact your financial return. Below are three strategies through which hardwood flooring enhances the value of your home.
Buyers Prefer Homes with Wooden Flooring
If you intend to sell your property in the future, it is prudent to consider hardwood flooring. Prospective home buyers evaluate various factors during their search, with the type of flooring being a significant consideration. Indeed, a survey conducted by USA Today revealed that approximately 25 percent of buyers under the age of 54 have a preference for homes featuring hardwood floors. Therefore, if you aim for your property to capture attention during showings by realtors to potential buyers, the installation of hardwood flooring is highly recommended.
They Are Willing to Pay More For It
Another method by which wooden flooring enhance the value of your property is through their ability to elevate its resale price. Given that a substantial number of prospective buyers across various age demographics demonstrate a preference for hardwood flooring, they are inclined to offer a higher price for homes that already showcase this feature. While quantifying the exact premium can be challenging, the aforementioned USA Today survey indicated that, on average, home buyers are prepared to pay an additional $2,080 for properties equipped with hardwood floors.
Accelerate Your Home Sale
If you wish to avoid prolonged periods on the market, it is strongly advisable to consider the installation of hardwood flooring. The majority of contemporary home buyers exhibit a disinterest in dull tiles, mismatched rugs, or laminate flooring when evaluating a potential purchase. Consequently, replacing outdated carpeting with hardwood flooring can significantly enhance your home’s appeal, facilitating a swift transition from a showing to an accepted offer.
Home buyers are actively seeking properties that feature wooden flooring, so it is essential to meet this demand. wooden flooring can not only elevate your property’s value but also expedite the selling process. Therefore, if you are prepared to enhance the appeal of your home, it is advisable to install hardwood flooring at your earliest convenience.
Read more about our other post: Floor Repair Cost: Surface, Subfloor, and Joists