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Nor does it factor in the improved value for your home if you add hardwood vs.
Does all hardwood floor add value. And when it comes to homes and the type of flooring buyers love hardwood floors have stood the test of time. You can expect to see between a 70 80 roi on your hardwood floors but the best roi comes as you enjoy the low cost upkeep of the floors. It s hard to make hardwood not look good plus even when worn in it holds a certain appeal but it s not necessarily cost effective. While hardwood floors add the most value to a home that s not to say all buyers will lose interest if they aren t in your home.
Hardwood according to the remodeling impact report from the national association of realtors 21 of realtors would advise their clients to get hardwood flooring before selling their home. Installing hardwood floors can cost between 9 and 12 per square foot compared with about 3 to 5 per square foot for carpet so some homeowners opt to install hardwood floors only in some. Go with hardwood flooring to get the biggest bang for your buck at resale. As long as there is a consistent flow of hard surfaces not too much mixing and no nasty carpeting there s still a great chance at getting the most value out of your sale.
For perspective as a general rule of thumb hardwood floors often cost 30 50 more than laminate floors. According to real estate experts the average roi for installing hardwood floors is about 70 to 80 and wood floors can boost the sales price of your home as much as 2 5. Many buyers love seeing hardwood flooring but to make a dent in the value the rest of the house needs to have updates too. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value.
Carpet does not improve the value of your home. New installations do not tend to affect resale value either way but homes with old carpet will certainly suffer in the market. Hardwood floors can add up to 2 5 to your home s value. Sometimes you can t beat a classic.
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