Whether you plan to stay or sell your home, or select solid or engineered, you will likely find yourself asking if hardwood flooring can increase property value. It can! You could see the value of your home increase anywhere from three to five percent. Potential buyers will also often pay 2.5% more for homes with hardwood.
Looking through the lens of value
All hardwood isn't the same, so that prices will vary. For example, Brazilian cherry is more expensive than pine, and solid is more expensive than engineered hardwood. Depending on what you paid, your return could be as much as $12,000 or more, reflected in the property values. If you plan to sell, that could translate to a five percent increase in the listing price.
Remember that the floors also need to be well maintained; hardwood doesn't mean people will automatically pay more if the surface is damaged or worn; nothing turns a prospective buyer off faster than a dingy badly-in-need-of-a-repair floor.
Value isn't just about the monetary. Because of the visual appeal, many have told us they experience greater enjoyment, happiness, and pride in the appearance of their home. The attraction factor will also make for an easier, faster sell!
If you have questions, concerns, or want to learn more and explore our inventory, please visit Wayne Wiles Floor Covering at our Fort Myers, FL showroom when shopping for solid or engineered hardwood floors in Fort Myers, FL.
Do other floorings increase value?
They do, and differently. If your floors need an upgrade and time and budget are an issue, it might make sense to go with a wood look, such as laminate or luxury vinyl. These affordable floors have a high-end style with fantastic realism and countless functional benefits. The return will be less, but so will be the purchase price.
Who could ever dispute the beautiful aesthetics of wood floors? These floors add glamour, warmth, and charm to your home, no matter what version you choose. If you live or work in the areas of Fort Myers, Cape Coral, Naples, Estero, Bonita Springs, and Sanibel, visit Wayne Wiles Floor Coverings to find out more and get a free quote. Our showroom is in Fort Myers, FL.