Are you looking to upgrade your home while increasing its long-term value?
Installing hardwood flooring may be the perfect option to give your home a facelift while providing more value than any other flooring option on the market.
Not only are many homebuyers these days looking for hardwood flooring in their new homes, but they can also increase the overall property value. Hardwood flooring lasts longer than many other types of flooring, standing up to years of wear and tear, which makes it a smart place to invest within your home.
How Much Increase to Expect
So exactly how much value does installing hardwood flooring add to your existing home? On average, homeowners see a 75% return on investment from their new flooring. This number is dependent on the type of hardwood flooring and the quality of the installation you decide to choose for your home.
For example, installing 2000 sq ft of hardwood flowing at $9 per square foot will cost you $18,000, but you can expect the value of your home to increase by around $13,500. This means your true cost for the flooring is only $4500. However, if the quality of the installation or type of wood you choose is not up to par, the return could be significantly less. Therefore, it is important to always work with reputable suppliers and installers when it comes to your hardwood flooring.
Add Radiant Heating
One reason to add additional value along with your hardwood flooring is to install radiant heating at the same time. Oftentimes hardwood floors can be cold in the mornings or during the winter months, but radiant heating is a system installed below the hardwood to keep your floors at a comfortable temperature 24 hours a day.
Radiant heating is not only an additional feature that can add value to appeal to buyers, but it also helps keep down general heating costs by eliminating cold pockets or areas that your HVAC has to work hard to keep warm.
Another way to boost your home’s value is to add custom fixtures that match your new hardwood floors. This could include handrails, doorknobs, cabinet pulls, and more that give your home an extra touch of flair and tie in all the pieces. We love to match bronze fixtures with many types of hardwood floors for a bit of luxury.
Match Other Renovations
If you are working through other home renovations while upgrading your flooring, it is important to consider how everything will fit together as a whole. The kitchen is often the first place that homeowners decide to upgrade their hardwood as it is ideal for a durable, easy to clean flooring option. When upgrading the rest of your kitchen, make sure that all of the other features such as appliances, cabinetry, and fixtures look good with your flooring.
If you are looking to get the full value out of your new flooring in a room like your kitchen, we also recommend making sure it is paired with modern, stainless-steel appliances, durable countertops, and modern cabinetry.
Do Your Research
As you can see, hardwood flooring is one of the most popular ways for homeowners to add additional value to their home, whether they are looking to sell now or down the road. The most important thing is to do your research on the type of wood flooring you want to install and the contractor who will be doing your installation. Also, keep an eye out for additional upgrade opportunities that may add additional value to your home while you are already working on other renovations.