Pictured: Lucca Rustic European White Oak
Does Hardwood Flooring Increase Home Value?
Flooring, regardless of the type, is the focal point of any home and ties the rooms of a house together. The right flooring can add value to a home now and in the future when it comes time to sell. The rule of thumb on flooring is the most resilient and long lasting, the higher the upgrade, but the higher return is on investment – wood flooring, solid and engineered, is on the higher end of the spectrum.
Hardwood floors are often on the top of the wish lists of renters and home buyers alike. In fact, the National Association of Realtors has found that more than half of home buyers are willing pay more for a home that has hardwood floors. Homeowners have also seen a higher return on investment if they sell their home with new or refinished hardwood floors.
Likewise, a survey by the National Wood Flooring Association noted a majority of real estate agents said that houses with hardwood flooring are easier to sell, sell for more money and sell faster. Anecdotally, this is especially so when homes have wood flooring in key rooms, such as living room, dining room and family room, as well as master bedroom.
Wood floors add beauty and charm, and its character and sophistication are hard to match. Another major reason why many people looking to buy a home prefer wood floors is that they are durable and easy to clean Wide plank hardwood floors, like those in our Floor Art Collection, have experienced a major uptick in popularity in recent years. Hand-scraped, distressed and reclaimed wood, which add rustic undertones to a room, are also on trend.
While the up-front cost may be higher, hardwood flooring can greatly impact resale value. There is no doubt that wood flooring brings a “wow” factor to a home.
