Read This Before Paying For Hardwood Floor Installation In Kansas City!
Looking to increase the amount that your home is worth? Hardwood floor installation could be what you’re looking for. Not only are hardwood floors desirable, but they significantly increase your home’s value.
Keep reading to learn more about the amount of value hardwood floors can add to your home, whether they’re a smart investment, and how to begin the process of upgrading your home’s floors.
The Monetary Value Of Hardwood Floors
Hardwood flooring can potentially increase the value of your home, regardless of whether they’re already there or if you plan on hardwood floor installation.
According to Realtor.com, hardwood floors can increase your home’s value by up to 2.5%.The National Wood Flooring Association surveyed real estate agents. Ninety percent of ages said they believe homes with hardwood floors sell for as much as 10% more than homes that don’t have them.
The Perceived Value of Hardwood Floors
Just as hardwood floors increase the actual monetary value of your home, they also can improve how a potential buyer perceives your home. Realtor.com notes that 54% of homebuyers are willing to spend more on a house that has hardwood floors than one without.
This is because homebuyers – and current homeowners – tend to love hardwood floors. Hardwoods are some of the most durable, long-lasting, and highest quality flooring on the market today, requiring replacement only after many, many decades.
Why Are Hardwood Floors So Desirable?
People love hardwood floors because they are beautiful, work with any home decor style, and are easy to clean. Well cared-for hardwood flooring will even outlast the limited lifetime warranties on “luxury” vinyl plank, a type of flooring that is essentially made of plastic. This means you likely won’t need to replace your flooring during the course of homeownership, ultimately saving money on remodeling or renovation costs.
Carpets, which house dust mites, pet dander, and stains, must be shampooed regularly and replaced every five to 15 years.
Even engineered hardwood flooring is more desirable than these other seemingly temporary types of flooring because it possesses many of the same quality as hardwoods, although it can’t be refinished in certain cases. Talk to a wood floor refinishing expert at JRK Flooring to learn more about hardwoods versus engineered woods before choosing a material.
The Return On Investment From Hardwood Floor Installation
In the case of home remodeling, return on investment (ROI) is the percentage of the cost of the remodel you can expect to get back when you sell your home. For flooring, ROI considers both the desirability (the value of the floor itself) and the initial cost.
Quality hardwood flooring, especially those made of woods like oak or walnut, are more costly to purchase and install than other types of flooring. However, the return on your investment (ROI) can be 80% of the cost, according to Realtor.com and as much as 118%, according to a 2022 report by the National Association of Realtors. This means you can recoup a large portion of the cost of your floors.
When compared to other flooring materials, hardwoods have the highest return.
- Ceramic tile: 70%
- Porcelain tile: 55%
- Stone tile: 55-70%, depending on the material and style, with rough or rustic tile having the lowest ROI
- Marble tile: Less than 50%, because of its upkeep requirements and initial purchase price
- Carpet: 25-40%, depending on quality
Should I Install Hardwood Floors Before I Sell My Home?
Choosing to install hardwood floors just to make a house sale may be too extreme in some situations. The competitive Kansas City market, however, demands that your home stand out from others. If the real estate agent you trust recommends installing hardwood floors before the sale, consider their advice. In fact, if the other homes for sale in your neighborhood have hardwood floors and yours doesn’t, it may mean you get fewer offers and wait longer to sell.
If your home has hardwood flooring, sometimes a simple refresh is enough to prepare your home for listing on the MLS. JRK Flooring can refinish sections of your floor or your entire floor for a fraction of the cost of replacement. The result – gleaming hardwood floors – can attract the attention of potential buyers.
Get a Free Estimate From JRK Flooring In Kansas City
Ultimately, the choice to replace your flooring before listing your home for sale is your choice. But if you plan to live in your forever home for years and it doesn’t have beautiful hardwood floors, you may want to upgrade to improve your home value in the future.Contact JRK Flooring to get a free estimate on hardwood floor installation, refinishing, or repair.
