Value Of Original Hardwood Floors

According to professional builder the roi for hardwood floors lands somewhere between 70 and 80.

Value of original hardwood floors.

Rather than making that kind of investment right away work with a real estate agent to see what can be done to treat the floors first. While these tend to be some of the most cited statistics about wood flooring s resale value the original source a nwfa press release comes with no methodology. Engineered hardwood also provides a better value point if you should decide to sell your house. Over the years lynn s company has restored or refinished historic or just plain old hardwood floors in buildings ranging from simple homes to the white house.

The average cost to install hardwood flooring is 4 400 with a typical range of 2 500 to 6 500. Homeowners who have old floors should not expect them to look like brand new floors according to sprigg lynn of universal floors in washington d c. Engineered hardwood flooring runs 3 to 10 per square foot. This flooring needs more detail oriented installation and cost will vary depending on the type of species and amount of floor space involved.

For hardwood flooring in homes it is the most popular material. W x varying l solid hardwood flooring 20 sq. Case 4 29 sq. Although laminate may win the laminate vs.

T x 2 1 4 in. A usa today study that uses national association of realtors data found that 54 of potential home buyers said that they would be willing to spend more for wood flooring up to 2 080. Oak maple walnut cherry bamboo pine hickory teak engineered hardwood. Proper hardwood floor maintenance may considerably increase a home s value.

You ll also have to consider the type of wood you d like to use which can include. That means if you spend 20 000 on hardwood floors 2 000 square feet at 10 per square foot you can expect to see between 14 000 and 16 000 reflected in the sale price of your home. Labor makes up between 3 and 8 per square foot of this total price. For perspective as a general rule of thumb hardwood floors often cost 30 50 more than laminate floors.

With good upkeep it can last longer than a century. Although oak has a classic yellowish brown look board colors vary quite a bit. Hardwood improves the value of your home much more than laminate in fact it s not clear if laminate will improve the value of your home and this may depend on the neighborhood it may have a modest impact in lower end areas and may have no impact or potentially negative impact in high end areas. Bruce american originals copper dark red oak 3 4 in.