Value Of Original Hardwood Floors

Proper hardwood floor maintenance may considerably increase a home s value.

Value of original hardwood floors.

According to professional builder the roi for hardwood floors lands somewhere between 70 and 80. Bruce american originals copper dark red oak 3 4 in. Labor makes up between 3 and 8 per square foot of this total price. 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.

But completely redoing hardwood floors is an expensive undertaking if you don t plan on staying in a home. The average cost to install hardwood flooring is 4 400 with a typical range of 2 500 to 6 500. Its wide availability means that it costs less than other types starting around 2 per square foot. Engineered hardwood toughness challenge engineered hardwood can be refinished two or three times over its lifespan.

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. 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. Although laminate may win the laminate vs. For perspective as a general rule of thumb hardwood floors often cost 30 50 more than laminate floors.

For hardwood flooring in homes it is the most popular material. 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. Engineered hardwood flooring runs 3 to 10 per square foot. With good upkeep it can last longer than a century.

W x varying l solid hardwood flooring 20 sq. Oak maple walnut cherry bamboo pine hickory teak engineered hardwood. 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. Case 4 29 sq.

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. T x 2 1 4 in. Engineered hardwood also provides a better value point if you should decide to sell your house. You ll also have to consider the type of wood you d like to use which can include.