Real estate professionals state that hardwood floors will pay off when considering selling a home. They’re a “bling feature,” especially in living rooms and dining rooms, as well as in a master suite they “could help win a buyer’s offer,” Janice Caputo, a real estate pro with Coldwell Banker Real Estate Services in Pittsburgh, told realtor.com®.
Would You Say Hardwood Floors are Presumed These days?
“Most buyers nowadays are expecting hardwood,” Matt Laricy, a real estate pro with Americorp Real Estate in Chicago, told realtor.com®. “They want things move-in ready, and don’t want to do any work. Seeing carpet could make them pass on your place.”
Alex Biyevetskiy, a home remodeling expert with RemodelingImage.com, says new hardwood floors may also equate to 2.5% to a home’s sale price. The National Association of REALTORS®’ 2017 Remodeling Impact Survey also rated refinished hardwood flooring as one of the projects that happen to be most popular with home buyers.
Hardwood flooring is usually expensive to install, however. Kimberly Villa, marketing manager for Kaminskiy Design and Remodeling in San Diego, says the typical cost of popular woods like oak, maple, walnut, or cherry is about $5 to $10 per square foot. For installation, add about $4 to $8 per square foot.
“While this may seem a little pricey for an initial investment, you must take into consideration the fact that these floors can outlive you,” Villa says. “They will also increase the market value of your home quite a bit. Old carpets can be a major eyesore and can really turn a home buyer off. They can also negatively impact those who have allergies. Invest in hardwood flooring now, and reap the benefits for decades to come.”
Ready to find out the current market value of your home? Nick & Cindy Davis with RE/MAX Premier Group are here to assist you. We are always a just a click here away or call 813-300-7116
