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Due to its cost, laminate presents itself as a great budget option but because of the higher price of hardwood flooring, buyers are generally willing to pay more for it as it’s better quality. Depending on which type of hardwood flooring you choose to install, the price of your house could rise at least fifteen thousand dollars. This is a huge amount and it makes up for the initially expensive cost of installing the flooring. According to real estate experts, the average ROI for installing hardwood floors is about 70% to 80%, and wood floors can boost the sales price of your home as much as 2.5%. According to the National Association of Realtors, “since replacing carpeting is often a major expense for homebuyers, installing vinyl plank flooring can result in a higher purchase price.
Laminate flooring is also more susceptible to scratches and dents than vinyl plank flooring. Finally, not all vinyl plank flooring is made equal, and many are not particularly eco-friendly. Many are made with plasticizers and phthalates, which have been linked with adverse health effects when exposed to them over time.
What color should you refinish your hardwood floors if you are selling your home?
Many homeowners wonder if going through the expense of finishing a basement is a value-add improvement. A finished basement not only adds extra square footage of living space, it boosts the resale value and helps homeowners recoup 64 percent of the estimated project cost when it’s time to sell. Though refinishing a hardwood floor may cause more mess than reinstalling the floor, the cost of refinishing is far lower. But most importantly, it will achieve the same outcome as a new installation, but it will result in a far bigger ROI than a reinstallation.
Here are the best, most cost-effective hints for installing wood before putting your house on the market. Both timeless and versatile, hardwood is also more durable over the long haul than carpet, which ideally should be replaced about every 10 years. Recoating hardwood floors every three to five years or refinishing them every 8 to 10 years can make them last for the long haul. And when it comes to homes and the type of flooring buyers love, hardwood floors have stood the test of time. Study by Realtor, homes with hardwood floors sold for an average of 2.5% more than homes with other types of flooring. In addition, hardwood floors can help to make a home more marketable.
Do hardwood floors scratch easily?
Wait 48 to 72 hours after the hardwood has been refinished/ finished before “PLACING” furniture back in its place. Dramatic swings in temperature will cause hardwood to shrink or to cup. The real estate commission in Georgia is an important cost that impacts both buyers & sellers. Here's a breakdown of closing costs you should expect to pay when selling your home in Georgia and ways to reduce these costs before closing.
But, completely redoing hardwood floors is an expensive undertaking if you don’t plan on staying in a home. 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. Yes, a steam mop can safely and effectively be used on luxury vinyl plank flooring. Steam mops are great at cleaning and sanitizing a variety of surfaces, including luxury vinyl planks.
How much should it cost to have hardwood floors refinished?
Some of the most popular choices for flooring include hardwood, laminate, tile, and carpet. Each option has its own set of benefits and drawbacks, so it is important to weigh all of the factors before making a final decision. Additionally, vinyl flooring is easy to maintain, making it a practical choice that can also help increase a home’s value. Besides, vinyl plank flooring is one of the most affordable home renovation options. Luxury vinyl plank is also water-resistant, making it a great option for basements. Its waterproof design and durability make it ideal for wet areas such as bathrooms.
For instance, buyers of a “starter home” are often more interested in durable flooring. Vinyl plank is durable enough to withstand kids, pets, and first-time homeowner mishaps. Applying a revitalizer gloss is the simplest and cheapest way to refinish hardwood floors.
Follow these 5 pro tips to get the most out of this wise home investment. Dogs—especially young ones—can easily can have an accident on a hardwood floor, but if you clean it within a reasonable time, no problem. The best way to refinish wood floors without sanding is to use a technique called screen and recoat. This involves scuffing up the finish with a floor buffer and applying a refresher coat of finish.
If you currently have hardwood floors, consider refinishing them if they need a little pick me up. Refinishing hardwood isn’t as expensive as most think, so the refresh is an easy way to increase your home’s value. Hardwood floors are one of the best investments you can make to your home. Not only are they durable and versatile, but also most buyers love them! It’s no surprise hardwood flooring has been a long-time preferred flooring choice, making it your best bet for the highest return on investment . In general, homeowners can expect a 75% return on investment when installing hardwood floors.
The most common wood-strip flooring nationwide, stained red oak costs about $3.30 per square foot. Hardwood is not only clean, stylish, and elegant, but theee is likely no other flooring option on the market that can add as much value to your home. New flooring can add a ton of perceived value, encourage higher offers, and even make a home sell faster, but it may not add dollars to your appraisal. Buyers may like the updated flooring and offer more as a result, but don't expect a higher appraised value. Talk to a flooring expert and a local expert real estate agent to help you design the perfect pattern and direction for your house.
You should also keep in mind that vinyl plank and tile flooring might not increase the value of your home as much as laminate flooring. However, vinyl flooring can still make all the difference in how long your floors will last, which could be vital as we head into a more competitive real estate market. In general, it will almost ALWAYS be less expensive to refinish your hardwood floors.
While adding new hardwood floors will INITIALLY cost you more than carpet, in the LONG RUN, it will save you a lot of money. But since hardwood floors can last decades and the wood from the old floor is still perfectly usable , there is no need for this expense. The only time it makes sense to reinstall a hardwood floor is when it is badly damaged or when you want to change the design or type of wood. If this is not the case, you are better off refinishing the floor. At the end of the day, you need to consider more than just which type of flooring buyers want most. For luxury vinyl, look at products from the Downs H20 line as their flooring is 100% waterproof and will not expand, curl or shrink even if submerged in water.
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