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The cost to install hardwood flooring can vary, depending on the type of flooring. At the low end, traditional hardwoods typically cost $3-5 per square foot for materials like pine, with about the same for installation. At the high end, mahogany, cypress, and other exotic woods can range from $8-$15 per square foot, with installation costing another $4-8 per square foot.
Hardwood flooring on the other hand is visibly better quality and adds warmth to your home, making it in some cases a feature within itself. Laminate can be noisy to walk on as well which may give your home a less luxurious feeling. Natural Maple is another popular choice that is harder compared to Red Oak Select and has slightly more color variation between the pieces. The cost starts at four dollars per square foot and goes up from there as multiple widths are available.
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Realtors estimate homeowners can recover 106 percent of their original cost. The average return on investment for hardwood floors is between 70% – 80%, and when installed and maintained correctly, hardwood flooring can increase the sale price by 2.5%. Refinishing hardwood floors is more cost-effective than replacing them. On average, it costs about $2,000 to $7,000 to replace hardwood flooring . There are many factors involved, including your neighborhood, so talk to an experienced real estate agent to find out. What Is the Added Resale Value to Your When With Laminate Vs Hardwood?
That is a cheaper and equally effective option than a fresh installation. For the longest time, hardwood has been the flooring of first choice for homeowners. When homeowners install any other type of flooring in their home, it is because they cannot afford a hardwood floor and not because they don’t want it. According to a 2021 survey conducted by 50 Floor, laminate and vinyl flooring options were right behind hardwood flooring as the preferred option for redoing floors, capturing nearly one-third of respondents. Proper hardwood floor maintenance may considerably increase a home’s value.
Hardwood flooring: reinstallation versus refinishing
To ensure that your hardwood floors are installed properly, it is important to hire a qualified and experienced installer. Another reason why purchasers love hardwood flooring is its durability. It can survive for several decades if properly maintained, such as cleaning with the proper products and refinishing every 5 to 10 years. Along with improving the value of your property, hardwood floors have numerous advantages over other materials such as vinyl, laminate, and carpet. While the return on investment is attractive for hardwood flooring, you may be able to achieve a similar or higher ROI when installing LVP flooring, which can resemble hardwood. If you’re hoping to sell in the near future, it’s worth considering where your money might be better invested before putting it toward hardwood floors.
So, when a buyer sees carpet, they see a lower value and higher costs that they will need to pay to replace it. This can reduce the offer on your home as well as increase your time on market. Laminate appears to be more cost effective in the short term but if you’re planning on selling your home and wish to make as much money back on it as you can, laminate may not be the option for you.
How Much for Hardwood Floors vs Laminate Cost?
Black cherry, which has a natural cinnamon tint that darkens with age, costs about $4.90 per square foot. If it forms droplets that stay on the surface of the wood, the floor finish is still good. If the water is slowly absorbed into the wood, the finish is worn and needs to be restored. As you might assume, the installation cost varies depending on the sort of wood you select, the amount required, and where you obtain it. If you’re looking to take your home’s closet from chaotic to clean, here are a couple tips to help you clean and stage your closets to sell.
Throughout the 18th century, wood floors evolved from bare lumber, to checkerboard or geometric painted planks to match the ornamental interior design of the times. In the late 1800s, the polished hardwood floors so popular in American homes today started being produced in mass. Luckily, there is an easy way to spruce up old hardwood floors and increase your home’s value by refinishing the floors. While the return on investment for hardwood floors may not be as high as some other home improvements, it is still a significant amount. For homeowners looking to add value to their property, hardwood floors are definitely worth considering. In terms of aesthetics, hardwood floors provide a warm and natural look that is highly sought-after by buyers.
Properly insulated walls make heating and cooling a home more efficient and cut down on energy costs. Plus, an insulation upgrade is an interior renovation project that can add significant value to a home. Realtors estimate homeowners can get 83 percent of their money back at resale.
If you can’t refinish all the floors, consider doing some of them so that buyers can see what the floors look like. Refinishing your hardwood will make your home look nicer, and often it will make it look larger and it will improve the value. If funding is limited or if this is too inconvenient to do, then consider just refinishing the wood for some of the rooms to at least show that you have hardwood and what it looks like. If a room has been “lived” in, the carpet will be removed VERY quickly . When you’re looking to sell your home getting the best possible price is always front of mind. Renovating the stand out details of your home can dramatically increase its value but with it comes with risk of over-capitalizing and not getting your money back.
Hardwood floors lend a warm, welcoming look to a home but they are not easy to remove or replace once they have done their time. Ripping off the planks the wrong way can ruin your flooring and cause irreparable damage to the subfloor. Wood Floor Condition The condition of the flooring is the most significant factor when choosing to refinish or replace. If the damage is mostly superficial, refinishing is usually the best choice. But if the damage is severe and includes rot or water damage, those planks will have to be replaced. Stop by our showroom or give us a call and our team would be happy to discuss your hardwood needs.
The materials for installing hardwood floors in a 2,000 square foot room will cost between $13,000 and $20,000. However, hardwood flooring typically costs $3-7 per square foot for the material, plus another $3-$5 per square foot for installation. As a result, expect to pay $6-$12 per square foot for hardwood floors. This indicates that the average homeowner will pay between $2,500 and $6,800 to lay hardwood floors.In conclusion, you may expect a 70 to 80 percent ROI on your new wood floors.
In most cases, it’s recommended that you refinish them every seven to ten years. When your floors have gone through a lot and the damage is extensive, you should consider replacing them. Another reason you might want to replace hardwood floors is to install a different style or color. As one of the topwood flooring companies in Colorado Springs, we have seen many interior trends come and go, but hardwoods are a timeless piece that can take your home from acceptable to incredible. If you’re deciding what type of flooring is best to sell a house or increase home value, we can help.
And how much of that money will you earn back when you sell the house? Before calculating the ROI, we need to know how much it will cost to install hardwood flooring. You now understand that installing hardwood floors will increase the selling price and the interest in your home. That’s exciting, but you have to keep the actual “investment” in mind when you’re deciding whether or not hardwood floors are worth it. Look at how much you have in your budget and then the estimated ROI it would produce when you decide to sell.
The average ROI for wood floors is in the 70%-80% range when done right. However, even if you don’t plan on moving any time soon, hardwood floors may still be a good investment. Other budget-friendly options for new flooring include carpet tiles, which cost under $2 per square foot in a variety of shades and designs; and painting the floor. Yes, paint can cover wood, cement, tile, or linoleum floors that have seen better days, and there are specialty products that make the prep and finish beautiful. Nationwide, the average cost of painting 300 square feet of floor ranges from about $400 to $900. Even though they’ll improve your home in more than one way, it’s still a big decision.
Hardwood floors can be refinished every 7-10 years, making the 4-6 refinishes more than enough. If you’re considering a flooring renovation for your house, chances are you’ve looked into solid and engineered hardwood options. If you have hardwood underneath the carpet, rip up the carpet and refinish the hardwood.
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