Does Hardwood Flooring Increase Home Value?

The housing market in Colorado Springs is always changing hands, from a seller’s market one moment, to a buyer’s market the next. However, if you are selling your home, there are many things that you can do to keep buyers intrigued and invested in your home. One of the best tips to increase the value of your home and get it sold is through hardwood flooring. In fact, The National Wood Flooring Association did a survey among real estate agents, which found that 99% of agents decided homes with hardwood floors are not only easier to sell, but sell for more than homes without.

As one of the top wood 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. Here are the best, most cost-effective hints for installing wood before putting your house on the market.

Install in High Traffic, Livable areas

Hardwood floors add luxury to any home, but it may not be necessary to cover every square foot in Oak, Walnut, or Maple in order to capture the attention of a buyer. Focus on major areas such as living rooms and kitchens that will receive the most foot traffic and attention. These are the places that buyer will want to impress their guests, so your goal as a seller should be to impress the buyer in the same manner. Pre-finished or engineered hardwood are great flooring types to impress your buyers and highlight the beauty of the room. Since there are so many stain and finish options, you can accent things like cabinetry or natural light to elevate the room.

Prep Ahead of Time

In today’s market, buyers are looking for move-in ready homes. They do not want to invest the extra time, energy, or funds to improve the home after signing the papers. Hardwood floors that are well maintained have the ability to last significantly longer than other flooring materials, so touring a home with hardwood floors can ease a buyer’s stress which may make them more inclined to make an offer. If you already have hardwood floors, make sure to have them professionally maintained or refinished before putting your home on the market. Buyers know what to look for, and what to avoid, so showcasing floors that require extra work before the couch can even be moved in is a major drawback.

Keep It Consistent

Take a look at the flow, and the floors, of your home. Do different types of flooring meet in ways that are displeasing to the eyes? If you’re drawn to intersections of wood, tile, and carpet then it is time to make a change. Hardwood floors can bring together multiple spaces to make the area consistent and appealing. If you are looking to make changes while cutting down on cost, keep carpet in bedrooms and low traffic areas.

What’s the ROI for Installing Hardwood Floors?

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%. 

Looking for a Professional Opinion? Call G3!

G3 Hardwood Flooring has three generations of experience with professional installation, maintenance, and floor refinishing so that you can sell your home quickly and confidently. We are local to the Colorado Springs area, and service all of El Paso County, as well as Castle Rock and Denver. Contact us today and we can bring our Mobile Showroom full of samples right to your door!