Hardwood Flooring?
Question:How much value does it actually add to your home? I know it will make the house sell faster but is it actually worth investing in? Will I get the money back plus more at selling time? I just don't want to spend 10 grand putting them in only to get an additional 3 grand at sell.
Answers:
It really depends upon the condition of the home, the neighborhood and the market in your area. A realtor in your area will be much better suited to advise you on this one.
Hardwood will almost always add some value or give you a quicker turn, but as you have noted it may not add as much value as it costs to install.
hard wood is only popular to someone that wants hard wood, normally nothing done to a house will bring the value above the investment.. in a single upgrade. you would do better to either offer a flooring incentive or just install neutral carpeting.
do research to see the value verses investment.but rarely have i seen money invested in things such as flooring return total investment....reasoning is when you buy a house you want it to be in good shape, but when comparing one house to another would you pay 10,000 more for the same house just because it has hardwood floors..facter this to help lessen the confusion.new flooring in a house $3500 for carpeting, same house new flooring carpeting and tile 13,000, another house flooring 10,000 for hardwood, expect to see only a differnence in the value , hope this makes sense, even then you will likely not realize the whole amount of the difference.because it wasn't the flooring picked out by the new home buyer...so the value of the choice is also removed.
Are you talking about real hardwood or the laminate flooring?
In a vintage home, real hardwood will usually improve the resale value.
In a remodeled 20-year-old suburban tract house, laminate flooring looks cheap and fake.
Tastes and marketability vary by region. Take a look at the homes for sale in your area and see how they're finished. Talk to several realtors who know your area.
Ignore the flooring. If you're interested in reselling here are the top 3 items that will improve the resale value of your home:
1. Add square footage
2. Remodel the kitchen
3. Remodel the bathrooms
Add hardwood floors to please yourself. The rest doesn't matter.
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