Are Hardwood Floors A Good Investment

Hardwood floors give you a good return on investment.

Are hardwood floors a good investment.

Made of solid wood planks or strips that can be glued together in butcher block format nailed down or left floating. Photo by mary cook pros of wood look tile. Going back to hardwood floors. Besides being an attractive amenity for potential buyers hardwood floors have proven to have a good return on investment for homeowners.

Three reasons a hardwood floor is a good investment. You will get the highest return on investment from painting. There are different levels of flooring available. Whether you are deciding on the flooring in your new home or replacing existing flooring you know that there is a vast array of options available to you.

They not only want floors in good condition but materials that match the purpose of each room and look like a million bucks. In comparison real hardwood flooring costs an average 5 to 10 per square foot with installation running an additional 4 to 8 per square foot. Many people think that by replacing their carpet or putting in new flooring they can get a good return on their investment but that is not always the case it depends on what you replace. Flooring in my opinion is always a low cost expense yet you get a higher return on your investment said leighann russell a real estate agent in the atlanta area who s got 329 transactions under her belt to date.

By the way if you currently have old hardwood flooring refinishing it instead of replacing it can significantly boost your return on investment. There is no denying the appeal of hardwood flooring in today s market. 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. Getting a good return on investment home repairs worth considering 1.

But is hardwood a good investment for your rental property. This is seriously worth considering as it costs far less to refinish and the result is the same a floor with a brand new look to it. They can also add an earthy tone to a rental making it more attractive to tenants. Reasons to install.