How Much Can Hardwood Flooring Increase My Home’s Value?

November 12, 2021 7:17 pm Published by Leave your thoughts

For those considering upgrading their Santa Cruz, CA home’s floors, hardwood is an excellent choice. It can transform a space from average to sophisticated. On top of that, it’s easy to clean and will last for years to come.

Of course, installing any new floor is expensive, which may leave you wondering about your property’s potential resale value. Read on if you want to know more about hardwood flooring installation and return on investment.

How hardwood floors affect property values

Most homeowners will see a 75 percent return on investment by installing hardwood floors. Overall, they can increase their resale value by 2.5 percent. You won’t get all of your money back, but this is still one of the highest rates of return for any home improvement project. Plus, you’ll get to enjoy the appearance and functionality of hardwood floors as long as you remain in the home.

All that said, which kind of hardwood floor you choose will have an impact on your Santa Cruz, CA property’s resale value. So will the quality of the hardwood flooring installation and how well hardwood floors complement the rest of your home’s appearance.

In the current market, upgrades like hardwood floors will attract even more attention than usual. Buyers want turnkey homes that are ready to go and don’t need any updates.

Add some warmth

One of the criticisms of hardwood floors is that they’re cold in the morning and during the winter. Of course, one easy fix is to put down some area rugs, but this might seem to defeat the purpose of having beautiful hardwood floors in the first place.

Instead, there are some other options. For example, having radiant heating in a home will both lower your energy bills and keep those floors warm and toasty all year round. Installing radiant heat is another way to add value to your home when you’re considering renovations.

Find the right design

You might think hardwood floors are all the same, but one important element is choosing the right design. You can go with short planks in a cross or herringbone pattern, which would be a good choice for a more old-fashioned home. Planks all pointing in the same direction may make the space feel smaller. Discuss this with hardwood flooring experts to find the right look for your home.

Not just flooring

If you’re thinking of redoing your floors, you want this update to work in harmony with the rest of the home. For example, it may be time for bathroom or kitchen updates as well. These are both high-ROI projects that homeowners can also enjoy for years to come. You may want to tackle other big projects at the same time, like replacing the HVAC or adding insulation.

When you’re searching for high-quality hardwood floors at exceptional prices in Santa Cruz, CA, The Wholesale House is here to help. We take the time to figure out the best flooring solutions to fit your home and budget. Stop in today or give us a call to learn more about everything we have to offer.

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