As a flooring expert, I have seen firsthand the impact that new floors can have on the value of a home. From increasing a home's value by 10 to 54 percent, new floors can make a significant difference when it comes time to sell your home. One of the main reasons why new floors can add so much value to a home is because prospective homebuyers place a high importance on them. In fact, in a survey, many potential buyers stated that they would be willing to make a higher offer on a house if it had new floors.
On the other hand, they also said that they would reconsider making an offer if the floors were outdated, dirty, or worn out. But what about the return on investment (ROI) for new floors? Well, most homeowners can expect to see an ROI of around seventy percent when they go to sell their house. This means that if you spend $10,000 on new floors, you can expect to see an increase in your home's value of around $7,000. Of course, this number can vary depending on the type of flooring and other factors, but it is still a significant return.
So, the short answer is yes - new floors can add a lot of value to your home if done right. But what does "done right" mean? It means working with a professional to help you choose the right types of floors and plan the installation in a way that will make your home flow smoothly from room to room. When it comes to homes and the type of floors that buyers love, hardwood floors have stood the test of time. They are durable, timeless, and add a touch of elegance to any space.
Plus, they are versatile and can work well in a variety of home styles and designs. But what if your current floors are old and falling apart? In this case, just about any new floor will increase the value of your home. This is why installing new floors is one of the most common options for homeowners looking to add value to their property. And with so many flooring options available today, there is something for every budget and style.
If you're wondering how much it will cost to install new hardwood floors in your area, Porch (which has data on more than half a million projects) offers a hardwood floor installation cost calculator that can give you a price range customized to your zip code. Keep in mind that the cost will vary depending on factors such as the type of wood, the size of the space, and any additional features or services you may need. Ultimately, whether you're looking to increase the value of your home or simply update its look, new floors are a smart investment. Just be sure to work with a professional to help you plan the installation and choose the right types of floors for your specific needs and budget.
