Do Wood Floors Increase Home Value?

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. While some sellers may renovate a bathroom or do small improvements to make the home feel new, don’t overlook the power of a fresh hardwood floor.

Whether drawn to the timeless aesthetics of wood or the practical perks of easy maintenance, it’s evident that many buyers are choosing hardwood floors over carpet or tile. Hardwood’s enduring charm and low maintenance make it an investment that not only enhances the immediate visual appeal but also ensures long-term satisfaction for prospective buyers.

Here are some of the many benefits of refinishing or switching to hardwood floors before putting your home up for sale:

Make a Lasting First Impression

Hardwood floors are a popular feature that many home buyers look for, as they create a lasting first impression, immediately conveying a sense of warmth, charm, and timeless beauty. When potential buyers walk into a home with hardwood flooring, they often can envision themselves living in the space. Staging can also help create an atmosphere that invites buyers to visualize themselves entertaining guests, watching their children grow and creating cherished memories for years to come. 

Hardwood Floors Offer Design Versatility

Certain home features can make or break it for home buyers. Hardwood floors are great since they offer versatility, complementing a diverse range of home styles and design preferences. Whether your home boasts a traditional, contemporary, or transitional aesthetic, hardwood flooring seamlessly integrates into any décor. They serve as a neutral backdrop making it effortless to take amazing listing photos. Wood floors allow owners to accommodate changes in furniture, décor, and color schemes over time. This adaptability makes them an attractive choice for a broad spectrum of buyers, enhancing the overall appeal of your property.

Hardwood Floors Are Easy to Maintain

Buyers appreciate the low maintenance required for hardwood floors. Compared to carpets, which can trap dust, allergens, and stains, wood flooring offers a smooth, flat surface that is easy to clean. Regular sweeping or vacuuming, along with occasional mopping, is typically all that’s needed to keep wood floors looking pristine.

Additionally, hardwood is more resistant to spills and stains compared to carpets, as liquids can be quickly wiped away without leaving behind residue or discoloration. Overall, the straightforward upkeep of hardwood floors makes them a practical and convenient choice for homeowners seeking a hassle-free lifestyle.

Hardwood Floors Offer an Allergen-Free Environment

Your home can harbor allergens in various places, including bedding, pillows, sofas, and flooring. Soft surfaces, such as carpets, tend to capture and retain allergens, which can include dust mites, pet dander, mold, mildew, pollen, and chemicals. Maintaining an allergen-free environment can be challenging, but upgrading to hardwood floors is a great first step.

Hardwood flooring offers a solid surface that doesn’t harbor microorganisms, facilitating easy cleaning, such as sweeping or vacuuming. This will effectively eliminate dust, pet dander, and other allergens.

Additionally, hardwood floors are resistant to mold and mildew, with some options featuring antimicrobial technology. They also contribute to healthier indoor air quality by not trapping dust and allergens, while also moderating humidity levels to create a comfortable, healthy environment. Buyers with allergies or health concerns need to be sure that they are picking a home that can adapt to their lifestyle. So, they often prefer homes with hardwood flooring for these reasons, enhancing the overall appeal of your property.

Long-Term Durability

Known for their durability and longevity, hardwood floors are valued by buyers who appreciate a flooring option that can withstand the test of time, reducing the need for frequent replacements and repairs. Hardwood floors are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic. They can also be sanded and refinished multiple times throughout their lifespan, ensuring they maintain their appearance and structural integrity for decades. This combination of natural strength, construction, and maintenance options makes wood floors a compelling selling point for your home.

Hardwood Floors Add Perceived Value

Buyers often associate hardwood floors with high-end, luxury living. The timeless appeal and durability of wood flooring contribute to this perception of value, making it easier to justify setting a higher asking price for your home. With floors made of wood, buyers are more likely to view the property as a long-term investment due to its enduring quality and aesthetic appeal. As a result, incorporating hardwood flooring into your home can lead to an increased perceived property value, this paired with some small easy fixes can drastically enhance your home’s marketability and attractiveness to potential buyers.

Hardwood Floors Enhance Resale Value

Having hardwood floors is a great way to add value to your property. This attractive feature can make your property stand out in the competitive real estate market, potentially attracting more serious buyers willing to pay a premium for the elegance and durability associated with this type of flooring.

Additionally, the 2022 Remodeling Impact Report from the National Association of REALTORS® states that the Recovered Project Cost was 147% for refinished hardwood flooring and 118% for new wood floors. While the average cost for a 200-square-foot room is approximately $5,000, selecting luxury wood may increase the price. Despite being a relatively high investment, hardwood remains the most strategic home renovation for homeowners aiming for substantial returns on their investment.