Timber Floor Sanding Brisbane

Do Hardwood Floors Add Value to a Home?

When it comes to selling a home, hardwood floors are unquestionably the most important factor to consider. Do hardwood floors, on the other hand, add value to a home? This is what Timber Floor Sanding Brisbane has to say about it.


Are Hardwood Floors a Good Investment?


Hardwood flooring cost around $4-6 per square foot on average, plus $4-8 per square foot for installation. It might take a few days or perhaps a week to finish installation, depending on how many square feet you want to cover.


Despite this, numerous homeowners will have them placed every year because they look fantastic.


Hardwood flooring may also raise the value of a property by 3-5 percent, according to reports. As a result, they're a highly appealing proposition for anyone seeking to sell their home soon.

Hardwood floors aren't all created equal


As we mentioned in the outset, the typical cost of hardwood floors per square foot might vary. The sort of wood you pick is the major cause of this variation.


Pine, for example, may cost as little as $3 per square foot, but Brazilian walnut, mahogany, or tigerwood may cost as much as $14.


Also, keep in mind that hardwood floors will only add value to your property if they are kept in good condition. If you already have hardwood floors, don't expect them to increase the value of your home if they're in bad shape. In reality, potential buyers will have to factor in the expense of replacing them, which may cause more harm than good.


Refinishing hardwood floors, fortunately, provides homeowners with a comparable level of joy as installing them for the first time. As a result, even if you aren't planning on selling for a while, it may be worthwhile to get yours updated.


While hardwood floors are nearly always a great addition to any house, there are a variety of additional renovations that may significantly increase the value of a property.


For example, the top three projects in terms of both "appeal to purchasers" and "likely value to home for resale" were the same:


  • Renovation of the entire kitchen

  • Kitchen Upgrade

  • Renovation of the bathroom


Adding a new bathroom or master suite also edged out “new wood flooring” in terms of projects that are likely to be more valued if you sell. You must also consider your one-of-a-kind residence. Perhaps it has certain flaws that need to be addressed before you add hardwood flooring or any of the other modifications we mentioned.


Homeowners may enhance everything from apparent square footage to curb appeal to energy efficiency with a variety of home renovation choices.


If you're planning to sell soon, it's a good idea to think about where your money might be better spent before investing in hardwood flooring.

The Return on Investment of New Hardwood Floors


Any house improvement, especially hardwood flooring, requires careful consideration of the return-on-investment (ROI).


New hardwood flooring, as we've already mentioned, can boost your asking price by as much as 5%.


The buzzword of ROI, on the other hand, is investment.


Again, if you pick a less expensive material, your investment will be lower, but so will the profits you can realistically expect.


Hardwood flooring have a 70-80% return on investment. So, if you spend $15,000 on them, you may expect to get a little more than $10,000 back when you sell — possibly more. This may easily add 5% to the price of your home, depending on how much you bought for it. Hardwood flooring may be a wise investment even if you don't intend on relocating very soon.



Visit us today at:

Electrodry Timber Floor Sanding Brisbane

Brisbane, QLD 4000

1300 993 410

https://floor-sanding.com.au/brisbane/


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