Does refinishing hardwood floors add value to your home? The quick answer is, “Yes!” We’ll consider four points in this article that can help you decide.
Refinishing your hardwood floors can add value to your house, depending on the condition and quality of your floors, the market demand for hardwood floors in your area, and the overall design and appeal of your house. According to realtor.com, hardwood floors can increase your home value by up to 2.5%. However, there are some factors to consider before you decide to refinish your hardwood floors:
- The cost of refinishing. The average cost to refinish hardwood floors is about $1,850, with a range of $1,150 to $2,500. The cost per square foot can vary from $3 to $8, depending on the type of finish, the condition of the floor, and the method of refinishing. You need to weigh the cost of refinishing against the potential return on investment and the budget you have for home improvement.
- The condition of your floors. If your hardwood floors are severely damaged, stained, squeaky, or worn out, refinishing them may not be enough to restore their beauty and functionality. You may need to replace some boards, repair the subfloor, or even install new flooring altogether. On the other hand, if your hardwood floors are slightly worn but otherwise in good shape, refinishing them can make them look like new and enhance their durability.
- The market demand for hardwood floors. Hardwood floors are generally considered a sign of quality and appeal in a home, but some buyers may prefer other types of flooring such as carpet, tile, or laminate. The demand for hardwood floors may vary by region, neighborhood, or style of home. You should research the local market trends and preferences before you invest in refinishing your hardwood floors. You can also consult with a real estate agent who can advise you on what buyers are looking for in your area.
- The design and appeal of your house. Hardwood floors can add value to your house if they match the overall style and design of your house. For example, if you have a modern or contemporary house, you may want to choose a light or natural finish for your hardwood floors. If you have a traditional or rustic house, you may want to choose a dark or rich finish for your hardwood floors. You should also consider the color and pattern of your walls, furniture, and accessories when choosing a finish for your hardwood floors.
Refinishing your hardwood floors can be a worthwhile project that can increase the value and appeal of your house. However, you should do some research and planning before you start the process. You should also hire a professional contractor who has experience and expertise in refinishing hardwood floors.
Interested in refinishing your hardwood floors? Check the box on the front page and we’ll have our professional friend contact you.