Hardwood Floors and Resale Value

Hardwood Floors and Resale Value Hardwood Floors and Resale Value

If you have decided to sell your home in the coming months, you are probably looking for ways to increase its resale value. You want to get the most money for your home as possible, yet not break the bank while getting it ready.

You can help ensure that this happens by making sure that key selling points are addressed. For instance, kitchens and bathrooms are huge selling points for homes. Remodeling your kitchen and bathrooms can add value to your home, garnering you a larger profit upon selling your home.

Flooring is another selling point that must not be overlooked. If your home has hardwood floors that need restored, or if you are thinking about installing hardwood floors, keep the following in mind to ensure that your floors add value to your home.

Location of the flooring – hardwood floors can add value to a home if they are installed in the right rooms. For example, hardwood flooring in the kitchen is always a plus. People enjoy the look and cleanliness of hardwood flooring in the heart of the home. They also prefer hardwoods in major traffic zones, such as entryways and hallways. People are also leaning towards hardwoods in busy living areas, such as the family or dining rooms.

Match the flooring to the home – installing expensive floors in a modest home is not likely to get you any extra money. Potential buyers will be looking at your modest home because they are on a modest budget. They may not be able to afford to pay more for the floors.

Consider the location of the home – just as the flooring should be in ideal locations, so should the home. If your home is located in a modest neighborhood, again, only modest buyers will be shopping your home. Installing expensive hardwood floors in a home located in a modest neighborhood is not likely to increase the resale value. The value of homes is dependent on the neighborhood. No matter how much money you pour into your home, you cannot change its location.

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