- Tim McGrath
3 Ways Flooring Increases Home Value
June is National Home Ownership Month! Installing or renovating flooring is the #1 way to increase property value while getting the most bang for your buck. Not looking to sell any time soon? That's okay! You will get many years of enjoyment out of your new floors.
1) 54% of home buyers are willing to pay more for hardwood floors. In fact, they are willing to pay about $2,080 more, according to data from the National Association of Realtors. Hardwood floors are coveted by all buyers as they are well-known for their durability and great looks.
2) New wood flooring is the top interior renovation project to add the most value to a home at resale. Realtors estimate homeowners can recover about 80-106% of their original cost.
3) Hardwood flooring can increase the value of your house by 3-5%. This makes installation or refinishing of flooring an attractive prospect for anyone looking to sell their house in the near future.
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