When it comes to picking out the best floor materials, a lot of it depends on what room of the house you’re working on. For example, 38% of respondents in one Houzz Survey said that they planned on carpet installation for their bedrooms even though hardwood flooring accounts for 34% of the floor textures in their homes overall.
Another recent survey, reported by the industry news source Hardwoodfloorsmag.com, has found that there’s good financial reason to invest in wood floor materials throughout your home. According to the 2015 Remodeling Impact Report from the National Association of Realtors, hardwood flooring ranked number one among home sellers in terms of interior remodeling projects that scored the largest financial results.
Homeowners that sold their house after installing or refinishing hardwood flooring recouped a staggering 91% and 100% of the total cost of the project respectively. In the end it raises the resale value. Previous data from the National Association of Realtors found that 54% of home buyers were willing to pay more for a home with hardwood flooring.
As far as home buyers are concerned, new wood floors ranked fourth on the list of projects that most appealed to them. The top reason for seeking hardwood flooring by consumers was to upgrade worn-out surfaces, finishes, and materials (52%). The next closest was simply because it was “time for a change” (12%).
New wood floors seem to make the majority of people feel more at home too. A new wood floor was the reason given by 77% of survey respondents as to why they had a greater desire to be home.
Whether you’re looking to optimize your comfort level now or looking towards the future, hardwood floors are a sound investment.
“Realtors know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home,” said NAR President Tom Salomone in a statement.