Wood Floor Cost Vs. Value
Wood flooring provides a classic look to a home and can make a big difference in the overall feel of the space. Many consumers regularly purchase hardwood for their homes even though it is one of the more expensive flooring options available. When purchasing hardwood, you may want to consider the value that you are getting for the money that you are spending.
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Cost
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The cost of hardwood flooring can vary greatly depending on what type of flooring you get. The width of the boards, the species, the finish and the brand all have something to do with the cost that you will pay. Hardwood flooring can cost anywhere from $2 per square foot to more than $20 per square foot. The installation of hardwood flooring can cost somewhere between $2 and $6 per square foot depending on where you live.
Home Value
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Adding hardwood flooring to your home can also increase its value and make it sell faster when it is on the market. "In a national survey of real estate agents, 90 percent said that houses with wood flooring sell faster" states the National Wood Flooring Association. If you need to sell your house quickly, this type of flooring could potentially speed things up and get you a higher offer.
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Longevity
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One of the benefits of purchasing hardwood flooring is that it lasts longer than most other types of flooring. You can get hardwood that comes with a 50-year warranty attached to it. This means that the average person will not have to replace the flooring in their home after installing hardwood. When compared to carpet, which lasts less than 10 years on average, this could save you money in the long run.
Cleaning
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When you purchase hardwood flooring, you should also be able to avoid significant cleaning costs. With hardwood, you can keep it clean with a dust mop and some hardwood flooring cleaner. By comparison, if you purchase carpet instead, you would need to have it professionally cleaned every few years. The bill for having your carpet cleaned could be a few hundred dollars depending on how big your house is. The ongoing costs for maintaining wood are very reasonable.
Refinishing
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With hardwood flooring, you will also be able to get additional value by refinishing it in the future. If your hardwood becomes scratched, damaged or faded in the future, you can refinish it. You can sand down the finish on the wood floor and put another coat of stain and finish on top. By doing this, you will be able to get even more years out of your hardwood floor.
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References
- Photo Credit wood texture image by AGITA LEIMANE from Fotolia.com
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Comments
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Need to take a poll...A seller wants to know if they should replace their very nice off-white carpet with hardwood floors (before house goes on market) and if you say "yes" what kind of wood? Or give a wood floor allowance? It's a large home with a mixture of neutral ceramics and carpets in other rooms. Thanks!
