A wooden floor can increase the value of a home, with estimates suggesting it can add anywhere from 3% to 10% to the sale price, and in some cases, more. Estate agents report that homes with hardwood floors often sell faster and for more money than those without. This value increase is due to the aesthetic appeal, durability, and sought-after nature of hardwood among buyers.
How do real wooden floors increase home value
Increased sales price: Homes with wood floors can command a higher sale price. Some agents indicate this can be up to 10% more for identical homes.
Faster sales: Properties with hardwood floors tend to have a quicker sale time compared to homes with other flooring types.
Wooden floors increase durability and longevity: Wood floors can last for decades, or even a century or more with proper maintenance, which translates to a valuable long-term investment for the homeowner.
A hardwood floor improves home aesthetics: Hardwood floors offer a timeless elegance and warmth that many buyers find appealing.
Wooden floors provide a healthier environment: Wood floors don’t trap allergens like dust mites, pet dander, and pollen in the same way carpet does, which is a major plus for buyers with allergies.
What affects the value increase that a real wooden floor can generate?
Quality of the wood: High-quality wood will add more value than lower-grade materials.
Condition of the floor: Whether the floor is new or professionally refinished can impact the final value. If you are marketing your home for sale, you might consider sanding and polishing – you will add value.
Colour and style: Opting for neutral colours like light oak can appeal to a wider range of buyers, as they are versatile and can be refinished to a darker tone if the new owner prefers.
What about a parquet floor?
Yes, a parquet floor can increase a home’s value by adding a premium, elegant aesthetic and due to its durability. It’s a timeless and sought-after feature that makes properties more attractive to buyers, and many real estate agents agree it can boost a home’s market price.
How parquet floors add value to your home
Timeless aesthetic appeal of parquet: The classic and decorative patterns of parquet floors create a sense of richness and sophistication that is appealing to potential buyers.
A parquet wood floor increases durability and longevity: Quality parquet flooring can last for decades with proper care, making it a wise long-term investment that adds lasting value to a home.
Versatility: Parquet can complement a wide range of interior styles, from classic to modern, making it a desirable feature for many different tastes.
Increased marketability: The presence of wood flooring is a major draw for homebuyers and can lead to higher offers and a better sales outcome.
Other key factors that influence home value
Location: The potential value increase depends on the local real estate market and buyer preferences.
Condition: The overall condition and presentation of the home are also important factors.
Expert appraisal of home value: For a specific appraisal, it is best to consult a local estate agent who can provide a valuation based on your particular property.