According to realtor.com, installing any type of hardwood floor can be expected to yield a 70%–80% return on investment, and increase the resale value of your home by up to 2.5%! A Versatile Mudroom. In the event you ever decide to sell your home, potential buyers are less likely to comment on your outdated floors. engineered hardwood and ceramic are good choices, careful selection will uphold the value of the house. Engineered hardwood flooring is known for its universal use. When it comes to aesthetics and subjective opinions, the results are clearer: nearly everyone appreciates the look of hardwood floors, whether or not they chose to install them. Hardwood is a classic, timeless flooring option that only increases the value of your home, so if you can go this route, go for it. Laminate Vs. Hardwood for Resale Value. Engineered hardwood is made up a real wood veneer, which is bonded to layers of cheaper wood backing to reduce cost. Avoid engineered hardwood with a veneer thinner than 2mm. 4. It ranges in cost from $3-$14 per square foot, with installation ranging from $3-10 per square foot. As you work with professionals, be sure to discuss whether or not they have included removal in their total quote. There are many great ways to improve your home to increase its market resale value, and adding engineered hardwood flooring is at the top of this list. This is the classy look of solid wood with the bonus of water resistance. But, completely redoing hardwood floors is an expensive undertaking if you don’t plan on staying in a home. Installation and material costs for hardwood range from $6 to $22 per square foot, for a total of $6.20 to $25 per square foot. Angelo Safakas. Engineered hardwood is made up a real wood veneer, which is bonded to layers of cheaper wood backing to reduce cost. Many Buyers Expect to See Hardwood Floors. The realistic wood-grain look is achieved with high-resolution photo under a clear, durable top layer. Most people consulted think that hardwood provides higher resale value than other floors, such as carpet, luxury vinyl flooring, or laminate, though they cannot confirm this with figures. When the veneer layer of an engineered product is thin—1mm or less—it can’t be sanded and refinished at all. First, they are easier to clean—a great trait for some of the busiest rooms in the home. Today we’ll look at hard evidence of whether or not a home’s listing and sale prices are positively impacted by the addition or presence of hardwood floors; it’s better to know this before making such an investment if you haven’t already. This is part of the reason why hardwood floors consistently increase the resale value of a commercial space, they simply look better for longer and are more in demand than LVP. Engineered hardwood is growing in popularity as a flooring material according to many of … ... Laminate, or engineered hardwood, has the same look of hardwood, but is a synthetic product made up of thin layers. If not, engineered hardwood is another great option, due in part to its added durability. The ongoing trend toward preference for hardwood flooring shows no signs of slowing down. To illustrate the fluid nature of resale values, Weintraub relates that, in years past, two-story houses were highly valued. As a result, if you’re interested in investing in hardwood flooring simply to increase the beauty and aesthetic appeal of your home, you can rest assured that you’re making a good investment, particularly if you use wood floors like Brazilian hardwood or bamboo, both of which are particularly sought after in the solid floor market these days. Engineered Hardwood The engineered hardwood is also known as the manufactured board. “Engineered wood is, by far, the most impactful upgrade.” Laminate Vs. Hardwood for Resale Value. As the graphic above illustrates, engineered hardwood flooring is comprised of layers of wood. HardWood floors add luxury and eye appeal that can increase your home’s resale value. Engineered wood contains a slice of natural wood on top while laminate uses a photographic layer that is coated with a protective layer. 4. Hardwood: Does play a big role in increasing the value of a home. There are many great ways to improve your home to increase its market resale value, and adding engineered hardwood flooring is at the top of this list. If you choose engineered hardwood for your kitchen, extend it to your living room and other highly-visible areas in your home. Will the fact that we go from a true hardwood to an Engineered have any downside in the resale value? In appearance, solid hardwood is not noticeably different from engineered hardwood, but real estate professionals and potential home buyers may place a premium on a solid hardwood floor for its greater longevity.