There’s no doubt about the unparalleled appeal of wood floors in your home. But like any home improvement, it requires some investment. For many homeowners, a key question is whether you’ll see a return on that investment if you decide to sell your house.
In this post, we’ll discuss the value wood floors can add to your home.
How is value added to your home?
While you might not realise it, most work you do on your home can add value. Decoration and furniture are just down to preference, of course, but there are several improvements which are universally valuable.
One of those is living space. That’s why a converted loft, cellar or garage can add to your home’s price tag. The same is true for extensions and conservatories, although these options do require a compromise on garden space.
Improving key rooms like the bathroom and kitchen can also add significant value. The Federation of Master Builders and HomeOwners Alliance found that kitchen improvements were amongst the most valuable, adding up to £45,000 to a home’s price tag in some cases.
What about wood floors?
A solid or engineered wood floor is an investment in any house just like a new bathroom, kitchen or living space. The good news is that it adds value much the same too.
Over in the US, for instance, the National Wood Flooring Association found that 88% of estate agents estimated an increase of up to 10% for homes with hardwood floors. The remaining 12% of respondents said that the value would increase by more than 10%.
With the average UK home valued at £226,798, that’s an estimated increase of around £20,000. But that’s not all. The survey also revealed that 99% of estate agents believe homes with wood floors are easier to sell, and 82% said they sell faster.
In simple terms, it increases the appeal of your home, making the sale faster, easier and more profitable. It’s no surprise that wood floors are something that’s mentioned in countless estate agents’ descriptions when selling homes.
Why longevity matters
Another key question when determining the value added to your home is longevity. It’s no coincidence that extensions, bathrooms and kitchens are some of the most commonly cited value-adds for your home.
These improvements are there for the long run. In other words, they will still be there when you sell your home. If you’re adding new carpets, on the other hand, they’re not going to add value unless you’re selling your home straight away.
A good quality wood floor installed correctly should last for decades with a few sands every 10 years to keep it looking fresh. So, whether you’re planning to sell in the next few years or just want reassurance for the future, wood floors will undoubtedly add value to your home.
Wood floor installation
If you want to add beautiful wood floors to your home, and maximise its value in the process, Greyspace Flooring offers a selection of high-quality parquet and engineered wood flooring. Based in Sheffield, we provide expert installation across South Yorkshire, to make sure your wood flooring is both visually stunning and long lasting.