Hardwood Flooring and Home Value: The Relationship Explained

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Hardwood flooring and home value

If you’re redoing your floors, you’ll want to consider how the type of flooring you choose will affect the resale value of your home. There is no doubt that hardwood floors are the best choice if you’re looking to boost your home value. That being said, they are typically more expensive than other flooring options, and you may wonder if the initial investment is worth it. This post will explain the relationship between hardwood flooring and home value so you can make the best choice for your home!

When considering new flooring for your home, homeowners will want to know the approximate return on investment (ROI). In other words, how much will you be spending on your floors, and how much do you expect to be returned in the form of a resale? Although this can depend on many factors, hardwood floors generally tend to show a 70-80% ROI and can boost a home’s value by 2.5%. Installing hardwood floors are shown to sell homes faster and for more money than any other type of flooring. Most other types of flooring, including carpet, laminate, and vinyl, while cheaper initially to install, will have little to no effect on your home’s value.

You may not be looking to sell right away. Even if you’re not planning to sell your home in the immediate future, it’s still important to consider the relationship between the flooring type you choose and your home’s value. If you’re still planning on living in your home for years, consider the durability and maintenance needed for each flooring type. Hardwood is a very durable flooring type and, with proper care, can last up to 100 years. In other words, your hardwood floors will likely outlive you, as opposed to less durable flooring like carpet that will need to be replaced occasionally. Any replacements and costs spent on upkeep might add to your floor’s initial cost. Remember that hardwood floors must also refinish every several years to restore their original shine.

Again, there are a lot of other factors to consider when it comes to your home’s resale value. If you are planning to sell soon and looking at where to make upgrades, it’s a good idea to talk to an experienced realtor to see where your money would be best spent to attract potential buyers. For example, even with beautiful, gleaming new floors, buyers may back out if you have a very outdated bathroom or kitchen. You’ll want to consider your home’s overall appearance when selling.

When selling, it’s important to consider all different aspects of your home to get the best bang for your buck. Hardwood is undoubtedly the best choice when it comes to increasing your home’s value with new flooring. Despite its initial investment, hardwood is the only flooring type to drastically affect the resale value of your home compared to other types.

About the author 

Ralph Kuehn

Ralph Kuehn is the President of Champion Floor Company in St. Louis and has been in thee flooring industry for over 35 years. He has experience with everything related to flooring, from installation to estimating and sales. He is proud to work with his 2 daughters who are also part of the flooring industry, and share his passion and knowledge of flooring with them.

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Debra Martin
Debra Martin
2022-09-29
Champion floor company did an amazing job with the floors in my 120 year old home. The floors did have some damage and they managed to make them look beautiful. They were so easy to work with, they answered all my questions, were professional and treated both myself and my home with respect. I would highly recommend this company .
Steve Brewer
Steve Brewer
2022-09-06
Marc and team have done work for me twice now, both times they absolutely crushed it! Our flooring looks amazing. I highly recommend Champion Flooring for your next project.
Scott M Benson
Scott M Benson
2022-07-08
Champion refinished our existing hardwood floors as well as put in new in a larger area of the house. They did a great job and I would highly recommend them.
WegotTheBOMB
WegotTheBOMB
2022-06-22
Recently had carpet replaced in my family room. Champion was the only company willing to work within my time frame. I am a bit of a tough customer and expect a square job for my dollar and Champion exceeded those expectations. The installer was incredible and really put in the effort with the details to complete a perfect job. I could not be more impressed with this new carpet. THANK YOU SO MUCH!
Brian Bakala
Brian Bakala
2022-06-21
Champion Floor did an excellent job of refinishing the wood floors in my new home. Its amazing how much of an improvement it has made in the appearance of the house. Going from dark and dingy to bright and warm at the same time. I cant recommend them enough,
Susie Joffe
Susie Joffe
2022-05-13
The best people to work with. They help from the beginning to end and then make sure you're happy. Kim is so helpful and her installation staff is great to work with. I will only shop here for flooring.
Vinny Ferrari
Vinny Ferrari
2022-04-07
The floor project on our new home turned out GREAT! … but, not a surprise. Champion Floor Company did two other great jobs on our current home over the last few years, so we knew we had chosen wisely. A few things we really appreciate: 1. Ralph assessed the job and a fair bid was created — all in a timely manner. 2. Mike called to schedule; sent an email and stuck to it. 3. Saib led the work at the house, arriving on time each day, completing the estimated work, and communicating with us throughout the process. Champion Floor Company is fair, planful, reliable, and the resulting work is spectacular.
Linda Kram
Linda Kram
2021-09-30
Dennis and the team did an awesome job. They were prompt, and they repaired and refinished the floors beautifully. I would definitely use them again. I love the color!!