Does Refinishing Wood Floors Increase Home Value in Kirkland, WA?

Refinishing wood floors in Kirkland, WA, can indeed be a wise investment to increase your home's value. Let's dive into how this home improvement can pay off:
Refinishing Wood Floors Kirkland WA

Improved Aesthetics

Refinishing your hardwood floors can transform a dull, worn-out surface into a visually appealing one. This can significantly enhance the overall look of your home, making it more attractive to potential buyers
Hardwood Floor Renovation ROI

Increased Longevity and Durability

Hardwood floors are known for their durability. Refinishing them can extend their lifespan, making them more resistant to wear and tear. This aspect of durability is often an appealing selling point for homebuyers​
Home Improvement Hardwood Floors

Cost-Effective Home Improvement

Compared to other home improvement projects, refinishing wood floors is relatively cost-effective and can yield impressive results. It's often less expensive than replacing the entire floor
Hardwood Floor Resale Value

Broad Appeal

Hardwood floors have a timeless appeal, and many homebuyers, especially younger generations, prefer hardwood flooring over other types like carpet or tile. Refinishing your wood floors can increase the likelihood of appealing to a wider range of potential buyers​
Hardwood Refinishing Investment

Return on Investment (ROI):

Refinishing hardwood floors in your home can be a smart investment. The return on investment for hardwood floors is estimated to be between 70% and 80%. For example, if you spend $20,000 on hardwood floors, you can expect to see an increase in the sale price of your home between $14,000 and $16,000. However, this ROI is contingent on the house's overall condition and the type and design of the hardwood floors
Hardwood Aesthetics Home Selling

Overall Increase in Home Value

It is estimated that hardwood floors can add up to 2.5% to your home's value. While many buyers appreciate hardwood flooring, it's important to note that other updates to the house are also necessary to maximize the value increase
Kirkland Hardwood Floor Appeal

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Hardwood Aesthetics Home Selling

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Written on
March 18, 2023
by Block

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