Whether you’re thinking of selling your home in the near future or ten years down the line, you’ll benefit from considering a few ways in which you can increase the value of your home. Small, well-coordinated home improvements will ultimately help you get the most for your home when, and if, you do decide to sell.
While real estate experts spend countless hours trying to determine the best ways to increase a home’s value, flooring is undoubtedly a regular consideration. Your home’s floors will be one of the first things interested buyers will notice when they arrive for an open house.
At Smith Bros, we’ve been providing quality hardwood flooring solutions for residents throughout Calgary for more than 100 years. Our continued success is based on understanding each client’s individual needs and giving them the tools to make the best flooring selection possible.
If your home’s flooring is outdated, or you can no longer stand looking at stained carpet on a daily basis, it might be time for an upgrade. Replacing carpet, tile, or linoleum with quality hardwood flooring can add significant value to your home.
Appraised Value vs. Perceived Value
While many estimates vary, some maintain that installing high quality hardwood flooring can boost your home’s value by as much as 15 percent. Even if this happens to be a slight overestimate, there is little doubt that installing new hardwood floors will increase the ‘perceived’ value of your home.
Perceived value is important because it corresponds to the value your home maintains in the eyes of the potential buyer. The little things that make your home feel more luxurious and desirable easily boost perceived value, and while they may not factor into your home’s appraised value, they will certainly help your home sell more quickly. It can also improve your ability to sell closer to your desired asking price.
Value Benefits of Hardwood Floors
Although you’ve undoubtedly seen many homes furnished with beautiful hardwood floors, you may still be wondering what all the fuss is about. For starters, hardwood floors are actually more affordable than you might think, especially when compared to granite, premium carpets, and other flooring materials.
In addition, hardwood flooring is much more durable than its’ counterparts. When properly maintained, quality hardwood flooring can last more than 100 years, and speaking of maintenance, hardwood floors actually require much less regular work than carpet. Most hardwood floors simply require regular vacuuming and a thorough polishing once every few months.
If your home struggles to keep heat in, hardwood floors can be an added benefit. Hardwood flooring is a great insulator because wood planks contain thousands of tiny air chambers that hold in heat. In fact, hardwood floors can also keep your home healthier, as they do not breed mold, mildew, or dust mites like carpet.
If you’re thinking about ways to add value to your home, installing new hardwood flooring is one of the easiest and most cost-effective ways to do so. Please don’t hesitate to give the team at Smith Bros a call at 1-403-255-7791 to discuss your flooring options today!