efx Flooring™

Business Flooring Installer Boyertown, PA United States

About efx Flooring™

Established in 2008, EFX Flooring™ is a full licensed, fully insured, experienced, dependable, trustworthy, and conscientious flooring installation contractor. ...

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Members

  • Eric Schock - owner, operator

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Naturally Aged Flooring Coretec Floors Derr Flooring

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Press

Can hardwood flooring improve the resale value of your home? Do wood floors have a strong Return on Investment? Absolutely! Hardwood floors can help sell your home faster and for more money. Why? Because hardwood flooring is the preferred flooring choice and it improves the value of your home. And, if you don’t believe me, ask any realtor, and they’ll tell you the same thing. In fact, a majority of real estate agents surveyed by the National Wood Flooring Association said houses with hardwood flooring are easier to sell, sell for more money, and sell faster. And, a study of home buyer preferences by USA Today using data from the National Association of Realtors found that the majority of home buyers were willing to pay more for a home with hardwood flooring, especially among buyers under the age of 55, and it seems to be especially important (and often expected) in homes in cooler to mid range climates (i.e. Northeast, Mid Atlantic/most of east coast, Mid West). And, according to an unscientific poll on my website, over 90% of people prefer hardwood floors for their main living space (i.e. living room, dining room, family room). I often have people ask me about the Return on Investment (ROI) for hardwood floors, and I’m going to tell you that it’s flat out near impossible to find accurate and recent data for this. Virtually all of the Home Improvement ROI studies don’t include hardwood flooring as one of their projects (I have no idea why that is, but I find it kind of annoying because I’m pretty sure the ROI is very strong.) Perhaps they don’t include it because it’s just too challenging for them to measure (especially in our area where so many of the houses already have hardwood flooring) or it could be because hardwood flooring is in such demand that’s it’s either refinished or added as soon as someone buys a new home…and hence, they are far away from selling their home (and may not sell the house for another 20-30 years and by then, so many other home renovations have occurred and of course the market has changed as well.). I have seen anecdotal reports estimating that the ROI probably ranges from 90% to 250%, but I’m not sure if these estimates have real or just perceived data behind them. (Bear in mind that most improvements do NOT net you a positive return…kitchen and bathroom remodels generally only give you a 60-75% ROI). Please note that improving value and return on investment are 2 different things. They often go hand in hand, but they are two different questions. 1. Does hardwood flooring improve t he resale value of your home? Yes, without a doubt. How much? That I can’t tell you. 2. What is the return on your investment? This is the golden question and there aren’t good data available. But, most likely it is positive (and very positive, and probably one of the smartest investments you can make on your home). And, it appears to provide a higher return than most other remodeling projects (such as additions, kitchen and bathroom remodels). And, as you’ll see, you’ll have a much better return on hardwood vs most other flooring surfaces. The trend towards hardwood flooring keeps growing year after year. Not only has it become more stylish (and more affordable), but also as allergies and asthma are on the rise, the number of home buyers requiring hardwood has increased. Hardwood flooring is a smart investment not only because hardwood looks beautiful and feels luxurious, but they are also easier to clean and they last a long long long time. In fact, most hardwood floors last well over 100+ years. (We’ve even refinished many from the 1800s and several from the 1700s). They are the real deal, and they are an authentic part of our lives and homes. Hardwood flooring adds more elegance and natural charm to virtually any room in the home. Aside from its genuineness, hardwood floors are visually warmer and radiate an aura of warmth and friendliness within your home. From traditional to contemporary, wood flooring offers style and versatility, allowing you to decorate and redecorate without having to perform costly renovations. While adding new hardwood floors will INITIALLY cost you more than carpet, in the LONG RUN, it will save you a lot of money. Carpet gets dirty and worn and needs to be replaced. Many replace carpet every 7-10 years. As a rule of thumb (and costs and assumptions will vary), hardwood flooring usually costs around twice as much as carpet. So, by the time you replace the carpet once, you’ve already spent at least as much as you did on hardwood (and that doesn’t even factor in that prices are rising over time…and rising more rapidly on carpet than hardwood (as carpet is petroleum based)). Nor does it factor in the improved value for your home if you add hardwood (vs. carpet does not improve the value of your home). For perspective, as a general rule of thumb, hardwood floors often cost 30%-50% more than laminate floors. Hardwood improves the value of your home much more than laminate (in fact, it’s not clear if laminate will improve the value of your home…and this may depend on the neighborhood…it may have a modest impact in lower end areas and may have no impact (or potentially negative impact) in high end areas. And, of course, hardwood floors will last way longer than laminate floors. While hardwood floors need to be periodically sanded and refinished, please note that this cost is significantly lower than the cost of replacing the carpet, and with carpet you also have annual carpet cleaning costs.

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