Hardwood floors have always been a popular choice for homeowners looking to add style and durability to their living spaces. However, with advancements in technology, engineered hardwood has become an increasingly popular alternative. But what impact does installing new engineered hardwood have on the resale value of your home?
First, let’s define engineered hardwood. Unlike traditional hardwood, which is made entirely from solid wood, engineered hardwood is made by bonding several layers of wood together, with a thin layer of hardwood on top; This construction method gives engineered hardwood several advantages, including increased stability, resistance to moisture, and easier installation.
When it comes to resale value, the impact of new engineered hardwood floors can be significant. According to a survey conducted by the National Wood Flooring Association, 99% of real estate agents agree that homes with hardwood floors are easier to sell, and 90% say they sell for more money. Engineered hardwood floors offer many of the same benefits as traditional hardwood, making them an attractive option for potential buyers.
One advantage of engineered hardwood over traditional hardwood is its cost. Because it uses less solid wood, it can be significantly less expensive. This makes it an ideal choice for homeowners looking to add the look of hardwood to their home without breaking the bank. Additionally, the increased durability and resistance to moisture, such as basements or bathrooms.
Another advantage of engineered hardwood is its ease of installation. Because it is made in layers, it can be more stable than traditional hardwood, meaning it can be installed over a wider range of subfloor types. Additionally, some types of engineered hardwood can be installed as a floating floor, which means they can be laid directly on top of existing flooring without the need for a complete removal and replacement.
Overall, the installation of new engineered hardwood floors can have a positive impact on the resale value of your home. Not only does it offer many of the same benefits as traditional hardwood, such as increased style and durability, but it also offers cost savings and ease of installation. When it comes time to sell your home, potential buyers are likely to be impressed by the addition of new engineered hardwood floors, making it a worthwhile investment for any homeowner looking to increase their home’s resale value.