It is surprising to see just how much flooring can impact property values. Flooring is often one of the biggest influencers when it comes to resale values. This is mostly because modern buyers prefer properties that are ready to move into and a suitable floor certainly does make it easier to move in and set up a house in a flash.
Any good quality, durable, and visually pleasing floor is bound to increase your property value quite a bit. Timber flooring is, however, one of the floor types that will have the biggest positive impact on your resale value.
In this guide, we are going to take a look at exactly why wooden floors are so helpful when it comes to maximizing your property value.
Top Floor Types for Increasing Property Values
You might be curious about the floor types that can increase your property value the most or how wooden floors compare to others. Here is a quick list of the top-floor options to enhance your home’s value.
01. Hardwood Floors
Hardwood flooring is the floor type that has the biggest impact on your home’s property value. These floor materials can offer a return on investment (ROI) of 70 to 80% and increases your property resell value by 2.5%. While the ROI is quite astonishing, these floors can be expensive to install since natural hardwood is becoming a rare find.
02. Engineered Wooden Floors
Engineered timber takes second place and offers an ROI that is very close to that of hardwood flooring. With an ROI of over 70% and much more affordable installation rates, this certainly is a good option if you want to boost your property value. Some property owners tend to lean more towards engineered timber flooring because they are more water-resistant compared to traditional hardwood floors, making it the more durable solution.
Why Timber Flooring Increases Property Values
Wooden floors are a bit more vulnerable to moisture damage compared to tile and stone floors. So why do people still favour these floor types above all others? Let’s take a look.
01. Popularity or Demand
Wooden floors are extremely popular at the moment. The earthy natural tones are trending all over the world to the point where tile floor manufacturers have even started mimicking these floors with their wood-look ceramic tiles. It is the floor type that is highest in demand across various countries.
02. Durability
These floor types tend to increase property values because they are so durable. Buyers know that they will get many years of functionality. With engineered timber floors, there will be no need to replace your floor for the next 20 to 40 years.
03. Comfort
Wooden floors are easier to clean compared to carpets and offer more comfort compared to tile, stone, polished concrete, or other hard floor surfaces. Even though the floors have an easy-clean smooth surface, they are not as hard or chilly to the touch during winter and are still much cooler compared to carpets during summer. The level of comfort these floors provide is one of the main reasons so many love this floor type.
04. Energy Saving
Wooden floors are more energy-efficient than any other floor type. These floors will naturally insulate your home which reduces your energy bill throughout the year.
05. Sustainability
Because wood is a renewable resource and engineered timber can be recycled, it is the ultimate eco-friendly flooring solution.
Professional Wooden Floor Installation in Melbourne
Wooden floors or engineered timber flooring is a great selection if you want to boost your property value or enhance home comfort. At Wooden Floors Melbourne, we supply and install high-quality engineered timber floors. We invite you to call us if you are interested in these floors or want to find out more about our colour range.