{"id":2524,"date":"2008-08-06T22:18:00","date_gmt":"2008-08-07T02:18:00","guid":{"rendered":"http:\/\/legacy.wideplankflooring.com\/?p=855"},"modified":"2024-02-14T09:15:05","modified_gmt":"2024-02-14T14:15:05","slug":"investing_in_a_wide_plank_hardwood_floor","status":"publish","type":"post","link":"https:\/\/wideplankflooring.com\/blog\/investing_in_a_wide_plank_hardwood_floor\/","title":{"rendered":"Investing in a Wide Plank Hardwood Floor"},"content":{"rendered":"

Wise investment isn\u2019t limited to the trading floor of Wall Street.\u00a0 According to realtors and designers across North America, hardwood flooring adds to a home\u2019s value as well as its charm.\u00a0 Aesthetics and economics converge, and the homeowner reaps the benefits.<\/p>\n

It\u2019s clear as to what a hardwood floor can bring to a space in terms of warmth and style.\u00a0 The Denver Business Journal reported<\/a> that Colorado designers and homeowners are opting for more hardwood flooring than ever, as it is seen as \u201ctimeless,\u201d \u201cclassic,\u201d \u201celegant,\u201d and \u201cadding style to any living area.\u201d\u00a0 The DBJ was also quick to note the accompanying increased resale value of a home with a hardwood floor.\u00a0 Home d\u00e9cor columnist Rose Bennett Gilbert<\/a> of the San Diego Union-Tribune and RealEstate.com\u2019s<\/a> renovation guide came to similar conclusions on the investment value found in hardwood flooring.<\/p>\n

Agent Brain Madigan of Toronto, with over 5000 real estate transactions to his credit, believes that hardwood floors are \u201cone of the few improvements that you can make to your house where the resale value may exceed the actual cost of the improvement. The return can easily amount to 150% to 200% or even more<\/a>\u201d\u00a0 Although Madigan\u2019s numbers represent a best case scenario, statistics from a 2006 National Wood Flooring Association survey of realtors further substantiate the value of hardwood floors.<\/p>\n

The NWFA survey found:<\/p>\n

99% of real estate professionals indicated that having hardwood floors either \u201cgreatly\u201d or \u201csomewhat\u201d aided a home\u2019s salability.<\/p>\n

90% of realtors suggested that homes with hardwood floors will sell for more money than homes with mostly carpet.\u00a0 (25% of the realtors stated that hardwood floors would add 6 to 10% to a home\u2019s resale value, while 12 % believed hardwood flooring would add more than 10% to the sale price.)<\/p>\n

82% of realtors believed that homes with mostly hardwood floors will sell faster.<\/p>\n

84% of home buyers who have lived in homes with hardwood floors are more likely to buy another home with hardwood floors.<\/p>\n

By choosing hardwood flooring when building or renovating, homeowners can add to the attractiveness of their house, something they will be able to enjoy every day.\u00a0 They can also view their floor as an investment:\u00a0 When the home is sold, that hardwood flooring will pay real dividends.<\/p>\n

(Survey results are available from The National Hardwood Floor Association:
\nhttps:\/\/www.woodfloors.org\/consumer\/contact.aspx<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wise investment isn’t limited to the trading floor of Wall Street.  According to realtors and designers across North America, hardwood flooring adds to a home’s value as well as its charm.  Aesthetics and economics converge, and the homeowner reaps the benefits.<\/p>\n

Learn more and access the survey today.
\n <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[97],"tags":[],"class_list":["post-2524","post","type-post","status-publish","format-standard","hentry","category-flooring-basics"],"acf":[],"yoast_head":"\nInvesting in a Wide Plank Hardwood Floor - Carlisle Wide Plank Floors<\/title>\n<meta name=\"description\" content=\"Explore the economic and aesthetic advantages of wide plank hardwood floors. 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