Investing in hardwood floors
Categories: Hardwood Floors | May 17, 2016
Your home is not only a place where you live it is also an investment. Although enjoying your current home is important, you’ll also want to be making the right improvements and upgrades that will offer the best return. Hardwood flooring is one of the best ways that you can do this.
Lifespan of hardwood floors
When it comes to choosing flooring, hardwood offers the best life span of flooring choices, easily lasting upwards of 80 years. This lifespan is an important figure to consider when installing new flooring. If you are expecting to live in your home for an extended period of time you may end up replacing vinyl or laminate flooring a couple of times where the hardwood would outlast them both. Compare the one time cost of installing hardwood and the cost of multiple installations of vinyl or laminate.
Other costs to consider would be a durability of the flooring. Hardwood is much stronger and durable you will likely be doing fewer repairs on hardwood floors than any other. Hardwood floors will look great in the long run and can look great even after years of wear.
Return on investment
If you are looking to increase the resale value of your home, hardwood flooring can offer a 1.5 to 2 times return on investment. Replacing hardwood flooring in critical spaces in your home can help to increase your houses price and put more cash back in your pocket. Of course this all depends on your renovation budget and what you are able to spend. Sometimes laminate may be the best options for you and can still offer a positive return on investment, just not as high as hardwood floors.
If you are interested in weighing the pros and cons of installing hardwood floors in your home, come chat with us at Kingston Flooring. Our flooring experts will help you to determine what type of costs you are looking at and provide you with the information to make the best decision for your situation. Visit us at our Abbotsford showroom or call us at 604-852-0951.