Refinishing hardwood floors adds resale value and contributes to homes selling quicker and often for more money. That is because hardwood floors are the preferred flooring choice among prospective home buyers now more than ever before and homeowners who make the smart choice of offering wood floors reap the benefits.
It’s a well-known fact that updating and making improvements to your home increases the resale value – remodeling kitchens and bathrooms often adds an increased value of 60 to 75% positive return. But that’s a drop in the bucket to what the value of having hardwood floors can add. As the trend toward hardwood floors keeps growing, the number of home buyers who want them has increased.
Hardwood floors are a smart investment not only because they look beautiful and feel luxurious, but they are also easier to clean and they last a very long time. Most hardwood floors last well over 100 years. Many homes built in the 1800s, and even some from the 1700s, have hardwood floors that are sound and beautiful. Wood floors are more stylish and don’t aggravate allergies and asthmatic conditions like carpet does. Refinishing hardwood floors can restore their original beauty for many more years to come.
Note: A hundred years of humidity fluctuations can cause wide gaps between the boards. Filling the gaps can alter the floor’s appearance by making it glaringly obvious they have been damaged, and they are unattractive. It is better to refinish than to patch your wood floors.
Whether your home has had wood floors for years, or you have just discovered them hiding beneath old carpeting, hardwood floors can be an exciting find. Old farmhouses, for example, originally boasted hardwood floors, and many have been beautifully restored. A different approach must be taken when refinishing hardwood floors from some older homes.
Hardwood floors were abundant in the early 20th century.
The wood is usually of a very high quality.
Vintage hardwoods are harder than contemporary woods.
Older homes, especially, require a lot of finesse and skill and the right methods to avoid irreparable damage. The first order of business is to make a careful visual inspection of the floors. This will save you from a lot of trouble and heartache in the long-run because mistakes can have serious consequences. Homeowners should treat their hardwood floors as a high-value asset to their home.
Note: Sometimes older floors are thin or are cracked on the edges and sanding them again might break the boards. Floors that have been hidden under carpeting a long time can be warped or curled. Water damage or exposure to sunlight can also cause irreparable damage to the floors. In some cases, it may be necessary to just tear them out and install new floors. The experts at Armstrong-Citywide can help you to determine whether or not your hardwoods can be restored or need to be replaced.
Hardwood flooring initially will cost you almost twice as much as carpet would – sometimes as much as 30 to 50%, but when selling your home, it will actually make you money by increasing your home’s value. Even though carpeting is less expensive up front, it has to be replaced frequently – usually every 5 to 10 years. By the time you replace the carpet even once, you will have already spent at least as much as you would have on the hardwood. Factoring in the improved value to your home by adding or refinishing hardwood floors instead of carpet or tile, makes it the best choice for homeowners.
Note: An additional short-term benefit of refinishing hardwood floors is it gives homeowners some tax benefits. Hardwood floors are considered a capital improvement, and therefore the sales tax is lower (it varies by state, but most states impose a tax on the material). For carpet, you are required to pay taxes on the full amount.
There is also the potential long-term benefit on your taxes because hardwood flooring is a capital improvement project. When you sell your home you may be able to reduce the capital gains tax by having wood floors.
When replacing the old finish it needs to be done right. This process repairs major damages such as deep scratches, discoloration, and fading. The entire process only takes a few days from start-to-finish but will have lasting results. It requires special equipment and experience. Doing it yourself means you have to rent the equipment, and if you don’t know what you’re doing, you can do more harm than good. By choosing professional help, you are protecting your investment and saving money overall. It is the most cost-effective way to rejuvenate your floors.
We have been refinishing hardwood floors in the greater Kansas City area for more than 30 years. We have everything we need to do the job and do it well. Our Bona Certified Craftsmen have the expertise that you can rely on. We work all over the metro taking care of hardwood floors; we are the best of the best hardwood floor companies in the area. Call us today at 816-765-7777.