Miranda Crace5 minute read
UPDATED: May 30, 2023
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It’s a thought that many homeowners with carpeted floors will have at some point: Should I get hardwood floors?
Hardwood flooring is a hot commodity in the real estate market.It can also be a beautiful addition to just about any home and can greatly increase your enjoyment of your home. However, there are some downsides to consider as well.
Would hardwood floors make a good addition to your home? Let’s consider some pros and cons of hardwood flooring.
The average cost of hardwood floors is around $4,500 to install. More exotic woods can be significantly more expensive, costing you upwards of $10,000, depending on the type of wood you use and the square footage you’re installing. However, keep in mind the future cost to refinish your hardwood floors.
For homeowners looking for cheaper flooring ideas, there are other engineered wood flooring options, like laminate, that can give you the same solid hardwood look for less.
Whether you decide to take the plunge and install hardwood flooring or not is going to be up to your taste and your home improvement budget. If you’re able to afford it and want a floor that is easy to clean and adds value to your home, it might be worth considering.
However, if you don’t want to deal with the upkeep that can sometimes come with having wood flooring, you might find that the high cost isn’t worth it or isn’t feasible.
If you really want wood flooring but are stuck on some of the cons, consider whether there are any workarounds that could make it worth it. If you’re worried about noise, you could have them installed only in your ground-level rooms and put down area rugs. If you don’t have the cash to tear up all your carpet and put down wood throughout your house, you could consider doing only one or two rooms, or looking into financing options.
A cash-out refinance is one of the most popular ways to fund home upgrades like hardwood floors. Cash-out refinances let you take the equity you’ve built up in your home and reinvest it in the home itself to increase its value to you and others. With hardwood floors being one of the most sure-fire ways to add resale value to your home, why not start the process to get a cash-out-refinance today so that you can get the flooring of your dreams?
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