So you’ve finally decided to install hardwood flooring in your Vancouver home. But what kind, exactly? Hardwood is everyone’s favorite but it can be expensive. Some go for engineered hardwood, which are basically layers of plywood with a top layer of hardwood. And then there’s also synthetic laminate, which is a lot cheaper but looks very much like real wood. When you are still trying to determine which kind of wood flooring to choose, you should consider not only the cost but also your potential ROI.
Solid Hardwood Flooring
If you want to bring a WOW factor to your house, you can’t go wrong with solid hardwood flooring. But it also comes at a cost. You’ll pay around $7 to $14 per square foot, which is definitely a lot of money. In comparison, carpet only costs around $5 per square foot, on average.
But one thing you simply cannot overlook is the fact that having solid hardwood flooring is a sure-fire way to boost the resale value of your property. One study from the National Association of Realtors, which was published by USA Today found that 54% of real estate buyers were willing to pay more for a property with hardwood flooring. The Wood Flooring Association has also found that houses with hardwood flooring sell faster and for more money.
Unlike engineered products, real hardwood is easy to maintain and clean, and you can refinish it many times without damaging it.
The main selling point of laminate flooring is that it generally costs half what you would normally spend for hardwood. It costs around $5 to $8 per square foot and installation is also less tedious, which can further add up to your savings. Moreover, laminate is scratch-resistant, easy to clean and you can install it just about anywhere.
But the downside is that it is not as sturdy and will quickly show wear and tear especially if you put it in high traffic areas like your kitchen. It can’t be refinished or sanded, and will easily get damaged when exposed to standing water (another reason why you shouldn’t use laminate in your kitchen!).
Reasons to Choose Solid Hardwood
A lot of people who are making home improvements pick flooring based on price. Very few consider the return on their investment. But for smart homeowners who factor in the ROI, they often go for hardwood flooring.
The durability of solid hardwood floors is largely what makes it a good investment. Sure, the initial costs may put you off (because it can get really expensive!) but you also have to consider the fact that solid hardwood can last a lifetime, if you take good care of it. On the other hand, carpet can get stained and deteriorate after just 7-10 years. Laminate may be the cheapest option but it will only last a few years before it will need replacing.
Hardwood floors can add real dollar value to your property, and as what was noted in a study, many homebuyers are willing to pay more for a house with hardwood floors. Hardwood floors look nice in any home and they go with just about any decor. Plus, there are health benefits to using hardwood flooring (as opposed to carpet). People suffering from allergies are likely to suffer more with carpets as these can trap dust, pollen, and debris even if you clean it regularly.