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Is it cost-effective for home owners, builders and renovators to select wood flooring over less costly materials?

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Is it cost-effective for home owners, builders and renovators to select wood flooring over less costly materials?

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Yes! Residential real estate agents say homes with wood floors hold their value better, sell faster, and fetch higher prices, according to a recent nationwide survey commissioned by the National Wood Flooring Association (NWFA). By a three-to-one margin, real estate agents said that a house with wood floors would sell faster than a carpeted house. Some 58 percent said a house with wood floors would bring a higher price. “There is a perception today that they don’t build homes like they used to,” according to one Pennsylvania agent. “So when people see hardwood floors instead of carpet-covered plywood, they feel the entire house was built with superior building materials.

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