How Wood Flooring Compares Economically to Other Floorcoverings

Are hardwood floors more expensive? Fact or Fiction

Per square foot, the initial price of hardwood floors is usually higher than other hardsurface floors. However, wood flooring becomes an excellent value over the long-term. Why? Hardwood floors never have to be replaced and will enhance or even increase the value of the home. Remember those 800-year old homes with original flooring?

According to the National Wood Flooring Association (NWFA) and residential real estate agents, homes with wood floors hold their value better, sell faster, and fetch higher prices. 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.