A National Wood Flooring Association (NWFA) survey of Residential real estate agents found that “homes with wood floors sell faster and fetch higher prices.” Overwhelmingly, the agents considered it more “cost-effective for home builders and renovators to select wood flooring instead of less-costly materials.” When you think about it, that makes perfect sense. A quicker turnover and higher selling price means a better ROI. An article in the St. Albert Leader (Hills, 2012) supports the notion of a sustained trend towards wood flooring. Jason Hills of Sun Media News Services quotes a recent flooring industry retiree as saying “A good hardwood floor will increase the value of your home, and I don’t think any other floor does that.” He went on to say, “You can spend $10,000 on (wood) flooring in that area in your home and the value of your home can increase that much or more because of it.” In effect, hardwood flooring pays for itself!
NWFA survey: http://woodfloors.org/applications.aspx