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

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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