Is renovating a wood floor an expense or an investment?

Many people ask themselves this question when they're planning a new home. At the outset, you need to determine your needs by asking yourself the right questions. 1- Are you planning to live in the house for a long time? 2- For a few years and then buy something else? Or 3- Are you doing a "flip" and planning to sell it quickly?

Because in all 3 scenarios, a wood floor is an investment, not an expense. A wood floor is much more attractive than a floating or vinyl floor to potential buyers. And its value is taken into account when selling. But don't forget! The choice of wood is very important to make it an investment. Because it can easily become an expense. Let me explain! If you want to live in your house for countless years and spoil yourself with a walnut floor, when you sell it, the valuation will be that there's wood. But you won't get back the price you paid for a more expensive floor. In question 2, if you're planning to resell in a few years' time, a more affordable wood such as red oak, maple, white oak, ash and cherry should be prioritized! For option 3, the aim is to make a quick return on your investment. Wood is always a plus for a buyer. So a choice of wood on liquidation, as at our annual sales ;), is to be recommended! But for all 3 options, at Plancher 2000, you'll find what you need!