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In an interview provided by FCNews.net,&nbsp;<a href="https://www.linkedin.com/in/bryan-park-50b38987/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nar-hardwood-projects-provide-highest-roi-2719854" target="_blank" rel="nofollow">Bryan Park</a> of&nbsp;<a href="https://footprintsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nar-hardwood-projects-provide-highest-roi-2719854" target="_blank" rel="nofollow">Footprints Floors</a> corroborated this information and provided additional insight.“Kitchens and bathrooms are often the first&nbsp;A study by the National Association of Realtors (NAR) found that the cost value of refinished or new wood floors has a greater cost-to-return ratio than other home renovations.&nbsp;Specifically, NAR found that by refinishing wood floors, there was a return of 147% when anticipating the future sale of said home. The figures provided by NAR were that if a homeowner invested approximately $3,400 into refinishing the flooring for their home, they would receive back approximately $5,000 upon selling. Similarly, installing new wood floors had a return of 118%. If a homeowner invested $5,500 into new wood floors, they would recoup $6,500.&nbsp;This survey information is invaluable for retail sales associates (RSAs) as they can stress to customers that while flooring may have a hefty price tag, the return on investment is financially and emotionally worth it. Customer surveys found that after completing their wood flooring projects, they had a greater desire to be home, greater enjoyment while being home, and it gave them a sense of accomplishment.&nbsp;rooms to get a remodel, but investing in flooring can pay dividends for years to come,” said Park. For comparison, a kitchen only has a 67% return on investment.&nbsp;Read the full article&nbsp;<a href="https://www.fcnews.net/2022/09/nar-hardwood-projects-provide-highest-roi/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nar-hardwood-projects-provide-highest-roi-2719854" target="_blank" rel="nofollow">here</a> at FCNews.net.

NAR: Hardwood Projects Provide Highest ROI

1851 Franchise

Dollar-for-dollar, wood floors are worth the investment, according to NAR and Footprints Floor.


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