The Value of Refinishing Hardwood Floors

Refinishing hardwood floors can increase your home’s value by several thousand dollars, often yielding a return on investment (ROI) of 70–80%, and in some cases even higher depending on market conditions. The experts at Providence Hardwood Flooring take pride in their refinishing skills and knowledge. Learn more about our hardwood refinishing and installation services.

Value Impact of Refinishing Hardwood Floors

• Average value increase: Refinishing hardwood floors can add around $2,000–$3,000 to your home’s resale value, depending on the size of the area refinished and local market demand.

• ROI potential: The National Association of Realtors (NAR) has reported that homeowners often see 70–80% ROI on refinishing projects, and sometimes even more if the floors were in poor condition before.

• Buyer appeal: Hardwood floors are consistently ranked among the most desirable features for buyers. Freshly refinished floors can make a home look newer, cleaner, and more move-in ready, which can help it sell faster.

• Comparison to installing new hardwood: Installing brand-new hardwood floors can add about $6,500 in value on average, but refinishing is far less expensive and still delivers strong returns.

• Market variations: In higher-end markets, buyers may expect pristine hardwood floors, so refinishing can have an outsized impact. In more budget-conscious markets, the ROI is still strong but may be slightly lower.

Why Refinishing Works

• Visual transformation: Floors often dominate a buyer’s first impression. A fresh finish eliminates scratches, dullness, and discoloration.

• Cost efficiency: Refinishing typically costs $3–$8 per square foot, much less than replacing floors, making it one of the most cost-effective upgrades.

• Psychological effect: Buyers often equate shiny, well-maintained floors with a home that has been cared for overall, boosting confidence in the property.

In short: Refinishing hardwood floors is a smart, cost-effective way to boost home value and buyer appeal without the expense of full replacement.