So hopefully some realtors or property appraisers here that can shed some light on the actual "value" of hardwood vs engineered laminate or vinyl plank.
Mid-range 1/1 condo. Has genuine hardwood in the main living areas with carpet in the bedroom and stone tile in the bathroom and laundry. Floors are original from 2001 and are beat to [censored], I snagged the condo because the people who put an offer on it right before me were scared off by the condition of the floors. They are fully functional just really banged up. On top of that my elderly dog who has started having some incontinence issues in her older age has now caused some damage in 3 favorite pee spots she always goes to - she won't be with me much longer and new floors will not be put down until she crosses over to her new life.
Everyone is telling me I am crazy for contemplating ripping them up and laying down a new floor but opting for a lower cost engineered laminate or vinyl plank system. I have looked into the refinishing of the existing floors and found I would have to temporarily relocate for the project for possibly up to 5 days, then even after moving back be fighting dust and the coating smells for some time afterwards. It just seems like such a huge ordeal.
Most of the same floorplan units around here I have seen go on the market all have pretty much been engineered laminate or vinyl plank, I honestly don't know if I have seen one with genuine hardwoods. They command market value prices (Mid-high $160k) and go under contract within days/weeks unless the owner is asking stupid pricing for a unit that has not been updated.
Is the perceived value of genuine hardwood worth the hassle of a full refinishing (complete sand down and refinish)? I am planning on selling in ~1-2 years if the housing market stays on course so slowly but surely have been updating as funds allow.
Mid-range 1/1 condo. Has genuine hardwood in the main living areas with carpet in the bedroom and stone tile in the bathroom and laundry. Floors are original from 2001 and are beat to [censored], I snagged the condo because the people who put an offer on it right before me were scared off by the condition of the floors. They are fully functional just really banged up. On top of that my elderly dog who has started having some incontinence issues in her older age has now caused some damage in 3 favorite pee spots she always goes to - she won't be with me much longer and new floors will not be put down until she crosses over to her new life.
Everyone is telling me I am crazy for contemplating ripping them up and laying down a new floor but opting for a lower cost engineered laminate or vinyl plank system. I have looked into the refinishing of the existing floors and found I would have to temporarily relocate for the project for possibly up to 5 days, then even after moving back be fighting dust and the coating smells for some time afterwards. It just seems like such a huge ordeal.
Most of the same floorplan units around here I have seen go on the market all have pretty much been engineered laminate or vinyl plank, I honestly don't know if I have seen one with genuine hardwoods. They command market value prices (Mid-high $160k) and go under contract within days/weeks unless the owner is asking stupid pricing for a unit that has not been updated.
Is the perceived value of genuine hardwood worth the hassle of a full refinishing (complete sand down and refinish)? I am planning on selling in ~1-2 years if the housing market stays on course so slowly but surely have been updating as funds allow.