Refinished hardwood floors "add value" to the house but so does new carpet. The problem is, with both you have people that want one and not the other so either way you go you are limiting your market. If you are trying to "add value" so you can sell within the next 6 months or year, your best bang for the buck will be to escrow money for new flooring and let the buyer decide if they want refinished hardwood or carpet. Why limit your market? Let your house appeal to ALL types of buyers.
I put "add value" in quotes for 2 reasons. First, value means nothing unless you are selling and way too many people today dont understand that. Then again, I would choise not to undertand it too if Uncle Sugar was giving me money because I was underwater on my house. Second reason is because house upgrades never give you your money back, the best ones only give you 85 cents back for every dollar you spend. Losing 15% of your money, even in this Obummer economy, is a pretty bad investment. If you just want nice floors to walk on, go with whatever you want and forget the "adding value" part because in the end, refinished hardwood or new carpet are pretty close to the same.
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