We know that there are differences in the aesthetics and functionality between hardwood and softwood floors. So which type should you get for your rental property? Before choosing one, make sure you understand the important differences between hardwood and softwood flooring. This information would make it a lot easier to reach a decision on which type of flooring would work best for your rental properties in Flower Mound.
When the phrase “hardwood floors” is mentioned, we typically picture the traditional oak planks. And that’s pretty accurate since that is what makes up the vast majority of wood flooring. But you aren’t limited to just oak. There are other hardwood options available. Hardwood comes from a classification of trees that are slow-growing with a complex structure. This is the reason why traditional hardwoods are so durable. Beyond oak, other popular types of hardwood used for floors include maple, birch, and beech, along with walnut and bamboo.
Softwood floors, while not as popular as hardwood, is something property owners can consider as an attractive option. Considered “soft” in relation to its hardwood counterpart, this flooring’s name comes from an increased tendency of the wood to show dings and dents. The softwood floors that are usually chosen are made from pine and fir, but options like cedar, hemlock, and cypress are also available.
For some rental properties, choosing between hardwood or softwood floors depends on what you’re going for. For example, a traditional hardwood floor may be attractive to certain types of renters. It can even raise the level of your home, making it similar to other homes of similar style and build. It would be advantageous for rental homes in upscale areas in particular. In these areas, tenants tend to prefer the beauty and durability of a hardwood floor. For softwood flooring, it brings an appealing rustic charm to a property, which is a huge advantage in areas where tenants like that kind of aesthetic.
There are also long-term benefits that a hardwood or softwood floor offers. Hardwood floors can help you avoid replacing carpet every five years, and with minimal maintenance should keep it in good condition. Softwood flooring is often less expensive, making it affordable for you to create a custom interior in your rental home for far less than you might expect.
Wood floors (of either variety) come with a few disadvantages as well. Hardwood can be very expensive, and if you add the cost for profession installation, it could really be a significant investment. That investment may not always be regained right away. Sometimes, it takes years before the cost of the hardwood floor is earned back.
If hardwood floors aren’t a feature people in your neighborhood are looking for, then you may not see much of an increase in either property value or rental income. On the other hand, softwood can be damaged quite easily. This makes it a poor choice for high-traffic areas like walkways and kitchens. Both hardwood and softwood floors are also susceptible to moisture damage, and may not work well in humid climates or flood zones.
Given both the pros and cons of installing hardwood or softwood floors, it’s not easy to figure out which flooring would be best for your rental home. But you can solve this with the right information. That means you need to know your target demographic, your local market, and your financial goals. And you need to know them well.
Having a thorough knowledge of your target demographic means knowing exactly who you want to rent to. Knowledge of your local market means knowing where your property stands when compared to others in your area. And knowing your financial goals connotes knowing how much you’re willing to invest in upgrading the home. When you have these three things, you will be better equipped to decide on the flooring that is best for you. Don’t hesitate to contact us online or give us a ring at 682-831-1300 to know more about how we can help you with your Flower Mound property management journey.
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