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? While there is no blanket answer to this question, understanding the important differences between hardwood and softwood flooring can help a lot. From there, you would know which type would work best for your rental property in John Island.
We typically picture traditional oak planks when we think of hardwood floors since that is what makes up the vast majority of wood flooring. But oak is not the only hardwood choice you have. 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. Besides oak, the most common 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, the name of this flooring originated from the increased tendency of the wood to show dings and dents. The most well-known types of softwood floors are made from pine and fir, but options like cedar, hemlock, and cypress are also available.
For some rental properties, choosing either hardwood or softwood floors depends on what kind of rental home you’re going for. For example, a traditional hardwood floor may draw a certain type of renter, or it could also bring your rental home up to the same level as other homes of similar style. So, rental homes in upscale areas can benefit greatly from this because of the beauty and durability of a hardwood floor. With softwood flooring, it gives a property an appealing rustic charm. This is a huge benefit in areas where tenants are looking for that aesthetic.
There are also some long-term benefits with a hardwood or softwood floor. Hardwood floors can help you avoid replacing carpet every five years, and it also requires minimal maintenance to keep it in good condition. Softwood flooring is often less expensive, helping you create the custom interior you want 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. It really is a significant investment especially if you also include the cost of professional installation. That investment may not always be recouped right away. Sometimes, it takes years before a hardwood floor pays for itself.
What’s more, if hardwood floors are not in high demand in your area, you may not see much of an increase in either property value or rental income. However, softwood can get damaged quite easily, making this 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 can be a bit difficult to figure out which one best suits your property. 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.
When you know exactly who you want to rent to, how you want to position your property compared to the others in your area, and how much you’re willing to spend to invest in upgrading the home, you will be better equipped to decide on the flooring that is right for you. If you want to know more about how we can help you with your John Island property management journey, don’t hesitate to contact us online or call us at 828-342-9683.
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