Can you really recover more of your costs by refinishing hardwood floors than if you added a new bathroom?

Yes, according to NAR’s 2022 Remodeling Impact Report.

The report compares value-added estimates from REALTORS® to cost estimates from the National Association of The Remodeling Industry (NARI).

A homeowner who refinishes hardwood floors for $3,400 may recover $5,000 when the home is sold—a 147% return on investment. A homeowner who spends $80,000 to add a bathroom may only recover $50,000 at closing—a 63% return.

Two of the three interior projects that break even or better are flooring related: refinishing hardwood flooring (147%), adding new wood flooring (118%), and upgrading insulation (100%).