The Average Cost of Hardwood Floors: A Guide for Homeowners

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Do you want gorgeous hardwood floors?

Hardwood floors have been a favorite of homeowners for decades. Many dream of someday having smooth, wooden floor panels. If this sounds like you, you’re probably excited about the thought of having beautiful new flooring.

But like everyone else, you have a budget.  You can’t afford to spend a fortune, and you need to know the average cost of hardwood floors.

Several aspects dictate the final price of flooring. Below, we’ve compiled a list of what you can expect when you purchase and install your new hardwood.

Keep reading to learn more!

Cost of Purchasing the Hardwood

So, how much do hardwood floors cost?

Choosing your preferred type of hardwood constitutes one of the most important parts of determining the ultimate hardwood floors cost. Depending on the type of wood you choose, the price per square foot fluctuates.

Some cost as little as $1 per square foot, but most will range from $6-$11.

Because of this, when considering which flooring to choose, you should first create a budget. While a few dollars extra per square foot might not seem like much on paper, it adds up to a significant amount.

Yet, you don’t want to settle for hardwood you don’t like. After all, even for small homes, hardwood flooring often costs thousands of dollars. So, determine your budget and do enough research to find attractive floors that fit your price range.

Installation Costs

In addition to the price of your hardwood, you need to pay people to install it.

Unless you have professional experience installing hardwood floors, you should hire professionals to do it. Even if you think you can save money ripping out your own flooring and putting in a new one yourself, you might end up making costly mistakes.

As such, you should always inquire about how much the company charges per square foot. Many will charge between $3-$5, but some are more expensive.

Typically, the cost of installation and the price of the hardwood are lumped together. So, if you have a $6 hardwood and a $3 installation, your final price will be $9 per square foot. If you’re in doubt as to whether or not a company prices their materials in this way, contact them to ask.

Determining the Cost of Hardwood Floors: Know Your Square Footage

Knowing the exact square footage of the area you want to cover helps you determine the final cost of hardwood floors.

Most flooring companies price their projects by square footage. The larger the area you want covered, the more expensive your final bill. That’s why a difference in just a few dollars per square foot can add up.

Think of it this way. The average home in the United States contains 2,301 square feet. Say you want 1,000 square feet of the home to consist of hardwood floors, and the company charges $1 for your type of flooring and $3 per square foot as an installation fee. That would mean your final cost would be around $4,000.

Many homeowners end up spending anywhere from $1,200-$11,100 on their projects, with the average person spending $4,213.

Are you buying a new home? Here are some things to know about your new flooring.

Are You Ready to Get New Floors?

Hardwood floors are among the most lovely home flooring types. Yet, they can be expensive, so you should consider the cost of hardwood floors.

In particular, you need to think about the type of wood you’d like. You should also consider the price of the installation company and the size of the space you want covered.

Are you ready for some more home advice? Check out more of our articles today!

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