Did you know that the hardwood flooring industry accounts for almost $8.5 billion of the US economic output? Those are huge numbers, and they show just how lucrative the business is.
The bottom line is people love their hardwood floors.
If you consider ripping up your old carpet and installing a hardwood floor of your own, you are not alone.
Keep reading to find out what you are looking at regarding the average cost of hardwood floors and how to add a little more beauty to your home.
What’s the Average Cost of Hardwood Floors?
Most hardwood floor installation companies charge based on square footage. Depending on the labor and material fees, you are looking at about $6 to $12 per square foot.
Hardwood floor prices fluctuate depending on the type of material you use and how much space you have to floor, but the national average cost of hardwood floors is around $4500.
In total, you can expect most projects to cost somewhere between $2500 and $6000.
What Types of Flooring Materials Are There?
There are many hardwood flooring options on the market, and depending on the one you choose, it will affect the overall price. The color, grain, material used, plank width, and pattern can all make the price go up or down.
Color and Grain
Picking the color and grain of your wood will be based on your preference. If you want a lighter type of wood, you want to go for something like ash.
Are you interested in something a little bit darker? Think mahogany, which tends to be a little more expensive than some other types of wood on the market.
The grain of the wood can also affect the price. Plain-sawn planks are some of the most affordable, while quarter-sawn can be on the more expensive side. Certain types of wood will also have a particular kind of grain, so keep that in mind when choosing.
A complicated hardwood flooring pattern can increase labor fees substantially. Want a herringbone pattern? You are going to have to pay almost 30% more in installation fees.
Stick with something simple, and you won’t have to worry about this additional cost.
How Thick Are the Boards?
The standard thickness of flooring is about 3/4-inch. The cost tends to go down as you get thinner, and you can find boards that are as thin as 5/16-inch, but you don’t want these if you are planning on refinishing your hardwood floors at any point.
Engineered or Traditional Wood
Traditional wood has been used as hardwood flooring for years. It’s solid and hearty. You can sand it down multiple times and not have it be an issue. The only thing is, traditional wood can be more expensive than the other options on the market.
Engineered wood looks fantastic and functions in many of the same ways as traditional wood. Wondering what it really means to use engineered wood? Engineered wood has a plywood base that’s been coated in many layers of finished wood veneer, or in some cases acrylic infused hardwood.
Though engineered wood tends not to last as long as traditional hardwood, it’s less expensive and is still a fantastic-looking, viable option for homeowners looking for that hardwood look.
The Benefits of Installing Hardwood Floors
Installing hardwood floors is definitely an investment, but the price is worth it for all of the benefits you get. Let’s take a look at some examples.
Better Air Quality
Carpet attracts dust, dirt, pollen, and many other things that can do some severe damage to the air quality in your home. Hardwood floors don’t attract these allergens in the same way.
Compared to tile and other types of floor, hardwood still wins out because you don’t have to worry about dirt and grime collecting in the grout.
Easier to Clean and Maintain
Hardwood is one of the easiest types of flooring to clean. The only cleaning items you need to use are a broom, vacuum, and maybe a mop. You can steam clean them if you wish.
This type of floor is also resistant to stains, and the collection of dust is easy to take care of.
Add Value to Your Home
If down the road you might consider selling your home, hardwood floors can increase its value. People on the market for a house will pay more for one with hardwood floors over carpet.
Potential buyers see carpet as a burden, and like they’ll have to be moving in and dealing with the previous owner’s dirt and debris. Houses with hardwood floors are not viewed in this way.
Cost-Effective in the Long Run
Hardwood floors last a very long time, and they are less likely to be damaged or stained than some of the other options on the market. Though it might seem like they are a more expensive option, the long-term benefits outway the short-term cost savings of picking a different type of flooring.
Are You Ready to Install Hardwood Floors?
Now that you fully understand the average cost of hardwood floors, are you ready to make the investment that can provide a ton of benefit to your household?
Hardwood floors are attractive and easier to maintain and care for than tile and carpet. Whatever material you pick, the results will be beautiful and last a lifetime if cared for properly.
Want more advice about home and decor? We have a whole entire section on our blog dedicated to making your house a home. Check it out for some fantastic ideas.
Read More: How to Install Hardwood Flooring?