Hardwood floor installation costs $6 to $12 per square foot on average, depending on the wood species, grade, thickness, and type. High-end wood flooring costs $12 to $23 per square foot installed. Installing unfinished wood flooring costs $2 to $5 per square foot more for finishing. Labor costs about 50% of the total project cost.
Hardwood floors increase home value and resale value by 2% to 5% on average. Installing wood floors has a 70% to 80% return on investment. Wood flooring increases home value better than all other materials.
Solid hardwood floors last 100 years or longer. Engineered wood flooring lasts 20 to 30 years for thin planks and 40 to 80 years for thicker planks. Both floor types need refinishing every 7 to 10 years to remove scratches, dings, stains, discoloration, and fading.
Hardwood flooring is made entirely of a solid wood species like oak, maple, or walnut. Engineered wood floors have a thin top layer of hardwood bonded over plywood, making them less expensive. Engineered wood floors may be refinished 1 to 5 times, while solid hardwood floors may be refinished 4 to 10 times. Other than refinishing, both types of flooring have similar benefits and drawbacks.
Engineered hardwood floors scratch just as easily as solid wood floors. Engineered wood floors have a top layer of real hardwood, giving them similar benefits and drawbacks. Engineered wood floors can be sanded and refinished to remove scratches.
Finding hardwood flooring contractors requires planning, researching, and asking questions. To hire the best:
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