What Determines the Price of Hardwood Floor?
For years, hardwood flooring has led the market among homeowners in the United States. It’s beautiful, elegant, and durable, making it ideal for just about any room in the home. What many homeowners don’t realize, however, are all the factors which can affect the price of hardwood floor. The average cost of hardwood floor in the U.S. is roughly $4,000 for a single home. The first thing to understand is that hardwood is priced by square foot. There is the cost for the hardwood itself, and then there are the additional costs of the installation.
Factors Affecting Cost of Hardwood
A lot of people don’t realize just how many different kinds of hardwood there are. We think of “hardwood” as being an entire category of wood in and of itself, which is simply not the case. The species of wood you choose can have a big impact on your price. The least expensive options include pine, bamboo, and red oak, each of which run between $1.50-$6.00/sq. ft. More expensive options are things like Brazilian walnut, white ash, and maple. It’s also important to consider the option of installing engineered wood. These floors are highly durable but can cost an additional $5 or so per square foot.
Factors Affecting Installation Costs
The installation of hardwood is another, separate cost that homeowners need to factor in when planning for a new hardwood floor. Installation costs can vary dramatically depending upon the layout of your home, the intricacy of your project, and the work involved in your installation. For instance, many installers charge additional fees for things like moving and replacing furniture in your home. There’s usually a separate charge for repairing subfloor and removing the old flooring. Finally, the larger the area over which you’re installing your floor, the more labor-intensive it will be and the more it will cost.