Wooden flooring is one of the most popular flooring options for homes today. Its natural beauty and warm, cozy aesthetic make it appealing to many homeowners. However, with many different types of wood flooring available at a wide range of price points, there is much debate around whether wood floors are an expensive option or not. This article will examine the various factors that contribute to the cost of wooden flooring to help you determine if it fits your budget.
Wood Type Affects Price
One of the biggest factors determining the cost of wood flooring is the type of wood you choose. Exotic and rare hardwoods generally cost more than common domestic woods. For example, domestic oak or pine will be significantly cheaper than imported woods like Brazilian cherry or African mahogany. The size of the wood planks also affects price, with wider planks commanding higher prices per square foot.
Trendy wood looks may come with a premium too. For instance, distressed or hand-scraped wood planks that mimic an antique look are generally more expensive than standard smooth planks. The amount of natural grain and color variation within the wood can also impact price.
Installation Cost Varies
In addition to the cost of the wood itself, installation is a major component of the total expense of new hardwood floors. The labor involved factors heavily into the final price tag. Basic installations over plywood or concrete subfloors are the most affordable. Additional steps like installing a new subfloor, removing old flooring, or evening out the surface will raise costs.
Special pattern work, borders, custom designs, and diagonal installations also increase labor time and expenses. The professional expertise of the installer also impacts cost, with highly skilled craftsmen charging more per day than basic installers.
Location Affects Labor & Materials Costs
Where you live also affects how much you’ll pay for wood floors. Labor costs vary across the country, with major metropolitan areas typically having the highest installation prices. Rural areas or smaller towns generally have lower hourly rates.
Material costs can fluctuate by region too. Imported exotic woods may cost more in certain parts of the country based on availability and shipping costs. Local options like domestic oak or pine can be cheaper than importing wood to some regions, while pricing is reversed in other areas. Local demand also influences pricing.
Flooring Area Makes a Difference
The total square footage you need to cover with new floors impacts the bottom line. Larger homes with open floor plans or multiple levels will require purchasing more materials and time from installers, driving costs up. On the other hand, smaller living spaces like apartments or cottages provide economy of scale.
The prep work needed for the flooring area also affects pricing. A smooth subfloor ready for install will be cheaper than one requiring extensive repairs prior to installing the wood. Simple square or rectangular layouts minimize cuts and waste versus intricate floor plans.
Finishes Impact Durability & Cost
The type of finish applied to the wood floors also influences cost. Basic polyurethane finishes provide good durability at an affordable price point. However, they require frequent buffing and re-coating to maintain luster.
Upgrading to aluminum oxide-infused polyurethane or moisture-cured urethane finishes provides maximum scratch, stain, and scuff resistance. But these extra durable finishes add a 15% to 20% upcharge to the flooring cost. Staining, distressing, or custom coloring the wood before applying finishes can also increase your total spend.
Long-Term Value Offsets Upfront Costs
While wood flooring requires a significant upfront investment, quality materials and proper installation provide decades of use and enjoyment. This can make wood a better long-term value when compared to cheaper carpeting, laminate, or vinyl flooring options that require replacement every 5-15 years. The ability to refinish and recoat hardwood extends its lifespan even further.
Many homeowners consider wood flooring an asset that enhances resale value versus a cost. This allows you to recoup a portion of your upfront flooring investment. Even luxury exotic woods can improve value for the right buyers.
Factors that Impact Overall Cost
When considering if wood flooring fits your budget, be sure to account for these key factors:
- Wood type – Exotic woods cost more than domestic options
- Installation method – Basic is budget-friendly, custom patterns cost more
- Location – Labor and materials vary regionally
- Flooring area – More square footage increases costs
- Finishes – Basic polyurethane is affordable, advanced options add 15-20%
- Value over time – Quality wood boosts home value and lasts decades
While wood floors require careful planning and budgeting, they can be an affordable option depending on the materials and features you select. Consult with qualified flooring professionals to determine the most cost-effective wood flooring options for your home.
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