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Thanks to its sleek, classic look, hardwood flooring is extremely popular. Installing wood flooring not only makes a difference in a home’s look, but in its resale value as well. For homeowners interested in installing wood flooring, the first question usually has to do with money.
There are many things that can affect the cost of your wood flooring, including the materials, the size of the space, and the contractor you choose. Standard solid-strip hardwood flooring averages about $8 a square foot for materials and installation, or $1,150 for a 12×12 foot space. The wide pine planks that have become popular lately can cost up to $12 per square foot (materials and installation). This means that for a 12×12 foot room, you are looking at an average cost of $1,750.
Pre-finished wood is more expensive than unfinished, though it still depends on what type of wood you are buying. Usually, factory finished wood costs around $10-$14 per square foot for installation. This means that for the same 12×12 foot room, the average cost is close to $2,000.
Different types of wood come at different prices. Bamboo is usually cheaper, around $4-$6 per square foot for materials. Other, more exotic woods can cost up to $13 per square foot for the materials, and more when you factor in the installation. Laminate flooring is usually around $8-$12 a square foot for materials and installation, which means that your final cost is somewhere close to $1,500 for a 12×12 foot space.
Your final cost will also change if you choose to have a custom pattern or border installed. This adds an element of originality and uniqueness to your floor, though the cost may go up by $2 a square foot, or more. For a 12×12 foot room, an extra $2 a square foot means $288 added to your bill. The bigger the room, the more your floor costs.
As with anything, your final bill will depend largely on which contractor you choose. Competing flooring contractors may have dramatically different prices, so it is a good idea to obtain several initial estimates. Pay attention to which items the estimates include and exclude. You want to know exactly what you are getting with each contractor. It also can be very helpful to get references and see floors previously completed by the contractors in question. Entering a project fully informed is the best way to guarantee a successful and satisfying experience.