If you are one of the millions of American households that decided to take on some home renovation over the past year, you might be considering how you can change your floors to improve your living space. One of the most highly sought-after floor types in American is hardwood flooring.
Hardwood floors are synonymous with comfort, elegance, style, durability, and old-world charm. They are an incredibly versatile form of luxury flooring that can complement a huge variety of home decor styles, from country shaker chic to minimalist modernity.
If you are looking for home flooring options and have landed on hardwood floors, you might be wondering “how much do new hardwood floors cost?”. If this is the case, you have come to the right place. Read on to find out the cost of hardwood floors.
1. How Much Do New Hardwood Floors Cost?
According to the latest industry data, the average hardwood flooring cost is $8 per square foot. Depending on the size of your home, you can expect to pay anything between $2,492 and $6,754 for the full installation of hardwood floors. This will depend on the size of your home, the fees charged by the installation company, and the types of wood used.
The US national average cost to install hardwood floors is around $4500 if you are installation floors throughout an average-sized American home. Of course, installing hardwood floors in an apartment will cost less, while installing hardwood floors in a mega-mansion will cost a lot more.
2. Benefits of Investing in Hardwood Floors
While the initial upfront costs of installing hardwood flooring might seem intimidating to some, it is important to emphasize the benefits of doing so. If you are looking to increase home value, then hardwood floors are a great way to do this. Studies have shown that 54% of all homebuyers have said they are happy to pay more for a home that has hardwood floors.
In addition, realtors have estimated that hardwood floors can increase the sticker price of a home by up to 5%. If you have an average-price home in the US, this means that the cost of installation is more than worth it.
3. Types of Hardwood Floors and Costs
It is worth pointing out that not all hardwood floors are the same. There are several main designs and styles of hardwood floors, often with significantly varying price points. Here are some of the main types of hardwood floors and their associated costs that you should be aware of:
- Parquet floors: real parquet floors are among the most expensive types of flooring you can buy and will cost you at least $20 per square foot.
- Herringbone floors: elegant herringbone floor patterns are immensely popular right now and their price reflects this, with the average cost sitting at around $12 per square foot.
- Wood-look tile floors: A wood-look tile can also be pricy, as they have the look and feel of quality wood but will not rot or degrade in the same way. Quality wood-look tiling will set you back around $10 per square foot on average.
Your Home Questions, Answered
Now that you know how much do new hardwood floors cost, we are here to help you get started. If you are turning your house into a home and need more practical home design tips to get there, make sure to consult our expert Home guides to learn more.