The True Value of Hardwood Flooring:

Understanding Costs & Long-Term Savings

Breaking Down the Costs of Hardwood Flooring & Installation:

Hardwood flooring is often seen as a premium investment, but its true value becomes apparent over time. While upfront costs may be higher than alternatives like laminate or luxury vinyl plank (LVP), hardwood’s exceptional durability and longevity reveal it as the more economical choice in the long run.

Estimated Costs for Hardwood Flooring:

Solid Hardwood Flooring:

• Material Cost: $6 - $12 per square foot
• Installation Cost: $4 - $8 per square foot
• Total Average Cost: $10 - $20 per square foot

Engineered Hardwood Flooring:

• Material Cost: $4 - $10 per square foot
• Installation Cost: $3 - $7 per square foot
• Total Average Cost: $7 - $17 per square foot

Hardwood Comparison to Common Alternatives: A Long-Term Perspective

Although hardwood flooring comes with a higher initial investment, it outlasts most other modern flooring options by 3 to 5 times. Here’s how it compares to laminate and LVP:

Laminate Flooring:

• Total Average Cost: $5 - $9 per square foot
• Lifespan: Typically lasts 10-15 years.
• Laminate is a budget-friendly option upfront but wears out more quickly, especially in high-traffic areas. It’s not designed to be refinished, so replacement is often necessary.

Luxury Vinyl Plank (LVP):

• Total Average Cost: $4 - $10 per square foot
• Lifespan: Typically lasts 10-20 years.
• LVP is popular due to its water resistance and affordability, but once worn or damaged, it cannot be refinished and requires full replacement.

Hardwood Flooring:

• Lifespan: Solid hardwood can last 50-100 years with proper care, and engineered hardwood typically lasts 25-30 years. Solid hardwood can be refinished multiple times, extending its life significantly.*

Why Hardwood is the More Economical Choice:

Over time, the longevity and ability to refinish solid hardwood mean that while laminate or LVP might need replacement two or three times over the lifespan of hardwood, your hardwood floors can be refreshed and maintained to look new, offering a far better return on investment. In the long run, the cost per year for hardwood flooring becomes more economical than lower-priced alternatives.

Get an Accurate Estimate for Your Home

We understand that every home and every project is unique. Contact us today for a Free Estimate, and let us show you how hardwood flooring can be a lasting investment for your home that pays off for decades to come.