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How Much Does Hardwood Flooring Cost?

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Cost Of Hardwood Flooring: Prices, ROI & Payment Options

It’s no surprise that hardwood floors have stood the test of time as one of the most popular flooring options. They’re beautiful, easy to maintain, and they get a great return on investment. But finding the funds to finance hardwood floors can stop many homeowners from making the upgrades they want.

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Hardwood Flooring Costs: Things to Consider

If you're considering hardwood floors for your home, there are a few things you should consider before moving forward with the project such as the cost. With Acorn Finance, you can review multiple offers from top-rated lenders and find competitive rates for home improvement loans for hardwood floors. By entering some personal information, you can receive loan offers in 60 seconds or less with no impact to your credit score. Keep reading to learn more about hardwood floor costs and financing.

Hardwood Flooring Costs: Frequently Asked Questions

How much does new hardwood flooring cost?

The cost of new hardwood flooring can really range depending on the materials and size of the space you're planning to install flooring. However, on average, you can expect to spend between $6 and $18 per square foot, including labor. For a 300-square-foot room, you can expect to spend between $1,800 and $5,400, depending on the type of wood quality and materials you opt for. It's advised by most professionals to purchase 5% to 10% more flooring than you need in case of any mess-ups or cutting issues. Plus, in the event of repairs down the road, having extra flooring on hand can be helpful.

Some other things that factor into hardwood flooring costs include:

  • The grade of the wood. The higher the quality grade, the more you can expect to pay. If you're looking to cut down on costs, you can decrease the grade of wood without much impact on the overall look and functionality of the hardwood floors.
  • The thickness of the flooring. 5/16" is the thinnest of the flooring options, but paying for thicker floors can increase your cost per square foot, increasing it up to $15 or more.
  • The species of wood. There are dozens of potential species you can select from. You can expect to pay between $2 and $4 per square foot for a lower-tier wood like pine, red oak or bamboo. But higher-tier floorings like maple, Brazilian walnut or teak can cost upwards of $10 or more per square foot.
  • Repairs. If you discover your subflooring needs repairing, you can expect to add to your cost to install hardwood floors. This ensures your new flooring is safe and won't impact your new floors.
  • Finishing and coating. As you decide the type of hardwood floors you want, you'll have to select whether you want prefinished flooring that's been sealed at the factory or if you'd like to seal it after installation. While unfinished boards can save you money on material, you'll have to pay more in labor costs to seal them once they've been installed.

Are hardwood floors worth the cost?

When it comes time to upgrade your flooring, hardwood flooring is the go-to choice for a lot of homeowners. Thanks to their high return on investment, low maintenance and beautiful look, they are a great addition to your home. If the cost of hardwood floors is a concern, Acorn Finance can help connect you with top-ranked national lenders that offer financing up to $100,000 for qualified borrowers.

Is there a return on investment on hardwood flooring installation?

While hardwood floors have a hefty upfront cost, they also recoup an incredible amount of the cost. A recent study from the National Association of Realtors (NAR) and the National Association of the Remodeling Industry (NARI) determined that installing new hardwood floors can get a 118% return on investment. With an ROI over 100%, you can feel assured that the investment into your floors will pay off in the long run!

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Should you get a loan to pay for new hardwood flooring?


Installing hardwood floors in a 2,000-square-foot house can cost between $12,000 and $36,000, depending on the material and cost of labor. Many homeowners cannot pay out of pocket for this kind of expense. But that's where a home improvement loan can help.

If you're ready to install hardwood flooring but don't have the cash available, a home improvement loan can help you quickly get the funds you need. With a wide variety of lenders offering home improvement loans, you can review multiple offers at Acorn Finance, saving you time, money and hassle in the process.

What are alternatives to hardwood flooring?


If hardwood flooring is out of your budget but you'd still like the look and feel of hardwood floors, there are some other alternatives to hardwood flooring to consider.

  • Laminate: Laminate flooring is a popular substitute for hardwood floors since it's available in a wide range of styles and colors while giving the same aesthetic appeal of wood. Plus, it's a much more affordable option with prices including labor and materials around $2 per square foot. Laminate flooring is also known for its durability.
  • Vinyl: Vinyl plank flooring is another substitute that homeowners opt for as a hardwood alternative. Hardwood vinyl plank flooring can look just like wood but is less durable than traditional hardwood floors. Prices start around $5 per square foot.

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