Replacing your existing hardwood floors can be a big job, and depending on the size of the area you’re covering, the cost can be quite expensive. It’s important to know what you’re getting into before diving into a project like this. Here, we’ll discuss the various costs associated with replacing hardwood floors, so you can make an informed decision before making any big moves.
Labor Costs
Labor costs are one of the biggest factors in determining the cost of replacing your hardwood floors. Depending on the size of the area you’re covering and the type of hardwood you’re installing, labor costs can range from as little as $3 to $15 per square foot. The good news is that labor costs tend to be lower for larger jobs, as the contractors can offer a better rate per square foot when they have more work to do.
Material Costs
The cost of materials also greatly affects the overall cost of replacing your hardwood floors. The type of wood you choose will have the largest impact on the total cost, as some woods can be more expensive than others. Additionally, the thickness of the wood you choose can also affect the cost. In general, thicker woods tend to cost more.
Underlayment
Underlayment is an essential component of any hardwood floor installation. It provides a layer of cushion between the hardwood and the subfloor, as well as helps to reduce sound and moisture transfer. The cost of underlayment can vary depending on the type you choose, but typically ranges from $0.15 to $0.50 per square foot.
Finishing
Finishing your hardwood floors can add a nice touch to the overall look and feel. Finishing can range from a simple coat of polyurethane to more complex staining and sanding. The cost of finishing depends on the type of finish you choose, but typically ranges from $2 to $5 per square foot.
Other Costs
Other costs to consider when replacing your hardwood floors include the cost of trim and molding, as well as any necessary hardware. The cost of these items varies greatly depending on the type you choose, but typically ranges from $0.50 to $2 per square foot.
Bottom Line
Replacing your hardwood floors can be an expensive project, but with the right planning, it can be done at a reasonable cost. Be sure to take into account all of the costs associated with the job, including labor, materials, underlayment, finishing, and any necessary trim or hardware.
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