As a homeowner, it feels good to update and upgrade your home. You can see your design efforts come to life and enjoy your home's new look and feel. One of the ways to help your family and guests feel more comfortable and welcome is to update the flooring in your home. You may be considering engineered hardwood flooring.
Beginning research for any home renovation can quickly become overwhelming many options exist! You may feel frustrated as you try to budget for your renovation and may be left frustrated as you see only a few places offer details about their pricing.
The last thing you want is to feel so discouraged that you give up, right?
At Flooring Solutions, transparent pricing matters. How can you create a budget to know the average costs of products and factors that increase or decrease the price? We want to make this process less daunting so the whole "enjoying your new floors" part can come faster. After reading this article, you can confidently move to the product selection process, knowing what budget to consider for your engineered hardwood project.
What is the Price of Engineered Hardwood
The average price range for Engineered hardwood flooring is between $5-$8 per square foot.
Knowing the average range is valuable because you can start your budget from that number. If you need to know the square footage of the area you're updating, it may help less. If you know the square footage required for your room, you may be one step closer to understanding your cost. But what does that mean for a whole house of hardwood or just a large bedroom? Let's break the math down, so you don't have to do it yourself!
If you have a large project for a 1500-square-foot home, you may redo most of your home in engineered hardwood, except for the bathrooms and kitchen. This 1500 square feet project may cost you between $7500-$12,000 for engineered hardwood material.
The average Flooring Solutions of Memphis customer spends between $5-$6 per square foot for engineered hardwood flooring.
5 Factors that Determine the Cost of Engineered Hardwood
1. InstallationDo you plan to install your engineered hardwood or select a professional flooring company? Installation costs will vary depending on who installs the flooring. If the installation location is challenging to reach, or you know the room has complicated features, we strongly recommend a professional installer.
2. Product selection.
The engineered hardwood's quality, brand, and style significantly affect the cost. Certain hardwood vendors can cost more than others for many reasons. The type of engineered hardwood flooring can impact the price if it is an exclusive or highly coveted product.
3. Floor preparation.
It can be challenging to determine the need for floor prep before your project begins, and you'll likely find this out once you remove the existing flooring. Preparing your home for engineered hardwood floors can resemble extensive subfloor cleaning, new installation, or subfloor repair.
4. Type of wood finish.
The type of finish applied to the surface of your engineered hardwood can also impact the cost. Popular finish options, such as hand-scraped and wire-brushed, are more expensive than standard finishes.
5. Additional materials.
Some flooring products are more complex than others. Engineered hardwood requires glue and sometimes stapes for installation. You typically need more transition pieces, or moldings, to separate different floor coverings.
Does Engineered Hardwood Cost More Than Other Flooring Options
It is the least expensive option if you compare engineered hardwood to different types of hardwood flooring, such as solid hardwood and inch. Unlike engineered hardwood, Solid hardwood flooring is made of solid wood, through and through. Engineered hardwood has a layer of natural wood on top and a core made of different materials, making it less expensive.In most cases, engineered hardwood will cost you more than a laminate or luxury vinyl plank. But that only sometimes means it's a better choice for you than other types of flooring.
Along with the extra cost of hardwood typically comes more maintenance costs. Laminate and luxury vinyl plank flooring are known for low maintenance and easy-to-clean features. While engineered hardwood maintenance doesn't have to be complicated, it can cost more to upkeep and sometimes require professional cleaning or maintenance.
You cannot sand & refinish Engineered hardwood like you can solid hardwood, so minor damages, and wear & tear will show for the lifetime of engineered hardwood. Consider if your lifestyle allows you to keep your hardwood in good condition.
Can Engineered Hardwood Flooring Increase Your Home's Value
Hardwood flooring can be a sought-after flooring option in many homes. It's classic and timeless, and many value it more than other flooring options. Home values can vary from city to city, and many factors play a role in determining the value. Home appraisers typically have a list of criteria that can increase or decrease home values. Hardwood tends to be on the list that increases value.In addition, engineered hardwood installation quality can increase a home's value and strongly improve the house's aesthetics. A well-installed and high-quality engineered hardwood floor can provide a seamless and cohesive look to a home. This can be attractive to homebuyers.
If hardwood is not right for your needs, then you don't need to worry so much about whether it increases or decreases the value of your home. "Value" can be viewed in many different ways by many homeowners. The overall condition of your hardwood plays a significant role in how it appeals to homebuyers and guests.
Is Engineered Hardwood the Right Choice for You
If you've done any online research for new floors, you now likely know that upgrading your home comes at a cost. But you may have yet to realize all the factors that play a role in the price of your new floors. How do you know if it's a good investment?At Flooring Solutions, we understand that any flooring choice is a significant investment for our clients. We want to work closely with you and be as transparent as possible about costs so that you can select the right flooring. If engineered hardwood flooring seems to fit outside your budget, we want both you and our company to know that beforehand. If you see the advantages and benefits of the investment, we want to work with you to find a hardwood that fits your budget. Getting a detailed quote is the best way to know whether your hardwood project fits your budget.
We'd love to be a part of your home improvement journey. Together, we can select the Right engineered hardwood flooring that fits your budget and style preferences and looks excellent in your home. Let's get started with your free showroom consultation.
