How much will wooden floors cost in 2023? (2023)

FAQs

How much will wooden floors cost in 2023? ›

Prices for hardwood floors have increased anywhere from 15 to 70 percent. The increased lumber costs are due to species scarcity, fuel inflation and a lack of truck delivery. But even if you're not getting all-natural hardwood floors, you may still see a price increase.

Prices for hardwood floors have increased anywhere from 15 to 70 percent. The increased lumber costs are due to species scarcity, fuel inflation and a lack of truck delivery. But even if you're not getting all-natural hardwood floors, you may still see a price increase.

It's not going to be the trendiest color on the color wheel, but it's timeless and enduring. You'll find mid-toned brown floors installed in homes from the early 1900s, all the way through modern new builds.

The average cost of installing hardwood floors is $3–$10 per square foot for materials and $3–$8 per square foot for labor, totaling $6–$18 per square foot. A single 200-square-foot room might cost $1,200–$3,600, while a 2,000-square-foot house could cost $12,000–$36,000.

Hardwood Planks can be cut in 3 ways:

Rift Saw, the log tends to be cut at a different angle, like a pizza, this makes it much more stable than the previous entries. It also makes the hardwood flooring prices much more expensive.

“The wood flooring market is expected to be down slightly in. After a gain of 22.7 percent in 2021, and a projected loss of 2.9 percent in 2022, 2023 is forecasted to lose 3.6 percent of market share,” he said, citing the U.S. FLOOReport, 2023.

The North America wood flooring market size was estimated at USD 7,377.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2023 to 2030. The growth is expected to be driven by rising demand for highly durable and aesthetically superior flooring products.

Neutral tones like honey, cream, and white will be top choices in 2023. These colors will work well with almost any decor style.

Hardwood flooring remains a popular flooring trend for 2023 due to its timeless appeal and versatility. Hardwood floors are known for their beauty and durability, making them a popular choice among homeowners who want a flooring option that will last for years to come.

Here are some of the most popular flooring color trends for 2023: Earthy Tones - Earthy tones are making a comeback in 2023. From rich browns and warm tans to muted greens and blues, these colors offer a natural and calming look to any space.

Is real wood floor worth it? ›

There's a lot to like about hardwood flooring. It brings a bit of nature's beauty into your home and it goes with just about any decor, be it traditional, contemporary, rustic or a stylish mash-up. It requires an investment of both time and money, but when the dust settles, wood floors are almost always worth it.

Most carpet is considerably less expensive than most hardwood materials. And although carpeting does need to be replaced every few years, perfectly acceptable carpeting may be available for less than $1 per square foot. Costs can also run as high as $20 per square foot for the highest quality wool carpets.

Return on Investment (ROI)

For this reason, you can expect up to 80% ROI and a 2.5% increase in home market value after installation. Hardwood flooring can last for decades when they are correctly cared for. When you're renovating or redecorating your home, you want investments that will last.

Besides, a properly maintained wood floor can go 20 or 30 years or more before needing to be refinished, says Lupresto. And it can be sanded and refinished "easily six or seven times" over its lifetime, he says.

Hardwood floors are one of the best flooring options for homeowners looking to increase the resale value of their home, with hardwood typically yielding around a 75% return on investment.

Classic medium-toned browns such as cherrywood, mahogany, oak, maple, walnut, birch wood, and hickory are all timeless colors that never go out of style. Cherrywood is a deep, rich color that has a deep mahogany shade with warm tones of red or brown, often mixed with hints of pink and even purple.

Cutting down all of the old growth timber has made it to where there are far less large trees. This means less hardwood over all. This has resulted in major increases in prices for all hardwood products. The cost of hardwood flooring has increased drastically since the year 2000.

Best known as the traditional color of hardwood flooring, shades of brown are still as popular as ever. Much like tan-toned hardwood, brown flooring is suited for any aesthetic. Lighter tones can set the basis of a neutral design, while deeper tones have the power to convey depth and luxury.

What is the most timeless flooring? ›

Hardwood floors

Wood will never look outdated in your home, so you don't have to worry about its timelessness being restrictive in any way.

What color of furniture is in for 2023? As we have discussed, natural materials such as wood, and earthy, grounding color palettes with a focus on green, brown and cream shades will be popular throughout 2023, helping to establish a calming, and tranquil atmosphere.

For a truly timeless hardwood floor, consider choosing an engineered hardwood option. Engineered planks are a top choice for those who want the beauty of hardwoods with long-lasting features like water resistance and dent resistance.

Green, grey, and blue are the most popular living room colours for 2023. New search data analysis found that we are making bolder choices in our living spaces, embracing bright and rich shades, as well as some more unexpected colours.

When it comes to overall popularity and resale value, dark stained hardwood flooring is the most superb option. Espresso, antique brown, and dark walnut are some of the best dark stains for wood. Because they don't have a yellow or orange tint, these darker colours frequently allow more colour combinations.

If you're looking for a brief answer to whether gray is still popular for flooring, it's a resounding NO.

A big kitchen flooring trend for 2023 is buff sandstone tiles - offering the ultimate neutral with soft pale wash tones and unique texture. Sandstone, like limestone, is a hardwearing and practical option ideal for kitchen tiles, the texture also provides grip underfoot.

Digital Lavender, Luscious Red, Sundial, Tranquil Blue and Verdigris are the color names for 2023. Who chooses the names of the new colors? Names are selected by the WGSN and Coloro color team, before being verified by our in-house Equality Vision Team to ensure a proper translation on a global scale.

Dark hardwood flooring is in style. It makes your home easier to sell and also boosts your home's resale value. Shows off the furniture in the room. Dark hardwood floors have a way of contrasting with lighter colored furnishings.

Floors with a white finish go with almost everything. A light burlap-like color is a great choice because you still get a light floor, without installing a truly “white” floor. You can use a variety of wood species to create a light floor.

What type of wood flooring is best? ›

The best hardwood floors are made with wood species that are readily available and — you guessed it — very hard. Oak flooring, maple flooring and cherry flooring are all good choices. Other species include bamboo (which is actually a grass), walnut, ash and mahogany.

In fact the early mid mod period (late 40's – early 50's) is about the last time that hardwood floors were common in builder grade houses.

Wood Floor Condition

The condition of the flooring is the most significant factor when choosing to refinish or replace. If the damage is mostly superficial, refinishing is usually the best choice. But if the damage is severe and includes rot or water damage, those planks will have to be replaced.

It's a smart idea; hardwood flooring is preferred by home buyers and renters across the United States so it could improve the resale value of your home when it comes time to sell.. But consider all your options carefully. Here's more about flooring made from hardwood and why you might prefer it to wall-to-wall carpet.

Darker floors are better suited for larger rooms and open floor plans. Another seemingly unrelated factor to consider is how often you clean your floors. Light hardwood flooring can hide small flaws, dirt, and debris, but anything larger will be very noticeable.

“Buyers like carpet in bedrooms, especially in basement bedrooms, for comfort and warmth.” Carpet is also much quieter to walk on than other types of flooring and can help absorb noise. It can mask sounds, such as footsteps and squeaky floors, Fisher adds.

Home Resale Value

According to the National Hardwood Flooring Association, realtors typically state that compared to homes with other types of flooring, homes with hardwood flooring are easier to sell, sell faster, and sell for more money. However, they do require more of an upfront investment than vinyl flooring.

The answer may surprise you - not only does LVP often help homes sell faster, but it can also lead to a higher sale price. Here's a closer look at why LVP is such a popular choice among home sellers and buyers.

New flooring can increase the value of a home by nearly 10 to 54 percent. Potential homebuyers say that they will put in a higher offer if a home has new flooring. Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.

Hardwood floors should be installed over ¾-inch plywood on or above grade—not in a basement and never directly on concrete.

When should you not use hardwood? ›

Because its solid wood construction allows it to be sanded and refinished several times, solid hardwood flooring comes out on top when it comes to longevity. If you're basing your decision solely on lifespan, longevity is one of the disadvantages of engineered wood. Although, 30 years is still a decent span of time.

How often can I refinish my floors? Depending on a floor's thickness and the experience of the flooring professional, a floor can be sanded around 4-6 times in its entire life. Hardwood floors can be refinished every 7-10 years, making the 4-6 refinishes more than enough.

Resealing makes the floor damp-proof again although it is recommended that a floor undergoes a resealing process every 5 years to keep the wood healthy and beautiful. Whatever your floor requires, the best piece of advice is always to take the long view.

Moisture in Spring and Summer

Fall is a perfect season for hardwood flooring installation because the cool, crisp weather exposes your hardwood flooring to less moisture.

You may have already guessed it, but the floor with the highest resale value is hardwood. Since hardwood is always in demand, it is an easy choice to up level your home.

Vinyl flooring will work just about anywhere in your new home. It's 100 percent waterproof, so it can withstand the moisture levels in bathrooms, kitchens, damp basements, and mudrooms.

There's no consensus on an exact percentage, but many experts have said it's between 3% and 5%. So replacing carpet with hardwood flooring can definitely make a difference in your selling price. In fact, one study found that 54% of home buyers said they'd be willing to pay more—up to $2,080—for hardwood floors.

Over-expansion of Wood or Laminated flooring

Wood expands and shrinks due to increases and decreases in moisture. For this reason its important to acclimate flooring before installation to reduce the amount of movement. You can find out more about acclimatising wood flooring in our guide.

Hardwood floors are one of the best flooring options for homeowners looking to increase the resale value of their home, with hardwood typically yielding around a 75% return on investment.

Do new hardwood floors increase home value? ›

Depending on how many square feet you intend to cover, it could also take a few days or even a week before installation is complete. Still, every year, countless homeowners will have them installed because they really do look amazing. As CNN reported, hardwood floors can also increase home value by 3-5%.

Wood floor buckling can sometimes be solved simply by adding weight to the floor until the extra moisture dries out and the planks level out. If the problem is more serious, then it's probably because of an excessive amount of moisture from flooding or a plumbing leak.

Hardwood Flooring During the Humid Seasons

During the hotter and more humid months of the year, hardwood flooring will absorb moisture from the air, which causes it to expand and swell. The expansion of the boards can cause them to warp.

When it comes to overall popularity and resale value, dark stained hardwood flooring is the most superb option. Espresso, antique brown, and dark walnut are some of the best dark stains for wood. Because they don't have a yellow or orange tint, these darker colours frequently allow more colour combinations.

If you're doing a whole house renovation, you may be looking at replacing carpet with hardwood floors. It's a smart idea; hardwood flooring is preferred by home buyers and renters across the United States so it could improve the resale value of your home when it comes time to sell..

Hardwood. Hardwood flooring can last a lifetime, but the glossy shine of original wood flooring will fade over the course of its life. You'll notice fading after about 25 years. Hardwood floors, if installed properly, can last 100 years.

So the short answer to “does new flooring increase home value?” is yes—if you're smart about your selections. The right upgrades also make your house move faster on the market. Follow these 5 pro tips to get the most out of this wise home investment.