RMM - Nov-20 - Jennifer Reiner

IsHardwoodAll It’s Cracked Up to Be?

3 Wood-Floor Alternatives for Budget-Savvy Homeowners

According to market-research firm Mintel’s report on residential flooring, hardwood flooring continues to be America’s flooring of choice. In fact, Remodeling Magazine reports 87% of buyers want hardwood floors in their homes. And it’s no wonder — hardwood

floors are timeless, luxurious, and for the most part, highly durable. But that luxury also comes with a hefty price tag — between $5 and $14 per square foot for both traditional and engineered wood flooring, depending on the type of wood. Plus, professional installation can cost up to $10 per square foot. While hardwood floors do offer a

fairly high return on investment — between 70-80% of the project cost — if you want the look of hardwood floors without breaking the bank, there are several alternatives to consider — some with added benefits like increased durability and water resistance.

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