Your hardwood floors have seen better days. Between pet scratches, faded finishes, and years of foot traffic, they’re looking worse for wear. But here’s the million-dollar question—or should we say, the several-thousand-dollar question: should you refinish or replace? Let’s break down the numbers so you can make the smartest choice for your home and wallet.
The Real Cost of Refinishing
Refinishing breathes new life into tired floors without the headache of full replacement. The refinishing hardwood floors cost typically ranges from $3 to $8 per square foot, with most homeowners spending around $1,500 to $4,000 for an average-sized room. Here’s what influences the price:
- Floor condition: Minor scratches cost less to address than deep gouges requiring extensive sanding
- Wood type: Exotic hardwoods demand specialized expertise and premium products
- Finish selection: Basic polyurethane runs cheaper than high-end oil-based finishes
The process involves sanding down the existing wood, repairing minor damage, and applying fresh stain and sealant. You’ll need to vacate for about 3-5 days while the finish cures, but the transformation is remarkable.
Replacement: When Starting Fresh Makes Sense
Sometimes refinishing isn’t enough. If your floors have structural damage, extensive water staining, or boards that are warped beyond repair, replacement becomes necessary. New hardwood installation costs $6 to $25+ per square foot, including materials and labor. That’s $3,000 to $12,500+ for a typical 500-square-foot space.
Solid Hardwood vs. Engineered Options
Both have their merits. Solid hardwood lasts generations and can be refinished multiple times, while engineered wood offers moisture resistance and easier installation at a lower price point.
Hidden Replacement Expenses
Don’t forget these budget busters:
- Subfloor repairs: Damaged underlayment adds $3-$10 per square foot
- Furniture moving: Professional movers charge $200-$500
- Baseboard removal and reinstallation: Another $2-$4 per linear foot
