Are you ready to upgrade your home's floors? New flooring can transform the look and feel of your space, but how much should you budget? In this helpful blog post, we'll take a look at a few tips to financially plan your new floor project.

Set Your Baseline Project Budget

The cost of new floors varies greatly by the type of material you choose. According to OneDesk, a provider of industry statistics, on average, consumers will pay between $3 and $22 per square foot of flooring. This is a large price range, but it largely depends on the type of material that the floors are made of. Measure your rooms to get an estimate of total square footage. Multiply this measurement by your desired material's average cost per square foot to set a realistic budget.

Compare Material Options

Tile, hardwood, laminate, and vinyl come in a wide range of price points. Ceramic or porcelain tile can be much more budget-friendly than natural stone tile. According to Forbes, engineered hardwood runs from $5 to $15 per square foot installed, while vinyl tiles average at only $1 to $3 per square foot. Know your options and choose the floor you can afford. Visiting showrooms can help narrow down your choices.

Factor in Labor Costs

Unless you're able to install the floors yourself, you'll need to budget for labor costs too. A quality installation job can be the difference between a gorgeous home centerpiece and a floor that needs constant repair. Professional installation averages $3 to $5 per square foot depending on the complexity of the job, according to USA Today.

Anticipate Additional Expenses

Don't forget other potential costs beyond just the project materials and installation. Think about other factors like subfloor repairs, removal of old flooring, new trim and transitions, adhesive, underlayment, and furniture relocation. These extra expenses can quickly add up. Leave room in your budget for surprise costs by overestimating your total square footage and starting budget. It's always better to come under budget.

Installing new floors in your home is an exciting project! With some savvy planning using average costs for materials and labor, you can create an accurate budget for your new floors. Leave some wiggle room for incidental expenses too. Sticking to your budget will keep your makeover affordable and enjoyable. If you're searching for new floors for your home, our team at Lange Flooring Center can help you, regardless of what your budget is. Visit our flooring showroom today to see the various options available.