Hardwood floors are considered worthwhile investments because they can increase home value and add beauty to a space. Some types of hardwood floors, like solid hardwood, can last up to 100 years, making them a good investment for current and future homeowners.
Consider refinishing your hardwood floors if they’re scratched, scuffed, or fading. As a general rule, refinishing hardwood floors every seven to 10 years helps ensure the wood stays in good shape and isn’t exposed to excess light or damage. Floors in high-traffic areas may need to be refinished more often if they show signs of wear.
Hardwood floors may not be suitable in rooms with a high moisture level, such as bathrooms and laundry rooms. Kitchens are often considered safe, but it’s a good idea to place rugs or mats near sinks and other spaces where water may splash.
The most affordable options for hardwood flooring are pine and bamboo, which average $3 to $6 per square foot and $2 to $10 per square foot, respectively. Both are budget-friendly and easy to work with, saving materials and labor costs. However, they may not be as durable as other types of wood, like hickory and ash, so staying on top of maintenance is important.