The budget: Hard Wood Floors
Posted on September 20, 2007 - Filed Under Business |
It goes without saying: hardwood floors definitely add value to a home. In both of my purchases I have been lucky with having the original floors intact.
They just needed to be refinished.
On the first flooring project, it was $1700 to redo the floors. This included two weeks of labor plus I had to provide material. For those that remember, a hard black "goo" covered the floors and had to be practically chipped off to get to the original wood.
For this project: the budget was $1700. The floor was bigger but in better shape.
The formula for refinishing a hardwood floor: $1.50 per square foot. The quote initially give was for $1500, for 1000 square feet. This included material.
It was a deal.
Whether from termite or water damage, several large spots appeared to be in need to repair. This quickly added to the bill: matching wood; cutting to fit; removal of wood; installation of wood.
In total the bill for hardwood floor refinish: $2000.
Labor: between 4 to 6 guys working every day. Four days for completion. Two days after to allow for adequate drying.
NOTE: The finishing coat for hardwood floors indicates 24 hours until dry to the touch. While this may be true, the coat requires several days in order to ‘cure’ properly. This simply means the coating will need a few days to harden enough to support weight (such as dollies with refrigerators).
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