Hardwood vs LVP: 2025 Costs Reveal True Winner

Summary Box

National average cost: Hardwood $10,000 for 1,000 sq. ft., LVP $5,000 for 1,000 sq. ft.
Typical range: Hardwood $8 to $15 per sq. ft., LVP $3 to $7 per sq. ft.
Low end and high end: Hardwood $6 to $20 per sq. ft., LVP $2 to $9 per sq. ft.
Time to complete: Hardwood 3 to 5 days, LVP 1 to 3 days
DIY or Pro: LVP can be DIY, hardwood requires a pro
ROI or resale impact: Hardwood adds 60 to 80 percent return at resale, LVP adds 40 to 60 percent
Updated: March 2025

Cost Factors

Several elements influence the total expense of hardwood or luxury vinyl plank (LVP) flooring installation. Homeowners benefit from understanding these to budget accurately and avoid surprises.

1. Scope and Size

Large, open layouts reduce costs per square foot through efficient labor setup. In contrast, small rooms with numerous corners demand more cutting and fitting, which elevates expenses. For a 500-square-foot space, expect 10 to 20 percent higher labor charges in fragmented areas compared to expansive ones.

2. Material Grade and Finish

Select-grade hardwood commands a premium over utility grade due to superior color consistency and fewer knots. Hand-scraped textures or custom stains can add $2 to $4 per square foot. LVP with a thicker wear layer, such as 20 mil or greater, enhances scratch resistance and durability, justifying an additional $1 per square foot.

3. Site Conditions and Accessibility

Uneven subfloors require leveling, which extends labor by several hours and adds $500 to $1,000 for 1,000 square feet. Stairs or narrow hallways complicate material transport, increasing costs by 15 percent. In moisture-prone areas like basements, specialized underlayment or barriers prevent warping and add $0.50 to $1 per square foot.

4. Labor Market and Season

Installers raise rates during peak remodeling periods, such as spring and summer, by 20 to 30 percent. Off-season work in late winter or early fall often yields discounts of 10 to 15 percent on labor. Regional variations also apply; urban areas charge more than rural ones due to higher demand.

5. Custom Work and Change Orders

Intricate designs like borders, inlays, or herringbone patterns in hardwood boost labor by 25 percent or more, potentially adding $2,000 for a standard room. Diagonal LVP layouts increase material waste and cutting time, raising costs by 10 to 15 percent. Clear specifications upfront minimize these extras.

Strategies to Save on Installation

Homeowners can reduce expenses while preserving quality through targeted approaches. These methods focus on preparation, selection, and timing to maximize value.

1. Select Practical Material Grades

Opt for mid-grade hardwood to achieve balanced color and grain without the premium price of select options, saving $1 to $3 per square foot. For LVP, a 12- to 20-mil wear layer provides reliable durability against daily wear. Thinner layers risk premature scratching in high-traffic zones.

2. Manage Demolition Independently

Old carpet or vinyl removal involves heavy labor but requires basic tools like a utility knife and pry bar. By completing this task before professionals arrive, save $0.50 to $1 per square foot. Dispose of debris responsibly to avoid additional fees.

3. Prepare the Subfloor Ahead

Apply leveling compound to fill dips and patch cracks, then clean thoroughly. A smooth, dry surface cuts installation time by up to 20 percent and prevents callbacks. Rent a floor scraper for stubborn residues if needed.

4. Obtain Multiple Quotes

Secure bids from at least three contractors to identify competitive pricing. Use a detailed checklist to ensure consistency across proposals.

Quote Comparison Checklist

• Scope itemized with square footage and room details
• Material grade, brand, and finish specifications listed
• Surface preparation, cleanup, and underlayment included
• Permit, disposal, and delivery fees specified
• Warranty duration, coverage, and installation timeline stated
• Payment schedule linked to project milestones

5. Time the Project for Off-Peak Periods

Schedule during late winter or early fall when labor demand dips. Contractors may offer 10 to 20 percent reductions to maintain workflow. Confirm availability early to lock in savings.

6. Purchase Materials Strategically

Acquire LVP during retailer sales or inventory clearances for discounts up to 30 percent. Buy all components, including trim and adhesives, from one source to eliminate multiple delivery charges. Bulk orders often qualify for further reductions.

Step-by-Step Guide to DIY LVP Installation

LVP offers an accessible option for hands-on homeowners, with click-lock systems simplifying the process. Follow these steps for a professional result without hiring help.

Safety Note: Wear knee pads, eye protection, and a dust mask during cutting. Ensure proper ventilation to avoid inhaling particles.

Essential Tools

Required Items

• Utility knife and straightedge for precise cuts
• Tape measure for accurate dimensions
• Rubber mallet to secure planks
• Tapping block for even joints
• Spacers to create expansion gaps

Optional Tools

• Pull bar for fitting tight edges
• Jigsaw for irregular cuts around fixtures

Protective Gear

• Work gloves
• Safety glasses
• Dust mask

Installation Steps

1. Prepare the Subfloor
   Remove all debris by sweeping and vacuuming thoroughly. Apply leveling compound to any low areas and allow it to dry completely. Verify the surface remains clean and moisture-free to ensure adhesion.

2. Install Underlayment or Vapor Barrier
   Unroll the material across the floor and overlap seams by six inches. Secure with tape for a seamless barrier. Cut excess along walls with a utility knife.

3. Plan the Layout
   Measure the room dimensions and dry-lay rows to test fit. Adjust starting points to avoid narrow end pieces less than two inches wide. This step prevents waste and ensures balanced appearance.

4. Begin Along the Longest Wall
   Place spacers along the wall to leave a quarter-inch expansion gap. Align the first row straight and interlock planks end to end.

5. Stagger the Joints
   Cut the initial plank of subsequent rows to offset seams by at least six inches from the row above. This technique distributes stress and enhances stability. Use the tape measure for precise cuts.

6. Secure with Click and Tap
   Angle the tongue into the groove of the adjacent plank, then lower firmly. Tap edges gently with the block and mallet for tight connections without damaging surfaces.

7. Cut Around Obstacles
   Measure and mark openings for vents or pipes, then use the jigsaw for clean cuts. Test fit pieces before final placement to maintain smooth transitions.

8. Complete Edges and Trim
   Remove spacers once the floor settles. Install baseboards with nails or adhesive, ensuring they cover gaps without fastening to the flooring itself.

9. Final Inspection and Cleaning
   Test the surface by walking across it to detect loose areas or gaps. Clean with a damp mop and mild, pH-neutral cleaner, avoiding excess water.

Project Timeline and Coordination

Efficient planning keeps disruptions minimal and costs controlled. Anticipate these phases for smooth execution.

Material Lead Times
Hardwood requires one to two weeks of acclimation in the home environment to adjust to humidity levels. LVP arrives ready for immediate use, often within days of ordering.

On-Site Duration
Professional crews complete 1,000 square feet of hardwood in three to five days, accounting for sanding and finishing. LVP installation takes one to three days for the same area, focusing on layout and locking.

Key Inspection Points
Examine subfloor levelness prior to work commencement. Approve stain choices post-sanding for hardwood. Inspect the completed floor for evenness before releasing final payment.

Long-Term Maintenance and Durability

Proper upkeep extends the life of either flooring type, protecting the investment. Regular habits prevent common issues and maintain appearance.

Hardwood Maintenance
Sweep with a soft-bristle broom daily to remove grit. Place felt pads beneath furniture legs to avoid scratches. Apply a polyurethane recoat every seven to ten years for renewed protection. Refrain from wet mopping to prevent water damage.

LVP Maintenance
Vacuum or sweep routinely to clear dust. Use a damp mop with a cleaner formulated for vinyl surfaces. Steer clear of waxes or polishes that create buildup. Unlock and replace individual planks for localized repairs.

Identifying Potential Problems
Watch for buckling or widening gaps in hardwood, which indicate moisture fluctuations. Peeling edges on LVP suggest inadequate subfloor preparation or excess humidity. Address these early to avoid extensive repairs.

Selecting the Right Flooring for Your Home

Hardwood delivers timeless elegance and strong resale appeal, ideal for formal spaces where longevity matters. LVP provides affordable versatility and quick installation, suiting busy households or moisture-challenged areas. Evaluate your priorities in budget, style, and maintenance to select the option that enhances your living space most effectively.