Probably the largest cost associated with wood flooring projects is the species of wood that will be used. Numerous species of wood are used to make flooring, including pine, Brazilian cherry, Australian cypress and bamboo.
According to CostHelper.com, having a wood floor installed can cost the consumer anywhere between $4 and $14 per square foot depending on what species of wood is used. Installing wide pine planks can cost around $12 per square foot. Installing Brazilian cherry or Australian cypress can cost between $4 and $13 per square foot.
The cost of professionally installing wood flooring is a large factor that adds to the overall cost of a wood flooring project. Some do-it-yourselfers may opt to install wood flooring themselves to curb the overall cost of the project.
It is recommended that between 5 percent and 15 percent more wood be purchased than needed before beginning installation. This extra wood can be used as a waste allowance to allow room for mistakes and accidents.
Using custom patterns and borders can greatly increase the overall costs associated with a wood flooring installation project. CostHelper.com claims that custom patterns and borders can increase overall costs by upward of $2 per square foot.