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Budget for new floors

When you’re considering new flooring for your home, one of the first things to think about is your budget. Whether you’re looking at luxury vinyl flooring, hardwood, tile, or carpet, understanding the cost structure can help you plan ahead. The final price will depend on several factors, including the type of material, the cost per square foot, and the labor involved in flooring installation. At Kelly’s Flooring in St. Louis, MO, we’re here to help guide you through this process, ensuring you know exactly what to expect.

1. Determine Your Flooring Needs

The first step in budgeting for new floors is understanding the type of flooring best suited for your space. Different areas of your home may require different materials based on usage, moisture levels, and design preferences. Here are a few popular options to consider:

  • Luxury Vinyl Flooring: Known for its durability and water resistance, luxury vinyl is an excellent choice for kitchens, bathrooms, and high-traffic areas. It’s often more affordable than hardwood or tile, making it an attractive option for budget-conscious homeowners. The average cost of luxury vinyl flooring installation ranges from $12 to $20 per square foot, including materials and labor.
  • Hardwood Flooring: If you’re looking for a timeless, natural look, hardwood is hard to beat. While it’s more expensive, with costs averaging around $15 per square foot for materials and installation, it adds significant value to your home. Options include both solid hardwood and engineered wood, which is more moisture-resistant and ideal for basements or humid areas.
  • Laminate Flooring: Laminate provides the look of wood at a fraction of the cost. It’s a budget-friendly option that ranges from $12 to $15 per square foot, including materials and installation. Laminate is durable and easy to clean, making it perfect for families with kids or pets.
  • Tile Flooring: Tile is a versatile choice for kitchens, bathrooms, and entryways. It comes in a variety of styles, including ceramic, porcelain, and natural stone. The cost can vary depending on the type of tile you choose, with prices starting around $12 per square foot for ceramic and going up to $20 or more for high-end options like natural stone.
  • Carpet: If comfort is a priority, carpet may be the best option. Carpet installation typically costs between $12 and $15 per square foot, and it comes in a variety of textures and colors. It’s a popular choice for bedrooms and living rooms, offering warmth and sound insulation.

2. Calculate the Square Footage

Once you’ve selected the type of flooring, you’ll need to calculate the square footage of the area you want to cover. To do this, measure the length and width of the room in feet, then multiply the two numbers to get the total square footage. For example, a room that is 10 feet by 12 feet would have 120 square feet.

The total square footage will play a significant role in determining the overall cost, as flooring is typically priced per square foot. Keep in mind that the material you choose—whether it’s luxury vinyl, hardwood, laminate, or tile—will have different price points, and the cost per square foot will vary accordingly.

3. Consider the Type of Material

The material you choose will largely dictate the cost of your flooring. For example, luxury vinyl flooring is generally more affordable than hardwood, while natural stone tiles can be more expensive than ceramic. Here’s a breakdown of average costs based on material:

  • Luxury Vinyl: $12 to $20 per square foot
  • Hardwood: $15 to $20 per square foot
  • Laminate: $12 to $15 per square foot
  • Tile (Ceramic): $12 to $15 per square foot
  • Tile (Natural Stone): $15 to $20 per square foot
  • Carpet: $12 to $15 per square foot

These prices include both materials and labor, but it’s essential to get an accurate quote from your flooring store to know exactly what to expect.

4. Factor in Flooring Installation Costs

Flooring installation is another significant factor to consider in your budget. Labor costs can vary depending on the type of flooring you’re installing and the complexity of the job. For instance, luxury vinyl installation may be quicker and less labor-intensive than hardwood, resulting in lower installation fees.

Here’s a quick comparison of average installation costs based on material:

  • Luxury Vinyl Installation: Typically $3 to $7 per square foot
  • Hardwood Installation: $5 to $10 per square foot
  • Laminate Installation: $3 to $6 per square foot
  • Tile Installation: $5 to $15 per square foot
  • Carpet Installation: $2 to $5 per square foot

These costs are dependent on the material, the size of the area, and any additional preparation work needed, such as removing old flooring or leveling the subfloor.

5. Account for Extra Materials and Labor

Beyond the basic material and installation costs, there are other factors that can impact your budget:

  • Underlayment: Many flooring types, like laminate or luxury vinyl, require underlayment to improve comfort and sound insulation. This can add an additional $1 to $3 per square foot.
  • Trim and Molding: Installing new floors often requires replacing baseboards or adding transition strips between rooms, which can add to your overall cost.
  • Subfloor Preparation: If your existing subfloor needs repair or leveling, expect to pay extra. This cost is typically included in the labor but could vary depending on the condition of your current floors.

6. Budgeting for High-Traffic Areas vs. Low-Traffic Areas

When budgeting for new floors, consider the amount of traffic each room gets. High-traffic areas like hallways and kitchens may require more durable materials, like luxury vinyl or tile, while lower-traffic areas such as bedrooms can accommodate softer flooring like carpet.

For high-traffic areas, you might want to allocate a larger portion of your budget for materials that can withstand wear and tear. On the other hand, for rooms with less foot traffic, you might be able to opt for a less expensive material, saving money in the process.


At Kelly’s Flooring, we pride ourselves on offering a wide range of flooring options to suit every style and budget. Whether you’re interested in luxury vinyl flooring, hardwood, laminate, tile, or carpet, we can help you find the perfect solution for your home. By understanding the costs associated with materials and labor, you’ll be well-equipped to make an informed decision that fits both your design goals and your budget.