Engineered Wood Flooring The key thing to keep in mind with an engineered wood floor is that the top surface is real wood and will look and wear just the same as a solid wood floor. As with solid wood flooring engineered wood is available in many different grades, finishes and styles.

The average cost of vinyl floor tiles or planks is about $3 per square foot, and the average installation cost is $2.50 per square foot for a total of $5.50 per square foot. However, a pre-finished, average-quality hardwood choice with installation will cost approximately $8.25 per square foot.

The one area where vinyl floors outshine hardwood floors in terms of durability is moisture resistance. Vinyl floors are virtually impervious to moisture damage, whereas hardwood floors will have to be completely replaced if they sustain major water damage.

Best for Durability and Maintenance: Solid Hardwood Hardwood floors come out well on top when it comes to durability. Hardwood and laminate are roughly equal when it comes to maintenance.