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Estimating Templates Remodeling
Free Hardwood Flooring Estimate Template (Excel, 2026 Cost Benchmarks)
Typical project: $4,500 – $15,000 · Timeline: 1 weeks
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Real-World Scenario: The Great Room Sand & Fin
Installation of 800 sq ft of Select Grade White Oak. Includes subfloor prep, installation of boards, and 3 coats of water-based polyurethane finish.
📊 Remodeling Trade Benchmarks (avg)
Mat Cost / Sq Ft
$6 - $12
Unfinished White Oak
Labor Cost / Sq Ft
$4 - $8
Install + Sand + Finish
Waste Factor
10%
Standard straight lay
📦 Materials Cost Breakdown
Direct Material| Line Item | Cost | Notes |
|---|---|---|
| White Oak 3-1/4 inch | $6,200 | 880 sq ft including waste |
| Abrasives & Finish | $850 | Bona Traffic HD system |
| Subfloor Prep Mat | $320 | Silicone paper + fasteners |
| Materials Subtotal | $7,370 |
👷 Labor Cost Breakdown
Direct Labor| Task | Cost | Notes |
|---|---|---|
| Surface Prep | $650 | Scraping and leveling |
| Installation | $3,200 | Cleat nailing |
| Sand & Finish (3 coats) | $2,800 | Dustless sanding |
| Labor Subtotal | $6,650 |
⚠️
Markup ≠ Margin — Don't Make This Mistake
A 28% markup on $14,020 gives 22% gross margin — not 28%. To hit a true 28% gross margin, divide your cost by 0.72.
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