Installing wood flooring improves the overall appearance of a room and increases the value of your home. Hardwood flooring costs vary based on the type of wood, width of the planks, stain, adhesive, and style. On average, 50-75 percent of your budget will be for materials and the rest to installation. Some contractors will include the removal of old wood flooring or carpeting with the price of installation and trim while others do not. Learn more about costs to expect when installing hardwood flooring.