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The cost of refinishing an average x square feet room is $ to $, costing anywhere from $. to $. per square foot. Quality of previous finish The finish that is currently on the hardwood floors can be a major factor in the work required to refinish or recoat the floors.. This articles explores what effects the cost of refinishing a hardwood floor, and compares it to the price of new installations and other alternatives.. But even if you choose to pay someone to refinish your floors, it still comes out less expensive than replacing them with new ones. So, what does it cost to have your floors refinished? On average, you can expect to pay between $. and $. per square foot..