What are the differences between an oil-based finish and a water-based finish for wood surfaces?

Oil-based finishes are made from natural oils and resins, providing a warm, amber tone to wood surfaces. They are durable and offer good protection against moisture and wear. Water-based finishes, on the other hand, are made from synthetic resins and dry faster than oil-based finishes. They have a clear appearance and are more environmentally friendly. Water-based finishes also have low odor and emit fewer volatile organic compounds (VOCs) compared to oil-based finishes.