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Sheet vinyl is among the most affordable and durable flooring options, with prices as low as $0.50 per square foot and a lifespan of 10 to 20 years. Other inexpensive and durable choices include standard vinyl plank ($2 to $7 per square foot), which mimics wood or stone and is great for high-traffic areas. Laminate flooring ($1 to $6 per square foot), linoleum, carpeting, and concrete can also be cost-effective options, with prices starting around $2 per square foot.

Whether you install flooring before or after kitchen cabinets depends primarily on the type of flooring you are using. For materials like hardwood, tile, and sheet flooring, the best practice is to install the flooring first. This ensures the cabinets are installed at the correct height and on a stable surface. However, you should not install cabinets on top of floating floors, such as laminate or luxury vinyl plank (LVP). These types of flooring need room to expand and contract with temperature and humidity changes. Placing heavy cabinets on top can restrict this movement, potentially causing the floor to buckle and making the cabinets unstable. For floating floors, install the cabinets first and then lay the flooring up to them. Other reasons to consider installing cabinets before the flooring include saving money on materials (since you won't need flooring under the cabinets) and avoiding potential damage to your new floor during cabinet installation. Additionally, installing cabinets directly on the subfloor might prevent voiding your flooring's warranty.

The need to replace your flooring depends on the type of flooring and the amount of wear and tear it experiences through foot traffic. For example, you should replace carpet every ten years, but other, more durable options like tile can last up to 30 years. It’s best to speak with your flooring installation professional to determine the best course for replacing your flooring. 

With proper care and maintenance, hardwood floors can last for decades or even centuries. Solid hardwood and tropical wood, in particular, have the potential to be sanded and refinished multiple times, extending their lifespan. However, the longevity of hardwood floors also depends on factors such as the wood species, quality of installation, and the level of foot traffic in that area of your home.