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Yes, adding new flooring can add significant value to your home, especially hard floors like wood, tile, vinyl, or laminate. It is one of the quickest ways to make a room look refreshed and new, which is a valuable update for those planning to sell or seeking an interior design change. If you update your flooring close to when you sell, you could see a return on investment (ROI) of up to 70%.

The life expectancy of your laminate flooring is 10 to 30 years, depending on how well you maintain it. Unlike hardwood flooring, you cannot refinish laminate to prolong its lifespan. So while laminate is more budget-friendly, it does not last as long as hardwood. You can increase the lifespan of your floor by maintaining a regular cleaning schedule, using the right cleaning products, and wiping up spills promptly.

As with timing, the cost to remove tile flooring varies depending on a number of factors, including size and type, adhesive type, condition of the tile and adhesive, and the method used to remove it. If you’re doing it yourself, you can expect the job to cost only the price of any tools, materials, or equipment that you don’t already have. If you’re hiring a professional, expect to pay between $2 and $7 per square foot for labor costs, along with added fees for materials.

When deciding whether to repair or replace your carpet, consider its age, the extent of the damage, and its location. It's often best to replace the entire carpet if the damage is extensive, such as large sections needing replacement, or if it's caused by water, which can lead to mold problems. Similarly, if your carpet is nearing a decade old, replacement is likely the more logical choice. On the other hand, consider repairing your carpet if the damage is localized to one spot, like minor rips or snags, the carpet is still relatively new, or the damage is in a low-traffic area of your home.