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You can tell a carpet is good quality if it’s made of a soft, durable material and has a good face weight and density. When comparing two similar carpets, the higher the face weight, the more durable the carpet tends to be. The same goes for carpet density. A higher density of two similar carpets often indicates better quality. The ideal carpet face weight and density values depend on the carpet material and type. 

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.

Carpet stretching can be a worthwhile investment to increase the lifespan of your carpet and eliminate unsightly wrinkles, ridges, and ripples. For an older carpet that is in relatively good condition aside from some wrinkling or bubbling, restretching can make it look like new and extend its life by at least a couple of years. You should consider restretching when you notice looseness or other related issues.

However, it's important to note that stretching will not fix issues like stains, wear in the pile, or discoloration. Consider replacing the carpet instead if the repair cost is more than 50% of the price of a new one. Additionally, if your carpet is past its expected lifespan of five to 15 years, or if it has been stretched multiple times already, replacement is likely a better option.

Sheet vinyl is the cheapest DIY flooring, depending on the brand, style, and quality you choose. Not only is it one of the most affordable flooring products on the market, but it is also easy for most homeowners to install, as it only requires cutting, trimming, and gluing down to the existing floor surface. Some sheet vinyl manufacturers make a loose-lay sheet vinyl flooring that does not even need to be glued.

Carpet squares, tile stickers, painting or stenciling existing tile floors, and painting existing concrete flooring are also affordable options for DIY flooring.