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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 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.

There are a few different types of finishes to choose from for the final step of the project. 

Water-based polyurethane sealants emit fewer odors and fumes but dry quickly, which can pose a challenge when trying to get a smooth coat. Oil-based polyurethane sealants let out more odors and fumes into the air (it’s especially important to wear a respirator if you choose this type), but they take longer to dry, which can be more forgiving during the finishing step. 

Some may prefer wood oil to polyurethane because rather than creating a layer, it becomes part of the wood. Wood oil takes longer to dry, and is less resistant to wear and tear; however, it creates a natural-looking result by enhancing the grain of the wood. 

Raising a sunken living room requires help from a professional contractor. The expert will remove existing flooring and trim, reroute utility lines with respect to the new floor level, pour concrete to fill the recessed space, and then let the concrete cure. After the foundation is raised up, the contractor will install the new utility lines, repaint the walls, if necessary, and finish the area with flooring and trim.