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The average cost to install new flooring is around $3,162, with a typical price range between $1,530 and $4,860. On a per-square-foot basis, you can expect to pay an average of $3 to $22, including installation. Several factors influence the total price, including the flooring material, project size, geographic location, and any special features. Material choice is a significant cost driver; vinyl plank, linoleum, and carpet are on the lower end ($3 to $7 per square foot), while stone, tile, and hardwood are more expensive, with hardwood reaching up to $22 per square foot. Prices can also vary by region, and installing flooring on stairs will add to the cost, typically ranging from $11 to $160 per step.

Decent carpet will last around 10 years on stairs. Some less durable carpets, like polyester, will only last five years on stairs. The ideal carpet, like wool or nylon, can last about 15 to 25 years. You’ll know when to replace it when it starts wearing down. You may have to replace it sooner if it's stained, whether due to water damage or pets.

In most cases, you do not need to put padding or underlayment under carpet tiles. Unlike traditional carpet, which requires a separate pad, carpet tiles are designed to be installed directly onto a firm subfloor like plywood, concrete, or tile. Many carpet tiles come with a built-in underlay and attach with peel-and-stick adhesive, double-sided carpet tape, or glue. For a more comfortable, cushioned feel, especially in residential settings, you can opt for padded carpet tiles that have a thicker underlay attached. While it's generally not recommended to install a separate pad, a compact underlayment might be used in some situations, though this typically requires professional installation. An acoustic underlay may also be considered in commercial spaces or multi-level homes where noise reduction is a priority.

Experts advise that replacing carpeting can bring a 50% to 80% return on investment. However, new carpeting doesn’t necessarily add value to your overall home value. Because flooring value heavily depends on taste, it can be tricky to determine whether new carpet will increase your home sale price. Carpeting tends to be a renovation that increases overall comfort and aesthetics for your home, but it’s not a big factor in value.