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The cost to install carpet is $1,780 on average for 330 square feet, the size of an average living room. This cost could range from $200 to $5,000, depending on the amount of carpet, material, and type of carpet. 

If you need 500 square feet of carpet, it’ll cost $1,500 to $5,500, while 1,000 square feet of carpet costs $3,000 to $11,000. Polyester is one of the more affordable options, ranging from $1 to $3 per square foot. Wool is a more luxurious option, ranging from $4 to $20 per square foot. 

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.

Yes, carpeted stairs are generally considered safer than stairs with hard surfaces like wood, vinyl, or tile. Carpet provides more traction, which helps reduce the chances of slips and falls, and its cushioning can lessen the severity of an injury if a fall does occur. Hard surfaces often lack the friction needed for a secure tread and can be quite slippery.

However, it's worth noting that some carpets can also be slick, particularly if they are brand new, dirty, or made from certain materials. If any stair surface feels too slippery, traction treads can be added to most materials to increase grip and improve safety.

The life span of carpet in a home with children and animals depends on factors like the carpet material’s quality, how frequently you clean and maintain it, and the level of foot traffic. On average, carpets need to be replaced every five to 15 years. Signs of wear, matting, or persistent odors may indicate that it's time to contact a local flooring company to replace your carpet.