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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.

On average, installing carpet costs between $3 and $11 per square foot, depending on factors like the carpet material, style, and labor rates in your area. Sometimes, installers will include carpet removal in these costs, so if you don’t have any carpet to remove, you can save time and spend less money on labor.

In most cases, carpeting isn’t kind to the wood that it’s attached to. Most carpet installation uses adhesive or nailing strips, both of which will damage wood. Conversely, you can choose to use an adhesive designed to be removed from wood, in which case carpeting can actually protect your hardwood stairs.

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.