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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.

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. 

Installing carpet over carpet may negatively impact the resale value of your home. While it offers a quick fix, potential buyers may view it as a temporary solution rather than a long-term investment in quality flooring. Properly installed and maintained flooring adds value to a home, so removing the existing carpet and installing new flooring may be a better option to attract prospective buyers and maximize resale value.

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.