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It depends on the kind you choose, but some types of carpet padding can last for decades. For instance, flat rubber—which is dense, durable, and higher-priced than other padding materials—has a life span of up to 20 years. On the other hand, prime foam—a lower-priced material that often comes free with a carpet installation—lasts less than five years on average.

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.

To properly maintain and care for hardwood floors without damaging the finish, establish a regular cleaning routine. Sweep with a broom or microfiber dust mop daily, or vacuum weekly, to remove dirt and debris that can scratch the surface; be sure to clean in tight corners and under furniture. For a deeper clean, use a damp mop with a cleaner specifically designed for hardwood floors, but avoid using harsh chemicals or excessive water, as this can damage the wood. You can further protect your floors by placing mats at entryways to catch dirt and moisture and putting felt pads under furniture legs to prevent scratches. For long-term care, refinish the floors as needed to keep them looking their best.

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.