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The average cost to install hardwood flooring is $4,700. While this is more than double the average cost of installing a new carpet and removing your old one, it has some significant advantages. Hardwood flooring might not be as cozy or soundproofing as carpets, but it's lower maintenance and way more durable. With the right care, hardwood floors can last a lifetime, whereas the average lifespan of a carpet is 10 years.

Carpet stretching can be a worthwhile investment to increase the lifespan of your carpet and eliminate unsightly wrinkles, ridges, and ripples. For an older carpet that is in relatively good condition aside from some wrinkling or bubbling, restretching can make it look like new and extend its life by at least a couple of years. You should consider restretching when you notice looseness or other related issues.

However, it's important to note that stretching will not fix issues like stains, wear in the pile, or discoloration. Consider replacing the carpet instead if the repair cost is more than 50% of the price of a new one. Additionally, if your carpet is past its expected lifespan of five to 15 years, or if it has been stretched multiple times already, replacement is likely a better option.

If you want your carpet to last as long as possible, then yes, you need to install carpet padding. Carpet padding creates a layer of protection between the back of your carpet and the floor beneath it, which decreases friction and reduces wear and tear. Aside from that, carpet padding also helps absorb noise and makes your carpet feel more comfortable underfoot.

If you’re having your flooring professionally installed, both cork and bamboo are natural options that ring in at an affordable price. These flooring materials may cost as little as $2 or $3 per square foot (for comparison, some hardwood floors cost upward of $20 per square foot), and they’re also sustainable and healthy. Keep in mind that each manufacturer will set their own prices, and labor costs will add to the overall price you pay.