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Carpeting has a few benefits on stairs in addition to being a cost-effective floor covering. It absorbs sound, dampening footsteps. It also provides additional traction, which is especially important if you install linoleum floors, epoxy flooring, or any other floor covering that can become slippery if you’re wearing socks. Therefore, carpets can help prevent slips. 

The first step in budgeting for carpet is to determine the amount of carpet you need and the type of carpet you want. You might be tempted to opt for the least expensive option if you have a limited budget, but a low-quality carpet won’t last as long as a high-quality one. When accounting for future carpet repair costs, it makes sense to buy the best-quality carpet you can afford.

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.

Avoid placing carpet in the bathroom or the kitchen. After all, moisture is no friend to carpeting. Beyond that, it’s down to personal preference. Some people dislike when a garage or basement features carpet, but others enjoy it.