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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. 

Carpet tiles are less expensive than traditional carpet. The average cost of carpet installation is $1,800, or $3 to $11 per square foot. In comparison, carpet tiles cost $2.50 to $11 apiece and can often be bought in bulk cartons. Since you can more easily DIY carpet tiles, you may be able to save on installation costs, too.

When deciding whether to repair or replace your carpet, consider its age, the extent of the damage, and its location. It's often best to replace the entire carpet if the damage is extensive, such as large sections needing replacement, or if it's caused by water, which can lead to mold problems. Similarly, if your carpet is nearing a decade old, replacement is likely the more logical choice. On the other hand, consider repairing your carpet if the damage is localized to one spot, like minor rips or snags, the carpet is still relatively new, or the damage is in a low-traffic area of your home.

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.