If your goal is to complete a home remodel on a budget, your probably considering installing carpet instead of hardwood floors. The reason being that the initial purchase and installation of hardwood floors is much more expensive than carpet.
However, over the lifetime of the flooring, you will come to find that the costs of carpet will eventually surpass the cost of hardwood floor. The choice then becomes whether you want to save money during the home remodel and install carpet or save money in the long run and install hardwood floor.
Here are some of the costs of carpet in a home:
#1. Carpet & Carpet Pad
First of all, you still have to purchase the carpet and for wall-to-wall carpet in a room or an entire home will cost several thousand dollars, even if you decide to purchase a low-quality polyester carpet fiber. If you choose nylon or a natural carpet fiber the cost will increase.
You also need to purchase a carpet pad which is $3-5 per square yard. We recommend investing in a quality carpet pad too because it will help extend the lifetime of the carpet and prevent odors and mildew.
#2. Carpet Installation
You also will need to hire a professional carpet installer after you purchase the carpet. This is because the installation is very important to both the style and the performance of the carpet. You can save some money if you attempt DIY carpet removal but we do not recommend you attempt to install the carpet yourself.
#3. Carpet Cleaning
You never have to pay for someone to clean your hardwood floor. You can clean a hardwood floor with a broom and a little elbow grease.
However, you will need to hire a professional carpet cleaner each year. The cost of carpet cleaning can range from $100-$300 per year and it is not something you should ignore because the carpet will wear down fast if left dirty for too long.
You can learn more about the importance of carpet cleaning here: drycarpetcleaningtampa.com
#4. Limited Lifetime
The truth is that even the very best types of carpet will only last 10-15 years before wearing down and needing replacement. You can extend the lifetime of a carpet with proper care and limiting excessive amounts of traffic on any one area but eventually the carpet does need to be replaced. This is not true of hardwood floor. A hardwood floor can last an entire lifetime, so while the initial cost is expensive, it is a one-time cost and not reoccurring.
#5. Resale Value
The resale value of hardwood floor is much higher than carpet. You will find that homes with hardwood floors sell for a much higher price than homes with carpet if all else is equal. If your home remodel is part of a plan to sell your home sometime in the near future, you will recoup most of the costs of the remodel if you choose to install hardwood floor instead of carpet.
You can see that there are several costs of carpet that will eventually surpass the immediate cost of installing hardwood floor in your home. There is no question that hardwood floor is the better investment over time.