I have been asked many times what is more money long term carpet or hardwood. It is really an unfair question because they are two very different products each with totally different benefits but here we go.
I did this over a 15 year period and based it upon carpet costs $3 sq ft and hardwood cost at $7 sq ft factoring in maintenance for carpet at .35 sq ft for cleaning and hardwood at $1 sq ft for a buff and coat and 2.5 sq ft for a full refinish. With customers normally replacing carpet every 7-8 years recoating their floors every 7 years and refinishing every 15 years and the house being ready to sell at the end of the 15 year period. I used 1.5 sq ft price for cheap builder grade carpet to be installed to sell the home and the area being 1000 sq ft.
Hardwood vs Carpet
Day 1 7000 3000
Year 1 0 350
Year 2 0 350
Year 3 0 350
Year 4 0 350
Year 5 0 350
Year 6 0 350
Year 7 1000 3000
Year 8 0 350
Year 9 0 350
Year 10 0 350
Year 11 0 350
Year 12 0 350
Year 13 0 350
Year 14 0 350
Year 15 2500 1500
Totals 10,500 12,050
There are different things to think of obviously the longer the period the more the hardwood will save you money. Some people dont clean their carpets as they should and some will move every 7-10 years so why invest the money into your home. But if I asked my financial planner what to do with the money he would tell me to fully fund my roth ira or whatever. Its a bad investment, I dont know anyone who picks a floor based on their return on investment. You want a floor that will last and hardwood flooring will outlast almost any carpet.