The cost of a 7-year-old carpet reflects its depreciation. New carpet typically costs $1 to $6 per square foot. Given a lifespan of 5-10 years, expect to pay about 10% of the original cost. For instance, if the new carpet cost $1,000, you may pay $300-$400 for replacement after 7 years.
Next, installation fees also add to the total cost. Professional installation generally ranges from $1 to $4 per square foot. This expense may vary based on the complexity of the job, such as removing old carpet or preparing the subfloor.
Additionally, any necessary materials, such as padding, can increase expenses. Quality padding often costs between $0.50 and $1.50 per square foot. Therefore, for an average living room of about 300 square feet, total expenses could amount to anywhere from $900 to $2,700, including carpet, padding, and installation.
Understanding these costs helps homeowners budget effectively for carpet replacement. In the next section, we will explore tips for selecting the right carpet and installer, ensuring you make informed decisions that suit your lifestyle and budget.
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