Replacing your carpet can get expensive, especially when you consider the cost of additional items that are needed, such as the pad that goes underneath, the staples that hold carpeting in place, and the labor and tools used in installation. If you have equity in your home, opening a home equity line of credit (HELOC) might be a good way to pay for your new floor covering.
The price of carpet is calculated by the square yard, but you can figure the amount per square foot by dividing the square-yard price by nine. To determine the area of a room, multiply its width by the room length. Repeat this process throughout the area you want to carpet, and then add up the total square footage you need to carpet.
You should also use the square footage total to determine how much padding you need to place underneath the carpet. The pad ranges in price depending on the material it is made of and the thickness. Less expensive carpet padding costs about 48 cents per square foot, while thicker and more durable padding can exceed $1 per square foot.
In addition to carpeting and padding, you need to consider the cost of installation. Many home improvement stores offer “free” installation, but extra charges for taking up the old carpet, for example, can drastically raise the final price. Installers charge a certain amount for each square foot of carpet installed, usually in the range of 50 cents to $1. Additional services, such as moving furniture, hauling away old carpet and climbing stairs, can add as much as 50 cents to $2 per square foot.
Carpet types and costs
Standard quality carpeting typically costs $15 to $22 per yard to purchase and install, and should last six to 12 years. High-quality carpet runs $25 to $45 per yard, and should last 12 to 20 years.
The different types of carpeting include cut pile, loop pile and cut-and-loop.
By first asking how much does carpet cost, you can determine how much you need to spend to have carpeting installed or replaced. Make sure to keep in mind the cost of padding and other related expenses when budgeting for this project. You can effectively cut the price by paying for your new carpet with a cash-back credit card.