When you are considering a home remodel or upgrade, flooring is one of the major considerations. For homes with aged hardwood floors, it can be a challenge financially and physically to find the best solution to the problem scratches, dents and water damage have caused to your flooring over the years.
Your first option is to completely remove and then replace the aged flooring. Hardwood is expensive in comparison to other flooring options, but there is simply no substitute when it comes to aesthetics. If you love the look of hardwood, but you can't salvage the home flooring you already have, remove it and replace it all with a new variety or just replace the most heavily damaged sections to be more budget conscious.
Refinishing might be the ideal solution to wood flooring that has only surface damage such as nicks and scrapes from heavy use and time. Rotted wood or wood that has been warped due to water damage can not be refinished, but if you can simply remove the top layer of the wood and reseal it, your floors will appear brand new again.
If you're trying to find the most cost effective solution for a new option in the room or home, it is simple to lay carpet over the hardwood flooring so long as the wood is not damaged to a point where it is unleveled or unsafe. Scarred wooden planks disappear under beautiful new rooms of carpet and the price is far less in most cases that refinishing the wood. If you do elect to cover your wooden flooring with carpet, be sure not to glue the carpet pad to the boards - this might be something you or a future owner would regret down the road when you decide to remove the carpet and use the hardwood again.