In general, it will almost ALWAYS be less expensive to refinish your hardwood floors. If you replace them, you need to pay for additional wood as well as ripping up and hauling away existing hardwood. If portions of your hardwood are damaged (e.g. pet stains or minor water stains), you can replace these sections and when you refinish them and it will all look new. Even if you have this, it will still be less expensive then replacing the whole floor.
You cannot restore every wood floor by simply refinishing it. If your wood floor has become warped or if several of the planks have become damaged, you will typically need to replace the entire floor, as finishing will only brighten an already-damaged surface. On really old floors, you may see the tongue where the boards come together, or your boards may lack adequate thickness. Floors like this are definite candidates for replacement, as refinishing is purely cosmetic. Hardwood Floor
The age of your floor also plays a role. If your floor has been in place for decades, it may resist refinishing for a number of reasons. For instance, if it has already been refinished several times or if too much of the surface wood has become exposed, refinishing your floor may have little effect. For very old floors, replacement can often be preferable to refinishing. Denver Hardwood Floor
Engineered wood flooring was created to lower the cost of wood flooring and attempt to fix some of solid wood’s shortcomings. It’s constructed from inexpensive plywood or particle board and topped with a thin veneer of hardwood. This construction helps with installation flexibility and slightly improves indent performance, but it adds a new set of problems as well. Because the “real” wood part of the floor is just a thin veneer, damage from scratches can be irreparable. Engineered wood floors are still made from porous wood, meaning they can’t be subjected to water. Denver Hardwood Flooring
With the extensive number of wood flooring options available, ranging from traditional hardwood to engineered hardwood floors, you must do your research to find the right option for your home. Additionally, installation can be a big job and it’s one that most homeowners need to hire professionals to complete. Use this cost guide to get a better understanding of the various expenses associated with installing hardwood floors in your home. Hardwood Floor
I love it! I actually have an entire wall dedicated to most of my hand tools. And I want to build a miter station along one wall at some point. I’m tempted to add a bunch of drawers for a clean look and to keep dust travel off of shelves, but I have a serious “out of sight, out of mind” mentality. I think I’m going with shelves and a few drawers as a compromise. Outstanding workmanship!
I love it! I actually have an entire wall dedicated to most of my hand tools. And I want to build a miter station along one wall at some point. I’m tempted to add a bunch of drawers for a clean look and to keep dust travel off of shelves, but I have a serious “out of sight, out of mind” mentality. I think I’m going with shelves and a few drawers as a compromise. Outstanding workmanship! Hardwood Floor
 Acacia (9)  American Walnut (1)  Ash (5)  Bamboo (22)  Beech (5)  Birch (3)  Bloodwood (2)  Brazilian Cherry (10)  Brazilian Chestnut (5)  Brazilian Koa (9)  Brazilian Oak (5)  Brazilian Walnut (5)  Cumaru (3)  Curupay (2)  Hevea (4)  Hickory (27)  Maple (14)  Oak (15)  Pecan (3)  Pine (10)  Purple Heart (2)  Red Cumaru (2)  Red Maple (1)  Red Oak (40)  Short Leaf Acacia (3)  ShortLeaf Acacia (1)  Spanish Hickory (3)  Tamboril (2)  Tauari (3)  Walnut (1)  White Oak (34) Hardwood Floor
First, most people are unable to successfully refinish the floors themselves. It takes a lot of experience to refinish properly. Most people can’t get it smooth/even and also don’t realize that you need to sand them 3 times before putting the stain on. It’s even harder to do it right if they are pine or maple floors (and if they are, they require conditioner before stain is applied). Also, once the floors have been sanded unevenly by a non-professonal, it’s even harder to correct due to the waves usually created by the non-professional.
First, most people are unable to successfully refinish the floors themselves. It takes a lot of experience to refinish properly. Most people can’t get it smooth/even and also don’t realize that you need to sand them 3 times before putting the stain on. It’s even harder to do it right if they are pine or maple floors (and if they are, they require conditioner before stain is applied). Also, once the floors have been sanded unevenly by a non-professonal, it’s even harder to correct due to the waves usually created by the non-professional.
Wood flooring can also be installed utilizing the glue-down method. This is an especially popular method for solid parquet flooring installations on concrete sub-floors. Additionally, engineered wood flooring may use the glue-down method as well. A layer of mastic is placed onto the sub-floor using a trowel similar to those used in laying ceramic tile. The wood pieces are then laid on top of the glue and hammered into place using a rubber mallet and a protected 2x4 to create a level floor. Often the parquet floor will require sanding and re-finishing after the glue-down installation method due to the small size pieces. Denver Hardwood Floor Install
Choose your replacement hardwood flooring. You don't have to replace your old floor with the exact same wood or flooring type that you just removed! You can glue your new hardwood flooring into place if you like. You can also install nail-down, floating (or locking) hardwood flooring as a replacement. The choice is up to you and what your budget allows. Denver Hardwood Floor

This process begins with the same treatment process that the rotary peel method uses. However, instead of being sliced in a rotary fashion, with this technique the wood is sliced from the log in much the same manner that lumber is sawn from a log – straight through. The veneers do not go through the same manufacturing process as rotary peeled veneers. Engineered hardwood produced this way tends to have fewer problems with "face checking", and also does not have the same plywood appearance in the grain.[3] However, the planks can tend to have edge splintering and cracking because the veneers have been submerged in water and then pressed flat. Denver Hardwood Floor Install

If your only goal is to brighten your floors and restore their original shine, consider refinishing them. But if you want to change some aspect of the floor itself, like the style of the wood, the direction of the planks or the consistency of the material, you will need to invest in a full replacement. Refinishing is ideal to restore existing wood, while replacement is ideal for establishing a completely new look or feel.
Installing a hardwood floor yourself can save you money – if you know what you’re doing. Improper preparation and installation can lead to warping and buckling, which will ruin flooring that would otherwise remain beautiful for years to come. The most important thing you can do to ensure the structural integrity of your floor is to properly prepare for the installation process. Here are various articles to help you! Denver Hardwood Floor Install
My advice is to bring in a professional to make sure the floors can be refinished (i.e. if there is still enough room/if you didn’t permanently damage the wood), and if so, have them refinish them rather than replace them – that will be much less expensive. I don’t know where you live and the going rates, but in our area, it’s prob. the price is prob. $1-2 lower…but that may be par for your area. Call in 2-3 people to see. I would check Angie’s List (angieslist.com) for some good local people in your area. Denver Hardwood Flooring
Width & Length – Plank flooring comes in a variety of widths and lengths. The most common widths are currently in the 5” – 6” range, but wider widths are rapidly becoming more popular. The length of your floor is also important to consider depending on the size of your space. Hardwood flooring comes in mixed lengths because imperfections are cut out of longer planks during production. Rigid Core flooring is built to size and comes in lengths ranging from 36” up to 80+”. Hardwood Floor
Natural warmth and beauty make wood a favorite for floors. But when the topcoat finish wears through, the porous surface of the wood is open to stains-especially beneath dining room chairs, in front of a sink and in other high-traffic, high-spill areas. Oil soap and all-purpose cleanser remove some stains, especially when the spill is fresh. But it's impossible to scrub out stains that have soaked into the wood fibers. And sanding only creates a depression in the floor that's more noticeable than the stain. The only option to repair hardwood floors at this point is to cut out the stained floorboards and install new ones. We replaced a couple of boards from a standard 3/4-in.-thick x 21/4-in.-wide oak-strip floor using a drill, circular saw and sharp chisel. To determine the exact width and thickness of the pieces you'll need, lift up a heat register or threshold and measure the exposed ends of the floorboards. You'll find hardwood flooring at a local millwork shop, lumberyard or floor-covering store.

Choose your replacement hardwood flooring. You don't have to replace your old floor with the exact same wood or flooring type that you just removed! You can glue your new hardwood flooring into place if you like. You can also install nail-down, floating (or locking) hardwood flooring as a replacement. The choice is up to you and what your budget allows.
This process involves treating the wood by boiling the log in water. After preparation, the wood is peeled by a blade starting from the outside of the log and working toward the center, thus creating a wood veneer. The veneer is then pressed flat with high pressure. This style of manufacturing tends to have problems with the wood cupping or curling back to its original shape. Rotary-peeled engineered hardwoods tend to have a plywood appearance in the grain.[3]
Although hardwood floors are amazingly beautiful and durable, they are not indestructible. The best floor maintenance plan for hardwood floors include regular vacuuming or sweeping with a soft bristle broom, especially in high traffic areas. Removing dirt or grit from your floors will reduce scratches. Vacuums with rotary brush heads can also scratch your floors. Denver Hardwood Floor
Most floors use a tongue-and-groove design for connecting adjacent strips. This design makes replacing a single strip or plank challenging, but not impossible. First, look for any nails in the damaged board and drive them as far through the board as possible by using a hammer and nail set. Carpenters use nail sets to drive nails flush with trim without damaging the trim with a hammer. After you’ve cleared the nails, it’s time to remove the damaged board and install a new one. Follow these steps:

Measure rooms one at a time. It’s easiest to measure rectangles, so if you have an “L-shaped” room, divide it into 2 rectangles and measure them separately. The length of the rectangle multiplied by the width equals the square footage. For example, a room, or section of a room, that is 20 feet long and 12 feet wide produces this formula: 20 x 12 = 240 square feet. If the flooring you are purchasing is sold by the yard, divide the square feet by 9. So, 240 square feet / 9 = 26.667 square yards. Denver Hardwood Floor
You cannot restore every wood floor by simply refinishing it. If your wood floor has become warped or if several of the planks have become damaged, you will typically need to replace the entire floor, as finishing will only brighten an already-damaged surface. On really old floors, you may see the tongue where the boards come together, or your boards may lack adequate thickness. Floors like this are definite candidates for replacement, as refinishing is purely cosmetic. Hardwood Floor
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