Because tongue-and-groove boards are locked in place, removal involves cutting out the middle of each damaged board. The easiest way is to bore a 1-in.-dia. hole through both ends of each damaged board (photo 1). Then use a circular saw to connect the two holes (photo 2). Follow these steps to safely make the plunge cuts you need to repair your hardwood floors: 1. Adjust the depth of cut to the thickness of the floorboards. Plug in the saw and put on eye protection. 2. Pull back the retractable blade guard with your thumb. Then hold the nose of the baseplate on the floorboard and lift up the rear of the saw. 3. Align the blade with the right edge of one of the holes. Make sure the blade isn't touching the floor, then squeeze the trigger and slowly lower the spinning blade into the board. 4. Grip the saw firmly with both hands and guide it in a straight line until you cut into the right edge of the hole at the opposite end of the board. 5. Move back to the first hole, align the blade with the left edge and cut to the left edge of the second hole. Pry out the middle section with a hammer and chisel. Chop out the remaining edges, being careful not to damage any surrounding boards (photo 3). The "tongue" piece will be nailed in place, so break it out in small pieces. Then pull out the nails with a hammer or locking pliers. The existing floorboards have a tongue and groove milled on each end and along the edges. Chop off the tongue exposed by the board you just removed so you can slip in the new board (photo 4). 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 Floor
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.
Glue down engineered hardwood, alternatively. If you don't want to nail down the boards, you do have the option of using adhesive to put engineered hardwood in place. It's a good choice, but won't last as long or be as sturdy as nailed down hardwood. The procedure is very similar to the nail-down process. Follow the adhesive manufacturer's instructions for installation and drying times.[11] Hardwood Floor
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