Price is the first obvious variable to consider. It is almost always cheaper to refinish your floor than to replace it. When replacing, you must consider the cost of the new wood as well as the installation. You can offset much of this cost by installing the floor yourself, but this is a very invasive process that requires specialized knowledge and precision. You can typically refinish a wood floor yourself, with just a few inexpensive solutions. Denver Hardwood Flooring
Generally, hardwood floors need to be buffed every 3–5 years. The process usually takes about one day. Buffing refers to the process of using a stand up floor buffer. The floor is abraded with 180 grit screen on the buffer. This allows for the new coat of finish to mechanically adhere to the floor. This process works with great results as long as the floor hasn't had any waxes or synthetic cleaners. Denver Hardwood Floor

Cut a new length of flooring to fit snugly into the space of the old board. It doesn't matter what kind of saw you use to repair your hardwood floors; just make sure the cuts are perfectly square. After trimming the board to length, turn it upside down and use a chisel to chop off the lower lip of the grooved edge (photo 5). That allows it to fit over the protruding tongue of the adjacent floorboard. Test-fit the new piece. If it's slightly lower than the surrounding floorboards, shim it up with strips of kraft paper. Then remove the board and spread carpenter's glue on the tongues and grooves of the new and old pieces. Slip the new board into place (photo 6), protect it with a scrap-wood block and tap it down with a hammer. Cover the board with wax paper, then hold it down overnight with heavy books or weights. An alternative to gluing: Simply face-nail the board with 6d finishing nails. Bore pilot holes at a slight angle, then drive in the nails. Tap them below the surface with a nailset (photo 7) and fill the holes with wood putty. Lightly sand the entire board smooth, but be careful not to remove too much finish from surrounding boards. After finding a matching stain color by experimenting on scraps of flooring, stain the boards to match the original floor. Let dry overnight, then apply two coats of clear polyurethane varnish. If the old floor is unstained, just apply the polyurethane.
Floating installation: A floating installation is where the flooring is laid down in a glueless manner on top of a layer of underlay. The individual planks are locked together, and are not glued or nailed down to the subfloor. By doing this the floor is floating above the underlay, and can be laid on top of existing tile or marble, without the risk of damaging the subflooring. 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.
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It is difficult to compare solid wood flooring to engineered wood flooring due to the wide range of quality in both product categories, particularly engineered. Solid wood has some limitations. Recommended maximum widths and lengths are typically 5" / 127mm wide and 7' / 2100mm long. Solid hardwood is also more prone to "gapping" (excessive space between planks), "crowning" (convex curving upwards when humidity increases) and "cupping" (a concave or "dished" appearance of the plank, with the height of the plank along its longer edges being higher than the centre) with increased plank size. Solid wood cannot be used with underfloor radiant heating.[5] However extra care is necessary with the planning and installation of the heating system and the wood flooring, such as limiting the temperature to 85 °F (29 °C), avoid sharp temperature fluctuations, utilizing an outdoor thermostat to anticipate heating demands, and monitoring the moisture content for the subfloor before installation.
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
There are some characteristics that are common to each category: solid wood is more frequently site-finished, is always in a plank format, is generally thicker than engineered wood, and is usually installed by nailing. Engineered wood is more frequently pre-finished, has bevelled edges, is very rarely site-finished, and is installed with glue or as a floating installation. [6] Hardwood Floor
No matter what type of hardwood flooring you choose, proper care and maintenance will help them look beautiful even longer. First off, don’t let the dirt and dust collect. At least once a week, you’ll want to go over your hardwood floors with a broom or dust mop to pick up any dirt, dust, hair or pet dander. If you’re using a vacuum, make sure it’s set to ‘wood floors’ so that you’re not beating up your floors and damaging them in the process.  Hardwood Floor
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