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I’m trying to decide if I should refinish, cover, or replace my old hardwood floors.

Refinishing is the cheapest, but won’t fix the floor being uneven in certain spots.

Replacing is the the most expensive, but will fix the all the problems, however may reveal additionally costlier issues.

Covering I always thought was a shortcut, but it was recommended to me as a budget-conscious strategy. However, I am worried (despite the contractor’s assurances) that covering will only work for a short period of time before the new floor is effected by the weaknesses of the old floor. I also do not want the creaking and “bounce” that is associated with going on top of the old floor.

The floors are not in horrible shape, but are old and are no longer level throughout.

Thoughts?