The goal in painting is to save the money in tearing out and refinishing what is underneath or re-installing drywall.

@Bradford Myatt welcome to the site.I'd recommend that when it's time to pull carpet you refinish the hardwoods or lay a vinyl flooring dow.

Again, tile is cheap $1 ceramic although I usually put mosaic accent wall in middle of shower (this tile is about $10 ft per sq ft)- Tile floor - $400 installation, $75 materials- Vanity: $500-$600 (can get cheaper though), faucet $120- toilet $150- tub refinishing $375, or new tub $650 (tub and installation)- shower/tub trim: $150- plumbing hook up $250Hope this gives you a good idea of costs.

In these cases, we could recarpet the house for the cheapest renovation, but we prefer to refinish the hardwood floors.  

I got hardwood floor will just refinish them.

I started ripping up all the flooring, but now i'm 2nd guessing myself because I've had about 5 people tell me now that I should of just refinished the floor and sealed the floor with 3-4 layers of polyurethane.

It's the best option and you will be amazed on what the floors look like after they have been refinished.  

We had several home projects that we requested 3 different company estimates: hardwood floor refinishing, baseboard installation, enclosing a porch to insulate with electric to add square footage to house and have sunroom, sprinkler system, outside deck/porch installation, paving of driveway, move a fence, possible foundation repair, structural engineers to clear no structural damage, inside painting companies, and attic insulation among others. 90% of all the estimates were never sent at all, or required 3+ calls to estimator and/or manager to have estimate finally sent.

In your case I would definitely get the floors refinished.  

So, if I had a gross earned income of $100,000 but spent $2,000 on refinishing hardwood floors then my gross income at tax time would be adjusted to $98,000 and then I'd be refunded the tax I previously paid on the $2,000 (100k-98k).