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When we purchased our home in Oklahoma it had gorgeous orange shag carpeting (NOT) over pine boards. We tore out the carpeting and finished the floors. Two things to consider if you do this. First pine is soft. We have four large dogs and it is a good thing that the home was rather, well.... rustic, because by the time we sold three years later dog nails had done a number on the floor.
Second, where do you live? Insulation issues may be a concern.
Second, where do you live? Insulation issues may be a concern.