Even the high-end residential market discovered LVP floors last year. It works in wet areas such as bathrooms and laundry rooms as well as living rooms, kitchens, dining rooms, and anywhere in the house except for stairs.
While luxury vinyl flooring has come a long way from its creation and has increased in durability and visual appeal, unfortunately vinyl may decrease your resale value in the long run. It's important to recognize that while you may spend less on vinyl vs. hardwood, the ROI may be less.
Traditional hardwood flooring in teak, walnut, and oak remains in vogue in luxury homes. Geometric patterns, such as chevron and herringbone, are making a comeback in luxury properties and current trends show that painted hardwood floors can be just what's needed to glam up a high-end home.
Luxury Vinyl Tiles or Planks
At first glance, you might think of vinyl flooring as low-end, but manufacturers now produce high-end vinyl flooring tiles or planks that adapt to many uses in a luxury home. They produce the flooring in a huge array of colors and patterns, some of which mimic stone or wood finishes.
Con: LVP May Dent
Luxury vinyl flooring can dent and even scratch or scuff, especially from heavy appliances, furniture, or other weighty objects.
Less density with laminate flooring means less durability. In addition, if the wear layer on the laminate isn't treated for UV light protection, laminate flooring will fade in the sunlight. LVP is clearly superior when it comes to durability.
Most would argue that luxury vinyl plank flooring is a better choice in terms of durability. Vinyl plank flooring is usually both water resistant and scratch resistant. Especially the high quality options.
“Luxury vinyl plank is making a major comeback in vacation homes and commercial properties,” Connell says. “The look of wood has come a long way.”
LVT will never look “cheap” — it will make your life easier and enhance the look and comfort of your home.
The durability and thickness of the flooring greatly affects how long LVP flooring will last. If installed correctly and maintained appropriately, the flooring can last from 10-20 years depending on location and the thickness installed.
Hardwood Flooring
It's beautiful, it's durable, and it never goes out of style. Not to mention all of your friends, family, and neighbors aspire to have it, so you'll have your entire network envying your home's flooring design.
The best flooring for resale value: The ROI on wood floors
They're durable, versatile, and most buyers love them. According to real estate experts, the average ROI for installing hardwood floors is about 70% to 80%, and wood floors can boost the sales price of your home as much as 2.5%.
Luxury vinyl has become our most popular choice for home flooring, and for many good reasons.As mentioned previously its waterproof, low maintenance, resilient, and is one of the most budget-friendly options, too!
Additionally, LVP is durable and easy to clean, making it a low-maintenance and cost-effective flooring choice for families and pet owners. With its affordability and durability, LVP is an excellent investment for homeowners who want to update their home's flooring without breaking the bank.
Luxury vinyl plank (LVP) flooring costs $2 to $5 per square foot on average for the materials and $4 to $13 per square foot with labor. These planks cost slightly more than standard rigid vinyl planks because they tend to be thicker and softer.
LVT flooring is ideal for those on a budget. For those who want flooring that's easy to maintain, then LVP is slightly easier to maintain than LVT. Both types of flooring options are easy to install, durable and available in an array of designs.
So let's answer the above question. Luxury vinyl flooring comes with a strong top layer that resists staining and scratching, not to mention other abrasions as well. It is functional, durable, and attractive to look at. It is also easy on your budget and practically maintenance-free.
#1: Wide Plank Flooring
One of the most popular flooring trends for 2023 involves the use of wide planks. Why are people so enamored with this flooring choice? For a few reasons, namely: Wider planks require fewer seams so they help make small areas look larger.
Homeowners are gravitating toward more natural, neutral floor colors that are versatile enough to fit with a variety of living spaces, from dining rooms to bedrooms. Shades of white, cream and honey can be used in homes, luxury condos, and even commercial spaces.
“What we started to notice as people were in the pandemic and now coming out of the pandemic is steering away from those grays and those really cold modern looks and going for more warm, natural modern looks,” says Heather Knutson of Cali, a California-based flooring company with a variety of coastal-inspired offerings ...
If you have a tighter budget and want the look of hardwood without the price, go with vinyl. If you want resale value down the road, go with hardwood. If you want to attract a higher-end buyer, go with hardwood. If you want to be able to refinish it in 10-20 years, go with hardwood.
Laminate and LVT/LVP flooring are both extremely durable, but they have their weaknesses. Laminate is prone to scratches and chipped corners over time, so vinyl is probably a better choice for your home if you have pets. LVT/LVP is scratch-resistant, but it's more vulnerable to denting and tearing.
You can tell you're walking on a hard, rigid surface. Even though LVP approximates hardwood floors, some with absolute depth, the planks are still vinyl. You can feel the difference when you touch the floor's surface. You can also tell when you walk on the LVP flooring.