Even though it's not true hardwood, buyers will still appreciate the aesthetics and feel of these durable floors. This is what buyers really care about at the end of the day. So yes, installing new vinyl flooring in your home will raise your property value.
Your home's price point
“In our area, vinyl or laminate flooring is fine for homes at the median value or below. In higher value homes, buyers expect to see hardwood, stone tile, or luxury vinyl plank.” The flooring you choose needs to be on par with the value of your home.
Hard surface flooring will give you the best return on investment, or ROI. Hardwood will be your best bet with the highest ROI since it's the long-standing preferred flooring choice. If you currently have hardwood floors, consider refinishing them if they need a little pick me up.
True value is achieved when the product lives up to your expectations and needs relative to the cost. That's what makes luxury vinyl tile (LVT) such a great investment — it delivers what most homeowners value in upscale flooring, at a budget-friendly price.
On average, it costs between $1,000 and $12,000 to install vinyl flooring in a 1,000-square-foot space. This price is for materials only, and it does not include labor.
Vinyl stands up the best against excess moisture and spills, and it can be less expensive than laminate. However, laminate gives a more realistic wood look to enhance the design aesthetic in your home.
While luxury vinyl flooring is incredibly durable, it's not completely impervious to damage. It can scratch or scuff, especially with heavy objects such as appliances. On the positive side, luxury vinyl flooring is more scratch-resistant than hardwood, and, with LVP, you can replace pieces if they get scratched.
In high-traffic areas it can show wear and tear, and laminate can't be sanded or refinished for an updated appearance. Because of its lower price point, laminate also won't do much for your home's resale value.
New flooring can increase the value of a home by nearly 10 to 54 percent. Potential homebuyers say that they will put in a higher offer if a home has new flooring. Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
Vinyl in demand
Choices for resilient vinyl flooring include a spectrum of styles, colors, textures and patterns. Add in vinyl's easy-to-clean characteristics, comfort under foot and family-friendly stain-resistance, and the result is increasing popularity with value-hungry shoppers.
Luxury Vinyl Plank (LVP) or Luxury Vinyl Tile (LVT) has incredible hardwood floor, ceramic tile, or natural stone visuals. These products are much thicker (5mm up to 12mm) than traditional sheet vinyl floors (2mm) and can usually be installed over existing floors where sheet vinyl would most likely need a new subfloor.
Vinyl floors can last anywhere from 5 to 25 years, depending on their quality and how they're installed and maintained.
Vinyl flooring is highly durable. If installed and maintained correctly, it can last upwards of 10-20 years. That said, vinyl is a great choice for the rooms in your house that get the most foot traffic. Additionally, most vinyl flooring has a wear layer on its surface that resists scratches and stains.
If you purchase high quality, thick luxury vinyl flooring--whether plank or tile and have it installed correctly and maintain it well, you can expect a lifespan of 25 or 30 years.
While LVT is extremely durable, it isn't totally indestructible. Luxury vinyl flooring can dent and even scratch or scuff, especially from heavy appliances, furniture, or other weighty objects. Just because it's resistant to something doesn't mean it's impervious to it.
Luxury vinyl plank flooring — or LVP — is a fan favorite for its convincing wood-like looks, high-quality construction and comfort underfoot. LVP flooring is crafted with four layers including a waterproof, PVC vinyl core and a scratch- and stain-resistant top layer perfect for pets and kids.
When it comes down to finding the best flooring to increase home value, it all boils down to your market. Hardwood will likely give you the highest return, but laminate and luxury vinyl plank flooring also offer plenty of perks to buyers.
Both flooring types are compatible with underfloor heating, although vinyl is slightly more efficient. Vinyl floors have the lowest thermal resistance of all Pergo flooring solutions and act as excellent thermal conductors.
In terms of practicality, vinyl is the best option. It's built to withstand a high level of wear and tear and any spills can quickly be wiped up without the worry of water damage. Waterproof laminate – If you want something a little more luxurious, waterproof laminate flooring is a great choice.
Durability. Both vinyl and laminate flooring are extremely durable. Laminate usually lasts for up to 20 years, while vinyl flooring typically comes with a 15+ year warranty. However, you can't refinish or reseal laminate, while you can add extra layers of urethane to vinyl flooring to extend its life.
One of the best vinyl plank flooring cleaners is a cup of apple cider or white vinegar in a gallon of hot water. Dampen your mop, and mop your vinyl plank flooring in the direction of the planks. The vinegar will tackle dirt, grime, and stains without leaving behind streaks or a sudsy mess.
To wrap it up, you have to know that vinyl plank floors are not that toxic not unless you get a heavy expose. Also, most companies today choose to make vinyl planks that are not toxic elements or free of phthalates. So, don't worry about buying them because they will be safe to use.
Vinyl is the most popular form of resilient flooring (a category that also includes linoleum and cork) because it's low-maintenance, water-resistant, cost-effective, and long-lasting. It also has the perfect balance of firmness and “give,” meaning it springs a bit when you walk on it for a comfortable feel underfoot.