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.
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.
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.
Vinyl planks are an attractive, durable, easy-to-install, and affordable flooring option. This in-depth article looks at how to select the best option for your home or business use. Hardwood planks have long been a popular flooring choice, offering unrivaled natural warmth.
Lower Resale Value than Real Wood
Vinyl plank flooring is versatile and all, but it will never be real wood. Despite vinyl's popularity, hardwood is still the most popular and desirable flooring type. If you're looking to change the floors to increase your home's resale value, investing in vinyl might not be worth it.
Vinyl has a longer lifespan and better overall durability than laminate. Don't forget to factor in your budget, however. Vinyl flooring may be more expensive than laminate flooring, especially if you choose luxury vinyl flooring.
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.
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.
Wood floors are one of the best investments you can make. 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%.
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.
There is absolutely no need to change flooring from room to room. We often work with homeowners who feel the urge to pick a different flooring for every room of their home, but there is absolutely no need to do this. Your home will look best if you create one consistent look that travels from room to room.
Luxury Vinyl Plank can add to a home's resale value in some cases, but it depends on the type of home. If the home is considered a “starter home,” such as a Duplex or Townhome, buyers might be looking for something like LVP that is durable and can withstand young children, pets, and first time homeowner mishaps.
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.
So, does LVP, or luxury vinyl plank, flooring scratch easily? On average, LVP flooring does not scratch or scuff easily, making it the perfect floor for pets and children. However, they can still roughen if you move heavy furniture without pads or a hidden nail under your belongings scratch the floors.
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.
Vinyl plank flooring is a popular choice for both residential and commercial properties because it is waterproof, incredibly durable, and designed to offer the look of natural wood at a fraction of the cost.
A single vinyl plank can hold up to 500 pounds. Since most furniture will not go under just one plank, it is perfectly safe for bulky furniture and refrigerators to go on vinyl plank flooring. Vinyl plank flooring will not be damaged or cracked by home appliances' weight due to its strong durability.
Safe on LVP (Luxury Vinyl Plank Flooring)?
Swiffers are safe on luxury vinyl planks, yes. This includes the Swiffer wetjet, which is perfect for removing stains and grease from luxury vinyl plank flooring. If you need to test out any Swiffer product, it has to be on vinyl plank floors.
Both vinyl plank and ceramic tile are known to be durable flooring options. However, ceramic can chip and crack over time. Ceramic tile is more prone to damage (think dropping something heavy on the surface) than vinyl plank. Vinyl plank is also a better option if you have children or pets.
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.
Vacuum. Vacuuming your luxury vinyl plank flooring at least once a week will truly make a difference to the maintenance of your flooring. You can either vacuum the flooring yourself or, if you want to take the easy way out while still having clean luxury vinyl plank flooring, you can buy a roomba automatic vacuum!
Luxury vinyl planks, or LVP, are built in layers, similar to hardwood laminate flooring planks, with a protective finish over multiple layers of pressed vinyl, sealed into a hardboard core, and finished with an underlayment backing.