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.
Its durability and water resistance makes it a great material to increase value in rental properties, kitchens, bathrooms, and laundry rooms. However, we don't always choose luxury vinyl for our properties. While the material is durable and stands up to water well, it's softer than hardwood and tile.
Many homeowners, interior designers, and builders are opting for Luxury Vinyl Flooring as a substitute for other vinyl-type options due to its hardwood style. Compared with other hardwood flooring it is an attractive choice for those who want some classic hassle-free flooring without high-price tags.
Even so, vinyl flooring generally will bring in a lower resale value than laminate flooring. High-quality laminate floor ranks below solid hardwood and engineered wood for resale value. But laminate flooring still commands a higher resale value than most types of vinyl flooring.
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 Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
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.
In larger single family homes, Hardwood Flooring is an upgrade that can significantly increase resale value and is often a good investment. Luxury Vinyl Plank is less likely to be seen as an asset to these homes when it comes time to sell, but many buyers still appreciate the benefits.
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%.
Con: LVP May Dent
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. However, do know that LVP resists scratches better than real hardwood.
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.
Generally speaking, vinyl sheet flooring will last anywhere from 10 to 20 years, while vinyl plank and tile flooring will last 15 to 20 years. The thickness of its wear layer vastly impacts vinyl flooring's lifespan, so pay attention to this detail when purchasing your flooring.
Luxury vinyl is made more durable by its thicker wear layer is higher quality vinyl. On the off chance a a plank does get damaged, it can be replaced rather than replacing the entire floor. Standard vinyl flooring is expected to last about 10 years with higher quality brands lasting as long as 15 years.
LVP vs. LVT. LVP comes in a plank shape and often offers the look of real hardwood with realistic scraping or embossing. LVT comes in the traditional tile squares, features more stone and concrete looks, includes surface texture for a lifelike look, and can even be installed with grout.
Greige and white oak are two of the most popular choices for hardwood flooring when it comes to house resale. They provide timeless elegance and neutrality, making them ideal for any home.
Cost. Vinyl can cost anywhere from $0.50 per square foot for a sheet to $5.00 per square foot for luxury planks or tiles. A good range to ballpark for quality vinyl would be between $2.50 to $5.00. As with most types of flooring, you will pay more for a high-quality and customized floor.
“Buyers like carpet in bedrooms, especially in basement bedrooms, for comfort and warmth.” Carpet is also much quieter to walk on than other types of flooring and can help absorb noise. It can mask sounds, such as footsteps and squeaky floors, Fisher adds.
Not Impervious to Damage
Luxury vinyl flooring is much more durable than natural hardwood. Yet, while luxury vinyl is resistant against stains and scratches, it isn't immune to damage. Luxury vinyl plank flooring is not repairable and will need to be replaced to remove scratches, scuffs, dents, and dings.
LVT will never look “cheap” — it will make your life easier and enhance the look and comfort of your home.
Although hardwood floors require more maintenance than vinyl flooring, this means that they typically last much longer than vinyl flooring. Barring any major catastrophes, with regular maintenance and refinishing when necessary, a wood floor can last decades.
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.
No. 1 Common Grade – Characterized by prominent color variation as well as prominent (but limited in size) character marks such as knots and open checks, as well as variations resulting from drying and machining processes. This grade results in a tasteful floor where prominent variation is to be expected.
If the laminate replaces old, worn carpet or sheet vinyl, you could see a value boost. But if the home already has old hardwood, you should refinish the natural wood rather than replace it with lower-quality laminate.
Ranging from $2 to $5 per square foot, luxury vinyl can be quite a bit more affordable than wood floors and even carpeting. Add to that the fact that installation is much easier, and therefore much less costly, and you can see how LVP flooring is a bargain.
Vinyl is a soft material: One of its advantages is also its greatest weakness: its lightness. Heavy furniture can dent and mark vinyl floors, while sharp objects can pierce the upper layers. Discolouration: LVT flooring can suffer from sun damage if laid in conservatories or near south-facing doors/windows.