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.
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%.
Laminate flooring is often considered to have a lower resale value than solid wood or engineered wood. Resilient flooring tends to rate even lower than laminate flooring, though categories start to overlap with better types of resilient flooring like thick rigid core luxury vinyl plank.
You should also keep in mind that vinyl plank and tile flooring might not increase the value of your home as much as laminate flooring. However, vinyl flooring can still make all the difference in how long your floors will last, which could be vital as we head into a more competitive real estate market.
If your old floors are in bad shape, any new flooring will help. While solid hardwood flooring would add more value, laminate will give your home the look of hardwood at a much lower cost, will look good for years, and your return on investment should be solid.
Cannot be refinished: Due to its composite construction and wear layer, a laminate floor can never be refinished. Once it has been damaged or worn out, laminate flooring must be replaced.
You may have already guessed it, but the floor with the highest resale value is hardwood. Since hardwood is always in demand, it is an easy choice to up level your home.
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.
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.
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.
Not moisture-proof
Being made of wood, laminate flooring is not impervious to the effects of moisture. Therefore, it's not suitable as a hard flooring for bathrooms and should be used with caution in kitchens or laundries. Light surface water for cleaning shouldn't cause issues, but saturation must be avoided.
Light Wood Laminate
For years, lighter floors were viewed as outdated or inexpensive. That is no longer the case, not by a long shot! As more homeowners embrace the light, airy feel in their homes, you will see a huge resurgence in light laminate wood floors.
Affordability. For homeowners who want durable and attractive flooring, laminate flooring is a great and affordable option. The cost of laminate flooring varies depending on factors like the quality of the material, the brand and the location. It is also significantly less expensive than hardwood flooring.
Dark colored hardwood floors are highly sought after by home buyers because they match modern styles. Lighter hardwood floors don't have that same appeal to many buyers, but buying quality hardwood can help.
Many vinyl flooring options are scratch-resistant, which can be another selling point to families with children or pets. Plus, they can get the look of hardwood floors without the upkeep. However, vinyl that looks like hardwood won't boost your home's value as much as real hardwood.
Living on a higher floor has its advantages. You get better views of your locality, better light and ventilation, and there is lower impact of street-level disturbances compared to those on the ground and lower floors. Higher floors are also usually free from the menace of mosquitoes and rodents (mainly rats).
Hardwood Flooring
what's better than 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.
Will the luxury vinyl tile flooring trend last in 2022 and beyond? Yes and no. Luxury vinyl tiles will maintain popularity, but luxury vinyl planks will take off over the next decade while LVT stays consistent.
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.
Vinyl also has a longer lifespan and better overall durability than laminate. Although it can last twice as long as laminate, vinyl (especially luxury vinyl) may involve a larger investment upfront.
Durability. 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.
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.
Colonial. Colonial-style homes have the highest resale factor when all other elements are equal.
1. It keeps the house looking consistent. If you have a color scheme or style that you love, having the same flooring flow from room to room will allow you to extend that feel throughout your entire home. Using the same flooring material ensures your home will have an elevated and cohesive design.
“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.