As a real estate expert, I have seen firsthand the impact that flooring can have on the value of a home. And when it comes to increasing value, luxury vinyl plank flooring is a top contender. Its durability and water resistance make it an excellent choice for high-traffic areas like rental properties, kitchens, bathrooms, and laundry rooms. But there are some important factors to consider when choosing luxury vinyl for your home. While this material is known for its durability and water resistance, it is softer than hardwood and tile.
This means that it may not add as much value to your home as other flooring options. However, that doesn't mean it should be overlooked. In fact, luxury vinyl sheets can still make a significant difference in the longevity of your floors, which is crucial in today's competitive real estate market.So, does luxury vinyl plank flooring actually increase the value of a home? The answer is a resounding yes. I recently purchased a house where the previous owners had just installed luxury vinyl plank flooring less than two years ago.
This means that if I were to replace the flooring, I would have to remove and replace the entire floor since the hardwood cannot be reused. One area where luxury vinyl plank flooring really shines is in basements. With its moisture resistance and incredible durability, it is an ideal choice for this often damp and high-traffic space. But one mistake that can significantly lower the resale value of a home is installing two different types of flooring in the same area. Trust me, I've seen it happen. When it comes to choosing between luxury vinyl plank and hardwood floors, there are some important considerations to keep in mind.
While luxury vinyl may be more affordable and easier to maintain, hardwood floors tend to provide a higher return on investment. Plus, the flexibility of luxury vinyl can also mean that it is less able to withstand heavy objects being placed on it, which can be a concern for some homeowners. Another flooring option that is comparable to luxury vinyl plank in terms of affordability, durability, and maintenance is tile. And for those looking to add a touch of luxury to their bathroom, waterproof floors are a must. Not only do they provide a high-end look, but they also offer functionality and practicality. However, it's important to note that hardwood floors are not as easy to install as other types of flooring.
They require proper placement and nailing, which can be a more time-consuming and costly process. But when it comes to maximizing the value of your home, hardwood floors are often the top choice. To make it easier for homeowners to choose the best flooring option for their home, I have compiled a list of the top choices that provide the best return on investment. And luxury vinyl plank flooring is definitely at the top of that list.
