Despite the name of the product, luxury vinyl flooringwon鈥檛improve the value of your home in the same way that hardwood or tile does. If investment value is an important factor in your floor choice, you won鈥檛 want to overlook this consideration in the planning phase. This is an easy remodeling mistake to avoid.
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Is luxury vinyl flooring right for You?
All in all, luxury vinyl is more adaptable than it once was, and you don鈥檛 need to feel like you鈥檙e limited in choices. It doesn鈥檛 matter if you鈥檙e flipping or you just need to give your home a fresh look, the floor is sadly often neglected.
Does luxury vinyl plank increase home value?
But when choosing among different materials you may have wondered, 鈥淒oes luxury vinyl plank increase home value?鈥?The answer is a resounding yes, due to its affordable price point and added benefits of versatility, gorgeous new looks, and water resistance.
Do hardwood floors add value to a home?
Proper hardwood floor maintenance may considerably increase a home鈥檚 value. But, completely redoing hardwood floors is an expensive undertaking if you don鈥檛 plan on staying in a home. Rather than making that kind of investment right away, work with a real estate agent to see what can be done to treat the floors first.
Is hardwood or vinyl flooring better for your home?
Hardwood is expensive, but it鈥檚 impressive looking ( learn more about hardwood trends). Laminate is more affordable and retains that hardwood aesthetic. Vinyl, on the other hand, adds another layer of benefits.