Optimizing Rental Property Flooring: The Cheapest and Best Looking Options
Introduction
When it comes to flooring in rental properties, the initial cost often seems like the final one. But what if the cheapest option ends up costing you more in the long run due to frequent replacement needs or maintenance issues? Especially considering that rentals experience more wear and tear compared to personal residences. For example, Hertz, a car rental company, doesn't opt for the cheapest vehicles to avoid the higher maintenance costs. Similarly, landlords should consider the long-term investment when choosing flooring for their rental properties.
The Best Affordable Choice: Vinyl Laminate
Recently, I redid my rental property using vinyl laminate from Home Depot. The process was straightforward, and despite it being waterproof and relatively cheap, it should last quite a while. I paid only $1.98/square foot for it. While it may not be the cheapest and best looking simultaneously, vinyl laminate and laminate are our top choices in this category. They are the least expensive and the least prone to damage, making them a smart investment.
Leveraging Laminate and Vinyl
Laminate and vinyl are durable and resistant to dents, scratches, and impacts. However, the downside of laminate is that it can swell and expand when exposed to water, which may lead to costly repairs or replacement. To avoid these issues, consider investing in vinyl flooring. Vinyl has waterproof properties, making it a more reliable choice for rental properties where spills and maintenance are common.
Waterproof Options: LVT Flooring
A good balance between price, aesthetics, and durability can be achieved with LVT (Luxury Vinyl Tile) flooring. LVT can be installed as Home Depot describes as glue-down or with a locking system. LVT glue-down flooring can be directly repaired by replacing the damaged area with new pieces, whereas a locking system may require removing the damaged area to repair it. Both options are less likely to be damaged and offer water-resistant locking systems. Various brands, such as Revwood, offer waterproof capabilities. However, the Revwood plus series comes with a higher price tag compared to regular Revwood. Additionally, warranties are often dependent on professional installation; otherwise, the warranty may be voided.
Conclusion
When selecting flooring for your rental property, it's essential to strike a balance between long-term durability and aesthetic appeal. While vinyl laminate and LVT may not be the cheapest options, their resistance to damage, water resistance, and ease of maintenance can save you money in the long run. By making an informed choice, you can provide a comfortable and durable living space for your tenants and avoid the frequent need for costly repairs.