LVP comes in a wide variety of brands, finishes, and levels of quality. Budget friendly options range from store stock at Home Depot and Lowes, while higher end brands such as CoreTec offer a wider variety of colors and textures. Thanks to advancements in manufacturing techniques, LVP now boasts impressive durability: It’s resistant to wear and tear, making it suitable for high-traffic areas, and is also waterproof, which is a significant advantage in areas prone to moisture. That makes LVP a great option for foyers and entryways, bathrooms, and even kitchens, with proper installation.

Traditional flooring options, such as hardwood, laminate, or carpet, vary in quality. Hardwood flooring is known for its durability and timeless appeal, but tends to come with a higher price tag and more involved installation. Laminate and carpet are budget-friendly, but also more susceptible to wear and staining.

It’s worth noting all of these traditional flooring materials do not typically offer the same level of water resistance as LVP.

One of the standout features of luxury vinyl plank flooring is its cost-effectiveness. LVP provides homeowners with the appearance of high-end flooring options like hardwood or stone without the hefty price tag. It’s a budget-friendly alternative that doesn’t compromise on style.

Average Costs: $4 to $13 per square foot with labor included.

Traditional flooring materials vary widely in cost. Hardwood tends to be on the higher end of the price spectrum, while laminate and carpet are more budget-friendly options. Keep in mind that the installation cost can add up, so factor that into your budget.

Average Costs:

• Hardwood: Between $6 and $12 per square foot including labor.
• Carpet: Between $1.30 and $15 a square foot including labor.
  (Prices vary heavily depending on quality of materials, under-carpet padding, and installation style. )

Luxury vinyl plank flooring has come a long way in mimicking the natural beauty of hardwood, stone, and ceramic tiles. With an array of styles, textures, and finishes, it’s challenging to distinguish LVP from its pricier counterparts. The variety of design options available ensures that you can achieve the look you desire.

Traditional flooring materials are often used for their timeless, luxurious appearance and varied functionality. Hardwood, for example, is a great way to warmth and elegance to a room, or create contrast between organic and natural materials. Likewise, carpet can be used to create separation between open spaces, add a welcoming, cozy feeling to rooms, or keep feet off of a cold floor without adding heat. However, the popularity of hardwood, linoleum, and vinyl are subject to trends, and some options may become outdated over time.