Rental Properties: Is Luxury Vinyl Flooring Worth it?
Statistics from the Department for Levelling Up, Housing and Communities' 'English housing survey 2021–22' showed that 4.6 million households (19%) rented privately. Private renters spent a third of their household income on rent, the highest percentage spent on housing of any tenure type. Due to the cost of living crisis and higher interest rates, more people are delaying buying houses and are continuing to rent. There is a huge market for rental properties and research has shown that rental homes are in high demand. It makes sense then that high quality and well finished rental properties can yield a positive income for landlords and now, more than ever, the renter is a conscientious consumer who demands a higher level of comfort in their rental home as they are more inclined to be long term renters. With that being said, it is prudent to ensure that your rental properties are both beautifully presented and also have the ability to stand the test of time.
Karndean: Looselay longboard, French Grey Oak LLP308
What is Luxury Vinyl Flooring?
Luxury vinyl flooring, also known as LVT (luxury vinyl tile) or LVP (luxury vinyl plank), is a versatile and durable flooring option that mimics the look of natural materials like hardwood or stone. It is made up of multiple layers, including a wear layer, a printed design layer, and a backing layer, which provides stability and moisture resistance. It is one of the most popular products for creating striking flooring and in particular, for creating flooring which are aesthetically indistinguishable from the natural counterparts of wood, stone and tile (but with incredible characteristics).
Why is Luxury Vinyl Flooring Ideal for Rental Properties?
1. Durability: Luxury vinyl flooring is highly resistant to scratches, stains, and dents, making it perfect for high-traffic areas in rental properties. It can withstand the wear and tear caused by tenants and their pets.
2. Easy Maintenance: Rental properties require flooring that is easy to clean and maintain. Luxury vinyl flooring is water-resistant and can be easily wiped clean, making it a hassle-free option for landlords.
3. Cost-Effective: Compared to other flooring options, luxury vinyl flooring is relatively affordable. It offers the look of expensive materials at a fraction of the cost, making it a cost-effective choice for rental properties. The initial outlay is by no means cheap but the quality and longevity is unmatched.
L.Karndean - Honey Limed Oak: Knight Tile collection R. Amtico - Villa Concrete: Amtico Spacia
Can Luxury Vinyl Flooring be Installed Over Existing Floors?
Yes, luxury vinyl flooring can be installed over existing floors, such as concrete, tile, or hardwood, as long as the surface is clean, dry, and level. This makes it a convenient option for landlords who want to update the flooring in their rental properties without the need for extensive renovations.
Is Luxury Vinyl Flooring Suitable for all Areas of a Rental Property?
Yes, luxury vinyl flooring is suitable for all areas of a rental property, including kitchens, bathrooms, and basements. Its moisture resistance and durability make it a versatile choice that can withstand the challenges of different environments.
Does Luxury Vinyl Flooring Require Professional Installation?
Professional installation is recommended for the best results and some warranties may be affected by improper installation. There is a risk of additional cost due to mistakes in installation and damaging product. Furthermore, the product may not last as long if not installed correctly. Professional flooring installation is always recommended for the best results.
L. Karndean - Honed Pebble Slate: Knight Tile collection. R. AmticoDrift pine: Amtico Spacia
How Long Does Luxury Vinyl Flooring Last in Rental Properties?
With proper care and maintenance, luxury vinyl flooring can last up to 20 years in rental properties. Regular cleaning, avoiding harsh chemicals, and promptly addressing any spills or damages can help prolong its lifespan.
Can Luxury Vinyl Flooring Be Replaced Easily?
Yes, one of the advantages of luxury vinyl flooring is that it can be easily replaced. Individual planks or tiles can be removed and replaced without the need to replace the entire floor, saving time and money for landlords.
Is Luxury Vinyl Flooring a Good Investment for Rental Properties?
Absolutely! Luxury vinyl flooring offers a combination of durability, affordability, and aesthetic appeal, making it a wise investment for rental properties. It enhances the overall value and attractiveness of the property, attracting potential tenants and reducing vacancy periods.
Luxury Vinyl Flooring for Rental Properties
Luxury vinyl flooring is an excellent choice for rental properties. Its durability, easy maintenance, and cost-effectiveness make it a practical and attractive flooring option. Whether you're a landlord looking to update your rental property or a tenant seeking a stylish and resilient flooring solution, luxury vinyl flooring is the way to go. At Hamilton Flooring we work with both Karndean and Amtico Luxury Vinyl Flooring with excellent results and a stunning array of flooring options available from both brands. Contact us today to find out more about luxury vinyl flooring for rental properties.
UNLESS OTHERWISE STATED, IMAGES ARE USED FOR ILLUSTRATIVE PURPOSES AND DO NOT REPRESENT WORK UNTAKEN BY HAMILTON FLOORING - EXAMPLES OF WORK COMPLETED CAN BE FOUND IN OUR GALLERY.