Vinyl flooring is extremely water-resistant and won’t sustain damage even if water sits on the surface for an extended amount of time. Composed of plastic, it’s available in plank, tile and sheet form.
Luxury vinyl plank (LVP) and luxury vinyl tile (LVT) are two forms that have gained popularity recently because of their durability and variety of styles available. The average cost for installation varies depending on the form; the average range is $1.50 (sheet vinyl) to $6 or more (LVP and LVT) per square foot.
Pros
- Good for kitchens, bathrooms, laundry rooms and basements
- Durable
- Water- and fade-resistant
- DIY-friendly
- Many design choices available
- Easy to maintain
Cons
- LVP and LVT is more expensive than laminate
- Lower ROI than wood