and affordability. While LVF is a stylish, low-maintenance option, hardwood increases a home’s value and is a key selling point, while LVF is simply labeled ‘new flooring installed.’ LVF may add perceived value, but not necessarily monetary value.” Is Luxury Vinyl Flooring the New Hardwood? While hardwood still holds strong in many markets, LVF is closing the gap. Thanks to advancements in design, LVF now mimics the look of hardwood, stone, and tile, offering greater durability, moisture resistance, and affordability. It’s an attractive option for those seeking a stylish yet low-maintenance floor. “If given the choice and price wasn’t an issue, my customer would choose hardwood,” says Maggie Fromm, a realtor with Gabler Realty. “But LVT has come a long way and offers affordable options.” The Trend Toward Practicality For homeowners in historic neighborhoods, hardwood will always be cherished. However, some realtors are embracing LVF due to its versatility and growing acceptance in homes of various price points. The trend is clear: while hardwood remains desirable in luxury markets, LVF’s rise shows how it can be a smart, practical choice in other areas. LVT VS. HARDWOOD: KEY CONSIDERATIONS
LVT Pros • Cost-effective and affordable for budget- conscious buyers. • Water-resistant or waterproof, ideal for high-moisture areas like kitchens and bathrooms. • Easy to clean and maintain, with no need for refinishing. • Variety of styles that mimic hardwood, stone, or tile. • Quicker, cheaper installation. LVT Cons • Perceived as less upscale than hardwood, potentially affecting resale value. • May not add as much long-term value in some markets.
Hardwood Pros •
Premium look that appeals to buyers seeking traditional, luxurious aesthetics. • Long-lasting with the potential for multiple refinishes. • Higher resale value due to its perceived quality. • Timeless appeal doesn’t go out of style. Hardwood Cons • Higher upfront cost compared to LVF. • Requires ongoing maintenance like refinishing and sealing. • Vulnerable to moisture and scratches, especially in high-traffic areas.
Realtor Perspective In high-end markets, hardwood floors can add significant value, typically 5-10%, and is a key selling point. In mid-range markets, the value boost is smaller, often under 5%, but they can still help a home sell faster. While many realtors agree hardwood increases perceived value, the actual price boost depends on the local market, home condition, and competing properties. However, in more budget-conscious areas, LVF is gaining traction due to its practicality and cost-effectiveness. As LVF continues to evolve, it may complement hardwood floors, offering a versatile range of options for both buyers and sellers.
Premier Flooring Retailer D2 | 2025 39
Made with FlippingBook Digital Publishing Software