How to Budget for New Luxury Vinyl Plank Flooring
If you’re looking to enhance your home with new luxury vinyl plank flooring, it’s important to approach the project with a clear budget in mind. As a versatile and cost-effective solution, luxury vinyl flooring is a great option for homeowners who want the look of hardwood or tile without the higher cost and maintenance. However, like any flooring project, proper budgeting will ensure that you can achieve the stylish, durable floors you desire without financial surprises along the way. Here’s how to budget for luxury vinyl plank flooring, from selecting the right product to considering luxury vinyl installation.
Understanding Luxury Vinyl Plank Flooring
Before diving into the budgeting process, it’s essential to understand what you’re working with. Luxury vinyl plank flooring, often referred to as LVP, is made up of multiple layers that create a highly durable and water-resistant surface. This type of vinyl mimics the appearance of wood, stone, or tile, offering an elegant aesthetic without the high cost or upkeep associated with natural materials.
One of the main benefits of luxury vinyl is its affordability when compared to other types of flooring. Depending on the style, finish, and brand, luxury vinyl plank flooring can be a more budget-friendly alternative while still offering a high-end look.
Step 1: Determine the Size of the Area to Be Covered
The first step in budgeting for new vinyl plank flooring is measuring the space where the flooring will be installed. Start by determining the square footage of the rooms you want to cover. This is crucial because flooring materials are typically sold by the square foot, and knowing the exact size of your space will allow you to calculate how much material you’ll need.
If you have existing vinyl flooring, consider whether it needs to be removed before installation. Existing vinyl flooring removal can add to your costs if it’s an older or more difficult installation. The area under the existing flooring may also need preparation before new vinyl plank flooring can be installed.
Step 2: Choose the Right Type of Vinyl Plank Flooring
There are several types of vinyl plank flooring available, each with its own price range. While the quality of vinyl flooring is generally high across the board, there can be variations in design, thickness, durability, and texture. For example, some types of vinyl plank flooring have a thicker wear layer, which can be more durable but may come at a higher cost.
As you explore options at a luxury vinyl flooring store, ask about different finishes and features, such as water resistance or the ability to install vinyl flooring in your home without the need for glue or nails (click-lock installation). This will help you make an informed decision based on both your aesthetic preferences and budget.
Step 3: Plan for Luxury Vinyl Installation
When budgeting for luxury vinyl plank flooring, you must account for the cost of flooring installation. While it’s possible to install vinyl plank flooring yourself with a utility knife and basic tools, hiring a professional ensures a seamless installation. Professional vinyl plank installation will give you peace of mind that the flooring is properly placed and secured.
Costs for flooring installation can vary depending on the complexity of the room, the layout, and the need for additional materials, such as adhesives or transition strips. For example, if your room has an irregular shape or requires a lot of cutting, your installation costs may increase.
If you choose to do the installation yourself, make sure to factor in any necessary tools. You’ll likely need a utility knife, measuring tape, and a saw to trim flooring planks to the right size. Additionally, while DIY installation might save on labor costs, it can be time-consuming and challenging if you’re not familiar with the process.
Step 4: Consider Subfloor and Surface Preparation
A key element of the overall cost of installing luxury vinyl flooring is the condition of your subfloor. If you’re installing over existing vinyl flooring, make sure the surface is smooth, clean, and level. Any imperfections in the subfloor, such as bumps or uneven areas, will need to be fixed before you can install the new vinyl.
In some cases, your installer may need to remove existing vinyl flooring, which can add additional costs for disposal and labor. If the subfloor is damaged, you may also need to replace or repair it, further increasing your budget.
Step 5: Factor in Additional Materials
Beyond the vinyl flooring planks themselves, you’ll need to budget for additional materials. These may include:
- Underlayment: Some vinyl plank flooring types require underlayment to improve sound absorption and provide a smooth surface for installation. Check with your luxury vinyl flooring store to see if it’s necessary for your chosen product.
- Transition strips: These strips are used to smooth the transition between rooms or from the vinyl to another type of flooring. If you’re working in an open concept space or transitioning to tile or carpet, you may need a few of these.
- Baseboards or molding: After installation, you may want to install new baseboards or molding to give the room a finished look. This can be an additional cost, depending on your desired style and material.
Step 6: Account for Potential Maintenance Costs
Although luxury vinyl is low-maintenance compared to other flooring types, it still requires some upkeep to keep it looking its best. Factor in costs for routine cleaning supplies, as well as occasional maintenance. For example, specialized cleaners for vinyl flooring may be necessary to avoid damaging the surface.
While luxury vinyl flooring is resistant to scratches and moisture, it’s important to maintain it properly. Make sure to clean up spills promptly and avoid dragging heavy furniture across the flooring to preserve its appearance.
Step 7: Get Multiple Estimates
If you’re unsure about costs, it’s a good idea to get quotes from multiple luxury vinyl flooring stores. Each store may offer different prices and services, so taking the time to compare estimates can help you find the best deal for your budget. Keep in mind that the lowest price may not always be the best value, especially if it means sacrificing quality materials or installation expertise.
Step 8: Plan for Long-Term Value
While budgeting for your new luxury vinyl flooring, consider its long-term value. Luxury vinyl offers many benefits, including durability, ease of maintenance, and style versatility. When you invest in quality luxury vinyl and professional installation, you’re ensuring that your floors will last for years to come.
In addition, luxury vinyl plank flooring adds value to your home, making it an appealing option if you’re planning to sell in the future. Its attractiveness and resilience will appeal to potential buyers, allowing you to recoup some of your investment.
By carefully considering all the components of your luxury vinyl plank flooring project, you can create a budget that allows you to get the floors you want without going overboard. Whether you’re updating a single room or your entire home, proper planning and budgeting will make the process smooth and enjoyable.
