Thinking about renovating your rental but unsure where to begin? Flooring is a great starting point and one of the most significant upgrades that will add value and beauty to your investment, but deciding on the correct type of flooring can be overwhelming. There are so many options out there! Which rental property flooring is the best for you? Let’s take a look at the essential details first.
Flooring Considerations For Your Rental Property
Before deciding on a new floor look for your rental property, you’ll want to keep cost, durability, aesthetics, and return on investment at the forefront. Rental properties like long-term and vacation homes have more wear and tear with excessive foot traffic and outdoor elements sneaking in, like sand, dirt, and water, depending on the location of your property, which can cause scratches, warping, and other unhealthy issues. Therefore, you want to consider long-lasting flooring, so you can make money on your investment, not lose money.
Furthermore, you want to consider the location of the property as well. Areas with high humidity can benefit from Luxury Vinyl Planks or Laminate flooring. Moisture in your floors will result in mold, mildew, and bacteria issues.
Other factors to consider,
- Durability: Long-lasting flooring is number one for rentals or vacation homes to keep your floors from being destroyed by moving furniture, recreational equipment dragged in, and heavy foot traffic.
- Neutral Style: Since you are not living in your rental, you can add a neutral look that is welcoming to most. It doesn’t have to be a specific design style. In addition, neutral colors brighten up the space and add an open, airy feel.
- Easy to Maintain: Easy upkeep is the way to go! No one wants the headache of maintaining floors, especially for renters. There are various floor types that are easy to clean with a quick sweep and mop, including Luxury Vinyl Planks.
- Affordability: As a rental property owner, your focus is to make money on your investment, not spend a ton of money on upgrades that don’t make sense for your rental. You want to balance it out so that you’ll get a return on investment. With that said, you’ll want cost-effective flooring that matches the style of the home. There are many affordable options available with today’s top trends.
- Home Value: Updated flooring imbues a fresh look, adding value to the home. You will have more people wanting to rent your long-term or vacation home with an updated style. And it will be easier to sell in the future with updated flooring.
Which Floor Type Is Best For A Rental Property?
With so many options, it’s not easy to narrow it down. Carpet is comfortable to the touch and offers a warm, cozy feel, but it’s not ideal for rental property because of staining, and it’s expensive to maintain, especially in a vacation home. With carpet in a rental, you’ll most likely have to replace it more often than other floor types.
Hardwood flooring is durable and adds a unique look but is not always a number one choice for a long-term rental or vacation home because of the price. Still, it might be a good option for some rental properties depending on location and the style of the home.
One of the most popular options for rental properties is Luxury Vinyl Planks because it’s an affordable choice and resembles the look of ceramic or wood styles and trends. Other benefits of LVP:
- Long-Lasting, 10-20 Years
- Easy To Maintain
- Scratch And Stain-Resistant
- Variety Of Decor Options
The best type of flooring may also depend on the room size and function of the room. As you can see, there are many essential factors to consider before making your final decision. We are here to help with the design process.
Get started on your new floor design for your investment.