So what is “LVP” and why is it the best thing since sliced bread when it comes to rehabbing homes, especially homes or units that will be rental property? Making your rental properties look great, be durable, less expensive and easier to maintain is what every landlord wants.
“LVP” stands for “Luxury Vinyl Flooring” and it isn’t just any vinyl flooring. The list of reasons to use it on your rental properties and flips just keeps getting better and better…
LVP is relatively low cost with many styles costing under $2 per square foot plus installation.
Easy to Install
Costs are also kept down by the easy install procedures. Many LVP styles are just “peal & stick” while others can be glued down.
The end result is a realistic looking wood floor that most people cannot tell it is vinyl and not real wood. The final look usually doesn’t look like typical vinyl flooring and most people respond by saying “great looking wood floors”. Having a great looking floor is a great selling point and makes renting properties easier.
The durability and ease of repair has to be the best feature for landlords. This can be especially key on lower income units where extra durability is needed against tenants who don’t take the best of care of a rental property.
As to repairing damage, be sure to beep an extra box of flooring planks for the future. When a repair is needed, all you have to do is peal the damage piece up and stick down a new one. Super fantastic and easy.
In addition to saving money at the initial install and when having to do repairs, don’t forget you save the cost of cleaning and replacing carpets.
Owning rental properties which are rehabbed in durable way helps landlord’s save money and sleep better.