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When compared to their solid and engineered hardwood floor counterparts, vinyl planks offer an affordable option to those who want the look and surface texture of hardwood. The main benefit of vinyl planks is their durability and water resistance, making them ideal for any room in your house or commercial space.

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While going with a luxury vinyl flooring option may wind up costing you more up front, it’s important to review the bigger picture of financial considerations. For one thing, luxury vinyl flooring offers you more options when it comes to styles and patterns. It also provides you with added durability, meaning costs for repairs in the future will be less likely. You also need to factor in how long you see yourself living in your current situation. If you only plan on staying in your home for a few years, it’s probably not that important to go with luxury vinyl flooring. However, if you’re looking to stay in a home for at least five years, it’s certainly worth it to spend a little extra on luxury vinyl flooring, which will help save you money on your floor in the long run.