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The Benefits of LVP (Luxury Vinyl Plank) Flooring

It delivers the best combination of cost, durability, appearance, and longevity - beating out carpet, laminate, and even hardwood in most rental scenarios.

Audience: rental property owners evaluating flooring upgrades, especially those looking to reduce turnover costs, increase durability, improve appearance, and maximize long-term ROI.

Luxury Vinyl Plank (LVP) has become the industry standard for rental properties and for good reason. 

If you’re considering a flooring upgrade, LVP is likely the smartest choice.

FAQs ❓

Is LVP better than carpet for rentals?
Absolutely it lasts far longer, looks better, and avoids odor/stain issues.

Is LVP waterproof?
Most modern LVP is fully waterproof; some varieties are only water-resistant.

Does LVP scratch easily?
Not under normal use. It’s more scratch-resistant than laminate and softer on noise than tile.

Does LVP look cheap?
High-quality LVP closely resembles hardwood and is very attractive to renters.

Why LVP Is the Best Flooring Choice for Rentals 

Here are the major benefits and why owners see such strong returns after switching.

1. Extremely Durable for Rental Traffic 

LVP is designed to withstand:

  • Minor scratching

  • High foot traffic

  • Furniture movement

  • Active households

  • Spills and regular cleaning

Unlike carpet, which degrades quickly, or laminate, which swells with moisture, LVP maintains its appearance for years.

2. Waterproof (or Highly Water-Resistant) 

This is especially valuable in:

  • Kitchens

  • Bathrooms

  • Laundry rooms

  • Entryways

  • Basements

Water damage is one of the top causes of flooring replacement. LVP eliminates most of that risk.

3. Long Lifespan — Often 15–20+ Years 

Good-quality LVP can last two to four times longer than carpet.

Instead of replacing flooring every time a tenant moves out, owners typically replace LVP:

  • Only after major damage

  • When planks wear down naturally

  • Every 15–20 years depending on usage

That’s a major reduction in turnover cost.

4. In Some Cases, Easier to Repair — Replace a Few Planks, Not the Whole Floor 

If damage occurs:

  • Individual planks can be replaced quickly in some cases (not all)

  • Repairs are inexpensive compared to carpet or hardwood

This flexibility dramatically reduces maintenance costs.

5. Highly Attractive to Renters 

Renters consistently report preferring:

  • Hard-surface flooring

  • Clean, modern aesthetics

  • Flooring that doesn’t trap odors

  • Flooring that feels updated

LVP’s resemblance to hardwood boosts listing appeal and can justify slightly higher rent.

6. Resists Odors and Stains 

Carpet absorbs:

  • Pet odors

  • Smoke

  • Food spills

  • Everyday smells

LVP does not — which makes turnovers faster and potentially with less cost.

7. Budget-Friendly Installation Costs 

LVP is far more affordable than hardwood or tile and often cheaper than higher-grade carpet.

Average installed price:

$3–$7 per sq. ft.
(depends on quality and region)

Compared to:

  • Tile: $10–$15+ per sq. ft.

  • Hardwood: $8–$12 per sq. ft. (basic to mid-range); $12-20+ (premium)

  • Carpet (quality padding): $3–$8 per sq. ft. but replaced far more often

Over the lifespan, LVP is by far the most cost-effective option.

8. Works in Nearly Every Room 

Owners can install LVP throughout the home, including:

  • Living rooms

  • Hallways

  • Bedrooms

  • Kitchens

  • Bathrooms

  • Laundry areas

This creates a consistent, modern look while eliminating most flooring transitions.

9. Reduces Turnover Time and Costs 

Turnover flooring issues are among the top delays during make-ready.

With LVP:

✔ No carpet cleaning appointments

✔ No lingering odors

✔ Minimal moisture risk

✔ Fast spot repairs

✔ Rare full replacements

This results in faster re-listing and fewer vacancy days.

10. Better for Allergy-Sensitive Tenants 

Carpet holds:

  • Dust

  • Pet dander

  • Allergens

  • Pollutants

LVP is hypoallergenic and easy to keep clean, broadening your potential renter pool.

When LVP Might Not Be Ideal 

Rare situations include:

  • Very uneven subfloors (additional prep needed)

  • Homes requiring historical or high-end finishes

  • Very low-quality installation environments

But for 98%+ of rental homes, LVP is an excellent choice.

Recommended LVP Features for Rentals

Choose LVP with:

✔ 6–20 mil wear layer

✔ Waterproof core (WPC or SPC)

✔ Attached underlayment

✔ Scratch-resistant coating

✔ Mid-tone color (not too light or too dark)

These features maximize lifespan and reduce maintenance.

Quick Summary: Why LVP Is #1 for Rentals 

✔ Longest lifespan for the cost

✔ Waterproof

✔ Easy repairs

✔ Great appearance

✔ Pet-friendly

✔ High tenant demand

✔ Lower turnover costs

✔ Minimal odor retention

It’s one of the most impactful upgrades an owner can make.

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