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• By FZ Admin
• In Luxury Vinyl

How to Budget for New Luxury Vinyl Plank Flooring

When you decide to upgrade your space with new luxury vinyl plank flooring, it’s essential to understand how to budget for it effectively. With so many choices in both product types and installation methods, it can be overwhelming to figure out exactly how much you’ll need to spend. At Waters Flooring Center in Winterville, NC, we’re here to guide you through the process, ensuring that your new floors fit both your style and your budget.

1. Understanding Your Flooring Needs

Before you even think about pricing, take a moment to assess your specific needs. What type of flooring will suit your space? Is there an existing vinyl flooring that needs to be removed, or are you installing luxury vinyl flooring over another surface? These are key considerations that will influence the cost of your project.

Luxury vinyl is a versatile flooring type, available in a variety of colors, styles, and textures. It’s designed to mimic the look of natural materials like wood or stone, but with greater durability and easier maintenance. Luxury vinyl is a great option for high-traffic areas, kitchens, bathrooms, and even basements.

2. Calculate the Area to Be Covered

The first step in budgeting for luxury vinyl installation is determining how much flooring you need. To do this, you’ll need to calculate the square footage of the area where you’ll be installing the flooring. Measure the length and width of the room, then multiply those numbers to find the total square footage. Keep in mind that it’s always best to overestimate a bit, allowing for potential mistakes or future repairs.

If you’re replacing existing vinyl flooring, you’ll need to factor in the cost of removing and disposing of the old material. This additional step in the process will increase your overall budget, but it may be necessary for a proper luxury vinyl installation.

3. Choose Your Luxury Vinyl Plank Flooring

Luxury vinyl plank flooring comes in a wide range of options, from budget-friendly choices to premium varieties. It’s crucial to choose the right type of vinyl that fits your style and your budget. The price of luxury vinyl can vary depending on factors like:

• Thickness of the planks: Thicker planks tend to be more durable but may cost more upfront.
• Wear layer: The wear layer protects the surface from scratches, dents, and stains. A thicker wear layer typically means more durability, which may add to the cost.
• Design and finish: More intricate designs and finishes can affect the price of vinyl plank flooring. If you’re looking for flooring that resembles natural wood or stone, expect to pay a premium for those aesthetics.

Work with your local luxury vinyl flooring store to explore different brands and styles within your budget. Don’t hesitate to ask questions about the benefits of specific types of vinyl flooring. A knowledgeable flooring specialist can help you identify the best option for your needs.

4. Consider Installation Costs

Once you’ve selected the perfect luxury vinyl for your space, it’s time to think about installation costs. Some homeowners opt for DIY installation, while others prefer professional help. While DIY might save you money upfront, professional vinyl plank installation ensures a seamless, long-lasting result.

Installing luxury vinyl plank flooring can be tricky for those without experience, and mistakes can add to the overall cost of the project. Even though luxury vinyl is designed to be user-friendly, achieving the perfect fit requires precision. For instance, you’ll need the right tools, such as a utility knife to trim the planks, a tapping block to fit them tightly, and a rubber mallet for tapping them into place.

If you choose to hire professionals for vinyl plank installation, the cost will depend on factors like the complexity of the project, the size of the area, and the company’s labor rates. Most professional installers will also handle the removal of existing vinyl flooring, adding to their overall service cost.

At Waters Flooring Center, our experienced installation team is trained to ensure that your new floors are installed correctly, with no surprises. When getting an estimate for luxury vinyl installation, make sure to ask about any additional services, such as floor preparation, subfloor repairs, or the disposal of old materials.

5. Prepare for Additional Expenses

Aside from the cost of the flooring and installation, there may be additional expenses involved in your project. These could include:

• Subfloor preparation: If the subfloor under your existing vinyl flooring is damaged, uneven, or unlevel, you may need to have it repaired before installing your new floors.
• Underlayment: Some types of vinyl plank flooring require an underlayment for added comfort and noise reduction. This additional layer is often necessary for certain types of vinyl installation, especially in areas like kitchens or bathrooms.
• Trims and moldings: Don’t forget to budget for baseboards, transition strips, and other trims. These finishing touches help complete the look of your new floors and ensure a professional appearance.

6. Evaluate Your Long-Term Investment

While luxury vinyl flooring may require a higher initial investment compared to other types of flooring, it’s important to evaluate it as a long-term investment. The durability of luxury vinyl, combined with its ease of maintenance, makes it a great option for homeowners who want floors that will stand up to wear and tear over time. In addition, vinyl plank flooring is resistant to moisture, which means it can last for many years, saving you from costly repairs or replacements in the future.

The lower cost of maintenance is another factor that helps offset the initial expense. Unlike traditional hardwood floors, which may require refinishing and upkeep, luxury vinyl only requires occasional cleaning. Additionally, some luxury vinyl flooring brands offer warranties to protect your investment.

7. Shop for Deals and Promotions

When budgeting for luxury vinyl flooring, look for sales or promotions that can help bring down the overall cost of your project. Many flooring stores, including Waters Flooring Center, offer discounts or special financing options that can make high-quality flooring more affordable.

Consider purchasing your flooring during a seasonal sale, or ask your local luxury vinyl flooring store about bulk purchasing discounts if you’re completing a larger project.

Remember, when shopping for vinyl plank flooring, don’t just focus on the price. It’s equally important to find a quality product that will serve your needs in terms of durability, aesthetics, and ease of maintenance.

By carefully considering each of these factors, you’ll be better prepared to budget for your new luxury vinyl plank flooring. Whether you’re updating one room or your entire home, taking the time to plan ahead will ensure you stay within your budget while achieving the stylish, durable floors you’ve always wanted.