Quick Answer: Does LVP Increase Property Value?
Yes. Installing Luxury Vinyl Plank (LVP) increases home value by improving marketability and appeal. Modern buyers prefer LVP over carpet due to its waterproofing and durability. While solid hardwood remains a premium asset, LVP offers a superior Return on Investment (ROI) for renovations because it costs significantly less to install while still commanding a high listing price.
The “Move-In Ready” Premium
Modern homebuyers are risk-averse. When they see old carpet or damaged wood, they calculate the cost of immediate repairs, often deducting that from their offer.
- The Psychological Impact: New LVP signals to a buyer that the home has been updated and cared for.
- The Maintenance Factor: Buyers are willing to pay more for a home that guarantees low maintenance. LVP fits this criteria perfectly, offering a scratch-resistant surface that requires no refinishing.
LVP vs. Hardwood vs. Carpet: ROI Comparison
We have broken down how different floors impact your bottom line during a sale.
| Flooring Type | Upfront Cost | Buyer Demand | Recoup Potential (ROI) |
| Luxury Vinyl Plank | Moderate | Very High | High (70-80%) |
| Solid Hardwood | High | High | Moderate |
| Carpet | Low | Low | Low (Seen as liability) |
| Laminate | Low | Moderate | Moderate |
Strategic Renovation for Resale
If you are preparing to sell, consistency is key.
- The “Continuous Flow” Strategy: Installing LVP throughout the entire main level (Kitchen, Living, Hallway) without transition strips makes the square footage appear larger. Appraisers and buyers perceive this as a high-end design choice.
- Color Trends: Neutral tones (Natural Oak, Light Hickory) appeal to the widest range of buyers. Avoid highly specific trends like heavy grey tones, which can date the home.
Frequently Asked Questions
1. Is LVP considered a permanent floor for appraisal?
Yes. Glue-down LVP or high-quality floating LVP is considered a permanent improvement to the home, unlike throw rugs or temporary coverings.
2. Will high-end homes lose value with LVP?
In homes under a certain price point, LVP adds value. In ultra-luxury estates, solid hardwood is typically expected. However, for the vast majority of residential homes, LVP is a value-add that speeds up the sales process.
