Blog - Property Management
Luxury Vinyl Tile for Apartment Flooring Replacement
The apartment industry is finding better ways to keep from getting floored by high turnover costs when it comes to providing effective walkable surfaces under residents’ feet. As the comparative cost differential for hard surface floors, versus carpeting, is narrowing, luxury vinyl tile or L.V.T., in particular, is growing in demand as an appropriate surface in areas previously specified for carpeting. Income property owners and management companies are increasingly opting for L.V.T. due to two factors: First, the replacement cycle for L.V.T. is at least twice as long as a carpeted surface, and secondly; the wood plank look, (the most common L.V.T. design), is considered a more stylish or upgraded floor finish by most rental property residents. And, for smaller units, (especially studio type floor plans), L.V.T. is commonly specified for the entire unit.
Many high-end styles of LVT have the look and feel of stone, wood, and ceramic tile. To steal a phrase from the World Floor Covering Association, L.V.T. isn’t your grandmother’s vinyl kitchen flooring.
Luxury Vinyl Tile plank offers greater long-term benefits than carpet
Like many products, vinyl flooring has improved over the years since becoming a household fixture in the 1930’s. Vinyl flooring has always stood up to heavier traffic volumes and is easier to maintain. The tile and plank variety is more expensive than roll flooring and carpet but offers a high-quality look that lasts.
For apartments that are frequently replacing carpet as units turn, vinyl plank may be a good option which provides flooring services to the multifamily sector, is fielding more requests from properties that want to transition away from carpet. All or portions of units are being recovered with LVT, which is showing up in areas where carpet has been a more traditional selection. Giving a new look and feel at a reasonable cost is good way to build value and retain residents.
LVT offers the look of trendy flooring without the high investment that goes along with wood or stone floors. The extra investment in plank or carpet also helps apartments justify higher rents. Meanwhile, the resident gets a little more stylish unit without a hefty rent that comes with units featuring hardwood and natural stone flooring.
LVT has the look and feel of expensive flooring but is easier to repair
LVT is much more forgiving than other surfaces, especially carpet. Water resistant finishes are getting more and more sophisticated. Plank comes in a variety of colors, finishes and textures and installs much like wood flooring. An adhesive backing secures the material to the floor and is resilient enough that planks can be easily replaced.
In the long run LVT may be a wise flooring solution over carpet for some properties.