When it comes to updating your home with new flooring, luxury vinyl plank (LVP) flooring has become an increasingly popular choice due to its durability, affordability, and stylish appearance. It offers the look of hardwood or tile at a fraction of the cost, making it an ideal option for homeowners looking to achieve a high-end look without breaking the bank. However, just like any home improvement project, installing luxury vinyl flooring requires careful planning and budgeting.
At Vargas Flooring in Corona, CA, we understand that budgeting for a flooring project can be daunting. To help you get started, we’ve put together some tips and insights on how to budget for your new luxury vinyl flooring.
1. Understand the Costs Involved
Before you dive into a luxury vinyl flooring project, it’s essential to get a good idea of the costs involved. There are several factors to consider that will impact your overall budget:
- Material Costs: The price of luxury vinyl flooring can vary depending on the brand, style, and quality. Generally, LVP is more affordable than hardwood or tile, but the price can still differ based on the type of vinyl plank flooring you choose. You’ll find options in a wide range of prices, from more economical choices to premium styles with enhanced durability and appearance.
- Flooring Installation Costs: If you’re not planning to install the luxury vinyl flooring yourself, you will need to factor in the cost of flooring installation. Professional installation is highly recommended to ensure that your new flooring is laid properly, which can save you money in the long run by reducing the risk of costly repairs. The cost of vinyl plank installation can depend on the complexity of the project and the size of the space.
- Labor Costs: Professional installers will charge an additional fee for labor, which can vary based on the amount of time it takes to install vinyl flooring. The cost of labor often depends on the size of the area to be covered and the complexity of the job, such as removing existing vinyl flooring or other materials. In some cases, you might also need to factor in the cost of leveling your subfloor before installation.
2. Measure Your Space Accurately
One of the most crucial steps in budgeting for luxury vinyl flooring is measuring the area that needs to be covered. To get an accurate estimate of how much flooring you’ll need, use a tape measure to measure the length and width of each room where you plan to install vinyl flooring in your home. Multiply the length by the width to calculate the square footage.
Make sure to include areas that are not rectangular, such as alcoves or irregularly shaped rooms, in your measurements. Once you have the total square footage, you can purchase the right amount of flooring planks, ensuring that you don’t run out during installation.
3. Consider Removing Existing Flooring
If you have existing vinyl flooring or another type of flooring in place, you may need to remove it before installing your new luxury vinyl flooring. While some types of vinyl can be installed directly over existing flooring, it’s important to ensure that the surface is level and free from any damage.
Removing old flooring can be a time-consuming process that adds to your overall costs. If you’re planning to remove existing vinyl flooring yourself, make sure you have the right tools, such as a utility knife, to safely cut and peel back the old material. Alternatively, you may want to hire a professional to handle the removal, especially if the flooring is glued down or difficult to remove.
4. Choose the Right Type of Vinyl Flooring
Not all vinyl flooring is created equal, so it’s important to choose the right type of vinyl for your home and budget. There are two main types of vinyl flooring: sheet vinyl and vinyl plank flooring (LVP). LVP is often the preferred option for homeowners due to its ease of installation and versatility.
Luxury vinyl flooring comes in a wide variety of designs, including options that mimic the appearance of hardwood, stone, and tile. When budgeting for your new floors, consider which type of vinyl will best fit your home’s aesthetic and your personal preferences. Choosing the right design and texture will not only affect the overall cost but also the long-term satisfaction you’ll have with the floors.
5. Account for Additional Materials and Supplies
In addition to the vinyl planks themselves, there are other materials and supplies you’ll need to complete the installation of luxury vinyl flooring. These may include underlayment, adhesive (if needed), trim, and transition strips. Underlayment is particularly important in areas with moisture, such as bathrooms or kitchens, as it provides additional cushioning and helps to reduce noise.
If you plan to install vinyl flooring yourself, you’ll also need basic tools like a utility knife, a tapping block, and a rubber mallet. Professional installers will bring their own tools and supplies, but you should still factor in the cost of any additional materials needed to finish the job.
6. Look for Promotions and Discounts
If you’re working with a tighter budget, it’s worth keeping an eye out for special offers or discounts at your local luxury vinyl flooring store. Many flooring retailers offer sales, promotions, or seasonal discounts that can help you save money on materials and installation services. Be sure to ask about any current deals when you visit a flooring store or schedule an in-home consultation with a professional.
In some cases, purchasing luxury vinyl flooring in bulk or during a clearance sale can help you save significantly. It’s also worth checking if the store offers free or discounted installation for larger projects.
7. Prepare for Unexpected Costs
As with any home improvement project, it’s important to set aside a contingency fund for unexpected expenses. While you may have a solid idea of your budget based on your initial research, unforeseen issues can arise during the installation process. These might include complications with the subfloor, the need for extra materials, or delays in the shipping of your flooring planks.
Having a cushion in your budget will help you avoid financial stress and ensure that you’re prepared for any surprises along the way. A good rule of thumb is to set aside an additional 10-15% of your total flooring budget for these unforeseen costs.
8. DIY vs. Professional Installation
Deciding whether to tackle the vinyl plank installation yourself or hire a professional can have a big impact on your overall budget. DIY installation can save you money on labor costs, but it requires a good amount of time, effort, and skill. If you’re not confident in your ability to install vinyl flooring correctly, it may be worth the investment to hire a professional installer.
A professional will ensure that your new flooring is installed properly, which can extend its lifespan and help you avoid costly mistakes. Additionally, some flooring stores, including Vargas Flooring, offer warranties or guarantees on their installation services, giving you peace of mind.
By considering these factors and planning carefully, you can successfully budget for new luxury vinyl plank flooring in your home. Whether you’re installing luxury vinyl flooring in one room or throughout your entire house, taking the time to understand the costs involved and setting a realistic budget will help you achieve the floors of your dreams without overspending.