Best Rental Property Flooring Options
When it comes to rental property flooring, sometimes we don’t really think about what the best return on our investment will be. Many people are now beginning to acquire properties for the purpose of rental because of how good the buyer’s market is at the moment, so today we will be discussing the best rental property flooring options for the first time property owner.
Best Rental Property
Laminate flooring is a very viable option for flooring your rental property. It has many hardwood like qualities, giving the tenant the satisfaction of a hard surface flooring without the worry of buckles and bulging. Laminate flooring is made of recycled pieces of hardwood and is a bit more flexible. Laminate is also a great solution to achieving a hardwood look without the worry of termites.
The set backs are few but the main issue is that it takes a bit more time to install than carpet and is priced higher as well. However, in between tenants makes it a worth investment as you will have no maintenance or replacement fee if the tenant didn’t destroy it.
While the qualities of vinyl flooring are a property manager’s dream, most tenants will have a stigma built up about it due to their experience with older versions of vinyl. However, it is making a rather significant comeback on the market, especially with the resilient and design advancements. Textures, planks and tiles are now available, and work wonderfully in kitchens, bathrooms, and mud rooms.The downsides will only pop up if the vinyl flooring was not properly installed or if you decided to go with a cheaper vinyl flooring. My advice for a rental property is to forego finding a deal and go for the best vinyl flooring that you can find as far as warranty and quality goes. All and all, vinyl is a great choice for rental property flooring.
The most expensive of the rental property flooring, but for good reason. Hardwood flooring is known for its superb durability and elegance. Not to mention feel free to add on a nice amount to what you charge a tenant as this flooring will enhance your property value significantly. Not to mention, if you ever decide to sell your rental property get ready for sound return on your investment.
The benefits are substantial as it really warms a rental property, but no flooring is perfect. It is expensive to both install and purchase, water can damage it at a higher level than most flooring, and it has a tendency to scratch. And with as many move ins and move outs that a property will go through while being rented, you are bound to get a few nicks and scratches as time marches on.
When it comes to choosing the right rental property flooring it is really up to you. A few things to take into consideration:
- The Frequency of Tenant Changes
- The Area of the Rental Property Geographically Speaking
- Future of the Rental Property (Rent/Sell/Lease to Own)
- Whether Units are Stacked
- Tenant Price of the Rental Property