Saving money on the flooring in your rental property is huge! If your tenants caused a new floor to be purchased, you want to buy a floor that can take more abuse than the last one.
I'll have a few recommendations below because I had a rental home years ago and needed to make this decision too. It wasn't as costly since I owned the flooring company, but hey, at least we have the best flooring prices in the US.
When it comes to your investment property, you want it to look amazing for as little cost as you can get it. A good alternative is cheap flooring for a rental when you start looking. Of course you want to get the same look for a lower price! You may have some reservations about this, but we have 4 reasons why inexpensive flooring for a rental is the right deal for you!
1. You'll save money for other renovations!
The money you'll save when you choose value flooring for your investment property can be used on other renovations, or to buy new furniture or appliances for your property. If you want a hardwood floor in one room but need to buy a new stove for your property, you can compromise with cheap flooring so you can also get the new appliance. Or if you want to spend more money on flooring for one room but go with a lower-end flooring in another, you will be able to do that.
2. You will still get the same great look!
Just because you are going with a cheap floor does not mean you will be compromising the look you are going for. You can still get the same great cabin look with a lower-end wood floor for example, or the same crisp and clean look in a modern style condo with less expensive tile or even laminate. You can find exactly what you are looking for in a cheaper option! You can find the same great colors and style that you want for your rental for a less expensive price!
Consider Rigid Vinyl Flooring For Your Rental Property
The most popular choice right now for inexpensive flooring is Luxury Vinyl Plank, or LVP. LVP is an extremely durable resilient floor that clicks together. Most of the LVP that is on the market today comes with an attached underlayment. That means there are no extra materials needed. No Adhesive or underlayment. And because of the click-together locking system, installation is easy. A great DIY project! At ReallyCheapFloors.com we are now offering a first quality 12 mil LVP in 2 great visuals for only $1.39 square foot. Our TrackRock Classic from Bruce is a great quality floor at a great deal thanks to a special overstock deal that we recently made with AHF, owners of Bruce, Robbins, Hartco, and other great flooring labels. And LVP is much better about not getting scratches or gouges than other materials like laminate flooring. Available in planks or tiles it can be used in anything from a shopping center to a pair of bathrooms. Tenants will love the look, durability and ease of maintenance of a rigid vinyl product.
Cabin Grade Engineered Flooring Would Look Great
Cabin grade hardwood flooring, whether you use a solid or an engineered floor, can be an inexpensive floor that will raise the appraised value of the home while also increasing it's appeal to potential renters or tenants. Sometimes it's more about the value than it is about the price. At ReallyCheapFloors.com we have lots of repeat customers that wait for our monthly warehouse sales to take advantage of the large variety of closeout, overstock, and small lots that we discount. These markdowns offer the perfect flooring solutions for the savvy investor that knows that money saved is better than money earned. There is no tax to be paid on money that you save!
Carpet In Bedrooms Offers Lots of Colors
Another not-too-expensive flooring choice for your rental is carpet, either in rolls or tiles. Carpet tiles work great in commercial rentals, and can be purchased in small lots for less than $2 a square foot. Labor costs can be a problem with the installation of carpet roll goods. Expect to pay $1 per square foot or more to have a pro install your carpets.
Peel and Stick Vinyl Tiles Are The Ultimate in Cheap Flooring
For many years peel and stick vinyl tiles were popular flooring choices for bathrooms, utility rooms, and kitchens of rentals. They can give you problems if you have alot of water as the adhesive that comes preapplied has a propensity of turning loose when it stays wet. Some landlords started using addition glue to stop this problem. At this time we have a high-quality self stick vinyl tile flooring option from Armstrong for only 30 cents per square foot. And these are the easiest floor to install of them all.
3. The installation will be easier!
Often times it can take days or weeks for installation of new carpet or ceramic tiles. When you choose cheap vinyl plank flooring for a investment property, you can save not only money but also time as well. That means you can get your rental on the market faster and get renters or visitors in sooner rather than later! And they won't be able to tell that you went with cheap flooring — they'll marvel at the whole look!
4. Cleaning the floors will be easier!
Budget flooring for a rental property tend to be easier to clean. And you won't have to worry about needing to have the floor cleaned a specific way or that you need a specific cleaner to keep the flooring looking so shiny and new. When you go with cheap flooring, you can use your everyday cleaner on it! It will save you money on cleaning and labor when you have a normal floor that does not require a specific cleaner!
You want your investment to look great and be good for your wallet. Cheap flooring for an investment property are definitely the way to go because you can get the same great look for a lower price! We hope that when you start renovating, you will consider budget flooring for your rental properties . Whether you are doing a department store or a couple of bathrooms in a residential rental unit, we can help you save money. Then that money can stay in your pocket where it belongs. Check out all our flooring and start planning your renovation to your rental property.
