Why is luxury vinyl flooring great for property owners and investors?
These days, most property owners aren’t looking to install expensive natural stone tiles or easily-scratched hardwood floorboards in investment properties such as apartment blocks.
With ROI and cost-effectiveness front of mind, savvy investors are seeking out alternatives that offer both a refined look and exceptional durability that will stand the test of time.
How to choose the best flooring for investment property
Whilst high-end, expensive floor coverings like hardwood and terrazzo tiles might be suitable for expensive luxury apartments, for the vast majority of investors, it’s a case of seeking out a good reliable flooring product that looks great and doesn’t break the bank.
Luxury vinyl flooring is affordable, looks great, and is exceptionally durable. These three factors alone put it head and shoulders above some of the alternatives for investment properties where long term durability is critically important.
Property maintenance can be a burden, so it makes sense to choose a vinyl flooring product that can handle the repetitive knocks and scrapes of family life in units or villas.
Easy to maintain
Maintenance is an ongoing concern for multi-family property owners.
If you have solid wood floors in a rental investment property, you will eventually need to refinish those floors – an expensive, inconvenient process that would likely mean a major disruption to your tenants. When it comes to carpeted floors, water spills or other liquid mishaps can cause serious damage or lead to mould growth on flooring or underlays.
Even with good tenants, accidents happen – however it’s not a big deal with luxury vinyl because the flooring is highly durable, 100% waterproof and stain-resistant.
Compare this with the maintenance and upkeep of hardwood floors or carpet, and vinyl flooring presents a much more manageable option.
Metroflor luxury vinyl flooring: a contributing factor to good rental returns
Luxury vinyl tile or plank can be an important component of the perceived interior quality of your property. Authentic-looking luxury vinyl such as the Metroflor Genesis range accurately mimics far more expensive hardwood flooring, giving you a similar look at a cheaper price.
Although renters aren’t buying the property, they may be more likely to agree to a higher rental rate based on the perceived quality of a unit’s interior. Therefore, interior finishes and flooring that give a high-end appearance can help you to get better rental returns in the long run.
And when it comes time to sell, luxury vinyl and laminate flooring solutions generally don’t negatively impact property valuation like some low-quality flooring options can.
A sound-absorbing floor that is perfect for multi-unit properties
With industry-leading acoustic properties (24dB), Metroflor luxury vinyl flooring is the ultimate solution for reducing noise transfer to rooms below, making it an ideal choice for medium-density housing, apartments, and high-rise office blocks.
Plus, it is easy to install over most existing hard floors and imperfect subfloors, saving on labour, time and material costs.
Get affordable flooring without compromising on quality
Luxury Vinyl Plank (LVP) or Waterproof Hybrid flooring is one of the most affordable, durable and waterproof flooring materials to install.
Flooring options in the Genesis range offer a handpicked colour palette that is perfectly suited to New Zealand spaces, offering warmth, quiet, durability and cost-effectiveness in one easy to install package.