When considering a new floor for your home, luxury vinyl plank (LVP) flooring has quickly become one of the most popular choices. With its sleek appearance, durability, and ease of maintenance, it’s easy to see why homeowners in Austin are opting for luxury vinyl. But like any home improvement project, budgeting for new flooring can seem a bit daunting. Whether you’re replacing existing vinyl flooring or upgrading to something new, it’s important to understand how to plan financially for this type of flooring installation.
1. Determine the Total Square Footage of Your Space
The first step to budgeting for luxury vinyl flooring is determining how much material you’ll need. Measure the total square footage of the area you want to install vinyl plank flooring. Most flooring stores, including your local luxury vinyl flooring store, will be able to help with this process if you’re unsure. You can measure by multiplying the length and width of each room, or hire a professional to measure for you.
Once you have the total square footage, it’s important to purchase a little extra to account for mistakes during the installation process, or to account for future repairs. Typically, purchasing 10% more than the calculated square footage is a good rule of thumb.
2. Understand the Costs of the Flooring Itself
The cost of luxury vinyl flooring can vary greatly depending on the style, brand, and quality. While LVP flooring is generally considered more affordable than hardwood or tile, it’s important to do your research to understand what fits your budget. Vinyl plank flooring comes in a range of designs, from classic wood looks to trendy patterns, and the price often reflects the aesthetic and durability features.
When choosing your flooring planks, consider both the appearance and the practical aspects. For example, thicker planks might have a higher upfront cost but could offer better soundproofing and durability over time. At DECO Flooring, we provide a wide range of options to help you find the perfect vinyl plank flooring that fits your style and budget.
3. Factor in Luxury Vinyl Installation Costs
While it may be tempting to take on the installation yourself, luxury vinyl installation is a precise process that requires experience and the right tools. For example, you’ll need a utility knife to cut the flooring planks to the proper size, and you’ll also need to make sure that the subfloor is properly prepped to avoid any complications.
If you decide to have professionals handle the vinyl plank installation, it’s important to account for labor costs. Installation costs can vary depending on factors such as the size of the space, the complexity of the project, and the company you choose. Most professional installers will charge based on square footage, and you may want to check whether they offer any additional services, such as removing your existing vinyl flooring or subfloor preparation, as this can add to the overall cost.
Some companies, like DECO Flooring, may offer package deals that include both materials and installation, which could save you money in the long run.
4. Remove Existing Vinyl Flooring (If Necessary)
If you’re replacing old or damaged vinyl, you may need to factor in the removal of existing vinyl flooring. Removing old flooring can be labor-intensive and, depending on the type of adhesive used, may involve extra time and effort. However, it’s important to prepare the area properly to ensure that the new luxury vinyl flooring adheres correctly and lasts for years to come.
If you’re handling the removal yourself, you may need specialized tools, like a scraper or a utility knife, to cut the vinyl into manageable pieces for removal. If you opt for professional luxury vinyl installation, many companies will offer to remove the old flooring as part of the overall service, but this may add an additional charge.
5. Consider Additional Materials and Tools
In addition to the flooring planks and installation services, there are a few other materials you may need to complete your luxury vinyl installation project. These materials include underlayment (if necessary), trim or molding, and transition strips. The underlayment helps with noise reduction and provides a smoother surface for the vinyl, while transition strips are necessary to seamlessly connect the vinyl flooring with other flooring types in your home.
Many homeowners overlook these smaller items when budgeting, but they are essential for completing the flooring installation. Underlayment costs can vary based on the type and thickness, so make sure to ask your local luxury vinyl flooring store about the best options for your specific needs.
6. Explore DIY vs. Professional Installation
Choosing between DIY and professional vinyl plank installation can impact your overall budget. While DIY projects may seem like an easy way to save money, it’s important to recognize the complexity of installing luxury vinyl flooring. Professional installers have the experience, tools, and knowledge to handle issues such as subfloor preparation, cutting and fitting, and making sure the flooring is level and secure.
If you do decide to tackle the installation yourself, be prepared with the necessary tools, including a utility knife, a rubber mallet, spacers, and a tapping block. While DIY can be rewarding, it’s essential to understand that improper installation could lead to costly repairs down the road.
7. Plan for Unexpected Costs
Like any home improvement project, there may be unexpected costs that arise during the installation process. For example, if your subfloor is in poor condition, you may need to repair or replace it before installing new luxury vinyl flooring. Or, if your space has intricate corners or custom features, the installation may take longer and require more materials.
Be sure to set aside some extra funds for these contingencies. At DECO Flooring, we encourage customers to ask about potential issues that might arise with their specific space before starting the installation to help avoid surprises down the road.
8. Stay Within Your Budget
Once you’ve factored in all the materials, installation costs, and any additional expenses, it’s time to compare the costs with your budget. Luxury vinyl flooring is a great choice for those looking for a stylish, durable, and cost-effective option, but like any major purchase, it’s important to ensure you’re making an informed decision.
Don’t forget to ask your local luxury vinyl flooring store about any ongoing sales or promotions that could help bring the cost down. With careful planning and an understanding of the different factors involved, you can make sure that your new luxury vinyl flooring fits within your financial plan while still delivering a beautiful, long-lasting result.
