Landlords who are not on fixed mortgage terms may be exploring additional cost-cutting measures, such as in the areas of property renovation or upkeep, as a result of growing inflation driving interest rate increases. In the current difficult economic environment, the budget will likely be a major factor for landlords wishing to renovate buildings to bring them up to standard or replace outdated or worn items.
The flooring of a house is one important area that requires renovation, and it should be carefully studied to meet demands for lifespan and durability while keeping costs in check.
Fortunately, there are many flooring alternatives accessible nowadays, so it shouldn’t be too difficult to locate one that maintains style without sacrificing durability or price while still being reasonably priced.
There are various alternatives that provide inexpensive goods that are simple to install, ranging from laminate and vinyl cushions to Luxury Vinyl Tile (LVT) and Stone Plastic Composite (SPC).
With its broad design options and simple installation, vinyl cushions are unbeatably affordable.
Vinyl cushion flooring is one of the flooring options now going through significant expansion. It was originally known as lino, but it is now available on rolls and has improved greatly in quality in recent years, replicating more expensive flooring kinds in terms of designs and finishes.
A large selection of realistic textures that replicate finishes like woodgrain, tile effect, and concrete is paired with a vast variety of designs. It is a durable product that may be DIY installed since it is simple to cut.
This type of flooring provides excellent value since it is long-lasting and economical because it is easier to create than other wood-look floors. It is comprised of layers of PVC and fiberglass with a cushion backing. Because it is waterproof and feels cozy and warm underfoot, it may be utilized in every room throughout a building. In addition to being recyclable, many varieties of vinyl cushion flooring are also simple to maintain with a quick sweep or damp mop. Landlords will struggle to find a better value choice with prices starting at around £6 per square meter.
A reliable alternative with affordable possibilities is laminate flooring.
In the world of hard flooring, laminate flooring has long been a go-to option, but design options and quality have increased dramatically. Because many are click-fit and don’t require pricey specialized equipment, it’s a landlord’s favorite because installation is so simple. Even after accounting for the need for an underlay to stop moisture from penetrating the flooring from below, it is still a reasonable option.
It is a tough cookie and can weather the occasional spill since the wood fiberboard and melamine resin mixture are covered with transparent vinyl. Laminate flooring boards can range in thickness from six to twelve millimeters. However, it shouldn’t be utilized in spaces like bathrooms or ensuites since the fibreboard may expand in these environments if exposed to high moisture levels, which may result in the product buckling at the edges.
Landlords will have a wide selection of laminate flooring designs and styles to choose from, and they will have no trouble finding something that will meet their demands. You may choose from a great variety of colors and wood or tile look finishes, as well as planks that are long, short, narrow, or wide, textured, smooth, and beveled or square-edged. This allows you to choose whether you want to go modern or traditional.
The durability of real wood can be matched by luxury vinyl tile (LVT) and stone composite plastic (SPC).
LVT and SPC provide the complete range of durability, installation convenience, design alternatives, and environmental compatibility whether you’re seeking for a true long-term solution or remodeling a high-end rental and want to appeal to the discriminating tenant.
Since the majority of LTV varieties are waterproof, they may be installed in wet-foot traffic areas including community corridors, bathrooms, ensuites, laundry rooms, and other spaces.
Previously exclusively available for professional installations, LVT is now a far more widely available and reasonably priced choice thanks to the introduction of click installation planks. Due to the unlimited variety of designs and textures available in LVT, it is difficult to distinguish it from genuine wood. Realistic wood designs are grained into the design layer under high pressure, and a wear layer is then placed on top to preserve it. High-density fiberglass and PVC layers lie on top of all of this.
The plank’s solidity is comparable to a genuine wood plank that is twice as thick! Additionally, the insulative backing has low acoustic qualities, making it perfect for apartments where it’s necessary to minimize noise for residents of buildings below when wearing outside shoes on hard floors.
The present state of the economy may be making it difficult for all of us to afford renovations like new flooring, especially for those hoping to earn a respectable return on their rental properties. However, this does not imply that renovation plans should be put off. There is something available to fit any financial need with a careful investigation to identify the best alternative.