Last Updated on July 26, 2023
Many options are available when choosing to floor your home. But two popular choices are luxury vinyl planks (LVP) and engineered hardwood. While both options have their unique benefits and drawbacks, one factor that often comes into play when making a decision is cost.
Engineered hardwood flooring can range from $3 to $11 per square foot for materials alone. LVP (Luxury Vinyl Plank) flooring generally costs $2 to $5 per square foot for the materials alone. But this cost can vary depending on installation time and labor requirements.
Today, we will explore the difference in cost between LVP and engineered hardwood and other key differences between the two options. So continue reading for in-depth information.
LVP vs Engineered Hardwood Costing Difference
The cost difference between luxury vinyl plank (LVP) and engineered hardwood flooring is significant, with LVP being the more affordable option. Engineered hardwood flooring ranges from $3 to $11 sq. ft. for materials only and $6 to $20 per square foot, with installation included.
Conversely, luxury vinyl plank (LVP) flooring costs an average of $2 to $5 sq. ft. for materials and $4 to $13 per square foot for labor. The cost difference between the two types of flooring is primarily due to the materials used.
Other Key Differences Between LVP vs Engineered Hardwood
Consider these critical differences between engineered hardwood and LVP before comparing costs.
#1 Material Composition
Luxury vinyl plank (LVP) flooring is entirely composed of synthetic materials, such as PVC, making it more moisture-resistant than engineered hardwood. It also boasts resistance to scratches, making it an excellent option for high-traffic areas.
Conversely, engineered hardwood tends to be pricier due to premium natural wood veneer use. The cost can also differ based on the type of wood used, with exotic hardwoods being more expensive than domestic varieties.
#2 Aesthetics and Feel
The appearance and tactile experience of the flooring materials can greatly influence the emotional response of individuals who enter a space. When comparing LVP and engineered hardwood, there are notable differences in their aesthetics and feel.
Here are key factors to consider:
- Authenticity: Engineered hardwood provides the authentic look and feel of solid hardwood flooring, offering warmth and character. With some versions having raised grain textures, LVP may look like real wood but have a different aesthetic or feel.
- Texture: Engineered hardwood has a smooth surface consistent throughout the flooring, while LVP can have a slightly bumpy texture due to the printing process used to create the wood grain look.
#3 Plank Durability
One aspect to consider in choosing between luxury vinyl plank and engineered hardwood flooring is the durability of the planks. Luxury vinyl plank flooring is highly durable and can withstand heavy foot traffic, making it suitable for homes with pets and children.
Meanwhile, prefinished, engineered hardwood floors also have a durable finish that can last years longer than those applied by an installer. But it may not be as scratch-resistant as LVP.
The following table shows the scratch resistance and dent resistance of LVP and engineered hardwood flooring:
| Flooring Type | Scratch Resistance | Dent Resistance |
| Luxury Vinyl Plank | High | High |
| Engineered Hardwood | Moderate | Moderate |
#4 Flooring Lifespan:
On average, engineered hardwood floors can last anywhere from 20-40 years, depending on the quality of the product and how well it’s maintained. Proper care and maintenance, including regular cleaning and refinishing, can extend the lifespan of engineered hardwood.
Alternatively, vinyl plank flooring has a shorter lifespan of about 10-20 years. While it may be more affordable in the short term, there may be a better long-term investment for homeowners than vinyl plank flooring.
#5 Require Maintenance:
Engineered hardwood is susceptible to water damage, so ensure spills are cleaned promptly and protected from moisture. Also, avoid using harsh chemicals or excessively wet mopping, both of which can damage the surface of the flooring. Periodic refinishing may be necessary to keep it looking its best.
Vinyl plank flooring is highly resistant to water stains and damage, making it low maintenance. You can keep it clean with regular sweeping and occasional wet mopping. But, while it is durable and resistant to scratches, heavy furniture or sharp objects can still cause damage.
| Maintenance | Engineered Hardwood | Vinyl Plank Flooring |
| Cleaning | Promptly clean spills and avoid excessive water | Sweep and occasionally wet mop |
| Protection | Protect from moisture and harsh chemicals | Highly resistant to water damage and stains |
| Refinishing | Periodic refinishing may be necessary | No refinishing required |
#6 Installation Labour:
Engineered hardwood flooring requires more labor-intensive installation methods such as nailing, stapling, or gluing. Also, installation may require professional assistance, increasing the project’s overall cost.
In contrast, LVP is generally easier and faster to install than engineered hardwood. LVP can be installed as floating floors or using a peel-and-stick method, which is a relatively straightforward process. This saves time and money on labor costs and eliminates the need for professional assistance.
Does LVP really look like wood?
Some high-quality LVP is designed to resemble real wood closely. This is achieved through high-resolution printing technology, allowing intricate patterns and textures to be replicated onto the vinyl planks.
Also, some manufacturers even emboss the planks with a grain pattern that matches the printed design, further enhancing the realism of the product. As a result, it can replicate the look of various wood types, including oak, maple, and hickory.
Can you tell the difference between Engineered hardwood and LVP?
Upon close inspection, Engineered hardwood stands out from LVP since it’s a natural product. LVP is a synthetic material miming natural wood but lacks the natural variations in Engineered hardwood.
Engineered hardwood typically has raised graining and indented knots, which can make it feel more authentic than its LVP counterpart. High-quality vinyl floors may have similar features but won’t be identical to Engineered hardwood.
Is engineered hardwood better than LVP?
If you’re choosing between engineered hardwood and LVP flooring, engineered hardwood is more durable and long-lasting. These hardwoods have a hardwood veneer on top of a plywood or fiberboard core, which is resistant to damage and fading.
This construction method makes it less susceptible to moisture and humidity, allowing sanding and refinishing to extend its lifespan. While LVP may be more budget-friendly and easier to clean, it doesn’t offer the same value or luxury as engineered hardwood.
Is LVP used in high-end homes?
One of the reasons why LVP is becoming more popular in high-end homes is its cost-effectiveness. While hardwood flooring can be expensive, LVP is a more affordable option with the same aesthetic appeal.
Luxury Vinyl Flooring has gained popularity in high-end homes due to its ability to mimic the appearance of hardwood flooring without the high cost. This type of flooring has come a long way from its humble beginnings as a cheap alternative to hardwood.
Today, LVP comes in a wide range of styles, colors, and textures, making it a versatile option for any home. Due to its hardwood style, many homeowners, interior designers, and builders opt for LVP as a substitute for other vinyl-type options.
Does LVP raise the home value?
LVP, or luxury vinyl plank, has become a popular choice among homeowners looking for flooring that looks great, is durable, and is low-maintenance. And the good news is that LVP offers these benefits and can potentially raise your home’s value.
Also, LVP is often more scratch-resistant than hardwood, which means it can maintain its appearance over a longer period.
What is the downside of LVP flooring?
LVP has several benefits, but it can be challenging to install. The installation of LVP may require a professional instead of engineered hardwood. The cost of the project can increase as a result.
Another downside of LVP is it’s less durable than hardwood or tile. While LVP is known for its scratch-resistant properties, it can still get damaged by heavy foot traffic, furniture legs, and even pet claws.
How do I know if my LVP is high quality?
One of the best ways to determine if your LVP is of high quality is to check the thickness of the wear layer. The wear layer of the flooring is designed to protect the LVP from scratches, spills, and other types of damage.
A high-quality LVP typically has a wear layer of at least 20 mils, while lower-quality options may have a wear layer of 6 to 12 mil. The thicker the wear layer, the more durable and long-lasting the flooring.
Luxury Vinyl Plank or Engineered Hardwood: Choose one According to Your Preference
When choosing between LVP and Engineered hardwood, the cost is a significant factor. LVP is generally cheaper than Engineered hardwood, with prices ranging from $2 to $5 per square foot, while the hardwood can cost between $3 and $11 per square foot.
But the installation cost can vary depending on the project’s complexity. Other than cost, there are several differences between LVP and Engineered wood flooring. LVP is water-resistant, so it works well with high moisture levels. Engineered hardwood offers the authenticity of real wood and adds value to a home.While there are differences between LVP and Engineered hardwood, the choice ultimately comes down to personal preference and budget. Although LVP is cheap, it’s worth considering as a scratch and water-resistant flooring option, especially with its growing popularity.