If you need to replace the existing flooring in your investment property, there are plenty of options out there. But you need to consider what works best for you as a landlord. If you're deciding between hardwood and laminate, use this comparison guide to help you make the right choice.
1. How Much Do You Want To Spend?
The amount you spend will depend on what you want from your investment property. For example, are you looking for something inexpensive that you can replace every few years? Or do you want something durable that only needs to be done once and left alone for a long time? If you prefer the first, inexpensive options, then laminate floors are ideal because they start from just $25 per square metre. On the other hand, hardwood floors start from $50 to $150 per square metre, depending on the quality you choose. If you decide to go for the more expensive hardwood option, then you probably don't want to change your floors regularly. Many landlords prefer the more inexpensive choice because of the possible damage that can be caused by tenants.
2. How Specific Are You About Maintenance?
Both laminate and hardwood floors require maintenance, but the degree of difficulty will depend on the floor choice. For example, hardwood floors must be properly treated without letting excessive water inundate them. Vacuuming, sweeping and light mopping chores are enough to keep them well maintained. Laminate is easier to maintain and can easily be cleaned, which is the preferred choice for many busy tenants who prefer convenience today. If you want to be sure that maintenance doesn't affect your flooring, then laminate is a good choice.
3. What Look And Feel Do You Want From Your Floors?
It's no secret that hardwood floors look exquisite and can add considerable value to your investment property. They are the ideal choice if you're looking to deliver a premium, luxe feel to your property. Laminate may not have the same finish as hardwood, but wood laminate floors resemble hardwood quite closely and can present a similar look and feel without the same price tag. Ultimately, the decision is yours as to how you want your home to look and feel, and whom you intend to rent the property out to.
Once you're able to do your own comparisons between the two flooring choices, you'll be in a better position to make your decision. Most investment property owners tend to favour wood laminate flooring because they look elegant and don't cost a fortune.