The average cost of vinyl floor tiles or planks is about $3 per square foot, and the average installation cost is $2.50 per square foot for a total of $5.50 per square foot. However, a pre-finished, average-quality hardwood choice with installation will cost approximately $8.25 per square foot.

The one area where vinyl floors outshine hardwood floors in terms of durability is moisture resistance. Vinyl floors are virtually impervious to moisture damage, whereas hardwood floors will have to be completely replaced if they sustain major water damage.

A hardwood floor with quality finish will stand up to red wine, fizzy drinks etc and is without doubt a practical flooring option. Again however, even the best wood finishes will eventually need some sort of maintenance and will not be as 'maintenance free' as a durable wood flooring alternative such as LVT.

Solid Hardwood Flooring Crafted from solid wood planks, hardwood flooring promises durability. This type of flooring can be sanded and refinished multiple times, making it a sustainable and long-lasting investment. There is a rich variety of types of wood for floors, including oak flooring, maple, and walnut.