Like most things, you get what you pay for. Some products offer much better longevity and bang for your buck. There may be some materials more appropriate for your application than others.
I always tell my clients that it often takes a similar amount of labor to install a poor quality floor as it takes to install a top of the line floor that will last many years. Why pay to install a floor twice? It most cases, it's prudent to spend the money once and enjoy maximum longevity of your floor.
Longevity and price range is based on my own experience. Of course, your experience may very depending on the product, application, and usage.
Always check the warranty on your product. Longer warranty periods usually correlate to greater longevity especially if they include a commercial warranty.
All photos here are of floors that I have personally installed.
Not all laminates are created equal. I usually recommend Pergo brand. Otherwise the thicker laminates will last longer. Try to find a laminate that is water resistant. Laminate flooring is best if you are on a tight budget and have dry, level, low traffic rooms.
PRICE RANGE: $1-$3 per square foot
LONGEVITY: 10-25 years. Perhaps up to 50 years if a good quality product is installed correctly.
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Generally speaking, vinyl plank is a superior product to laminate. It is 100% waterproof and flexible, meaning it can handle wet areas as well as conform more easily to an uneven floor. It also is generally more expensive than laminate. Mohawk, Lifeproof, and Cali Bamboo all sell quality vinyl plank.
When purchasing vinyl plank make sure to choose a product with a thick wear layer. Generally speaking, the thicker the vinyl plank the better. This is primarily because of how fragile the joints can be. Thicker planks usually correspond to stronger joints.
PRICE RANGE: $2-$4 per square foot.
LONGEVITY: 25-50 years
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Engineered hardwood can be an affordable alternative to solid hardwood if you desire that real wood look but maybe you have a concrete slab subfloor. You might think of it as a more expensive version of laminate as it has some of the same pros and cons.
The best "engineered hardwood" product actually has a bamboo veneer with a vinyl core.
PRICE RANGE: $3-$5 per square foot.
LONGEVITY: 25-50 years
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Solid hardwood has been used for hundreds of years and for good reason.
PRICE RANGE: $5 and up per square foot. The more exotic the more expensive. Maple and Oak are some the most commonly used.
LONGEVITY: 50-100 years or more if taken care of.
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The fossilization process makes the wood planks extremely hard and durable, even harder than the hardest hardwoods. These floors are absolutely gorgeous and cost effective considering how long they last.
PRICE RANGE: $5-$8 per square foot.
LONGEVITY: 50-100 years or more if taken care of.
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