Help on vinyl plank or refinishing hard wood floors

[Karl Dela Cruz]

Hello Everyone,

I have hardwood floors that I uncovered when pulling out the carpet.

I’m deciding if I should finish them or just buy vinyl planks. This would be done through the whole house.

It’ll cost me approx 1.3k to get vinyl planks and $700 to refinish.

Now, I don’t mind doing vinyl planks as it still fits the budget but I also would want to save money LOL.

I am stuck between getting vinyl planks then forget about em or refinish (PROVIDED that the floors are still okay) and save money and hoping I don’t have to come back or run into some issues.

What would you investors do if you were in my position. My goal is to make my portfolio passive as possible and also increase appreciation as I'm doing BRRR. Stuck on the fence right now to save or just get the planks.

Attached shows the condition of my floors.

Thanks.

[Mark F.]

I say it depends:  

For a rental put down vinyl plank flooring because it's nearly indestructible and fairly tenant proof. I recently renovated this house and someone asked me why I was covering up the hardwood floors, I explained that the wood floors can only be sanded and refinished so many times so for a rental I put the LVP over it and don't have to worry about scratches etc then if/when I decide to sell we can just pull the LVP up and refinish the hardwood then. 

For a flip, refinish them.

Just my $.02