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Vinyl and laminate flooring can have a similar life span. Both well-maintained laminate and luxury vinyl flooring can last up to 25 years. The exception is the thinner type of vinyl flooring that comes in sheets and lasts less than 10 years. It’s important to note that vinyl is waterproof, whereas you can ruin laminate if it absorbs too much moisture.

While many hardwood floors can last decades with proper maintenance, choosing a harder wood type, like hickory, can help extend the life span of your hardwood floors and reduce the amount of maintenance needed to keep them looking new and shiny. Softer hardwoods, like walnut, may not last quite as long as other types.

When it comes to linoleum versus laminate, the better choice depends on your personal needs. Linoleum tends to last longer but is more difficult to install. Laminate is less eco-friendly and less durable, but it is easy to install without a professional. 

Both options come in a wide variety of styles, but many prefer the look of laminate. Laminate and linoleum are affordable flooring options compared to hardwood or tile, but laminate costs less at about $0.70 to $2 per square foot.

Experts advise that replacing carpeting can bring a 50% to 80% return on investment. However, new carpeting doesn’t necessarily add value to your overall home value. Because flooring value heavily depends on taste, it can be tricky to determine whether new carpet will increase your home sale price. Carpeting tends to be a renovation that increases overall comfort and aesthetics for your home, but it’s not a big factor in value.