Budget often plays a major role in any renovation project, and flooring can eat up a large portion of that budget if you’re not careful. One of the most appealing aspects of luxury vinyl plank flooring for home renovation is how affordable it is, especially compared to hardwood or tile.That affordability doesn’t mean you have to sacrifice style or quality. LVP has come a long way in recent years, and today’s options are incredibly convincing in both appearance and feel. For the price, you get a durable, beautiful floor that enhances your home’s value and appeal.