Are engineered floors or luxury vinyl planks more expensive? While the cost of flooring surfaces vary widely, luxury vinyl planks are typically 1/2 to 2/3 the cost of engineered hardwood floors. Both types of flooring cost less than solid hardwood floors.

LVP is thicker than standard vinyl flooring and has a wear layer that protects against scratches and dents. On the other hand, engineered wood floors offer durability along with the look and feel of real wood. It's a popular choice for homeowners who want high-end hardwood floors that can withstand heavy foot traffic.

Generally speaking, the hardest wood for flooring is Ipe (or Lapacho). However, this is very hard to find, due to its rarity. This also makes it a very expensive flooring product. Therefore, more widely available, and hardwearing are Hickory and Maple flooring.

The main difference between engineered hardwood flooring and LVP are materials from which they're made. Engineered hardwood flooring is made out of wood, while LVP is made of vinyl. Naturally, this affects everything from the look and feeling underfoot to the performance and longevity.