As property managers, we spend more real cash on flooring that just about any other item. Excluding roofs, windows and boilers, flooring is often the one line item expenditure that pops on the annual profit/loss. Some property managers are flooring experts. Most of us muddle forward executing a well-rounded flooring strategy that needs work.
With flooring, there is always the necessary balance between initial costs and longevity. Frankly, as you know, its sometimes a crap shoot based on how hard people live in a unit. But irrespective of the covering we are generally choosing from four options: Carpet, wood, tile or vinyl.
Excluding seasonal and tropical adjustments most people have a preference for carpet. Preference or not, let’s look at some alternative flooring types.
Read more...Property Management: Carpet, Tile, Vinyl and Wood | Multifamily Insight Blog