In an episode of HGTV's "Fix My Flip," Page Turner chose luxury vinyl planking over hardwood flooring, admitting that even million-dollar-plus houses use this affordable material.

Though luxurious, hardwood is also prone to scratches and can warp if wet, making it unsuitable for bathrooms or kitchens. It's also costly, ranging from $5 to $28 per square foot.

Turner agrees in the episode that using luxury vinyl flooring is better, as it's cheaper but offers

a wood-like finish with durability. It's also waterproof

and pet-friendly.

On average, luxury vinyl flooring costs $2 to $5 per square foot. It is ideal for flippers seeking profit and homeowners who want to renovate on a budget.