LVP is a great affordable option to achieve the look of hardwood without the maintenance and hassle of installation.
Each plank is made up of different layers. On top is a UV layer, then a wear layer, then a picture of the wood, then a layer of PVC (plastic).
There are other options for LVP like WPC and SPC
WPC is the most waterproof option because instead of the PVC layer it is made of a wood mixture and creates a springy, comfortable feel.
SPC has a stone polymer mixture layer to add more durability and water resistance.
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