VinylIt used to be that vinyl's main advantage was price — it wasn't exactly considered chic. But that's changed: Nowadays this material comes in a sophisticated range of designs and finishes. It's available in sheets or tiles that mimic stone, wood, ceramic tile and more, embossed with textures that look and feel surprisingly realistic. Pros: One of the most inexpensive flooring options on the market, vinyl can approximate the look of pricier materials at a fraction of the cost. It's a snap to clean, easy to patch if a spot gets damaged, and comfortable underfoot. Plus, you can usually install it on your own, which eliminates the expense of hiring a pro. Cons: Vinyl can dent, bubble or curl over time. Sharp objects may tear it, and grit and dirt can scratch and dull its finish. It also can fade in strong sunlight. Compared with other flooring materials, its life span is shorter (it will begin to show wear after five years or so).Cost: About $1 to $5 per square foot, uninstalled.