Luxury vinyl tiles are a form of vinyl flooring that comes packed in the form of tiles. Engineered wood and LVT are two different flooring types, both of which are pretty durable and come in various colors and styles. Engineered wood is even more durable than LVR; it can increase the value of your home and can be refinished and repaired.   Luxury vinyl tiles are more resistant to scratches and damage; however, they won’t increase your home’s value. If one of the tiles does get damaged, it’s straightforward to replace them and the floor will look as good as new. In addition, most LVTs are waterproof.