Low cost finishing materials (flooring/counters)

[Arun Gokhale]

Hi,

I'm new to the world of rehabbing properties. I recently started a buy and hold project where I will have to redo a number of the floors and cabinets. I was thinking of of going with fake wood vinyl planks for the floor and laminate for the counter tops. Vinyl planks seem to be a cheap option, but considerably more durable than laminate. 

I'm wondering if there would be any real advantages to upgrading to wood for the floor and some sort of stone for the countertops? Would renters really pay that much more for those kind of touches?

Thank you!