Luxury Vinyl Plank vs Engineered wood flooring?

So my current floors are 30 year old wood parquet that doesn't look so great with gaps and splinters in some places. I am considering replacing my floor and am wondering people's thoughts on luxury vinyl plank vs engineered wood. From the research that I've done, luxury vinyl plank seems like it has a lot of great benefits. Waterproof, better tread for dogs/cats, durable, doesn't change with... [more]

So my current floors are 30 year old wood parquet that doesn't look so great with gaps and splinters in some places. I am considering replacing my floor and am wondering people's thoughts on luxury vinyl plank vs engineered wood. From the research that I've done, luxury vinyl plank seems like it has a lot of great benefits. Waterproof, better tread for dogs/cats, durable, doesn't change with humidity, looks just like real wood, easy to install, etc. I am leaning towards it but am afraid of resale value and "cheaping out". Do people consider luxury vinyl plank cheap and would it hurt value? Can people tell the difference between them? The other option is engineered wood floor which I've lived with before. I had engineered Mirage maple (supposed to be pretty premium and a hard wood) and I found that it was so easy to scratch and dent. A friend brought a dog over and it scratched up the floor just scrambling around. And whenever I dropped my keys, it would make a dent on the floor. Thoughts on the perception/resale value between the two? [less]