Are you set on LVF or would you consider new carpet? The LVF may not look as high in quality as your kitchen's tile floor.

I never thought of that but I do not want carpet. We are also looking at engineered wood.

I would do a warm medium wood tone without a lot of knots or shadows. Grey will be stark next to your kitchen tile, fireplace and wall color. Go to the flooring store and bring home sample boards so you can see how the flooring looks next to your tile in your light.

Your new cool-toned charcoal sectional is likely to look "off" on a warm wood-tone floor. The good thing is that it is relatively easy to combine warm and cool tones in a room using patterns and decor items.

LVP a downgrade from tile.

I am leaning toward this color family. I think it's neutral enough for the sectional and not too big a transition from the tile.

I understand this floor will be a downgrade from the tile but I cannot afford hardwood so I think laminate would work best.

Where I live, wood-look vinyl is put in all levels of homes. You nearly have to beg the flooring guys to show you something different. If you're concerned about resale, look at the flooring in homes for sale in your price range in your area. I suspect many have LVP.

I think that you need to choose a light color as shown, and then extend it throughout your entire first floor. I would avoid ” mixing /matching” flooring . The LVP can be used in kitchens, bathrooms, laundry rooms, etc. The cohesive look is important and can be enhanced with area rugs.

We have 2 homes and have all LVP in one of them. We are very happy with it and would choose it every time over carpet and tile ( ugh’). We have hardwood in our other home and surely love it, too.

I think wood could really look nice in your space with that fireplace.

Can you do engineered hardwood?

If LVP is your only option it certainly is better than carpet. And there are many colors out there. I agree with @deegw in some neighborhoods LVP is very popular.

@grapefruit1_ar Tile is not my favorite at all!