I'm building a home gym in my basement and I want to spruce up the existing ugly vinyl floor. The current vinyl tiles are about 1/8-inch thick and are hideous brown, yellow, & green. The tiles are in decent physical shape. I'm "assuming" that the tiles have some asbestos components because the house is 70+ years old and the tiles are also 9" x 9". Anyway, I'd prefer not to tear up these tiles due to cost and potential asbestos concerns (as mentioned, the tiles are in decent shape).
So, my question is:
Can I put new stick-down vinyl tiles over the existing vinyl?
The existing vinyl is 99% intact, but it is not perfectly level in all areas (not sure if that's due to the concrete underneath or b/c of the tiles themselves). It isn't noticably buckling, but a straight edge test reveals some peaks and valleys.
My main goal here is to get a "satisfactory" looking floor for the cheapest amount possible. This is a home gym, so it doesn't have to be perfect. Any suggestions?