A bathroom is a refuge. It’s a place where you can shut the door and care for and pamper yourself. It should feel luxurious and indulgent. Yet, if you look at most rental property bathrooms, you get the exact opposite. They’re old, outdated, and dingy.
As a landlord, the overarching neglect for bathrooms in rental properties gives you a chance to make your property stand out.
All it takes is a simple remodel project and you’ll reap benefits .
Here are some tips to ensure you generate maximum return on investment:
Set a Budget
It doesn’t matter if you’re gutting the entire bathroom to the studs or just upgrading a couple of cosmetic items – you need a budget.
Many people make the mistake of researching ideas and planning their remodel prior to setting a budget. The better strategy is set your budget first and then gather ideas that fit within this budget.
Old, dated tile is the telltale sign of a bathroom that’s in dire need of a remodel. Upgrading the flooring is one of the quickest and most cost-effective ways to modernize.
Painting walls a clean white or crisp neutral can make the space feel bigger and cleaner.
Tubs are pretty much just for looks these days and you can do a lot better with the square footage they take up.
Many big box retailers sell complete sets with the vanity, countertops, sink, and faucet, it’s a no-brainer! (Just make sure you remove the old vanity prior to redoing the floors so that you don’t run into any surprises if your upgraded vanity has different dimensions.)
Bathroom hardware – which includes faucets, drawer pulls, towel racks, and shower-heads – is extremely simple to upgrade and only costs a few dollars.
Upgrade the Mirror
Upgrading the mirror can make a huge visual statement (and doesn’t have to cost very much).