As a landlord, you can transform your property’s bathroom into a luxurious space when you know how to remodel a bathroom on a budget. When remodeling an apartment as a landlord, it is important to update the bathroom. You don’t have to break into the bank to remodel bathrooms since there are ways to save on cost.
A bathroom is the best place to relax and refreshen up, and many tenants are willing to invest in a luxurious and comfortable bathroom. It does not have to be expensive when opting for bathroom remodeling. Any amount of money can enhance your property’s appeal and attract potential renters.
Remodeling a bathroom can increase a property’s value and demand in the real estate market. Learn how to remodel a bathroom on a budget. Share on XHere are the landlord tips and ideas for upgrading outdated bathrooms to make them appealing.
Make Sure Your Permits Are In Place
In some states, landlords must get permits for improvement projects. Before starting your renovations, make sure you have the relevant permits for the bathroom remodeling project. A bathroom remodeling permit offers electrical, plumbing, construction, and HVAC approval. You don’t have to look for separate permissions to cover all the renovation aspects.
Set a Budget
As a landlord, we recommend setting a budget before starting your renovations. The project needs to be budget-friendly so it doesn’t eat too much of your profits. So, set a budget to help you make decisions and stay away from a negative ROI. Be sure to add a 10 percent cushion to the budget to cover unforeseen expenses.
Upgrade the Fixtures
A bathroom upgrade involves many activities, such as replacing the showers, tubs, and tile floor. You can also paint the bathroom walls and upgrade the mirror. However, don’t forget to upgrade the bathroom fixtures, including the faucets, sinks, toilets, and showers. Ensure that the new fixtures match the style of target renters.
Let Bran Real Estate Services Help
Performing or overseeing a bathroom can sometimes be challenging, even if you know how to remodel a bathroom on a budget. Bran Real Estate Services can help advise, and we can help with your property management as well!
Contact us to talk with one of our experts about your bathroom remodeling project.