When new rental property owners consider bathroom upgrades, they often end up spending far more money than they need to. Many mistakenly believe that a high-end bathroom will automatically lead to increased rental rates, but this is seldom the case. An expensive bathroom remodeling project frequently fails to yield the expected improvements in rental rates or property value. Instead, to maximize rent and value, consider choosing options that are less costly and more durable. Building a dream bathroom in a rental property may sound appealing, but it’s one mistake you can avoid.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property takes careful, budget-conscious planning if you want to get the best possible return. Without strategic planning, you may find yourself spending on upgrades that won’t add meaningful value. The bathroom is a common area where new property owners end up over-investing, feeling compelled to completely gut and remodel every bathroom in their rental house. According to Remodeling Magazine’s “Cost vs Value” report, an average full remodel of a bathroom costs around $25,000, while an upscale remodel can cost $75,000 or more.
However, while a high-end bathroom may be tempting, it often doesn’t provide the value boost you’d expect. Tenants typically prefer rental homes with a consistent level of quality across all rooms. If you have luxury bathrooms but the rest of the property lacks comparable finishes, prospective renters may be turned off. Inconsistent quality from room to room can lead tenants to think the owner is financially stretched, raising concerns about maintenance and repair issues.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Many renters actually prefer low-maintenance and durable materials over high-end upgrades that homeowners often seek. High-end features can require more upkeep, which renters may be unwilling to manage. Spending money on features like a whirlpool tub or premium materials might backfire, as they can lead to expensive repairs if damaged. Instead, durable products designed to withstand typical rental wear and tear are usually a better investment.
Creating a bathroom with an upgraded feel (without the upgraded price tag) can be reasonably easy. Cost-effective improvements, such as a quality paint job, new fixtures, and updated grout and caulking, can make a significant impact. Minor upgrades, like new light fixtures, drawer pulls, and towel racks, add a high-end touch without a hefty price tag. For outdated or unattractive bathtubs or showers, a one-piece tub and shower surround unit can be a durable and affordable upgrade that offers an upgraded look without custom tile work.
Identifying which bathroom upgrades will make your rental property more attractive to renters can be a complex task. Real Property Management Stellar offers the expertise and resources you need to make choices that increase property values and appeal to renters in Clarkesville. We ensure that work is completed efficiently and within budget. For more information, contact us online or call us at 404-375-4639.
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