For many new rental property owners, bathroom upgrades seem like a fast route to higher rents, often leading them to spend far more money than they need to. There’s a common belief that a high-end bathroom will lead to increased rental rates, but this is rarely the case. An expensive bathroom remodeling project often doesn’t boost rental rates or property value as expected. Instead, focusing on less costly and more durable options will help you maximize rent and value. A dream bathroom remodel is a mistake rental property owners can avoid.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property requires budget-conscious planning to avoid overspending on unnecessary upgrades. The bathroom is an area where overspending is especially common. New property owners often think they need to redo every bathroom in their rental house to achieve an upgraded look, but this can be financially draining. 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.
High-end bathroom upgrades, while attractive, don’t necessarily add the value or appeal you might expect. Tenants typically seek rental homes with a consistent level of quality throughout. In certain markets, having luxury bathrooms alongside less luxurious features in other rooms can turn prospective renters away rather than attracting them. Inconsistent quality from room to room raises red flags for renters, suggesting that the property owner may lack the funds for proper maintenance.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Many renters don’t actually want the high-end upgrades that homeowners dream about. Tenants often prefer durable, easy-to-maintain materials that don’t require much upkeep. Investing in a whirlpool tub or other high-end upgrades that renters may never use can be a waste of money. High-end construction materials can also be fragile and prone to damage, resulting in costly repairs compared to more durable products. Choosing materials that hold up well under less-than-ideal conditions is a wise approach to avoid the risk of items that may leak or break down.
Creating a bathroom with an upgraded feel can be done affordably without extensive renovations. A quality paint job, fresh grout, new fixtures, and caulking are simple ways to make the bathroom feel updated. Small, affordable upgrades such as light fixtures, drawer pulls, and towel racks can add a high-end touch without the expense. If your bathtub or shower is outdated or non-functional, consider a new one-piece tub and shower surround unit. These units are durable, affordable, and provide an upgraded look without the expense of custom tile work.
Knowing which bathroom upgrades will create the rental property that appeals to your target tenants can be challenging. But Real Property Management Hometown is here to help. With our resources and expertise, we can help you select upgrades that will increase your property values and appeal to prospective renters in Malvern. We also ensure the work is completed on time and within budget. For more information, [contact us] online or call us at 501-701-4702 or 501-303-6870.
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