For new rental property owners, bathroom upgrades often become a top priority, leading to spending far more money than necessary. Many believe that a high-end bathroom will translate directly to increased rental rates, but that is rarely the case. An expensive bathroom remodeling project often fails to enhance rental rates or property value as anticipated. To maximize rent and value, less costly and more durable options are a wiser choice for a rental property.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property effectively requires budget-conscious planning. Without it, you might invest in upgrades that don’t generate the return you’re hoping for. Bathrooms are especially prone to overspending, with new property owners frequently feeling the need to 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.
A high-end bathroom may look appealing, but it doesn’t always add as much value or appeal as anticipated. Tenants generally want rental homes with a consistent quality level in all rooms. If luxury bathrooms stand out while other areas fall short, this inconsistency can deter prospective renters. A property with inconsistent quality can suggest potential maintenance and repair issues, which is often a red flag for renters.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Interestingly, many renters don’t desire high-end upgrades, as these tend to require additional care. A whirlpool tub or other upgrades that may never be used by tenants often aren’t the best investment. High-end construction materials can also require expensive repairs if they are easily damaged. Instead, using durable products is a better option for rental properties, as they are less likely to leak or break down under typical wear and tear.
Creating a bathroom with an upgraded feel doesn’t require a full remodel. Simple, affordable improvements—like a quality paint job, new fixtures, and redoing the grout and caulking—can create a fresh, modern bathroom. Additional updates such as light fixtures, drawer pulls, and towel racks can enhance the room’s appeal without a high-end price tag. For outdated or non-functional bathtubs and showers, consider a one-piece tub and shower surround unit. These are durable, affordable, and easy to maintain, giving an upgraded feel without requiring custom tile work.
Selecting the right bathroom upgrades to create a rental property that attracts your target renters can be challenging. Real Property Management Abound can guide you through choosing upgrades that will increase your property values and appeal to prospective renters in Bartlesville. We’ll also ensure that projects are completed within budget and on schedule. For more information, contact us online or call us at 918-984-4433.
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