New rental property owners often invest heavily in bathroom upgrades, thinking that a high-end bathroom will lead to increased rental rates. However, this is frequently a misconception. An expensive bathroom remodeling project rarely translates into improved rental rates or property value. To maximize rent and value, it is essential to prioritize less costly and more durable options for your rental property.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property takes a lot of budget-conscious planning to get right. Otherwise, you’ll sink cash into upgrades that won’t get you the desired return. Unfortunately, the bathroom is one room where this is too often the case.
New property owners may think they must completely gut and re-do every bathroom in their rental house to get that upgraded feel. But going that route will cost you. 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.
While a high-end bathroom may appear appealing, it doesn’t always provide the value or appeal you expect. Tenants typically seek rental homes with a consistent level of quality throughout the property. If your rental features luxury bathrooms but less luxurious elements in other rooms, you risk deterring potential renters. Inconsistent quality can signal potential maintenance and repair issues, which may cause concern for renters.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Interestingly, many renters do not want the high-end upgrades that homeowners envision. Tenants often prefer materials that require minimal maintenance and offer durability. Spending on a whirlpool tub or other features a renter may never use is often not a wise investment. High-end construction materials can be susceptible to damage, leading to costly repairs. By selecting durable products, you can reduce the likelihood of leaks or breakdowns, ultimately saving money on repairs.
Creating a bathroom with an upgraded feel doesn’t require a total overhaul. Simple improvements, such as a quality paint job, new fixtures, and redoing grout and caulking, can significantly refresh the space. Moreover, minor updates like light fixtures, drawer pulls, and towel racks can enhance the bathroom’s appeal without requiring a substantial investment. If your bathtub or shower is outdated or non-functional, consider a new one-piece tub and shower surround unit.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 easy to maintain, providing an upgraded look without the need for custom tile work.
Understanding which bathroom upgrades will create the rental property your target demographic seeks can be challenging. Real Property Management Integrity is here to help you identify upgrades that will increase your property values and attract prospective renters in Yucca Valley. We also ensure that projects are completed within budget and on time. For more information, contact us online or call us at 951-530-1600.
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