Bathroom upgrades are often one of the first projects new rental property owners tackle, often spending far more money than needed. There’s a common belief that a high-end bathroom will instantly increase rental rates, but this rarely happens. Often, an expensive bathroom remodeling project does little to improve your rental rate or property value. To maximize rent and value, choose upgrades that are less costly and more durable, which makes more sense for a rental property. Building a dream bathroom in a rental may sound appealing, but it is a mistake you can avoid.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property effectively requires strategic, budget-conscious planning. Without this approach, you might spend more than necessary on upgrades that don’t deliver the desired returns. Bathrooms are an area where new property owners often over-invest, assuming they must fully remodel every bathroom in their rental house. 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.
However, a high-end bathroom generally doesn’t add as much value as owners might assume. Tenants are usually looking for rental homes with a consistent level of quality throughout. If your property has luxury bathrooms but lacks similar quality in other rooms, you risk turning away prospective renters. Inconsistent quality often raises concerns about maintenance and repair issues.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Interestingly, renters don’t always prefer high-end upgrades, as they often require more maintenance than they’re willing to manage. Tenants favor durable, low-maintenance materials that hold up under frequent use. A whirlpool tub or other luxury features might go unused and result in expensive repairs if damaged. Durable products that can endure typical rental wear and tear are generally the better choice.
Creating a bathroom with an upgraded feel (without the upgraded price tag) can be reasonably easy. The trick is to focus on the upgrades that will make the bathroom feel updated without needing a complete overhaul. For example, a quality paint job and some new fixtures will go a long way toward creating a fresh and modern bathroom, as will simply replacing the grout and caulking. Light fixtures, drawer pulls, and towel racks are minor upgrades that give a room a high-end feel.
Consider installing a new one-piece tub and shower surround unit for bathtubs and showers that are ugly or not fully functional. Durable and affordable, they are quick to install and easy to maintain. Higher-end units can give a bathroom an upgraded feel without needing a custom tile job.
Knowing which bathroom upgrades will enhance your rental property’s appeal to renters can be challenging. Real Property Management Citadel offers the expertise to guide you in selecting upgrades that boost property values and attract renters in Anaheim. We complete projects promptly and within budget. For more information, contact us online or call us at 949-202-1500.
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