When you’re remodeling a bathroom in an investment property, the goal is to create a visually appealing and functional space to increase your return on investment (ROI). Completely overhauling the bathroom is usually not necessary to reach that goal. Here are bathroom remodeling tips to help you maximize your ROI.
Research What’s in Demand in Your Market
To create your remodeling plan you need to know what the local market expects. Are most investors doing entirely new bathrooms or modest updates? Find out what features are typical for bathrooms in your neighborhood. You don’t want to invest in high-end bathroom fixtures if every other house in the neighborhood has midrange fixtures. Your real estate agent and other local investors will know what people expect to see inside bathrooms in your community.
Stick With the Existing Floor Plan Whenever Possible
If the existing floor plan is functional, keep it. The cost of moving plumbing and wiring adds up quickly.
Repair or Update Instead of Replacing
It’s possible to update a dated bathroom without replacing everything. If the fixtures are in good condition, new faucets and a new showerhead may provide the look you want. Resurfacing a bathtub with minor stains is often far less expensive than replacing it. Instead of getting new bathroom cabinets, consider refacing them or giving them new hardware.
Choose the Paint Color with Care
Since painting is inexpensive and can transform a space, a new paint job is a must. Neutral colors have a broader appeal than trendy hues.
Make the Bathroom Memorable
Every bathroom renovation should include one unforgettable feature. For example, radiant heat floor mats are practical for bathroom remodeling in Boston. Best of all, you can add the wow factor of heated floors by buying the mats at a big box store for less than $150 each.
Don’t Neglect Tiny Details
Dirty grout and caulk can make otherwise wonderful bathroom look very unappealing. It’s worthwhile to have the grout and caulk cleaned or replaced.
Decorate with Coordinated Accessories
New bathroom accessories are inexpensive yet they can create a big visual impact. The new towels, shower curtain, bath mat, and other accessories should have complementary colors, but they don’t have to be a set.
Do you need a contractor to remodel the bathroom for your Boston investment property? R.H. Blanchard Contract & Design offers the highest quality bathroom remodeling Boston has to offer, specializing in the area for over a decade. Contact us to discuss your project.