Bathroom upgrades are often a top priority for new rental property owners, who end up spending far more money than they need to. Many believe that a high-end bathroom will directly lead to increased rental rates, but this is rarely true. An expensive bathroom remodeling project typically fails to significantly improve rental rates or property value. To maximize rent and value, focus on less costly and more durable options that align with renter expectations for a rental property.
Budget-Friendly Bathroom Upgrades: Avoiding Costly Overhauls
Improving a rental property requires strategic, budget-conscious planning to avoid unnecessary expenses. Without it, you may overspend on upgrades that won’t deliver the return you’re expecting. Bathrooms are often where new property owners invest too much, thinking a complete renovation is necessary to make the bathroom in their rental house appealing. 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 does not always add the value or appeal you might think. Tenants generally seek rental homes with a consistent level of quality throughout. If luxury bathrooms are paired with lower-quality finishes in other areas, this inconsistency can be off-putting to prospective renters. Inconsistent quality from room to room is often a warning sign for maintenance and repair issues, which can deter renters from considering the property.
Affordable Bathroom Upgrades Tenants Appreciate Without the High Maintenance
Surprisingly, many renters don’t prefer high-end upgrades in a rental property. Tenants are often less inclined to invest the extra time and effort required to maintain high-quality materials. A whirlpool tub or other luxury features may not be used and can lead to costly repairs if damaged. High-end materials are frequently more susceptible to wear and tear, so it makes more sense to opt for durable products that can withstand typical rental use.
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.
Selecting the best bathroom upgrades to create a rental property that appeals to your target demographic can be a challenge. Real Property Management Bella is here to guide you through choosing upgrades that will enhance your property values and attract prospective renters in Temecula. We ensure all projects are completed on time and within budget. For more information, contact us online or call us at 951-916-4329.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
