Lettings
Usually, when it comes to renovating a letting property, most landlords focus on the living area and the kitchen. However, if you really want some bang for your quid, you should consider renovating the bathroom. For a small price, you can put a significant enhancement to the appeal of your rental property and attract potential tenants.
What are the benefits of remodeling the bathroom of your property?
For some, the bathroom is not just a maintenance room, but it is a place where they start and end their day. Often, some people will set the tone of the day in the bathroom. For others, the bathroom is a refuge from a long day of work where they can care and pamper themselves. But if you’ll look at most letting properties, they tend to forget the bathrooms – outdated and old.
As a property investor or a landlord, the continuous neglect for bathrooms in letting properties gives you a chance to make your letting property stand out. All it takes is a simple renovation and you will be able to reap the benefits such as the following:
Instant appeal
Have you ever seen photos of your bathrooms in letting property seemed to be outdated and dirty? How does it feel? If you are a potential tenant, would you get attracted to outdated and dirty bathrooms Photos of a new clean and fresh bathroom are attractive and sexy. Gleamy bathrooms attract and garner additional interest and attention.
Cost-effective
Simple bathroom renovation does not have to be expensive. Although it depends on the style that you want and the size of the bathroom. Moderate upgrades can be done for a couple of thousand pounds.
Increases property value
If you are considering selling the letting property in the future, then upgrading the bathroom will certainly add to the property value. Providing high-end bathroom could increase the rental and moreover, in the future to the selling price.
How to have a cost-effective bathroom renovation?
Setting a Budget
When it comes to every renovation whether bathroom, kitchen or other areas of the house, it is important to set a budget and stick to it.
A lot of people would search for ideas first and plan their renovation before setting a budget. However, this leads to overspending. Having a budget guides your decision-making in the process of renovating a bathroom.
Make sure to add a buffer or cushion of 10% to your budget. So if your budget is £3,500, you should anticipate £4,070. This cushion is for unseen issues.
Gather Inspiration & Ideas
Pinterest is one of the websites where you can find a collection of ideas. There are also Facebook groups where people share inspirations and ideas of bathroom or house designs.
Wall Paint
White or crisp neutral colors for the walls of the bathroom can make the space look and feel bigger and cleaner. This is something that would no cost too much.
Floor Tiles
If the floor tiles give you a sign of renovation, upgrading the flooring is the fastest and most effective way to modernize the bathroom. Old, dated tile is the telltale sign of a bathroom that’s in dire need of a remodel. Upgrading the flooring is one of the quickest and most cost-effective ways to modernize.
Luxury vinyl flooring would be a cost-effective way of enhancing your bathroom floor. It is easy and fast to install.
Replace Bathroom Accessories or Hardware
Who says that you have to make massive changes to the bathroom to enhance its look? Sometimes by only upgrading the bathroom hardware is the cost-effective way. With only a few pounds, you can upgrade the faucets, towel racks, showerheads, etc.
BLUESTONE PROPERTIES
Bluestone Properties is a property management and letting agency based south west London. We provide services in south London and surrounding areas. Get it touch with us by calling us on 0208 355 3405 and we’ll help you take out the stress of the process in buying or selling your home.
