In any market, you’ll find an abundance of properties for rent. If you’re a landlord, you know this first hand. It can be difficult finding tenants in a market flooded with rental property. Each apartment, condo, and home has something unique to offer, but the bottom line is you need to wow them with your property and give them a reason to pay you each month for the pleasure of staying in your home. One great way to WOW them is by renovating the bathroom.
The bathroom is often the most neglected part of a home. You’ll find that most bathrooms are out-dated or just plain ugly. By renovating your bathroom, you can bring the most modern bathroom fixtures and furnishings into your rental property. Modern bathroom design has come along way and offers state-of-the-art function and heightened style. Features such as glass basins, ornate vanities, and whirlpool bathtubs offer a level of elegance that a renter would just die for. An updated, modern, and luxurious bathroom can give a possible renter reason to stick with your property. You’d be surprised how influential a Jacuzzi-style tub can be.
What Bathroom Furnishings You Should Incorporate
The size of your bathroom will dictate how extensive you can renovate your bathroom. It’s very possible you won’t be able to squeeze in a large whirlpool bathtub. So, figure out what you can afford first; then establish what definitely needs to be replaced. Are the countertops old? How is the vanity? What about the mirrors? Simply remodeling a few items and adding a new color or coat of paint can rejuvenate the look and feel of your bathroom – and renters would rather see a new-looking bathroom rather than an old, out-dated, and decrepit bathing room.
Should You Install Yourself or Hire Someone?
This is the age-old question surrounding home improvement. It’s always cheaper to do it yourself, but it might take you longer. Unless you’re a professional plumber or bathroom renovator, it’s probably a better idea to hire someone to install your new fixtures for you. As a landlord, your job is to get renters into the property as quickly as possible. Trying to install a new vanity, tub, sink, and/or toilet can take forever to complete. So, hire a professional. It might cost you a little more, but it will save you time (and time is money).
The key to getting renters into a rental property is to wow them with the décor and amenities of the home. Renovating your bathroom will give your property an edge on the competition. Chances are their bathroom is a bit outdated and not an attractive part of the home.