Not every bathroom remodeling has to take the majority of a house flipping budget. It does not necessarily have to cost much to look good. Take it from us, it is possible to save money on bathroom remodeling in your fix and flip property by focusing on the fixing part instead of the redoing part.
To start with, instead of just stripping the bathroom bare at the first instance, maybe stop and think on making the bathroom look nicer and cleaner instead.
No one will ask how you remodeled the bathroom with a small budget if you follow these basic tips below:
Bathroom Remodeling Tip #1. Plan of Action
The very first task is the game plan. A thorough assessment of what needs to be improved or fixed is where you develop a plan of action.
Many times, house flippers consider this even before purchasing the property. Bathrooms are often the most expensive component to repair as they have many elements like sinks, baths and toilets. Assessing this first helps with a rough calculation of how the cost of bathroom renovations will factor in the house flipping budget. If the renovation is going to cost too much then making a profit is going to be tough and it would be best not to invest in the property at all.
You can do a rough estimate of all the costs with this calculator here.
If the assessment is positive then you can consider a more hands-on approach. For starters, you can scrub up the grime yourself before you decide to remove old appliances or buy new material. You can hire a handyman or a house cleaner to clean instead if you want to avoid doing it yourself.
It could be possible that those fixtures are still salvageable and you don’t even have to buy many new fixtures at all. It might save you from spending money on getting a new floor, or re-tiling the walls from scratch. It would be better if you hire a professional to give you a rough estimate of the repair. Make sure you have calculated every aspect. You can also consider painting. This is an inexpensive way to make a bathroom look new. Be it pastel hues or bright, colorful ones, they give a fresh appeal to the bathroom.
Bathroom Remodeling Tip #2: Wreck It, Ralph!
Get all of the demolition done before making any further changes in the bathroom. Demolition can be as small as removing fixtures like the tub or toilet, stripping of the floor or removing the wall. Doing this first is advised because, this could cause damage to the new fixtures that you’ve installed before demolition. You will end up wasting time in removing new fixtures. Learn more house flipping tips from these helpful case studies by BD Capital here.
Bathroom Remodeling Tip #3: Refacing; Not Replacing
Get everything squeaky clean and sparkling because even a small thing in the bathroom could end up repulsing your buyer.
You might not even need to replace the whole toilet. This is similar to how you reface the cabinets in the kitchen. Sometimes, it is just the seat that needs replacing. This will not add much to the bathroom remodeling cost; it will get the job done with minimal cost and fraction of the time of a new toilet.
Which One is Better? Bathroom Remodeling Tip #4
In some cases, replacing does help. The goal is to make the bathroom look brand new! The most common bathroom remodeling idea that many house flippers follow is to getting new door knobs, showerheads, faucets, light fixtures, door hinges and towel racks; these changes do not cost much and take very little time to install. You can consider getting brushed nickel or stainless steel. If you manage to find matching fixtures, then this could give a whole new look to the bathroom. Mismatched fixtures can look unattractive to a potential buyer.
Bathroom Remodeling Tip #5: It’s the Lights
Dim lighting may look good sometimes, but when you are presenting a poorly lit room it can give off an unpleasant vibe. Make sure everything is bright and all the lightbulbs are working fine; a flickering lightbulb gives a poor first impression and may put off customers. The above is a good guide for bathroom remodeling for house flippers. In case you have more questions on house flipping, get in touch with our real estate experts here.