Increase Rental Property Value

Everyone who has invested their hard-earned money in real estate wants to increase rental property value, to expand their rental income, lower their maintenance requests, and ensure their tenants’ comfort and happiness. Updating the bathroom is one of the very best ways to achieve the goal to increase rental property value.

In fact, numerous studies indicate that the return on investment for bathroom renovations is typically as high as 70-80%, which is certainly a significant factor to consider. However, you won’t have to wait until you sell in order to see returns, as bathroom improvements can be depreciable expenses against rental income at tax time.

Renovated bathrooms also provide the wow factor that can help you rent your property more easily and will help you keep your good tenants. Great tenants won’t want to live in a home with unhealthy or ill-maintained bathrooms.

However, you can decide on the most crucial changes and plan the budget accordingly. Many items require only small efforts and minimal expense and the most important goal is to ensure the bathroom looks livable and inviting. Simply remember that you will want to choose carefully for quality and durability so your investment stays looking great and lasts as long as possible.

Before starting your assessment t increase rental property value, take a look at the lighting. Proper lighting can allow you the ability to really see the condition of the room, and you may be surprised at what you see. Additionally, future tenants will appreciate great lighting to apply makeup, shave, and to keep the bathroom spotlessly clean.

Begin by making sure the room gets a serious cleaning. A professional cleaning may reveal items that have simply been neglected, while highlighting completely unacceptable ones. You’ll quickly discover if the tub/shower and toilet are still usable or must be replaced or refinished.

Take care of minor repairs and ensure the toilet doesn’t run, there’s no drips or leaks and replace faucets or drain covers to give a fresh lift. Then replace window blinds if they’re damaged, check that doors don’t stick and knobs and locks function well. Make certain there’s adequate ventilation to reduce moisture and mold with a bathroom fan. Consider putting both the lighting and fan on one switch to ensure the fan is used. Inspect flooring for safety and aesthetics and replace if needed with new non-slip options.

Next, apply fresh paint in a white or a light neutral color, which can go a long way toward making a bathroom look brand new. The idea is to make the space look bright, spacious, and allow tenants the opportunity to personalize the area with colors they prefer in items of their choosing.

Now you are ready to take a look at the bathroom vanity, which is typically the major focus in every bathroom, and is especially important in a small room. The vanity is one of the easiest ways to make a huge impact and a good place to invest some thought and money.

Clean and durable surfaces, adequate storage, and new options to make the most of the space you have will make your effort worthwhile. For even more storage, wall and door hooks are additional and inexpensive choices.

Last but least, if there isn’t an appropriate one already there, install the largest mirror you can fit and make the most of all the space and light available. Small bathrooms really will look bigger! These fixes can help update your property, improve its value, provide appeal to potential tenants, reduce maintenance, and may just be one of the smartest decisions you can make.

DECOLAV can help you achieve the bathroom you want for your real estate investments with our quality styling and expert engineering. Coupled with your unique vision, we can provide innovative solutions for your bathroom design, and DECOLAV offers an abundance of options.

If you would like more information about how DECOLAV can help you with ideas and solutions for your bathroom, please visit www.DECOLAV.com.