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How to profit from a low-budget bathroom reno

By Staff Reporter
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Cherie Barber, Renovating For Profit

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When it comes to a bathroom renovation the 3 most important things that you must focus on as practicality, functionality and it needs to be good looking. And there are lots of ways that you can do that. The first thing is to make sure that you have the layout right. I've seen too many bathrooms that have an extremely poor layout and what I can tell you is that no amount of cosmetic refresh is going to do them any good. So get the layout right. That might mean that you might need to change the plumbing - so be it. It's worth spending the money to get the layout right. And then look for ways you can actually save money. Tile paint the existing tiles if they're structurally in good condition. Hunt around for your fixtures and fittings. Source fixtures and fittings on online sites. There are so many ways that you can snag yourself a bargain to make sure that your renovation comes in under budget.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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