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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 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
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