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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 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
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
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