While many experts warn against several larger changes, they may be worth the consideration. In fact, one drastic change saw Renovating for Profit's Cherie Barber making a substantial return.
Ms Barber had great success going out of the norm and moving the toilet from one side of the room to another.
The change of plumbing cost her $350 and, most importantly, allowed her to have space to put a bigger vanity in.
“It added so much more value,” she says of the decision.
“It’s a cost to do it, but it all comes down on the return in investment. I know that by moving that plumbing line, which took just a couple of hours, I’ve added at least $2,000 to $3,000 in the bathroom.
“This was worth it because the owner of that property had a tiny pedestal basin and no storage in her bathroom. I was able by moving that toilet to fit a double vanity into the bathroom with underneath storage.”
Investors should always consider the end result and weigh up the costs.
Taking a good look at the floor plan and estimating the space available, and the final look and potentail added value, are crucial first steps.
Top Tips for those renovating a bathroom on a shoestring:
+ Aim for ‘Bigger, Better and Brighter’, but remember that less is more
+ Aim for shiny tiles on the walls, for high perceived value, but matt or textured tiles on the floor to avoid slip for safety
+ Look to tile factories and online shopping outlets, rather than retail tile show rooms, as the price savings can be huge
+ Consider the demographics that will be living in the property and aim to cater to their storage needs
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