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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 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
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?
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