The Pros and Cons of Bathroom Remodeling for Resale Homes
On each flip project a decision must be made as to whether or not the bathroom(s) need to be remodeled. The decision to remodel the bathroom of an investment property is one of the biggest you’ll make as it will also result in one of the largest costs in terms of time and money. The net financial result is what should concern you. Will the remodeling yield a profit on it’s own, or at least contribute proportionately to the overall profit.
The Pros of Remodeling the Bathroom of an Investment House:
Give it the WOW factor! The Wow factor is probably the major reason you would renovate the bathroom. There are three rooms that you want to be impressive; and the bathroom is arguably number one. Mr. and Ms. Buyer will often make their decision based on the condition of the bathroom.
Whether you choose to remodel the whole thing or just replace certain components should be based partly on the criticality of the bathroom in the buy-decision. Done properly a bathroom renovation could well be the deciding factor between getting your price and not selling your house.
An ugly, poorly maintained bathroom will have the potential buyers lowering their pricing expectations disproportionate to the amount it would cost to renovate it. A buyer purchasing a renovated house has expectations that certain things are in good shape – that’s why they’re buying a house that’s already been renovated.
The first benefit of bathroom remodeling
is that you get that wow factor. Of all the rooms in the house, the bathroom is one of those rooms that you need to be in the best of shapes. The bathroom should be impressive because that will compel buyers really consider your property. I cannot say about others but I pay attention to the condition of the bathroom because a beautifully made bathroom enhances the time I want to spend alone.
It is not always that you have to remodel the entire bathroom but sometimes, replacing certain components will do the job. But, that is something you can only tell after analyzing the condition of a bathroom.
A poorly maintained bathroom will attract fewer buyers, and even if you get some buyers, then they will quote a lower price than what you were demanding as the rent. So, you can clearly see that the condition of your bathroom directly affects the value of your property. Therefore, it is better to remodel your bathroom in order to increase your chances of getting the best rental value of your property.
The biggest con for some homeowners is the extra cost by using professionals. Most bathroom remodels involve a designer, builder, plumber, electrician and tile person. Whether you use all of these professionals, or you try to be the general contractor yourself, the cost of a professional bathroom remodel will be much higher than it would if you undertake the work yourself. You are paying for their expertise and the convenience of having someone do the heavy work for you. If you are comfortable with your design, demolition, carpentry, plumbing and electric skills, you can bypass this cost by doing the work yourself.
Another con of using professionals is the timeline. As soon as you contract with professionals, you work on their timeline, rather than on your own. This may mean delays while the professionals finish up another job, or it may mean a wait for each of the various stages to be completed. Doing the work yourself also allows you to undertake it piecemeal; replacing or remodeling a section of the bathroom at a time to try to keep the rest of the space usable. Professionals will shut off your bathroom from use from start to finish, which can take as long as six weeks to complete.
The Pros and Cons of Not Including a Tub in Your Bathroom Remodel
Planning a bathroom remodel in the Livonia MI area? Trying to make hard decisions? Currently, one of the biggest bathroom remodel decisions homeowners are making involves the bathtub. Should the tub stay or go? Really, there is no perfect answer. This trending topic tends to a debate amongst realtors, designers, and homeowners. In the past, tubs were considered an essential part of a master bathroom and professionals in the housing market would never suggest designing a bathroom without them. However, within the past few years, there has been a shift in bathroom design. More and more homes are being built and remolded without a master tub. There are definitely pros and cons to throwing out the tub.
Pros of Removing the Tub
Bathtubs go unused for various reasons. Many people simply do not have time to soak in a bubble bath. Other people are disgusted at the idea of soaking in their dead skin cells. Whatever the reason may be, bathtubs are being used far less and are therefore, not as important to homeowners.
Tubs take up a tremendous amount of space, and throwing them out can allow for other features. Popular features include his and her sinks, hidden toilets, extra closet space, and especially, larger showers.
3. Luxurious Showers
Most of the time, the extra space in a remodel will be donated to a large, luxurious shower. With larger showers, homeowners can now install extra shower heads including: overhead shower heads, wall-mounted, hand-held, rain bars, and body sprays. Larger showers will typically include built-in seating to benefit those who want to relax, shave, or need physical assistance. There are door-less designs to allow for simple cleaning and fewer moving parts to break. Showers can also be designed without a threshold, making for a contemporary look and easier entrance.
4. Less to Clean
Throwing out that tub will mean one less item to clean in the bathroom. Tubs are generally not the quickest and easiest items to clean.
Pros of Keeping the Tub
1. Some People Expect Them
While some homeowners claim to never use their tub, there are others who would not consider buying a house without one. Often elderly people find them more convenient to use. Certainly families with young children will need at least one tub in their house. Some adults find time and enjoy a relaxing soak in a bubble bath that is surrounded by candles. If the master contains the only bathtub in the house, it is best to keep it around.
Designers will typically use a bathtub as the focal point when designing a bathroom. Often surrounded by a large window, extra lighting, curtains, or stairs, bathtubs can create a highly aesthetically pleasing space.
Bathtubs can have some exciting features that appeal to homeowners. Many people enjoy whirlpools, jetted tubs, heated tubs, and walk-in tubs.
Real estate agents debate on how much a tub can affect resale value. Generally, agents seem to think it is safer to keep the tub, just in case. Having a tub will not turn away buyers. Not having a tub could possibly turn some buyers away.
DIY vs. tradesmen
Buying a home in need of renovation is not something you should rush in to. Even after researching and finding a property with the potential to be perfect, you still need to consider who is going to carry out the work. Since you are likely to spend a lot of money of the project, it is vital that you find tradespeople you trust, whether you have worked with them before or have had them recommended to you. Do your research: never go with the cheapest option just because you think it will save you money.
Investing in a project manager to oversee the project (especially if you live far away, are not able to manage the project yourself due to other commitments or are simply inexperienced in property renovation) is a good idea. Project managers will make sure the builders carry out work to your specification and will make it more likely for the project to remain on budget. But the downside is that you will have to pay for their expertise.