Thanks to Helen Davies from Better Bathrooms for this contribution!
Whether you are trying sell or rent your investment property it is important that every room is appealing to prospective buyers or tenants. However, sometimes a thorough clean is not enough to maximize a particular room’s potential and the bathroom is no exception.
Though it might not be the first room that comes to mind when you envision your home, the bathroom can play a role in making your property stand out or one that doesn’t make it onto the short list. First, everything should be in good working order and spotlessly clean. Once your bathroom is clean and presentable there are a few extra ways you can improve the overall feel of the room to really make the most of its potential and selling power.
The best approach to making any changes is to follow the less is more rule. If you make any pricey changes by completely overhauling the entire room, you may find that the value of your home does not increase as much as you would like meaning that you do not get the desired return on the investment you put into upgrading your bathroom. You may find it’s better to keep improvements small and affordable.
Need Financing to Make it Happen?
For a serious fixer upper a complete renovation is necessary. You might want to consider a cash out refinance to help cover the cost of the improvements to the home. Another option could be a FHA 203K home improvement loan. 203K rehab loans can be used to rehabilitate and repair one to four unit owner occupied homes.
If you find your bathroom is a touch on the small size, a good inexpensive way of making the most of the space is to fit a bathroom cabinet above your basin. Bathroom cabinets or shelves will show prospective buyers how they can really utilize the space of the bathroom, making it easier for them to imagine themselves living in the home and perhaps influencing their decision to buy.
With the bathroom, as with other rooms in the house, it is advisable to give the impression of a blank canvas to potential buyers. A good way to do this is to paint or wallpaper the walls a neutral color as then buyers can project their own ideas of how they would add character and their own personal style to the room.
Many buyers appreciate a modern feel to the bathroom for the aesthetic appeal and because this implies that the home is well maintained. The best way to add that contemporary feel is to upgrade the fixtures. Consider stylish chrome taps or perhaps a heated towel rail. Again these are affordable items that can be fitted quickly to instantly add value and selling power.
When you have finished making changes and are ready to showcase your home to potential buyers, you should add those extra pieces such as decorative soap, towels, and soap dispensers as these will create a ‘lived-in’ feel to give off that homely vibe that will attract potential buyers.
Helen Davies is a senior content writer for Better Bathrooms, who sell good looking contemporary and traditional bathroom cabinets at realistic prices.