A simple inexpensive bathroom renovation in Tampa Florida for less than $150 bucks.
Regardless if your an investor looking to flip a house for a quick profit or if you just want to rent your property to create a steady stream of income. One of the easiest ways to make your property more appealing to the consumer is by renovating the bathroom. Sometimes as an investor you may come across properties that are in fair condition but the bathrooms are either outdated or dingy, dirty and smelly. Many investors, regularly run into properties with bathrooms in these conditions and get discouraged and decide not purchase them .
Personally I try to encourage the purchase of these types of property.
As an example I will describe this simple bathroom renovation that made the difference of 40 thousand dollars in the sale price and resulted in a $30 thousand dollar profit for the investor.
The toilet was $80 dollars the sink, vanity and faucet came as a set from Lowes for $39 dollars and the mirror was $15 for a total of $134
This property was purchased way below market value because it needed some minor repairs. Most of the work was cosmetic and very inexpensive. I believe all the work was done for under $8,000 which included all the labor and material.
Another way to save money when investing in property is to actually get your hands dirty!
You can save tons of money buy just doing some of the work from your bathroom renovation yourself . For example, to install a toilet hiring a plumber can be very expensive. But do you know how easy it actually is to put a toilet in ? It is so easy all you have to do is turn off the water supply loosen two bolts and lift the toilet out of place and replace it. Anyone with half a brain can do this, all you have to do is carefully follow instructions. For easy instructions just read my post on how to install a toilet.