HOW TO RENOVATE YOUR RENTAL PROPERTY BATHROOM FOR UNDER $500

bathroom remodel

Have you ever said to yourself, “If I only knew then what I know now.”?  I’ve said that to myself many times as a real estate investor.  Usually it has to do with cost-cutting tips I’ve learned.  

In this post, I’m going to explain how to give your rental property bathroom a complete renovation, and give it that “wow” factor, for under $500.  Let’s get started.

A little bathroom terminology

Bathrooms come in all shapes and sizes.  In the real estate world you’ve a ½ bath, ¾ bath, and a full bath.

½ bath = sink and toilet only (aka powder room)

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¾ bath = sink, toilet, & shower

Full bath = sink, toilet, shower, & bath

Go it?  Ok – good.  In this post, I’m going to tell you how to renovate up to a FULL bath for under $500.  I’m also assuming the bathroom size is roughly 5’ x 8’.  Ready?  Ok – here we go.

Step #1: Pitch the old

Remove the old toilet, tub surround (if there is one), vanity, flooring down to the subfloor, and other debri to allow for a clear workspace.

Cost: zero

Step #2: patch any holes in the wall

Cost: $20

Step #3: Paint the walls  

Lowes & Home Depot sell mistint paints.  These are paints where someone in the paint department messed up the tint on someone else order.  Mistints sell for about $10/ gallon. You can buy rollers and brushes from the Dollar Store.

Cost: $20

Step #4: Replace Flooring

Use peel and stick vinyl flooring.  It’s inexpensive, super easy to install, and it looks great.

Cost: $60

Step #5: Install new toilet

Cost: $120

Step #6: Install new vanity & sink

Cost: $100

Step #7: Reglaze the tub using Rust-Oleum

Cost: $40

Step #8 Install New Tub Surround

Cost: $120

Conclusion

You don’t have to spend a lot to add a lot of value and appeal to your rental property bathroom.  With these 8 steps, you can easily remodel your rental property bathroom yourself for under $500.

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