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.
Step #2: patch any holes in the wall
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.
Step #4: Replace Flooring
Use peel and stick vinyl flooring. It’s inexpensive, super easy to install, and it looks great.
Step #5: Install new toilet
Step #6: Install new vanity & sink
Step #7: Reglaze the tub using Rust-Oleum
Step #8 Install New Tub Surround
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.