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 will make as it will also result in one of the largest costs in terms of time & money… The net financial result is what should concern you… Will the remodeling yield a profit on it is 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’re three rooms that you want to be impressive; & the bathroom is arguably number one. Mr. & Ms. Buyer will often make their decision based closely on the condition of the bathroom.
Whether you select 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 & 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 is why they arepurchasing a house that is already been renovated.
Whether it is a facelift or a total gut, that one room can make or break the deal.
If you are working with a very limited budget you can decide which particular parts of your bathroom that you would like remodeled, such as the tub or the toilet or the sink.
If money isn’t an issue, you may make the decision to remodel your whole bathroom. In addition to deciding what parts of your bathroom you would like remodeled, you’ll also have complete control over the products & materials used.
For instance, if you wish to replace the toilet, you can select the quality which suits the budget. What matters is that it is new. Knowing that the toilet is new & has never been used is a big deal to some people. They may think ‘I will replace that toilet someday’, but it is good enough to help facilitate a good overall impression.
Bathroom remodelling can be relatively easy to do depending on the depth you want to go. It’s something an average handyman can do by themselves in order to save expenses.
Although you can save yourself money by doing your own remodeling, you may not want to or you may be unable to do so. If that is the case, you still have a choice. That choice is seeking assistance from a professional contractor.
Despite costing more money, your bathroom will be remodeled professionally & often in less time.
It is also important to mention that bathroom remodeling projects can assist to increase a home’s value. That is one of the biggest pros to having your bathroom remodeled. The increase in value, if there is one, will depend on a number of different factors. There is more. Those factors include what type of remodeling is done, as well as how well it’s done. Whether you select to hire the services of a professional bathroom remodeling expert or if you have prior home improvement experience, the decision to remodel your bathroom could significantly increase the value of your home.
Although there’re a number of pros to bathroom remodeling, there’re also a number of cons. There is more. Those cons mainly include the cost of doing so. When it comes to deciding whether or not you want to remodel your bathroom, you’ll have to make up your own mind; how ever, when doing so you may want to keep the above mentioned points in mind.
The Cons of Remodeling the Bathroom of an Investment House:
There are two major cons to remodelling for a flip; cost & the impact of a poor job.
If you’re contemplating a bathroom remodeling project, these cons may make you want to rethink your decision.
The biggest con to remodeling is the cost, particularly if you go high end on your fixtures. Remodeling for resale isn’t the same as remodeling for yourself. You must keep this in mind for a flip. The character of the end result should match the character of the house not your idea 
of what the perfect bathroom should be. Remember, you’re in this for profit.
The extent to which you remodel will affect the price as well. If you gut the bathroom down to the joists you’ll be looking at a lot more than if you simply replaced the toilet & added a tub surround. In addition to the cost of supplies & materials, you also need to determine whether or not there will be any additional costs. For instance, if you make the decision to have your bathroom professionally remodeled, you’ll need to pay a professional contractor. Even though a professional contractor often produces better results, you’ll find the cost of hiring one fairly high.
In addition to the cost of bathroom remodeling, it’s also important to note the time that it will take. How long a bathroom remodeling project lasts will all depend on what’s being remodeling. If you’re simply looking to replace your toilet, you’ll find that your remodeling project takes less time than it would if you were planning on remodeling your entire bathroom. The amount of time it takes for remodeling will also depend on how much time can be devoted to it… If you make the decision to hire a professional contractor to remodel your bathroom, the remodeling will likely be done quicker. In addition to knowing exactly what they’re doing, professionals can usually devote more time to work than some one who is only doing the work on the side.
Another one of the many cons to remodeling your bathroom is what it can do to your home. As you may already know, it’s possible for a bathroom remodeling project to increase the value of your home. While an increase is likely to occur, it’s not guaranteed. If your home’s value does increase because of a bathroom remodeling project, it will all depend on how much remodeling was done & the result of that remodeling. A professional or quality remodeling job is likely to produce the best increase in value.
What you really need to be fully aware of is what a poor remodeling project can do for your home. There is a chance that a poor bathroom remodeling project could also decrease the value of your home. The chances of that happening are slim, but there is always a chance.
As previously mentioned, when having your bathroom remodeled, you have a choice as to whether you want to do your own remodeling or a have a professional do it for you.
When it comes to bathroom remodeling, you’ll find that are more cons to do it yourself bathroom remodeling.
As you can see, there’re a number of bathroom remodeling cons. Even though it may seem as if it is not worth it to remodel your bathroom, there’re also a number of bathroom remodeling pros. There is more. These pros include a new bathroom & the possibility of increasing your home’s value. If you’re interested in remodeling your bathroom, only you can decide whether or not it would be worth it & given your skill set & time, what the best approach would be.
Steve Leighton
Real Estate Investment Consultant
http://www.HouseFlipOnline.com
steve@housefliponline.com
Author of “Guide to Buying & Selling Fixer Upper Homes”
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