“The bathroom is the most heavily criticized room in the house, yet often the smallest and costliest, and therefore the most neglected,” says Wesley Spencer, architect and director of Rara House.
“There are endless worries associated with an un-renovated bathroom. Are there plumbing issues? Is there rotting? Will the floor heights match after removal of the original fittings? These are the type of issues a new home owner would not be prepared to face if they are already mortgaged to the nines and require registered building professionals.”
A complete bathroom renovation can be between $15,000 and $50,000 depending on the room size and quality of finishes selected. However, as the bathroom encompasses several elements, renovations can be tailored to suit a vendor’s budget.
For a luxury property, Soderstrom suggests installing a combined wall-hung vanity unit and hand basin (costing between $1500 and $2500) and a new shower screen (between $1500 and $2000 for a 10mm frameless corner shower base screen).
“A large mirror or even a mirror on an opposing wall instead of tiles can make a small-to-medium-size bathroom feel so much bigger and brighter,” Soderstrom says.
For a high-end $40,000 to $50,000 bathroom renovation, Shrimpton estimates a minimum return of $80,000 to $100,000.
For a more restricted budget, modestly updating the tapware and storage space is a simple way to modernize the bathroom.
“Don’t go overboard with the fixtures … Not everybody needs a built in toilet brush holder and even if they did, having all these items built in takes the fun out of deciding where to put things,” Spencer says.
“People need an element of exploration and excitement when inspecting a home … don’t deprive them of that by dictating every small aspect at no benefit to you.”
read more at: http://www.domain.com.au/advice/a-roombyroom-guide-to-renovating-for-profit-20160329-gnqb1d/
disclaimer: for information and entertainment purposes only
Green Real Estate Appraiser 