When obtaining hard money loans for rehabbing projects, you want to make sure that the upgrades you’re making are aimed at maximizing your ROI. Along with the kitchen, a bathroom remodel may also yield good results. You can keep the upgrades within budget by concentrating on a few key areas.
Stepping into a bathroom, one of the first things you’ll likely notice is the mirror and vanity, especially if they’re antiquated. A vanity in solid wood may be worth considering and it can give the bathroom a completely different look and feel. Don’t forget about the lighting, especially if it’s still using brass.
Those small round toilets of the past have evolved into elongated bowls that are taller. You may want to look into toilets that utilize less water when flushing as they can be used as another potential selling point once the property is ready for buyers.
Depending on where and to whom you’re selling, you may want to add a walk-in shower. For example, if your customers will be retirees or baby boomers, you could get rid of the tub entirely. However, if you do plan to keep the tub, consider modernizing it by increasing its width and making it deeper.
This update is by hard money lenders Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on a hard money lender Orange County or a mortgage broker Orange County, please call 954-816-0388 or fill out our application.