ROI on Remodeling a Guest Bathroom

[Troy Parker]

Hello BiggerPockets community,

I am currently in the process of remodeling a 3/2 1500 sqft wood home built in 1979. I have almost finished the kitchen remodel as well as the master bathroom remodel. I plan to move forward repainting the entire interior. I will live in the home for 1 year and then reevaluate whether to make it a cash flowing rental or simply flip it. I signed an addendum so I must live there at least 1 year.

I plan to get the property reappraised after renovations to eliminate PMI. The master bath and kitchen absolutely needed to be redone; however, I am not sure about the guest bathroom. The guest bathroom has an ugly green tub with green fiberglass along the wall, green paint, white tiles with green accent tiles.

The rest of the remodel has been focused on bringing the home to a more modern look. I am worried that if I do not completely remodel the guest bathroom, it’s going to date the entire home and be an eye sore (mainly the abundance of green).

Options:

• - Should I completely gut the bathroom, replace the tub, flooring, toilet, tile, paint, and vanity?
• - Should I do a partial remodel, replace the vanity, toilet, floor, and put a tub cover? Paint the tiles and paint the fiberglass where the tub is.
• - Do a minimal remodel, replace toilet and vanity.

Note: I am trying to get the best ROI. I can personally live with the bathroom, but it definitely needs a new toilet and vanity at minimum. If I do minimal repairs, I can probably replace the garage door or paint the exterior. If I do a complete remodel the garage door will likely have to wait.

[Pat Mulligan]

Quote from @Troy Parker:

Hello BiggerPockets community,

I am currently in the process of remodeling a 3/2 1500 sqft wood home built in 1979. I have almost finished the kitchen remodel as well as the master bathroom remodel. I plan to move forward repainting the entire interior. I will live in the home for 1 year and then reevaluate whether to make it a cash flowing rental or simply flip it. I signed an addendum so I must live there at least 1 year.

I plan to get the property reappraised after renovations to eliminate PMI. The master bath and kitchen absolutely needed to be redone; however, I am not sure about the guest bathroom. The guest bathroom has an ugly green tub with green fiberglass along the wall, green paint, white tiles with green accent tiles.

The rest of the remodel has been focused on bringing the home to a more modern look. I am worried that if I do not completely remodel the guest bathroom, it’s going to date the entire home and be an eye sore (mainly the abundance of green).

Options:

• - Should I completely gut the bathroom, replace the tub, flooring, toilet, tile, paint, and vanity?
• - Should I do a partial remodel, replace the vanity, toilet, floor, and put a tub cover? Paint the tiles and paint the fiberglass where the tub is.
• - Do a minimal remodel, replace toilet and vanity.

Note: I am trying to get the best ROI. I can personally live with the bathroom, but it definitely needs a new toilet and vanity at minimum. If I do minimal repairs, I can probably replace the garage door or paint the exterior. If I do a complete remodel the garage door will likely have to wait.

Hi Troy! 
Based on everything I have ever read, replacing a garage door is the #1 ROI you can make; something like 168% ROI. I don't know why, but there it is. 
Can you replace the garage door and use what's left in your budget for the bath? You can get the tub reglazed for $600-800. Replacing the fiberglass surround with a white one is not that expensive either. Can the vanity be painted with new hardware to look more modern? Keep the wall tile, and the floor,  if it's tile- that can be painted. If not a small room of LVT isnt that pricey. Get  99$ toilet from the Deep. 
Just some suggestions I have used for some of my rehabs.  I am cheap, but everything looks good and functions well- most important if you are renting it out. 
Best of luck!