Adding high-end appliances to a modest home. Unless you live in an area where every home on the block has high-end appliances and a granite countertop, don't add them to yours! You will spend a lot of money and see none of it in return. If you need new appliances or countertops, consider refinishing either or buying nice but less costly versions.
If you don't like the sound of the refinishing job, and you're reluctant to pay for a professional to do the job for you, there is another option to consider. You can have a restore old bathtub liner custom-made for your tub. This liner will fit like a glove and cover up a multitude of scratches and stains. Keep in mind that this option isn't appropriate if your tub isn't in basically-sound condition, and it won't be a permanent fix for your problems.
That same house had a Florida room addition. None of the rest of the house had wallpaper, but this room did, and it looked very tired. Because the room did not look perfect to begin with we decided reglazing tub not to spend labor cost on removing the wallpaper. Instead, we took some of the same paint color we were using in the rest of the house and painted over the wallpaper (after using an appropriate primer first). Before painting over wallpaper, it's good to glue down any unsightly seams. This solution worked wonders.
Give your bathroom remodeling ideas a zest by using ceramic tiles on your wall instead of using tile patterns and styles which are known in the 50s. These bathroom pieces are anyway cheaper compared to others; therefore, it will not hurt your budget too much.
When you're seeking out homes to flip, you want to find homes that only need cosmetic work: paint, kitchen and bath tub restoration updates, floor refinishing, etc. At first glance, you may say to yourself this will never work, but you have to use your imagination when viewing these homes. As long as there are no major renovations, you can turn a frog into a prince with a kiss of renovations. Make offers on the ugliest properties in decent neighborhoods, because these will be the most profitable.
An old bathtub is a killer! If it is still operational but grungy and chipped, consider a re-glazing. Hire a professional to do this, because it is difficult. Re-glazing is much less expensive than a whole new tub. And, if you buy a new faucet unit, you immediately give the impression of a brand new unit.
As the economy continues to tighten, many hotels will be looking for ways to save money on bathroom renovation. Bathtub refinishing saves up to 80% of the cost of tub replacement.