We recently renovated a bathroom. Ouch! Who would have thought a small ensuite would cost so much to rebuild. Friends said we got out of it cheaply.
Bathrooms, they warned, are “trades heavy” and can have dear products. I told myself a new bathroom added value to the house and, with property prices rising again, the timing was right.
The bathroom project was a painful reminder of how much money one can pour into even basic home renovations these days, and the effect of the property cycle on renovations demand. And why it’s a good time to look at bathroom and kitchen companies on the ASX.