Does a Bathroom Renovation Increase Home Value?
Posted on: August 19, 2022
If you’re planning to sell your home soon or want to boost its value before you do, you may be wondering which areas are the most valuable to consider remodeling. According to experts, some renovations are said to yield returns of up to 70%. So naturally, the bathrooms are among the rooms buyers will focus on the most when searching for their new house.
Recent home renovators estimate they have increased the worth of their homes by thousands of dollars. Bathroom renovations are usually thought to boost the value of a home dramatically. A stylish bathroom will always appeal to the discerning buyer, regardless of whether the remodeling is structural or cosmetic.
Naturally, the average cost of bathroom renovations depends on the current bathroom and the specific features you want to add to your makeover.
What factors should you consider?
You must be sure that there will be a return on investment when determining whether or not to rebuild your bathroom and how precisely it will be done. A new bathroom makeover can be very pricey.
A crucial aspect of your decision-making is evaluating competing properties in the neighborhood and contrasting what they offer a potential buyer. Moreover, it is essential to ensure that it is possible to compete in your market.
It’s essential to consider the kind of customer you’re likely to draw. For instance, potential purchasers will likely have small children or be considering having children shortly if you sell a large family house. They could therefore desire a walk-in shower for the adults and a bathtub for the kids.
Either you need a bathroom layout with a shower and a bathtub, or you should think about having a master bathroom and a second, smaller bathroom. A double sink can be precisely the feature your shoppers are searching for if they are a professional couple who want to get ready for work simultaneously.
Fix current issues
No amount of renovation will be able to disguise existing issues from a property inspector if you are considering selling your home and you have an underlying problem in your bathroom, such as water-damaged floors or dampness. No matter how lovely your newly renovated bathroom looks now, buyers will be turned off or motivated to make a low offer if they know there is an issue that needs to be fixed.
Get the correct lighting
A bathroom needs both plenty of light and a cozy, pleasant glow. To make your restroom appealing to your type of customer, check your lighting and see what you can improve.
Appropriately installed fixtures and fittings
Leaky water stains on the walls or toilet won’t entice potential buyers. To prevent your buyer from changing their mind, ensure your fixtures are installed correctly and sealed.
New bathroom fixtures
There are more considerations than whether your fixtures and fittings are correctly installed. For example, if the restroom is outdated, even if it works, it won’t draw purchasers. Instead, consider upgrading your bathroom’s easily removable fixtures, such as the taps, shower head, and shower screen. Other quick and simple ways to modernize your bathroom include a fresh coat of paint and new tile patterns.
Of course, several simple methods exist to update your bathroom without spending a lot of cash. But, as some experts advise, don’t aim to win design prizes with your restoration job; selling it for a profit is all you’re after. They even propose picking inexpensive fixtures and fittings to produce a style that would appeal to any buyer.
In light of this, examine the following to see whether you can increase the value of your property without tearing down any walls before starting any significant bathroom improvements. First, use the space you have available. Would having a second sink make a difference, or would storage space be the cherry on top? Determine what is missing from your bathroom after looking at what it already has. Again, it will be helpful to keep your likely buyer in mind.
Improvements to bathrooms with a High ROI
While many bathroom changes can increase the value of your home, there are some that you should prioritize highly and others that you might want to forego entirely. Here is a closer look at the initiatives that are most deserving of your money.
● Bathtub and shower
It should not be surprising that upgrading the shower and/or tub yields the most significant return on investment because they are the main points of any bathroom. A vast walk-in shower can increase the value of your home if you’re remodeling your main bathroom. Make sure your home has at least one bathroom with a bathtub, nevertheless, as purchasers with young children will view that as a “must-have” feature. Most purchasers will find adding glass doors to your tub or shower a high-impact enhancement.
Examine your cabinets more closely and attempt to view them from the viewpoint of a potential buyer. Are they in need of an upgrade? Customers want contemporary, spotless cabinetry. Your area can look more inviting by refacing your cabinets. Also, pay attention to the details! You can quickly and affordably update the appearance of your cabinets by changing the hardware on their drawers and cabinets.
Do you have dirty grout? Does your tile appear to be a direct throwback to the 1980s? It needs an update! We advise replacing your flooring with porcelain or ceramic tile because it is waterproof, strong, and reasonably priced. Additionally, you might think about putting in heated floors, which are great for chilly winters and might draw in additional purchasers.
It’s common to neglect the vanity area in favor of “larger” renovations, but changing it may have a significant impact. Think about updating your countertops, faucet, and sink for optimum impact. Additionally, you might want to add two sinks to your vanity, especially in the primary bathroom. Additionally, use granite countertops with a contemporary sink and faucet if you want the maximum return on investment.
Whether choosing a plumber or fitter for any substantial work you do decide to perform, remember to ask around for solid recommendations. Any boost in value can be immediately negated by shoddy plumbing work or a bathroom that is improperly fitted. However, with expert professionals such as those from Trademark Construction, you can sit back and watch your property turn into one that looks right out of your dreams.