How Much Does a Bathroom Add to Home Value?
When it comes to renovation, one of the most popular rooms in a house to remodel is the bathroom; but why do so many people choose this part of their home? While there may be a number of reasons for wanting to upgrade, one example is that doing so can often offer a return as high as 70% on resale – which could add thousands to a property’s overall value.
Another benefit of renovation in terms of sale is that most buyers tend to focus on the more integral parts of a potential home, so having an attractive and fully functional bathroom is often an appealing feature to have.
While the middle-range prices of bathroom remodels typically come to around $15,000, the overall cost of these kinds of renovations can often vary depending on several factors; such as the prices of fixtures being installed, the costs of hiring experts to take care of the job and even the bathroom itself.
What to consider for a bathroom renovation
Unfortunately, remodelling any room can often be a challenging and costly task, which is why taking the time to consider your options can generally be a wise idea. For one, you’ll want to make sure that you’ll be able to get a return on your investment, whether you plan to sell your home in the future or not.
If you do want to renovate this part of your house, it may be a good idea to take a look at the bathrooms in other homes in the area to see what they have to offer and what you might want to add or change in your own.
Another way to help make your home more attractive to potential buyers is to consider what they may want or need. For example, families tend to need bath tubs, whilst adults on their own may prefer walk-in showers. So, if you’re selling a family home, fitting a bath may be the ideal solution.
One last thing to consider is that these types of remodelling projects (especially the larger ones) can often take quite a while to complete, with major projects often taking from three to six weeks.
How to make the most of your budget
When tackling a project like this, most will have an idea of costs in mind – but this doesn’t mean that it’s always a simple task to create a budget and stick to it. Fortunately, there are a few things that could help you to avoid over-spending on your renovation.
Often, one of the best ways to keep to a price-plan is to make small improvements that will add to your home’s value. For example, using all the space that’s available to you can change the functionality of a bathroom – and making useful upgrades like installing shelving could be a worthwhile (and cost-effective) choice.
Replacing old taps, shower heads and other accessories can often be a good way to update the look of a bathroom without too much effort too; just remember that any fixtures you choose can benefit from being properly installed.
Most find that re-painting a utility room and adding new tiling can help the space to feel fresher and more modern, as can new flooring options. Additionally, lighting can also be crucial – so upgrading or checking your current fixtures may also be a good idea.
Finally, fixing any issues and getting recommendations from experts can often be ideal during renovations. Considering the help of a building inspector to look for structural problems and hiring a plumber or electrician to undertake important or difficult tasks is often a great way to make sure that your bathroom is completed to a safe standard – and that it will remain fully functional well into the future.
