Guess what? You can increase your homes value with a bathroom remodel. Contrary to popular…
Renovate the Bathroom to Increase Your Home’s Value
Remodeling your bathroom is one of the best things you can do to increase the value of your home. Bathroom remodeling will increase the value of your home more than renovating the kitchen will.
It’s a common belief that a new kitchen design will increase the value of your home. However, it is the bathroom that will make the greatest difference on your home's value. This is because remodeling the bathroom is about function where remodeling the kitchen is more about trends. According to Zillow.com a $3,000 renovation on a mid-size bathroom can increase a home’s value by $1.71 per dollar spent on the renovation.
If you want to remodel your bathroom you should consider how much a renovation will actually increase the value of your home. How much of the cost of renovation will actually be recovered when you sell the home?
There are some who foolishly elect to do renovations on their home that cost more than the value of the house. Be smart about how much budget you give your bathroom renovation. Don’t go overboard by doing a renovation that goes beyond the property value.
Keep it in Perspective
Before you start a renovation, have a professional real estate appraiser appraise the value of your home. They can give you an idea what kind of remodeling job will be most beneficial to improving its resale value. In some cases, the bathroom doesn’t actually need to be renovated, but the basement needs to be refinished. If a renovation project is done right, it will count as an investment in your future. It’s worth it to take the time to have professionals consult you on your goals for your home.
Classic is Best
The bathroom style you choose is an important point to consider. Be smart about what design and colors you use in your new bathroom renovation. Another aspect of classy is keeping a tub in the bathroom. Recent trends have been leaning towards replacing tubs with walk-in showers. That’s not a bad thing to do as long as you still have at least one standard tub in one bathroom in the house. Trading all your tubs for walk-in showers may actually reduce the resale value of your home. Maybe you aren’t someone who uses a tub, but the absence of a bathtub will be a determining factor for a family with young kids.
Remodeling your bathroom in a trendy style can be exciting, but it can turn selling your home into a nightmare later on. As much as you may like bright orange tile, or vintage fixtures, a small percentage of the population will share your taste. Bottom line, it’s not worth it to go all out with a trendy bathroom renovation. Keep to basic colors and classic fixtures.
Remember the Buyer
Even if you don’t think you are going to sell your home anytime soon, when renovating your bathroom, keep the buyer in mind. The last thing you want to hear from your real estate agent is that you have to replace fixtures to make the home ready for resale. The point in renovating your bathroom in the first place is to increase the value of your home not make it harder to sell. When planning to renovate your bathroom, ask yourself if it will be easy to keep looking nice. Will future buyers will be turned off by design decisions.
Renovating a bathroom to increase the value of your home can be a smart move. Make sure you get a professional appraisal of your home before you get started. Schedule a qualified contractor who is experienced at doing the kind of work you are looking for. A bathroom is not a room to experiment on remodeling, one poorly done renovation could lead to damage and big repairs in the future. Do it right the first time and save money in the long run.
At Five Star Bath Solutions we know how important it is that your bathroom is both beautiful and functional. We help you choose the best and most beautiful solutions for your bathroom design needs. We'll go above and beyond to give you the high quality service you expect. We have many locations to serve you. Request your free estimate today!