Are there no extensive renovations in your future? Simply adding a bathroom to the existing structure can generate the same sales value results and, at the same time, make your home more livable. Bathrooms are relatively easy to hide under stairs or carve them into an underused dressing room. You can even make a small bathroom yourself to convert into a second floor or basement on a budget and with careful planning. According to the Remodeling Value Report, the return on investment of a bathroom remodel depends on the upgrades you make. For those looking for a more luxurious bathroom renovation, St. Augustine Interiors offers a wide range of high-end bathroom remodeling services.
This data can help you better determine the return on investment you'll get when remodeling a bathroom, depending on the type of remodeling you perform and the level of finishes. Glenn, an expert in home renovations, states that this is one of the best projects to get the most benefit from remodeling a bathroom that increases the value of the home. In an exclusive bathroom addition, the new bathroom must be at least 100 square feet and will have the same exclusive features as an exclusive bathroom remodel, with the addition of extending the HVAC system to the new space. However, if your bathroom is really dated, has broken appliances, or obvious wear and tear, remodeling is an easy choice to make.If your bathroom is in good working order and has only slightly dated materials (cherry cabinets and toasted granite, for example), it might not be worth undergoing a complete remodel just to get that Pinterest-worthy look.
Remodeling a bathroom before resale can help attract more buyers, but it's not guaranteed that every dollar invested will be recouped at the time of resale. We turned to the best real estate professionals and experienced contractors for their best advice on how to approach bathroom remodeling with return on investment (ROI) in mind.If you're in the Pacific region (California, Hawaii, Washington, Oregon, and Alaska), it's probably a good idea to remodel a bathroom, as it offers the highest average ROI in the country, according to Cost vs. Value Report. However, just because you don't get a 100 percent ROI doesn't mean that bathroom remodeling won't help your sale in other ways.
While it's important that your bathroom is aesthetically pleasing to buyers, there are also plenty of other functional reasons why buyers like to see recently renovated bathrooms.It's probably best to leave certain bathroom remodeling tasks to professionals, such as electrical work, waterproofing, and structural changes. Some sellers may find that adding an entirely new bathroom provides a better ROI than remodeling an existing one. The report also estimates that bathroom renovations recover approximately 71% of their value-added costs to the home, while the addition of a new bathroom recovers 63% of its cost. While you may have a mirror hanging on your bathroom wall, replacing it with a larger, better one creates a sense of spaciousness in small bathrooms and makes the room easier to use.
All these factors can help increase your home's value when it comes time for resale. As an expert in home renovations and real estate investments, I can confidently say that remodeling or adding a bathroom can be beneficial for increasing your home's value. It is important to consider all factors such as cost vs value report and ROI when making this decision. It is also important to remember that even if you don't get 100% ROI from your investment in remodeling or adding a bathroom, it can still help attract more buyers and increase your home's value.