Carefully planned bathroom remodels can make your home more relaxing and enjoyable, as well as increase its value should you decide to sell in the future.
But is a bathroom renovation worth investing in? That depends on your goals; here are ways a renovation could pay off:
Increased Functionality
Many homeowners opt to remodel their bathrooms in order to either enjoy them more or add value to their home, but it’s important to remember that an effective design goes beyond simply aesthetic appeal and functionality improvements; it also simplifies daily tasks making life simpler for everyone involved in daily routine.
Some upgrades, like replacing floor tile or changing out your shower head, are relatively affordable and require little or no demolition work. Peel-and-stick tiles or self-adhesive laminate may even allow you to save both cost and effort by covering existing tile with an overlay such as peel-and-stick tiles or self-adhesive laminate. Furthermore, investing in an integrated sink/vanity combo could save money.
Larger upgrades often cost more than smaller updates but still deliver significant returns on investment. For instance, upgrading plumbing fixtures with more water-efficient models can significantly lower water use – helping lower utility bills while improving your environmental footprint. Incorporating energy-saving lighting options also helps decrease consumption costs and consumption rates.
Upgraded bathroom upgrades can give a sense of luxury that buyers appreciate, which makes the project all the more appealing. A whirlpool tub and luxurious shower are great ways to unwind after a long day; alternatively, consider investing in an energy-efficient sauna that uses hot air rather than steam heat for heating the space.
Add extra storage space in your bathroom by installing walk-in closets or linen cabinets – beautiful additions that also help keep things organized and clutter-free! Or install new vanities with extra storage capacity or open shelving systems to make the space more functional and attractive. Plus, should you decide to sell later, renovations could make your home more desirable to potential buyers resulting in higher sales prices for your house!
Increased Comfort
As part of your bathroom renovation plans, comfort should always come first. Perhaps installing a larger, easier to get in and out of shower or installing a toilet with better accessibility features such as lever or lift seat can help provide better light and privacy for everyone who uses the space. You could also consider changing window locations to add more light while protecting privacy for guests who stay longer in your bathroom.
Energy-efficient appliances and fixtures can also add comfort improvements in your home by helping reduce utility bills while decreasing environmental footprint. Upgrading bathrooms to include low-flow showerheads and toilets will save both water and money over time.
An efficient bathroom renovation will also increase the resale value of your home. A cramped or disorganized layout could put off potential buyers from bidding on your property; conversely, revamped bathrooms increase your chances of selling your property more quickly at a higher price point.
Bathroom upgrades are among the top renovation priorities for homeowners, yet renovation projects don’t have to be costly in order to provide an acceptable return on investment (ROI). According to Remodeling magazine’s 2023 Cost vs Value report, an average-sized midrange remodel could produce an ROI of 70% while an upscale addition can see 57% returns on its investment.
Assuming you won’t sell your home any time soon, a bathroom remodel can improve both your living experience and make the space more inviting. Plus, increased comfort could serve as motivation to complete other home improvement projects. When renovating your own bathroom or helping a friend do so, working with an experienced and professional contractor ensures the project will be done correctly and safely – asbestos testing may also be recommended before commencing renovations for added peace of mind. When you want to update your bathroom, you should take note what you really need and what makes your bathroom better than in the past.
Increased Value
Renovation can significantly boost your home’s resale value, although exactly how much depends on a number of factors including location and the nature and scope of renovation work undertaken. Before embarking on any remodelling project it is wise to discuss a budget with a professional as this will keep the project on track while preventing excessive renovation that might put off potential buyers.
Resell value can be enhanced by selecting materials that are trendy and luxurious – such as marble countertops. Furthermore, upgrading to more efficient appliances or fixtures such as low-flow toilets or underfloor heating could help save on energy costs and add resale value.
Another way to add value is by making your bathroom more accessible for those with limited mobility, such as installing a walk-in shower, grab bars or nonslip surfaces and comfort-height toilets. Furthermore, built-in shower seats, heated floors for cold climates or skylights over bathtubs may add even greater value.
Renovation can not only make your bathroom more functional, but more importantly it can make it more comfortable to live in. Not only is this an incredible feeling as a homeowner but it will also be attractive selling points should anyone ever wish to purchase the property.
Remember that not all improvements add value. High-tech upgrades such as built-in speakers or televisions over the tub may turn away some buyers and reduce resale appeal of your home. To better assess what features will appeal to future homeowners, it may be beneficial to consult a real estate agent about what features tend to be popular in your area and maximize resale value of renovation projects. Taking these tips into consideration can ensure your bathroom renovation investment pays off long into the future.
Increased Resale Value
As a general rule, bathroom renovation projects offer a good return on investment when it comes to reselling value of homes. But the amount you recoup varies by region – to identify which upgrades offer you the greatest ROI, consult with a real estate agent in your region about which improvements bring in the most money when selling a property.
Answering this question depends heavily on your budget, how you want to use your space, and the level of luxury you can afford to add. Upgrades that add value can drain your wallet over time; for instance jet tubs can be attractive features but require costly upkeep.
On the other hand, if your bathtub and shower still work perfectly well but need an update, a simple refresh could be just what’s needed to freshen them up without breaking the bank. A fresh coat of paint, some new towel bars and perhaps even an upgrade in sink or faucet could do wonders to make your bathroom appear updated without breaking the bank.
Focus on finding low-cost options whenever possible. For instance, finding a bargain tub and shower enclosure at a salvage store that perfectly complements your current ones can save on costs associated with tear out and installation. Reclaimed materials also can save money when remodeling, such as stone countertops for less money than new pieces.
Look for ways to include energy-saving features into your bathroom renovation plan, both from an environmental and financial perspective. Energy efficient toilets, shower heads and light fixtures can save a significant amount of money while simultaneously increasing home value.
To keep costs at bay, consider taking out a personal loan to finance your remodel. These types of loans typically offer lower interest rates than credit cards and offer fixed repayment plans that won’t change over time.