On average, renovation costs recouped are typically 56-64% of their initial costs. Renovations tend to add value to homes, so knowing exactly how much this might be can help justify investing in one.
Consider that, when investing money into any project, recouping much of it should make more sense, especially considering why you initially considered renovating or modernizing your bathroom in the first place.
But exactly how much value will a bathroom remodel add to your home?
According to RenoFi's Renovation Index, on average you could recoup between $13,688 (66%) of midrange remodel costs and $37,995 (56.6%) when remodeling an upscale bathroom.
Return on investment will depend on whether it's your master bathroom or half bathroom you are renovating, with midrange projects recovering 54% to 54.7% of their costs while more upscale projects recoup 54.7 % to 54 7%.
In this guide, we'll look at which bathroom updates can increase its value, their costs, and which should be prioritized first.
our pick of renovation projects with good returns-on-investment
Remodeling a bathroom involves making many decisions at once, some with greater returns than others. Below are just a few features worth keeping in mind for a bathroom makeover:
Lighting: may seem like an insignificant component of bathroom remodel, but lighting fixtures can have a major impact on its final appearance. Dim, outdated lighting can render even an expensive makeover look outdated. Consider upgrading your vanity lighting for an instant upgrade and more contemporary appearance at minimal expense.
Ventilation: There is nothing worse than entering a bathroom and seeing mold and mildew growing on its walls and ceiling. Renovating your shower won't do you any good if its poorly ventilated; considering good ventilation methods as part of your renovation plans will ensure your space lasts much longer.
Retiling is one of the more costly projects, requiring skilled tiling experts and extensive precision. However, quality modern tiling can dramatically transform a space and increase overall home value.
Upgrade Your Vanity Upgrading the vanity is an easy way to add flair to any bathroom, since this is where most of our time will be spent getting ready. Add lighting, large mirrors, counter space and double sinks as desired and you will make getting dressed an easier and more pleasant process!
Flooring/Laminate Flooring: Numerous inexpensive vinyl and laminate styles are waterproof and designed to resemble more costly materials such as wood or stone, providing you with waterproof floors that do not break the bank.
Heated flooring may cost more, but could bring an increased ROI and appeal more strongly to potential buyers (plus make mornings less arduous!).
Why Buyers Favor Updated Bathrooms: Unveiling the Allure of Renovations
Energy Saving and Efficiency
Nowadays, homeowners are becoming more energy efficient - both economically and ecologically. When renovating your bathroom, look for appliances and features that save energy; even updating to more contemporary pieces may help decrease energy waste.
Replacing light fixtures and water heaters with more efficient options can save money on electricity and gas bills, while low-flow toilets and shower heads may help too - and provide buyers with something to talk about!
Mold and mildew growths are known to appear behind tile or drywall, in grout seams or tile joints and on ceilings. While it might be easy to conceal during an inspection tour, an inspector will easily be able to spot potential problems if your ventilation system is outdated and your room is susceptible to mold growth.
Remodeling provides an opportunity to start over with new mold-resistant sealants that offer relief and breathing solutions.
Extra Storage: Homebuyers are always searching for extra hidden storage space, especially in bathrooms, to accommodate linens, cleaning supplies, toiletries and other essential bathroom items. When there's room in a wall or niche in which to build linen or supply storage units from floor to ceiling.
Modern Style: Although vintage charm has its own distinct advantages, modern fixtures provide more hygienic and convenient solutions that were simply unavailable to earlier remodelers.
Leaks & Cracks: Cracked tiles, loose grout and leaky sinks or tubs are hazards to other areas of the home such as the ceiling of a room below. Remodeling can prevent leaks and cracks before they cause further damage by eliminating potential sources of leakage and cracks such as those described above. There are various types of bathroom renovation projects available today to meet this goal - with options ranging from full remodels to partial makeovers available for every budget and style preference.
Types of Bathroom Remodels
not every bathroom remodel is created equal. Usually we measure bathroom updates based on their approximate scale and their potential return on investment.
Here are three categories of standard updates to see where your remodel falls
Standard Updates
Midrange: Includes materials like ceramic tile floors, new shower handles, standard white toilet and vanity counter.
Upscale bathrooms: typically include structural changes such as expanding or altering the layout, heated floors, high-end faucets, stone countertops with double sinks and tiled shower walls.
Universal Design: creates a wheelchair accessible bathroom through features like widening the doorway, accessible storage solutions and walk-in showers with support bars located throughout.
Each type of upgrade offers you a different return on value depending on its exact project and where you live.
Addition of a Bathroom
Addition of an Additional Bathroom However, if your home only features one bathroom, adding one may provide greater ROI. Buyers and appraisers frequently look at how many bathrooms and bedrooms a property contains as a first consideration when making decisions on property purchases and appraisals.
If your home lacks enough bathrooms to meet the needs of both an average family and occasional guests, consider adding another one as an investment strategy to increase value.
According to HGTV, buyers often look for homes that feature three bathrooms: master, family (one or two depending on lifestyle and family size) and half for guests.
There are various methods you can take to add a bathroom. While you could always remove walls and build an addition, or convert an area under a staircase into one, another option may be converting an existing walk-in closet, pantry, basement space or extra area under a staircase into an accessible bathroom space.
Remember the costs associated with new plumbing for the bathroom include permits, hiring professionals, time, labor and materials. Any structural changes such as adding or removing walls could offer more return than costs associated with remodeling; nonetheless these changes will increase costs further.
Additional points for consideration before embarking on any bathroom remodeling projects
If you're remodeling your bathroom to increase its value, it is vitally important that you compare its layout with that of other homes on the market and use that comparison as a baseline for comparison.
Consider these questions when thinking about your bathroom: is it in need of repairs already, does the market indicate demand for new bathrooms, should I remodel before selling my house, and do similar homes have more bathrooms.
Here are some key considerations before determining the scope of your project.
Consider Your Budget
Many homeowners are taken aback when they receive estimates for bathroom renovation. With such complex trade work requirements and potential expenses associated with bathroom remodeling projects, cost estimates should always be done carefully before making decisions about whether to go forward.
Do Not DIY for Major Remodels
A bathroom is not the place for a DIY remodel - plumbing, electrical work, tiling and water considerations leave little room for error and can cost more down the line as people attempt to fix their mistakes themselves or drag out projects due to issues.
If you plan to do a DIY makeover yourself, get at least an estimate from a contractor so they can offer their professional opinion of your plan.
Do Bathroom Renovations Increase Home Value?
Yes, but that depends entirely on your own personal situation. It can be hard to determine how much a bathroom remodel can increase your home's value as it depends on market factors and your local neighborhood.
But if your bathroom is out of date, featuring broken appliances or showing wear-and-tear, remodeling could be the right decision for you. Here are a few final points to keep in mind as you begin this project.
Buyers want to see that a home has been well-kept, so investing time and resources in caulking the tub, re-grouting tile floors, or adding new lighting fixtures will have a noticeable impact.
Renovations or the addition of a brand new bathroom will increase the desirability and value of any house, however not all renovations are equal; their success ultimately lies with what the homeowner invests into their house as well as who completes the task.
All Rights Reserved | Bathroom Remodeling Ocala FL | Powered by Snapps