Does a home’s value go up with a bathroom renovation?
Deciding what home improvement projects to invest in can be tricky. You don’t want to pour money into a renovation or remodel that won’t pay off when you go to sell. If you’re eager to increase your home’s value, consider starting in a small but essential part of your home: your bathroom.
On average, homeowners can spend a substantial amount on bathroom renovation projects, and resale value often depends on the scope and quality of the work. Midrange renovations commonly recoup a larger share of their costs than upscale renovations, making it important to balance style, budget and buyer appeal.
Small upgrades for big impact
Adding value to your home with a bathroom remodel doesn’t mean you have to start from scratch. Minor improvements can make a big difference to potential buyers.
Think of your bathroom remodel as a work in progress rather than an all-or-nothing project. Replace broken or inefficient elements first, then move on to other updates as money becomes available.
An old, leaky faucet or basic showerhead will deter buyers. Swap dated fixtures for modern ones. Bold finishes and spa-like amenities can transform your bathroom quickly and inexpensively. Don’t forget about lighting. A new light fixture will brighten the look of your bathroom and is a perfect opportunity for your design aesthetic to shine.
A fresh coat of paint is a game changer in any room, especially the bathroom. Since bathrooms are typically small, you won’t need to spend a lot of time or energy painting the walls for maximum impact. To appeal to a broad range of buyers, opt for a neutral hue.
Big projects to increase value
Buyers always value storage. Upgrade your old vanity with a new one to offer more storage and style. High-end materials such as granite and marble for the vanity countertops can impress buyers. If there is enough space, consider adding dual sinks, a feature buyers appreciate in a primary bathroom or a bathroom shared by multiple family members.
Even if you love the retro tile in your bathroom, buyers may not. There are a variety of high-quality flooring options to fit most budgets. Whether you choose ceramic tile, vinyl plank, linoleum or engineered hardwood flooring, your bathroom will look dramatically different with a flooring update.
If you want to take the floors to the next level, you could install radiant heat mats under the tile to warm the floors for a cozy feel after a shower or bath.
Focus on energy efficiency
Buyers are not only looking for current value, they are also looking for improvements that will continue to save them money. Simple tweaks, such as optimizing your shower, sink and toilet to be low flow, can save water and money. Plus, energy-efficient improvements are good for the environment.
Most buyers are looking for turnkey homes. An updated bathroom, whether it boasts small improvements or complete overhauls, will be more attractive to buyers than a bathroom stuck in the past. Determine your budget, be a savvy shopper and complete what you can yourself to save money on your bathroom updates.
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