Bathroom Renovations Are For More Than Just Practical Use
For those of us that are in the midst of updating or renovating a bathroom in the house, here is a great article about the results of doing such work to our homes. Enjoy this article about how renovating will increase your home’s value… and you can enjoy the improvements while you live there!
If you plan on selling your home, it’s important for you to conduct a walkthrough and determine where you’re most likely to improve your home value. Bathrooms are an important part of the equation. A functional and stylish bathroom can go a long way. With simple renovations and upgrades, you can improve your home’s value and make potential buyers happy. According to a report conducted by Remodeling Magazine, investing around $18,000 allows you to recoup 66% of that cost in the value of your home. Another report from Consumer Reports found that inexpensive renovations can increase the value of your home between 2% to 3%.
Focus on Smart Upgrades
“Not everyone has nearly $20,000 to throw into a bathroom remodel, but the great thing is, you don’t need to,” says Everhart Construction, a company that offers bathroom remodeling in Houston. “Making big upgrades isn’t always necessary—instead, focus on making smart upgrades.” If you’re on a tight budget, put your attention of renovations that have a high return on investment. Updated cabinetry and fixtures, better lighting, new tiles or flooring, and small touches of luxury are all ways to spend less and get more.
Repair Necessary Issues
The last thing a potential buyer wants is to discover undercover electrical, plumbing, or structural issues. Not only does this have a negative impact on your value, but it can also come across as deceptive. Before you get to work making upgrades, fix what’s going on beneath the surface. Have inspectors come over to assess the situation. If you find any issues and fix them, you can improve your home value and boost your transparency to buyers.
Update Your Vanity
Your vanity is the focal point of your bathroom. Vanities typically high strong ROIs, though initial investments may be on the higher end depending on what you’re looking for. When it comes to improving your value, be sure to consider what current buyers are most interested in. Your real estate agent can help you discover what’s trending in your area. This will help you prioritize your renovations. Think about storage, visual aesthetics, and the overall flow of the space.
Improve Value Perception
Believe it or not, you can improve the value perception of your home without actually doing much. “Perceived value” in this case refers to a buyer’s ability to feel good and confident about their purchase. Perceived home value is all about how potential buyers view your home. Even when the official market value is set in stone, focusing in on perceived home value allows you to stand out from the competition, which is great for when you have multiple interested buyers and other great homes on the market.
When it comes to value person, appearances are everything. A fresh paint job, recaulking or relining your tub and shower, and incorporating luxury items and finishes can do wonders for how it makes people feel in a space. Start by taking a look at some inspiration photos on platforms like Pinterest, and pay attention to the way decor and style help improve the bathroom. In many cases, you can find that there are beautiful bathroom styles than be replicated for a portion of the cost and time.
Replace Your Tub or Bathroom
If you really want to create the spa experience—which anyone would enjoy—consider replacing your tub or bathroom. In bigger homes and master bathrooms, you’ll find that large walk-in showers and separate baths are the current trend. If possible, this is the direction you should head in. Ideally, soaking tubs are a great bet, though current studies have found that whirlpool tubs are on the decline. If you’ve got one or the other, improve your water pressure and showerhead with fancier options and personalized control systems.
Rework Your Flooring
Flooring can completely change the way your bathroom looks. For tighter budgets, you can find inexpensive vinyl that replicates the look of stone or wood. You can also install radiant mat flooring for another your tiles, which might be an attractive option for homes in colder climates. Depending on style choices you make, you may even consider printed tiles that a stylish flair and colorful pop.
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