How Much Does a Bathroom Remodel Increase Home Value?

Remodeling your bathroom to increase your home’s value can be a daunting task. Before you get started, it’s important to understand just how much time and money you’ll be investing—and whether it’s worth it in the long run. What you can be sure of is that a bathroom remodel project is one of the smartest ways to add value to your home.

How Will a Bathroom Remodel Increase My Home’s Value?

Before you begin a home remodel project, it’s important to have a good idea of how it will increase the value of your home. It’s not always obvious how a remodeling project with increase home value, as that can depend on a few different factors:

  • Your home’s location in relation to schools, shopping centers, and restaurants
  • Your home’s exterior and interior appearance and design
  • The value of similar homes up for sale on the market

While there are a lot of factors at stake, bathroom remodel projects yield high returns. Imagine yourself taking a walk-through of a house. When you imagine your perfect home, you most likely place a lot of importance on its bathrooms. It only makes sense that potential homebuyers will feel the same way. According to Consumer Reports, 42% of real estate professionals say that, when selling a home, bathrooms are some of the most important rooms to keep in good condition.

How to Add Value to Your Home With a Bathroom Remodel

A bathroom remodel doesn’t have to include major, expensive changes such as installing a new shower or water system. Simple upgrades including repainting the walls or installing new handles on bathroom cabinets can brighten up the room and make it more inviting. Even small, relatively easy improvements like caulking a bathtub or installing new tile flooring can equate to a 2–3% return on investment.

Major bathroom remodel projects:

  • Installing new tile flooring
  • Replacing the vanity area
  • Installing a new bathtub or shower
  • Installing a new water system

Minor bathroom remodel projects:

  • Repainting walls or cabinets
  • Adding new lighting fixtures
  • Installing a new toilet
  • Adding new faucets

How Much Does a Bathroom Remodel Cost?

When determining the cost of your bathroom remodel project, consider the updates you would like to see, and the current size of your bathroom. Generally speaking, master bathrooms are more expensive to remodel, while half baths will be cheaper. In 2019, the average U.S. bathroom remodel cost was $10,322, with most homeowners spending between $5,953 and $14,827.

Prices of common bathroom remodel projects (low end to high end):

  • New bathtub: $400 to $8,000
  • New cabinets: $1,200 to $13,000
  • New flooring: $800 to $7,000
  • New shower: $450 to $10,000
  • New toilet: $130 to $780
  • New sink: $190 to $6,500

How to Start Your Bathroom Remodel Project

Once you’ve settled on the details of your bathroom remodel project, you’re ready to consult the experts. Fletcher’s Plumbing & Contracting, Inc. is the smart choice in bathroom remodeling. With decades of experience in bathroom contracting and plumbing, we’re primed to get started on your bathroom remodel project. When you’re ready to roll, give us a call or click here to schedule your consultation. We’re excited to help you increase your home’s value with a bathroom remodel.

Resources:

https://www.consumerreports.org/cro/magazine/2015/03/top-5-ways-to-boost-the-value-of-your-home/index.htm

https://www.homeadvisor.com/cost/bathrooms/remodel-a-bathroom/

https://www.washingtonpost.com/news/where-we-live/wp/2015/05/19/how-to-save-money-on-your-bathroom-remodel/?utm_term=.46c7ad9cd4c1

https://www.networx.com/article/bathroom-remodel-facts-figures