Remodeling your bathroom to increase your homeโs value can be a daunting task. Before you get started, itโs important to understand just how much time and money youโll be investingโand whether itโs 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 Homeโs Value?
Before you begin a home remodel project, itโs important to have a good idea of how it will increase the value of your home. Itโs not always obvious how a remodeling project with increase home value, as that can depend on a few different factors:
- Your homeโs location in relation to schools, shopping centers, and restaurants
- Your homeโs 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 doesnโt 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 2โ3% 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 youโve settled on the details of your bathroom remodel project, youโre ready to consult the experts. Fletcherโs Plumbing & Contracting, Inc. is the smart choice in bathroom remodeling. With decades of experience in bathroom contracting and plumbing, weโre primed to get started on your bathroom remodel project. When youโre ready to roll, give us a call or click here to schedule your consultation. Weโre excited to help you increase your homeโs value with a bathroom remodel.
Resources:
https://www.homeadvisor.com/cost/bathrooms/remodel-a-bathroom/
https://www.networx.com/article/bathroom-remodel-facts-figures