In resale, mid-range renovations recover 67.2% of their costs, while high-level renovations recover 60.2%. But it really depends on your personal situation. It is very difficult to know exactly how much a bathroom remodel can increase the value of your home, because it depends on factors from the external market and the neighborhood you live in. Bathroom additions are the most returning, according to the report by Remodeling magazine, an average of 86.4 percent.
The addition of attic bedrooms, family rooms and glazed terraces returned between 70 and more than 80 percent of the money spent and that doesn't factor in the value of your own enjoyment of all that new space. However, it can be misleading to break and put a price tag at every step of a bathroom remodel. Even if you are just redoing the fixtures and tiles, you may find that you need to replace the plasterboard on the wall or address issues behind the walls, such as old valves and old drain pipes. An intestinal renewal, covering the entire space of the bathroom, allows you to plan more broadly.
By doing a bowel renewal, you can do more work, in the right sequence and more profitably. You have a fair amount of options for deciding what to spend on the material aspects of renovating a bathroom. If your house has two or more bathrooms and everyone needs remodeling, it makes perfect sense to start with the largest and most widely used master bathroom. According to the National Association of the Remodeling Industry, if bathroom renovation is done well, homeowners will recover 50% of their investment.
If your home doesn't have enough bathrooms to accommodate an average family and a few guests, you might consider adding another bathroom to increase the value. If you absolutely need to remodel the bathroom in your Dallas area home, a mid-range bathroom remodel can generate a return of 72.7 percent. A mid-range remodel is the only type of cost universally designed bathroom remodel surveyed in the report, but it offers the highest performance of any bathroom remodeling project. If you're considering a remodel or renovation solely to increase the resale value of your home, keep in mind that while 33% of realtors recommended a renovation to their sellers, only 4% of homeowners reported that it helped them close a sale.
If you're handy with common household tools, you can probably undertake projects such as installing bathroom floors, laying ceramic tiles, painting walls, installing a bathroom vanity, adding a GFCI outlet, and even running branch circuits. Installation is the final stage of incorporating all the bathroom renovation materials you have purchased. Knowing what affects the cost during a bathroom renovation will allow you to better align your budget and avoid surprises. While renovating a bathroom doesn't necessarily mean a lot of money when you sell your home, it can provide you with more enjoyment while you live there.
For example, if you have a house with only one bathroom or a disproportionate number of bedrooms and bathrooms, adding an extra bathroom can be a smart move.