On average, remodeling a bathroom could increase home values by 66% of what is spent on renovation. Luxury remodeling could recover about 57% of their costs in terms of rising home values. But how much value does a bathroom remodel bring to your home? A bathroom is an essential part of any home, but it is often overlooked. Upgrading this space or adding a new bathroom is one of the best ways to add value to your home.
You want your bathroom to be functional and elegant. A bathroom remodel or addition is a way to improve the sale of your home or make it more practical for you and your family. Mid-range domestic bathroom remodeling projects recovered 72.5% of remodeling costs, while new bathroom additions added 60.1% of remodeling costs to the total property value. 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 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. Here are the 5 bathroom renovation projects that stretch your money further, both by themselves and together with each other. 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. And on a scale of one to ten, NAR reports that the joy score of a bathroom renovation is 9.6, both for homeowners who hire a professional to do their remodel and for those who undertake the project on their own.
What this tells us is that there is more to be gained from renovating a bathroom than just an increase in the price of a house. New bathroom floors, even when carried further away with radiant heat, are one of the least expensive renovations you can do, but they can also completely change the look, feel, and utility of the space. 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. Value Report, yields from mid-range and high-end bathroom renovations are, for the most part, increasing.
If you're thinking about taking the leap, it may help to know that for most home renovators a bathroom improvement is far from regrettable. Routinely, housing experts cite bathroom remodeling as one of the best renovation projects you can undertake if you want to increase your home's resale value and appeal to potential buyers. If you plan to sell your home sometime in the near future, you'll likely enjoy a higher ROI on renovation work if you hire a licensed and experienced bathroom remodeler near you to complete the job. Whether you're planning a full bathroom remodeling project, a new addition, or a cosmetic upgrade, the bathroom is one of the most efficient ways to recover your investment.
