A bathroom remodel can be beneficial for multiple reasons, although two in particular stand out: an improvement in the redistribution of space in the room and the opportunity to add value to your home. However, not all bathroom renovations yield the same level of return on investment (ROI). In fact, this figure depends on several factors. Here is a closer look at this subject.
Average Added Value Depends On The Scale Of The Remodel
The average value a bath remodel adds to your property largely depends on the scale of the project. In other words, the ROI that this type of renovation yields is often greater when several aspects of the bathroom (e.g. sinks, fixtures, colors, and tile) are upgraded. Let’s analyze the comparative value added by carrying out two different types of bathroom renovations: a mid-range remodel and an upscale project.
Value Added From A Mid-Range Remodel
According to Remodeling magazine, homeowners who completed a mid-range bathroom remodel in the United States in 2019 (which cost approximately $20,420) were able to recoup 67.2% of their costs on average. This marks a decrease from 2018, when a mid-range remodel (which that year cost approximately $19,134) yielded an average return of 70.1%.
This type of renovation typically includes repainting or replacing cabinets, replacing fixtures such as the showerhead and sink faucet, improving the lighting, and upgrading windows and doors. Be sure to speak with your contractor for recommendations on which types of materials (e.g. stainless steel, brass, zinc, etc.) you can use for these elements of your bathroom. Unless you wish to substantially increase the space in your bathroom, tearing down walls is generally not necessary for a mid-range remodel.
Value Added From An Upscale Remodel
Remodeling magazine concluded that an upscale bath remodel in 2019 (which cost approximately $64,743) offered a significantly lower average ROI than a mid-range project: 60.2%. In 2018, both the average cost ($61,662) and return (56.2%) of an upscale remodel were lower.
An upscale remodel often entails improving nearly every major part of a bathroom. This means upgrading the countertops, the walls and flooring, and the vanities, as well as the large components and areas of the room, such as the toilet, tub, or shower. Some demolition is typically necessary to complete an upscale bath remodel, especially if you wish to add more cabinets (or other types of compartments) to store your personal items, such as toiletries. If you are remodeling a master bathroom, you can potentially add significant value to your home by adding a second sink. (Doing this is not recommended in a small-sized bathroom, however, as this may decrease the room’s level of comfort and aesthetic appeal.)
You may choose from a wide variety of materials for floors and countertops, including marble, granite, ceramic, wood, and resin. Some materials are more durable and expensive than others, so be sure to know which ones fit your lifestyle and budget.
Finally, an upscale bathroom remodel project may include the installation of special features such as a ceiling fan, an electric fireplace, or heated floors. If you choose to add any of these features, it’s important to ensure that they are safely installed. It may also be necessary (or at least helpful) to take measurements before setting up such features.
A bathroom remodel project should ultimately be completed according to your specific needs and goals. If your primary objective is to make this room more livable by creating additional space, be sure to keep this in mind all throughout the remodeling process. If you choose to remodel a bathroom on the second floor of your home, you can expect your labor costs to be relatively higher.
Consider Professional Bathroom Remodeling Services
Reach out to the professionals at Monumental Contractors in Washington, DC for more information on how much value you can add to your home by remodeling your bathroom. We are a family-owned-and-operated contracting company dedicated to serving the DC Metropolitan Area. We strive to uphold our core values of integrity, quality, respect, and accountability in every project we undertake.
The experienced team at Monumental can always complete your project in a timely manner while staying within your budget. Our remodeling process always follows the same format. It begins with an initial consultation with one of our design and construction professionals so that they may understand your vision for the project. After the design agreement has been signed and ratified, we will gather all of your selections, including paint colors, vanities, lighting, flooring, and permits (if necessary). We will then hold a pre-construction meeting to discuss the project timeline and logistics. Afterward, the construction may begin and a quality check will be performed. The process concludes with a final walk-through inspection to ensure that every aspect of the remodel has been addressed. Call Monumental Contractors today at (703) 552-9626 or contact us online to schedule a consultation.