A bathroom remodel is a great way to give your home a new and improved feel and increase the value of your home. Of course, the return in home value you receive depends on the quality and details involved with the bathroom remodel, which is why choosing a reputable and proven bathroom remodeling contractor is important. This review discusses on average how much you can expect to save from a professional and well-done bathroom remodel.
Does a Bathroom Remodel Increase Home Value?
Bathroom remodels increase the home value substantially in most cases. On average, bathroom remodels increase home resale value by approximately 65 percent of the investment price. This means at an average home renovation cost of $25,000, the homeowner can increase their home value by about $15,000. Of course, the home resale value can fluctuate for every homeowner depending on the renovations they choose. In fact, some may see it as high as a complete return on their investment.
Bathroom Remodeling Ideas to Increase Resale Value
Every homeowner should have their own goals for their bathroom remodeling project. For those who want to optimize their home’s resale value, there are some ideas that can help you accomplish that. Among other upgrades, this includes upgrading the plumbing, vanity and bathroom flooring. It is also beneficial to make your bathroom more energy efficient. Of course, every project is unique. A contractor can provide a personalized remodeling plan to help you maximize your home’s resale value.
Upgrade the Bathroom Fixtures and Plumbing
The bathroom fixtures such as the toilet, sink, shower and tub are relatively inexpensive to upgrade, but they can increase the home resale value by a fair amount. This is a primary component of most bathroom remodeling projects unless the homeowner recently had new plumbing fixtures installed. You can also choose smart showers and toilets to modernize your bathroom and make it more appealing for many buyers if and when you decide to sell your home.
Upgrade the Bathroom Flooring
Bathroom flooring can be a bit more costly, but it yields a solid return in the form of resale value. On average, bathroom flooring costs between $2 and $4 per square foot. You can also purchase innovative radiant heat flooring for approximately $6 to $7 per square foot to improve the bathroom’s overall comfort and feel. Through a cost assessment and discussion with a bathroom remodeling contractor, you can weigh the financial pros and cons of each bathroom flooring option and decide on the best option for meeting your design goals and maximizing your home’s resale value.
Make Your Bathroom Energy-Efficient
By considering the energy usage of the appliance you purchase and choosing energy-efficient models, you can save money on your water bill each month. They make low-flow showers, sinks and toilets that work just as well as outdated models while also cutting your energy usage substantially. These energy-efficient upgrades can also improve the home resale value.
Install a New and Improved Vanity
The bathroom vanity includes cabinetry, mirror, medicine cabinet and more. Installing a new and improved vanity can improve the functionality and feel of your bathroom while also increasing the home appraised and resale value. A new vanity can not only increase value based on the appraisal, but it can be a huge selling point when showing the home as well. There are also new and improved concepts for vanities, such as back-lit mirrors and medicine cabinets and wall-mounted (floating) vanities.
Should I Remodel My Bathroom In 2021?
Although a bathroom remodel can be relatively costly initially, many homeowners see a return of a large portion of the cost when they sell their home, along with getting to enjoy the benefits of the new bathroom fixtures as well. Ideally, homeowners should remodel their bathrooms every five to ten years to maximize their home’s resale value and ensure everything remains in good condition. This is, of course, in addition to the benefit of a better overall experience and added comfort with the bathroom as well.
The best way to determine if a bathroom remodel is right for you is to discuss remodeling ideas with a bathroom remodeling contractor. They can also provide specific information about how much your home resale value can increase and provide a quote for the initial costs of the remodeling.
Contact the Bathroom Remodeling Pros At Monumental Contractors
If it has been a long time since your last bathroom remodel (or if you have never had a bathroom remodel), then you may receive a substantial increase in home value by working with Monumental Contractors. We handle the entire remodeling process, so you never have to worry about the difficult processes often involved. If you would like to start the process or have questions, reach out to our professional and friendly team today.