Embarking on a few home improvement projects to increase the value of your property before you sell it is commonplace.
As Realtors, we’ve seen sellers opting to remodel or renovate their bathrooms in order to increase their appeal among buyers. In fact, the National Association of Realtor’s’2019 Remodeling Impact Reportnames bathroom makeovers as one of states it’s one of the most popular interior renovation projects for homeowners. In fact, the National Association of Realtors’ 2019 Remodeling Impact Reportnames bathroom makeovers as one of the most popular interior renovation projects for homeowners.
Also, the returns of midrange and upscale bathroom additions and remodels in the country’s West South Central region have actually gone up compared to last year, according to data from Remodeling.HW.Net’s 2019 report.
Learn more about bathroom remodeling from the best Dumas realtors:
The cost and return of investment (ROI) on bathroom renovations
When it comes to renovations, it’s rare to recoup 100% of your investment. Before going full speed ahead on your home improvement project, set realistic expectations.
According to Remodeling.HW.Net’s West South Central 2019 National Averages, the ROI on bathroom renovations are the following:
- Midrange bathroom remodel
Resale value: $13,007
- Upscale bathroom remodelBathroom Remodel
Resale value: $37,659
- Midrange bathroom addition
Resale value: $27,975
- Upscale bathroom addition
Resale value: $48,609
What do you consider when updating your bathroom
When it comes to improving an outdated bathroom, always start with functionality. Make sure the plumbing, electrical wiring, and overall structure of the bathroom are in sound condition before you go into the aesthetic aspects of the remodel.
Once you have the fundamentals in place, think about the type of update your bathroom needs. Adding a few luxury features is another way to increase the value of the home and impress buyers.
Here are a few more things to consider:
- Replace your tiles
This is a simple way to give your bathroom a fresh new look. Install smaller non-slip tiles for an update that’s both functional and stylish. Look for affordable tiles that mimic the look of stone or wood.
- Apply a fresh coat of paint
Simple but effective, painting your bathroom walls can liven up the space and make it look brand new. Choose neutral colors to appeal to a wider range of buyers.
- Update the bathroom vanity
Includes new sinks, taps, mirrors, and cabinetry. Choose granite or quartz countertops for durability and aesthetic appeal. Adding more storage space is also a plus.
- Replace your tub or shower
Consider the size of your bathroom and figure out the better upgrade. If you have an existing tub, replace it with popular new models. If you have the space, consider installing a walk-in shower.
What you should consider when adding a new bathroom
Space and budget are the primary concerns when installing a new bathroom. Figure out the type you need, whether it’s a half-bath for guests or a new master bathroom. For the best results, consult with different contractors and building experts before going through with your renovation.
For more advice on improving the value of your home, give The Real Estate Gales Team a call at 806.930.8888 (Cheryl) or 806.884.8769 (Jayme). You can also get in touch with us here.