If you’re thinking about adding another bathroom to your home, you’ll probably be wondering what the overall costs are and how much of a return on investment you can expect. Here are some tips to keep in mind: While expensive materials can increase the value of your property, they can also decrease it. A trendy color or overly personal touch can also detract from the overall look. On the other hand, popular stone materials can increase the value of a bathroom.
Adding a bathroom to your home
Adding a bathroom to your home can improve the appeal of your property. While adding a bathroom is not a cheap undertaking, the investment will help you increase the value of your home. Depending on the size and quality of materials used, it could increase the resale value of your property by as much as 60%. Adding a heated floor can also boost the value of your bathroom. Depending on your local real estate market, the investment could bring anywhere from $1-2,000 back on the purchase.
Cost of adding a bathroom
The cost of finishing a bathroom can range significantly depending on your location and the complexity of the project. You should expect to pay more if you want to move plumbing or expand the space, and you can save money by using cheaper materials and doing some work yourself. The cost will also depend on the materials you choose and whether you’re using natural or engineered stone.
Return on investment of adding a bathroom
Adding a bathroom to your home increases the resale value of the home. While adding a full bath will add about a fifth to the value of a home, a half bath will only add about a tenth of the additional value. Although there are no guarantees that your bathroom will bring you a 100 percent ROI, it is still a worthwhile investment. The following remodeling tips can help you maximize your return on investment.
Freestanding bathtubs return 60-80% of their value during resale
Depending on the size, quality, and materials, freestanding bathtubs can bring 60-80% of their value back to the home during resale. In addition to improving the resale value, freestanding bathtubs can make a home appear larger and more modern, which is why they are so popular. However, the return on investment may be small, especially for small bathrooms.
Cost of adding storage space to a bathroom
Adding a bathroom can be an expensive project. The total cost of the project can run from $8,000 to $35,000, and can also include the cost of plumbing and electrical work. In addition, you’ll need to get a permit, which can cost anywhere from $200 to $500. The permit is necessary so that the work meets building codes and can be inspected.