When you’re remodeling a bathroom, you may wonder whether it will increase the value of your home. In general, remodeling a bathroom can increase the resale value of your home, but some types of renovations have less impact. Adding a freestanding bathtub, for example, can increase the value of your home by 60 to 80%. However, the return on your investment will depend on the type of material you use, as well as its size and quality. Similarly, a new kitchen countertop can raise home value by three to five percent. However, remodeling a small bathroom may not have much of an impact on the resale value of your house.
Renovations add value to a home
Renovations can increase the resale value of a home, but the ROI varies depending on the project and the market. The best ROI is found in projects that add square footage or space. Bathrooms and kitchens are often the most expensive to renovate, but they can also add the most value to a home. While some renovations may produce higher ROIs than others, you should know what your budget is before starting your project.
Many real estate agents will tell you that the increase in value is higher for average-priced homes than for homes that are priced high. In addition, the impact of home improvements is greatest during periods of high real estate demand and economic activity. It is also important to note that time can influence the impact of home improvements. While structural improvements can add value for years to come, the benefits of technological improvements wear off quickly.
Energy-efficient updates increase resale value
Renovating your bathroom with energy-efficient upgrades can boost the resale value of your home. Not only will it reduce the amount of water that is wasted, but it can also lower your monthly water bill. Buyers are also drawn to energy-efficient homes, and this feature can be a huge selling point.
If your bathroom isn’t already energy-efficient, you should install energy-efficient fixtures and appliances. This will not only make the space more comfortable for you, but will also increase the value of your home. Besides saving money, these upgrades will make the bathroom look more attractive and give you more convenience.
Upgrading the flooring in your bathroom is an easy, inexpensive way to increase the value of your home. It is important to choose the right type of flooring for your home. Old, worn flooring may not appeal to potential buyers, but new, luxurious flooring can increase the value of your home. There are many options available to fit any budget, from ceramic tile to vinyl plank. You can also opt for heated floors, which are perfect for cold winters.
Although marble flooring is a luxury that can add value to a home, it is not a popular upgrade for potential homebuyers. Moreover, high-end upgrades are not always appreciated by potential buyers, and may not yield a high return. The same goes for a trendy color or overly personal touches. However, if you’re considering upgrading the flooring in your bathroom, you should consider installing high-quality flooring or heated flooring.