If you are looking to sell your home, it is important to choose projects that will increase the resale value of your home. This way, you will be able to recoup your investment quickly and for a higher price. One project that many housing experts recommend for home sellers is a bathroom remodel. The reason for this is that a bathroom remodel will make a home more appealing to potential buyers.
Remodeling a bathroom can increase home value
Remodeling a bathroom is an easy way to increase the resale value of your home. It is also a great way to update worn-out fixtures and make the space more functional. Several studies have shown that a newly remodeled bathroom will increase the overall value of your home. Moreover, remodeling a bathroom increases equity and reduces the need for private mortgage insurance.
Despite the fact that the cost of a bathroom remodel is usually between $6,200 and $15,250, homeowners can expect to recoup at least two-thirds of their investment in the long run. Additionally, an updated home tends to attract more serious buyers and may sell faster.
Avoid high-end materials in the bathroom
High-end materials in the bathroom are not always appealing to potential buyers. They can decrease the value of your property. However, you must keep in mind that some materials can increase the appeal of your property. If you want to increase the value of your home, avoid using high-tech fixtures or materials. Also, avoid using overly personalized details or trendy colors. Instead, opt for popular stone materials, which can improve the value of your home.
Whenever you do bathroom renovations, make sure that you choose materials that are easy to maintain. If you have tile floors, choose peel-and-stick tile, which doesn’t require grout and tools. A sink and vanity combo that comes with an installed countertop is also a good idea. In addition, make sure that you install adequate lighting. You can use overhead or track lighting to create adequate lighting in the room.
Investing in a bathroom can increase resale value
It’s important to pay attention to the details when remodeling your bathroom. Adding a high-quality vanity, a unique shower enclosure, or eye-catching tiles can grab the attention of potential buyers. In addition, bathroom remodels can add resale value to your home.
Replace outdated or damaged bathroom counters. Old or damaged bathroom counters can turn off prospective buyers. Replacing them with new ones made of high-quality materials will impress buyers and show that you’ve invested in your home.
Investing in a bathroom can increase home value
There are many ways to increase the value of your home by upgrading your bathroom. Investing in a freestanding bathtub, for example, will likely increase your home’s value by sixty to eighty percent, depending on the material used and its size. Likewise, adding new countertops will provide a three to five percent increase in value. Of course, the return on investment is lower if the bathroom is small.
You may also want to add storage space to the bathroom. You can add linen closets, medicine cabinets, and towel racks for extra storage. Another way to increase the value of your bathroom is by installing heated floors. These are relatively inexpensive, starting at just $265. If you have space in the bathroom, heated floors could add one to three percent to your home’s value.