A bathroom update can increase the value of your home anywhere from 10 percent to 40 percent. This increase depends on the amount of work involved and the quality of the bathroom. A simple bathroom remodel may cost as little as $20,000 or as much as $50,000. However, it is important to consider the potential downside of remodeling your bathroom.
Adding a bathroom to a home
Adding a bathroom to your home will improve its value by as much as 10 percent or more, depending on the quality of the space and how many updates you make. Adding a bathroom to your home is relatively inexpensive and can add anywhere from $20,000 to $50,000 to the value of your home. However, not every bathroom is worth adding, so you should plan accordingly before tackling this project.
There are many ways to add a bathroom to your home. For example, converting an unused walk-in closet into a bathroom is easy to do. It’s often easier to find an appropriate place to fit a bathroom in an unused area, such as the end of a hallway. Moreover, adding a bathroom in a large space can increase its value.
Cost of renovating a bathroom
The cost of renovating a bathroom can add anywhere from 10 to 40 percent to the value of your home. The exact amount depends on the quality of the bathroom, how much you want to change it and what materials you choose. A simple bathroom refresh may only cost you around $2,000 to $5,000, while a complete overhaul of the bathroom could cost as much as $50,000.
Plumbing is expensive and requires professional installation. The cost of plumbing and fixtures can total up to $16,000 for a single room. This is why it is a good idea to hire a professional to do this work. Adding energy-efficient features to the bathroom is another way to cut costs. Installing low-flow faucets can help you save water and money. Additionally, you may want to make the bathroom accessible for older people or those with disabilities.
Perceived value of a bathroom remodel
The perceived value of a bathroom remodel to a house is a very important factor in the overall value of a property. Potential buyers look for a space that reflects modern aesthetics and functionality. However, a bathroom can be detracting to the overall value of a home if it has too many personal details or trendy colors. In this case, it is best to keep the design simple and elegant.
A simple upgrade like new bathroom cabinets can make a big difference. Old cabinets should be replaced, and you can also replace them with new hardware. While a complete bathroom remodel can add a significant amount of value to a home, some changes are more beneficial than others. For example, an updated vanity can make a bathroom look much more modern and contemporary.
Adding storage space to a bathroom
Adding extra storage to your bathroom will not only improve the appearance of the space but also increase its resale value. Buyers look for storage space in their bathrooms. A recessed medicine cabinet can help maximize the space in your bathroom and increase its value.
Adding storage space to a bathroom is an easy way to increase the size and value of your home. Walk-in closets are also a good option. You can also turn an existing storage space at the end of the hallway into a guest bathroom. In addition, dividing a large bathroom will increase privacy and increase the value of the property.
Adding luxury materials to a bathroom
Adding luxury materials to a bathroom can boost a home’s resale value. However, it is important to note that potential buyers may not appreciate the luxuries that you’ve chosen. High-tech luxuries may detract from the value of your home, and overly personalized designs and colors may detract from its appeal. A popular stone material will boost the value of your bathroom, however.
Adding luxury materials to a bathroom can increase its value without costing a fortune. However, this type of renovation should be carried out only in upscale neighborhoods. If it is located in an undesirable neighborhood, the bathroom’s value may decrease. In this case, it’s best to make small improvements that add aesthetic value.