Sometimes, when people go to purchase a house, they become disappointed to see an attractive house but the bathroom is not nice. This may become a major reason to reject the house.
Bathroom a deal-maker
Bathrooms may become a deal-breaker or a deal-maker when selling a house. The buyers will place a lower value if the bathrooms are not well designed or less in number in a house. But does the bathroom’s remodeling increase the home value?
Bathroom remodeling will not be able to make up all that you have spent to modify your house, but it is one of the projects that can fetch higher returns. Having a completely new bathroom can inspire buyers to think positively about buying your house and can even pay 2-3% more. The point is every minor thing that does in this space is going to increase the value of the home.
Tips for bathroom remodeling
Here are some of the tips from real estate pros and contractors that can help you spruce up your bathroom and increase the overall value of your home.
How much your bathroom remodeling project will cost depends on how much change you want to bring, what materials you want to use, and what is your timeframe.
An important thing to remember is that an expensive remodeling may not bring proportionately as high returns as low to mid-range bathroom remodeling will bring. In fact, small changes installing or re-caulking a new tub or adding a new toilet cover.
ROI on bathroom remodeling
According to real estate pros and contractors, if a bathroom remodeling project is executed properly, the homeowners will earn at least 50% profit on money put into the remodeling project.
The factors that can significantly increase the price of the home are updating old and damaged items, bringing in modern fixtures, and creating more space in the bathroom and in the house.
If the bathroom remodeling is done just before putting the house up for sale, it can give better results by keeping the attractiveness of the remodeling intact.
Bathroom remodeling with higher ROI
You may want to undertake the bathroom remodeling project, but you may not have a high budget. However, you can carry out small projects that can have a higher return on investment (R0I).
Replacing the flooring
With a replacement of the flooring, your bathroom will have a dramatically new look. You can choose the flooring that is waterproof and at the same time, less expensive. Classic wood can look attractive and serve the purpose.
Bathtub & shower
Replacing the old bathtub with a new and fancier looking tub would bring additional charm to your old bathroom. Similarly, the shower may have lost its sheen and appeal and may be in urgent need of window replacement.
Joy factor index
If your bathroom remodeling project is not aimed at increasing the resale value of the house, it can bring you enhanced joy from the project. If the joy index of a brand new bathroom is 10, a remodeled bathroom can achieve a job index of above 9.5.
Bathroom remodeling is a proven method to increase the value of the house before its resale. It can bring a higher level of joy index if selling it out is not the idea. In any case, spending money on bathroom remodeling is well worth it.
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