How Much Does a Bathroom Renovation Boost Home Value?
If you are considering a home renovation, it is generally for either or both of these reasons: Either you want to upgrade your home so that it is up to standard for you and your family, or you want to add value to your property.
If you are considering a home renovation, it is generally for either or both of these reasons: Either you want to upgrade your home so that it is up to standard for you and your family, or you want to add value to your property. But not every home renovation adds value to properties, and those that do may not add as much as you might think, which is why, if you are renovating to add value, you have to be certain about the amount of value you stand to gain from the very beginning.
How about when you renovate your bathroom, is it going to add value of your home, or will it be a purely aesthetic affair?
Bathroom renovations and home improvements
According to studies, a bathroom renovation is one of the most popular home improvements for homeowners, but that is not all, studies also show that a bathroom renovation can increase equity value so much that homeowners can make as much as 67% profit on top of the cost of the bathroom renovation.
That said, it is always smart to be realistic when it comes to planning a bathroom renovation, as there are different types of ways you can renovate your bathroom, and the amount of value you can get from each of the varies. Home renovations that cost less to carry out tend to bring in the highest returns.
5 High Value Bathroom Renovation Ideas
If you are looking to renovate your bathroom, whether on a budget or serious upgrades, you want to set your sights on something that will bring in the most returns in value. This allows you to allocate your funds in the right home improvement project. To this end, here are the top 5 improvement projects you can do in your bathroom that will bring in top returns, whether on their own or together.
New plumbing fixtures
As your bathroom gets older, the plumbing and fixtures tend to wear out due to age and use, and this state of disrepair will not only affect the function and aesthetics of your bathroom, it can also discourage potential buyers. The good news though is that replacing plumbing and fixtures like shower heads, faucets, sinks, and so on, are not expensive, it can also transform the look and feel of your bath space.
If you intend to only replace or upgrade the fixtures of your bathroom, be sure to choose fixtures that complement the rest of your bathroom. Even if the plan is to install modern fixtures, you should still match colours and design.
If you are willing to spend a bit more on fixtures and bathroom equipment, you can consider replacing the sink with a complete bathroom vanity system. Vanities are combination cabinets, sinks, and faucets, and will not only change the look and feel of your bathroom, but also create usable space that can clear the clutter in your bathroom space. You can buy all the kits and parts you need to build a bathroom vanity by yourself or order an already made product from bathroom vanity manufacturers like ArchiPro New Zealand online.
Be sure to choose bathroom vanity made from materials that will appeal to potential buyers so that your house will not stay on the market for too long, should you choose to sell. For example, granite and marble are two top picks when it comes to bathroom vanity countertops.
Fresh coat of paint
Sometime, a fresh coat of paint is all you need to make a big impact in your bathroom. This is especially true for bathrooms that are already showing signs of water damage like mildew. However, you should also take steps to identify the cause of water damage and fix it before painting over.
Painting is not just a great bathroom renovation idea, it is also cheap, and is something you can do in your spare time as a DIY project. Be sure to use colours that will complement the elements in your bathroom, and where possible, consider a light, bright colour.
Upgrade the Flooring
If you are interested in something a bit more dramatic, then totally replacing your bathroom floor is the way to go. Replacing your bathroom floors also significantly increases the value of your property and will attract potential house buyers faster.
If you want a really impressive bathroom floor, you could go a step further by installing heat mats under the flooring. This will keep the floor of your bathroom warm, and provide a cozy feel after a shower or bath. Warm floors are also a great way to manage the cold months. You can also explore and choose from different underfloor heating options.
Even without adding underfloor heating, upgrading the floor of your bathroom is a really great way to boost the value of your home.
Improve energy efficiency
Finally, improving the energy efficiency of your bathroom is a great idea for adding value to your home. This is not just good for the environment; it is also a great selling point when showing your property to potential home buyers.
You can optimise your showers, sinks, and cistern for low water flow, so that you can use less water and save on water bills. You can also optimise the heating system in your bathroom so that you can also save on energy bills.