Discover how a bathroom remodel can increase the value of your home and the factors to consider when determining the impact of the project
A bathroom remodel can significantly increase the value of your home, with the potential to recoup up to 58% of the cost of the renovation at resale. In addition to adding financial value, updates to the bathroom can also inspire potential buyers and make the selling process easier.
Investing in a bathroom remodel can be a worthwhile decision for homeowners looking to improve the appeal and value of their property
A bathroom remodel can involve a wide range of changes, from updating the fixtures and finishes to reconfiguring the layout of the room. The process of a bathroom remodel can vary depending on the scope of the project and the specifics of the space.
Planning: The first step in a bathroom remodel is to plan out the changes you want to make. This may involve creating a design plan, selecting materials and finishes, and determining a budget.
Demolition: Depending on the extent of the remodel, it may be necessary to remove existing fixtures, finishes, and other elements of the bathroom. This process is known as demolition.
Installation: After demolition is complete, the next step is to begin installing the new elements of the bathroom. This may involve installing new fixtures, such as a toilet, sink, and shower, as well as finishes, such as tiles and countertops.
Finishing touches: Once the major installations are complete, it’s time to add the finishing touches to the bathroom. This may involve adding paint or wallpaper, installing lighting and ventilation, and adding accessories, such as towels, rugs, and storage.
Cleanup and inspection: After the remodel is complete, it’s important to thoroughly clean the bathroom and ensure that everything is in good working order. This may involve a final inspection by a professional to ensure that all installations and repairs are up to code.
The average cost of a bathroom remodel
The cost of a bathroom remodel can vary widely depending on the extent of the project and the materials and finishes you choose. According to HomeAdvisor, the average cost of a bathroom remodel is $9,600 and an average ROI of 57.8%.
Fixtures with the highest ROI
If you’re looking to maximize the return on investment (ROI) of your bathroom remodel, it’s important to focus on the fixtures and finishes that have the greatest impact. According to the 2020 Cost vs. Value report, the following bathroom fixtures have the highest ROI:
New toilet: A new toilet is an affordable and easy way to update your bathroom. According to the report, a new toilet has an average ROI of 107.5%.
New bathtub: A new bathtub can add a touch of luxury to your bathroom and has an average ROI of 80.8%.
New sink: A new sink can also add a touch of style to your bathroom and has an average ROI of 73.1%.
New tile floor: New tile flooring can add durability and style to your bathroom and has an average ROI of 71.6%.
New countertops: New countertops, such as granite or quartz, can add value and appeal to your bathroom and have an average ROI of 70.1%.
How to recoup your expenses
If you’re planning to sell your home in the near future, you may be wondering whether a bathroom remodel is a good investment. While a bathroom remodel can certainly increase the value of your home, it’s important to consider how much of the cost you’ll be able to recoup.
According to Remodeling Magazine’s 2020 Cost vs. Value report:
Midrange bathroom remodel which involves updating fixtures and finishes, but keeping the same layout has an average ROI of 66.1%.
Upscale bathroom remodel which involves a complete reconfiguration of the layout and the addition of high-end finishes and features has an average ROI of 50.2%.
A bathroom remodel can be a great investment, but it’s important to carefully consider whether it will actually add value to your home. By carefully planning the project, choosing the right fixtures and finishes, and considering the current real estate market, you can make an informed decision about whether a bathroom remodel is right for you.
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