When homeowners opt for bathroom remodeling, they often get trapped in a common question: How much does a bathroom remodel increase property value? To answer this question, our expert consultants acknowledged years of experience and projects, concluding that every bathroom remodel can enhance ROI by up to 70%.
However, aspects of the renovation that affect the overall property value include upgrading flooring, enhancing functionality, ventilation, lighting, and more. Read on to understand each in detail.
Factors That Decide Property Value After Bathroom Remodel
1. Upgrading Flooring
Bathroom flooring is one of the first things any buyer notices. An outdated, less functional, and creaky tile floor can significantly lower the value. Enhancing flooring with durable, water-resistant, and aesthetically appealing material can increase ROI significantly.
You can consider durable ceramic tiles or easily maintained luxury vinyl plank (LVP) for the wood-like look and increased aesthetics. Additionally, adding heating elements to the floor can boost the comfort, appeal, and overall property value.
2. Enhancing Vanity and Fixtures
Upgrading fixtures and vanity can significantly enhance the overall value of your home. You can update an old single pedestal or small vanity to a larger and double sink with enlarged storage and functionality to improve looks and usability. Granite countertops and modern designs yield higher ROI.
Consider swapping old sanitaryware for new, like a standard tub to a walk-in shower for advanced aesthetics and more usable space. However, keeping one bathtub in one bathroom is ideal for home buyers.
3. Ventilation and Lighting
Ventilation and lighting can enhance the overall appearance of your space. Even after an expensive makeover, if the lighting is poor, it can make it look drab, and a lack of ventilation can increase the chances of mold growth.
Proper lighting and ventilation are essential for increasing ROI, preventing moisture damage, and enhancing ambient visual appeal.
4. Adding a New Bathroom
Adding an extra bathroom is a significant makeover, offering an increased ROI of up to 55%. Therefore, if you currently have one bathroom, consider adding another to enhance benefits.
Families with children need additional space to make the bathing experience simpler and more convenient. You can consider mid-range or luxury bathroom designs to achieve maximum ROI.
Maximize ROI with Bathroom Upgrades: Best Practices
1. Energy and Water Efficient Solutions
Always consider energy-efficient lighting and low-flow toilets to enhance sustainability. Some eco-conscious buyers prefer environmentally friendly solutions.
Low-energy consumption LED lights, low-flow faucets, and toilets are ideal to achieve maximum efficiency and increase overall property value. This way, buyers can reduce their carbon footprint without investing extra.
2. Additional Storage
Bathrooms are usually smaller and the most used space in your home, requiring special functionality with additional storage to increase ROI.
Buyers appreciate creative solutions that enhance both functionality and style. Smart storage upgrades like built-in shelves, vanity drawers, and over-the-toilet cabinets can maximize space in a small bathroom while maintaining a clean, aesthetically pleasing look.
3. Leak Proof Designs
Plumbing leaks, tile cracks, and water damage can reduce overall appeal and property value. So, always consider renovating the areas that are significantly worn out to maintain not only safety but also enhance ROI.
This single factor not only ensures your property is well-maintained but also leaves a strong, positive impression on potential buyers.
4. Functionality with Aesthetics
The bathroom is one of the most frequently used spaces in your home, requiring a careful balance of safety, functionality, and visual appeal.
Features like walk-in showers and under-sink cabinets not only improve daily usability but also maintain a sleek, modern look. These thoughtful upgrades can broaden your property’s appeal to a wider range of potential buyers.
Enhance the Overall ROI of Your Property Today
Still unsure about how much a bathroom remodel can increase your property’s value? The return on investment is often justifiable when you consider the scope of the renovation, including upgrades to flooring, vanities, sanitaryware, and both aesthetic and functional improvements.
With this insight, you can confidently decide whether a bathroom remodel is a worthwhile investment, both for maximizing ROI and enhancing your overall bathroom experience.
At BNC Builders Inc., we are renowned bathroom remodeling contractors, providing reliable and advanced renovation for your bathrooms, making them highly functional and ready to bring more value when reselling. Our skilled professionals with years of expertise use modern design tools and materials that are durable and advanced for a luxury feel, even within your budget.
Get an affordable bathroom remodeling today and enhance overall ROI.
FAQs
Q.1 Does renovating a bathroom add value?
⇒ Yes. Renovating a bathroom can significantly enhance your property value. However, it depends on the renovation type, location, and local market trends.
Q.2 What adds the most value to a bathroom?
⇒ Renovating bathroom flooring, sanitaryware, fixtures, vanity, and ventilation can add the most value to the aesthetics and safety of the bathroom while boosting ROI.
Q.3 What is a realistic budget for a bathroom remodel?
⇒ The average bathroom remodeling cost varies between $6,000 and $17,000. However, it also depends on the renovation project, the location, and the material costs.
