Will a Bathroom Remodeling Project Increase Your Home's Value?
One of the most common questions home sellers have is whether a bathroom remodeling project will increase their home value or not.
According to the National Association of Realtors, a bathroom renovation will go a long way towards generating interest in a home. It is the most effective home improvement if you want to sell quickly.
Bathroom remodeling can also increase a home’s value. At resale, midrange renovations recoup an average of up to 68% of the project’s cost. While it isn’t likely to recoup 100% of your remodeling costs at resale, a bathroom renovation project has the highest return on investment (ROI), provided that you make the right decisions.
Draw Up a Budget
Creating a budget will ensure that you don’t spend more than necessary to increase your home’s value. Budgeting will streamline your project, allowing you to make quality and high-return upgrades without reducing the return on your sale.
Stick to High-Return Bathroom Renovations
All bathroom upgrades don’t add the same value. Installing features such as lavish fixtures may not affect your resale value at all. On the other hand, several low-cost upgrades will increase your home’s resale value significantly. Include these renovations in your project to ensure optimal results at the lowest cost.
A New Coat of Paint
Painting your bathroom walls is one of the most affordable renovations, and it is among the most effective. With a multi-purpose filler and a coat of paint, you can address wall imperfections such as small plaster cracks and damage resulting from mold-growth or moisture.
You can easily do this part of the project yourself to save costs. Stick to neutral colors for optimal appeal.
Flooring
A flooring replacement is another cost-effective renovation to transform your bathroom’s appearance. There are many flooring options available under $4 per square foot, and you can also use the opportunity to install under-floor radiant heating.
Vanity
Replacing cabinetry and countertops will improve your bathroom’s curb appeal and functionality. By installing natural stone countertops, you can incorporate natural tones and textures to make your bathroom more appealing to buyers. These countertops also withstand high humidity levels and have a long lifespan.
Efficient Upgrades
Renovating a bathroom to save water, electricity, and costs will significantly increase your home’s resale value. These upgrades include fixture optimization for less water usage. Other high-efficiency features include a water-saving showerhead, a new extractor fan with a high-efficiency rating, and a solar water heater.
Fixture Replacements
An old bath, shower, toilet, sink, or faucets can give your bathroom a dated appearance. By replacing these fixtures, you instantly modernize your bathrooms. Contemporary, straightforward fixtures are generally affordable, and they will appeal to most buyers.
Contact Marble Granite World
Our experts at Marble Granite World offer stone fabrication solutions for bathroom remodeling projects in North Carolina. We are a reputable and family-owned business that provides custom services to increase the resale value of your home. Contact us today to schedule a consultation and receive a project estimate.
