Many homeowners want to get the most value out of their bathroom renovation. That means focusing on upgrades that appeal to a wide range of buyers.
Avoid trendy materials and overly personal details, which might deter potential buyers. Likewise, be careful about installing high-tech luxuries like built-in speakers or televisions over the bathtub.
Keep The Layout Simple
A bathroom remodeling project is an excellent way to add value to your home. According to a magazine, you can expect to recoup 65.2 percent of the cost when you sell your home. Not only that, but homeowners who have updated their bathrooms report a higher joy score than those who haven’t.
However, you must be careful not to overdo it with upscale materials or high-tech amenities. Not all potential buyers appreciate marble counters or stone floors, and they might balk at wiring the space for a television over the bathtub.
It’s important to remember that a good return on your renovation dollars will depend on how well the project aligns with current market trends. If your ideas are too trendy, you could risk having them look dated within a few years. Stick to classic colors and popular tile and stone options to ensure your bathroom will appeal to most people.
Choose Your Materials Wisely
A renovation is an exciting time, but it can also be a source of stress. It’s easy to get carried away with ideas and plans for your new bathroom. Still, without a careful process that considers the practicalities of your project, it can lead to a dreary and unusable space.
It’s important to choose quality finishes for your new bathroom so that they last a long time and require minimal maintenance. This includes everything from toilets, bathtubs, and showers to cabinets, sinks, and floor tiles. It’s also a good idea to include a contingency budget of 10 to 15 percent, as contractors can’t sniff out every possible issue that may crop up during your remodel. This money can be put towards any issues that surface later on in your project, such as the discovery of a corroded pipe or hidden mold underneath the flooring. These costs can add up quickly and take the wind out of your remodeling sails.
Don’t Forget About Storage
One of the best things you can do to add value to your home is to provide plenty of storage space. This is particularly important in the bathroom, where buyers expect to find space for towels, toiletries, and other necessities.
For example, add extra drawers under the sink or install a cabinet in the wall that can hold items like cleaning supplies or spare toilet paper. You can also install narrow shelves above the toilet for storing linens or decorative items. Another great option is to add hanging baskets on the wall that can be used to store items like towels or washcloths.
Of course, not all upgrades will increase your home’s resale value equally. If you want to improve your chances of a better ROI on your renovation, be sure to focus on cosmetic upgrades rather than luxuries that are unlikely to appeal to future buyers.
Don’t Overdo It
A bathroom renovation can quickly become expensive if you stay moderate with your upgrades. Remember that some upgrades have a higher return on investment than others, so it’s essential to prioritize your spending to ensure you get the most value for your money.
For example, moving plumbing locations is a huge expense that may not pay off for you in the long run. It’s best to leave things like toilet and tap locations where they are unless the bathroom layout needs to be completely revamped.
Similarly, don’t overdo it with your decor or style choices. Stick with a single, timeless look that will appeal to most buyers rather than mixing in various design trends from different decades. This will help your new bathroom maintain a cohesive aesthetic and avoid feeling dated.
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