Remodeling your bathroom is a great way to add value to your home. The right upgrades will make it more attractive to potential buyers and can even lead to a higher appraised value when it comes time to sell.
Bathroom Remodeling Lexington KY renovations can include spa showers instead of tubs, ample storage solutions and eco-friendly water-saving fixtures. Read on for more reasons why you should consider upgrading your bathroom.
Modernized Design
A dated bathroom detracts from the overall home’s appeal, but a well-designed update breathes new life into the space. A modernized bathroom is a major selling point and will likely increase your home’s resale value. Potential buyers are drawn to updated fixtures and sleek tile designs, making a modernized bathroom one of the most worthwhile investments you can make in your property.
The scope and complexity of your remodel will influence costs, but expect to spend at least a few thousand dollars on a basic refresh. An upscale remodel with high-end materials and custom features may run you tens of thousands of dollars. To keep your budget in check, choose a flooring material like porcelain or vinyl plank that’s both durable and stylish, and opt for energy-efficient lighting. Layered lighting, including ambient fixtures, vanity lights and wall sconces, will brighten up the room while creating a warm and welcoming atmosphere.
If you’re planning on staying in your house for a while, consider upgrading to a wheelchair accessible bathroom. This specialized type of remodeling includes features such as a widened doorway, a walk-in shower that’s flush with the floor, a fold-down shower seat, an open base vanity and support bars throughout.
A bathroom remodel is a great opportunity to incorporate contemporary design trends that reflect your personal taste and style. Choosing neutral colors and a clean, sophisticated aesthetic will create an attractive space that signals to buyers that the home is well-maintained and move-in ready. Eco-friendly options like low-flow toilets, water-saving faucets and energy-efficient heating and cooling systems will also add value to your home. Smart storage solutions will also reduce clutter and project a sense of cleanliness and organization, all of which are highly appealing to prospective buyers during property viewings.
Increased Appraisal Value
One of the best things about a well-done bathroom remodel is that it can significantly boost your home’s appraisal value. This is particularly true if you’re considering selling your property in the future. A modern, well-lit bathroom is often a major selling point for many buyers and can help you sell your property quickly.
However, you shouldn’t expect to get 100% of your renovation costs back at resale. The exact ROI you receive will depend on your location and local real estate market, and will also depend on the type of remodel and upgrade you choose to make. For example, a mid-range bath remodel in the Pacific region yields an average of 91% return on investment, while a luxury bathroom upgrade is less likely to be as profitable.
If you’re looking for a remodel that will provide the highest return on investment, consider upgrading your toilet with a high-efficiency or eco-friendly model, and replacing your old flooring with a durable and stylish option like porcelain tile or luxury vinyl plank. You should also replace any dingy lighting fixtures with a more modern, layered lighting approach that incorporates ambient and task lights to create a warm, inviting space.
Finally, don’t forget to deep clean your bathroom and make any necessary repairs, like re-caulking or replacing any cracked tiles. A fresh coat of paint is always a good idea, and can help your bathroom look brand new.
Aesthetically Appealing Space
A well-designed bathroom is an inviting space that signals to buyers that the home has been maintained and updated. This can hasten the selling process by catching the eye of potential buyers.
Choosing a neutral color palette and incorporating modern fixtures, lighting and storage are key upgrades that can increase resale value. In addition, energy-efficient upgrades are a big draw for buyers looking to reduce their environmental impact.
Removing outdated flooring and replacing it with durable, low-cost tile or luxury vinyl plank can make a significant difference in the look of a bathroom. Repainting is another simple update that can transform the room and make it look fresh and clean.
Storage is also important, so consider installing a new cabinet or adding shelving above the toilet for extra storage of towels and linens. A few strategically placed decor items, like a piece of artwork or a green houseplant, can also help add visual interest and warmth to the space.
If you’re thinking of reworking the layout of your bathroom, be careful not to move too many plumbing or electrical components, which can be very expensive and lead to hidden problems behind the walls. In many cases, it’s better to leave your sink, shower and toilet in place if you can as this will minimize your costs and avoid costly surprises during the remodeling process.
Remodeling a bathroom is more involved than renovating, as it often involves changing the layout and introducing new fixtures or a tub/shower. Whether you opt for a full remodel or smaller updates like updating vanity, mirrors and flooring, it’s best to work with an experienced professional to ensure that the renovation is done correctly.
Increased Functionality
A well-planned bathroom remodel can increase your daily quality of life while adding to your home’s value. The increased value can make your home more attractive to potential buyers and may even open up opportunities for mortgage financing. However, you’ll want to carefully consider your budget and seek professional advice before committing to any remodel.
Choosing durable materials and fixtures can also help to add value to your bathroom renovations. Replace your tub with a spa shower or install a walk-in shower, opt for low-flow toilets and invest in a fan to keep mildew and mold from damaging the space.
Another way to improve your bathroom’s functionality is by upgrading storage options. Invest in new cabinetry and shelving that will allow you to organize and store items in a more efficient way. Having plenty of storage will be a huge selling point for future buyers.
In addition to these major upgrades, you can also add value to your bathroom by updating simple things like your toilet paper holder, faucets and light switches. Opt for a more modern design and upgrade the finishes to brushed nickel or oil-rubbed bronze.
Finally, don’t forget to consider the possibility of making your bathroom wheelchair accessible. This specialized type of remodeling can add significant value to your home and be one of the most cost-effective projects you can undertake.
If you’re ready to begin your bathroom renovation project, be sure to consult with a real estate agent to get an idea of how much value it may add to your property in your area. It’s also a good idea to talk to a mortgage professional to see how your loan will be affected by the renovation costs and discuss your options.
Eco-Friendly
Remodeling your bathroom to be eco-friendly is an excellent way to increase resale value while reducing your environmental impact. Choosing green products, upgrading to energy-efficient appliances and installing LED lighting are just a few of the changes you can make. These updates are often less costly than a full-scale renovation or a major structural change.
What’s more, buyers will recognize a well-executed eco friendly upgrade and may be willing to pay for it. This is especially true if you are in a high-demand market.
The best way to maximize your return on a remodel is to keep costs low. This means avoiding costly repairs and upgrades, as well as hiring professional contractors.
It’s also important to consider your budget before starting the project, as this will help you determine the scope of work and potential costs. Remodeling experts can guide you on the most cost-effective upgrades and help you avoid hidden expenses.
Despite popular belief, the size of a bathroom doesn’t have as much impact on costs as you might expect. Instead, most of your costs are associated with mobilization costs-the baseline costs of getting a crew on site and managing the project.
Remodels that involve relocating plumbing or electrical components are typically more expensive than surface level remodels. This is because relocating these fixtures will add labor hours and the risk of unforeseen costs.
To minimize your costs, you can update the style of your bathroom without changing its layout by selecting new fixtures and finishes that match current styles. This is known as a replacement remodel and it’s often cheaper than a complete redesign. It’s ideal for homeowners who want to refresh the appearance of their bathroom without the expense of a complete overhaul.