Almost every homeowner understands the need to invest in routine maintenance for their home. Some Bay Area homeowners also like to invest in a remodel from time to time for the purpose of increasing the value and making it look nice while they’re still living there. Clearly, a bathroom renovation is going to make it more attractive to potential buyers one day, but there is the question of whether the remodel will add any value at all and, if so, how much?
Not All Bathrooms Are Equal
You have to make some big decisions if you decide to go down the route of a remodel. There is more to the home value than the house or the materials and labor that were required when it was built. The neighborhood and community affect the value of your home as well, and if you don’t keep up with current design trends, your house could be the one that’s not on par with comparable properties – no pressure!
Some renovations could seem like a great idea but, really, the main idea is to improve the functionality of the home as well as the aesthetics. Bathroom remodels are an excellent idea for upping the value but if your approach is form over function, you may need a rethink.
Types Of Upgrades
While replacing the entire bathroom is an option, there are all sorts of smaller upgrades that you can make which will still make a big impact. For example, a fresh coat of paint can make a big difference to the way you feel about the space. New flooring is another improvement that can significantly transform the look of the bathroom with a completely new look and feel. Even a new vanity can make a big difference when choosing a fresh design, quality exterior and elegant counter top material.
New Bathrooms & Costs
A complete remodel can be a large investment, there’s no doubt about that, and in the Bay Area you can easily spend anywhere from $15,000 to $50,000+ on a full renovation with all the bells and whistles. A lot will depend on the quality of materials and fixtures you choose. Minor repairs and upgrades can be substantially less. But what about recouping the costs?
Although it will have a net positive effect, bathroom remodels don’t always return the entire investment, dollar for dollar, at the time of sale. On average, you’ll recoup about 65% of the cost depending on the region, but that’s no reason not to upgrade if you want to do it. For many home buyers the master bath is one of the biggest selling points, aside from the kitchen, that will motivate someone to make an offer. So, when a potential buyer falls in love with the remodel you’ve done, it could help your home sell quicker than it might otherwise.
Whether you choose a complete bathroom remodel or a partial remodel, you’ll enjoy the improvements not only at the time of sale but also while you’re still living with them!
