The Impact of Bathroom Remodeling on Your Home's Value
The bathroom space has evolved in recent years. What once was mainly thought of as hygiene-centric, is now much more: a place for relaxation, self-care, well-being, quiet, and calm. It is no surprise then that the bathroom(s) in one’s house can enhance the value and appeal to potential buyers. Below are some items to consider when remodeling the bathroom:
Return on Investment (ROI) for Bathroom Remodels
According to the Remodeling 2024 Cost vs. Value Report, a mid-range bathroom remodel costs about $25,251 and can recoup approximately 73.7% of the investment upon resale. Upscale remodels, averaging $78,840, tend to recoup around 56.2% of their costs.
Key Items Influencing Value Addition
- Increased Buyer Demand: Fresh updates to your bathroom(s), from new fixtures to a new shower surrounds and/or vanity, can make your home stand apart from a competitive market. Move-in ready / freshly updated homes often make buyers willing to pay more.
- Quality of Materials: Utilizing durable materials like ceramic tiles or natural stone ensures longevity and maintains aesthetic appeal, which can positively impact home value.
- Modern Features: Incorporating contemporary amenities, such as energy-efficient fixtures or specialty toilets with bidet functions, can make the bathroom more attractive to buyers.
- Functional Improvements: Enhancing the bathroom's functionality, like adding a shower to a half bath to create a three-quarter bath, can increase your home's real estate value by an average of 5.7%.
Current Trends in Bathroom Remodeling
Recent trends indicate a growing interest in sustainable and accessible bathroom designs. Features like wet rooms, which are fully waterproofed spaces with level shower floors, and aging-in-place accommodations, such as grab bars, are becoming popular. These trends not only enhance functionality but also appeal to a broader range of buyers, potentially increasing home value.
Investing in a bathroom remodel can significantly impact your home's value, with potential returns ranging from 56% to 73% of the renovation costs. Focusing on quality materials, modern features, and functional improvements aligned with current trends can enhance both the appeal and value of your home.
Ready to move forward with your bathroom remodel? Find your nearest Bath Tune-Up location and schedule your free consultation today!