Home Decor

Updating Your Home Increases the Value: Starting in the Bathroom and Gaining a Modern, Marketable Look

Updating Your Home Increases the Value: Starting in the Bathroom and Gaining a Modern, Marketable LookWhether you recently bought a new home or are looking to sell your house, increasing the value of your home is simpler than you might think. A sure-fire investment that often returns more than 100 percent of the cost of the remodel is a bathroom renovation. Bathrooms are an essential area of any house, but are often overlooked when it comes to improvements. One of the easiest ways to increase the value of your home is by adding a new bathroom or updating the space. 

What to Consider When Updating an Existing Bathroom

The average cost of updating an existing bathroom can vary widely, depending on how old the home is and how much electrical or plumbing work is needed. On average, a basic bathroom remodel will cost you anywhere between $5,915 and $13,946, according to homeadvisor.com. When determining what you need to do, it is essential that you make sure that there are no major or minor water leaks or areas that have been damaged and that everything works correctly.

After you’ve addressed any issues with the structural, plumbing, or electrical systems in the bathroom, you can begin deciding what cosmetic upgrades you want to tackle. To help you determine the associated costs of the remodel and the budget you have to work with you will need to decide if you want to create a new layout, add more room, or simply update your existing design.

Adding a New Bathroom

 According to the professionals at HGTV, you shouldn’t spend your money remodeling a bathroom if it is the only one you have. You would be better off spending your money on adding a second bathroom to your house. Adding an additional bathroom is a fairly complicated project, that requires you to bring in a general contractor along with several specialists. While this can get a bit expensive, the investment in an additional bathroom will raise the price of your house and help you to sell it down the road.

 To determine if adding another bath to your home is feasible, you will need to decide the kind of bathroom you want to add. According to HGTV, the average buyer wants a home to have a master bath, family bath, and half bath. To help you determine what kind of bathroom you should add to your house, you can hire an appraiser to give you an estimate on the increase in value the addition will bring to the selling price of your home.

Biggest Returns on Investment

When it comes to renovating your bathroom, there are several things that you can do to add the most significant return on investment. New tile, updated cabinets and fixtures and adding more natural light will appeal to most buyers. Other factors to consider are updating the usability and adding a touch of luxury to help increase the value of your home. Standalone tubs for any bathroom is a great way to modernize your bathroom and add a bit of luxury. Other things to consider:

  • Installing heated floors
  • Installing a shower seat
  • Adding a double sink
  • Adding storage

Whether you decide to renovate your current bathroom or add an additional bathroom to your home, the increase in your home’s value is only one factor you will need to consider. When it comes to a new or upgraded bathroom, the most important thing to think about is whether or not it will enhance your life and help you sell your home when it is time.

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