If you’re looking to sell your home in the near future, you may be wondering how adding a bathroom, enlarging an existing bathroom, or remodeling a bathroom could affect resale value.
According to Opendoor, adding a complete bathroom, on average, raises the typical property value by 5.7 percent, or about $17,638.
This increase in value is based on national averages and will vary from house to house and city to city. It will also depend on which bathroom is being remodeled, added, or removed.
In this guide, we’ll take a look at how bathroom renovations impact home value, the factors associated with that increased value, and which remodeling techniques and ideas will give you the most bang for your buck.
Why Do Buyers Like Renovated Bathrooms?
Homebuyers love remodeled bathrooms. That’s because the bathroom is one of the most-used rooms in any home.
It’s an important selling point, so if you’re thinking about putting your home on the market soon, this might be a room you want to consider remodeling before listing your house for sale.
4 Bathroom Remodeling Ideas That Will Increase Home Value
The bathroom is an important selling point for potential homebuyers, but how do you know which bathroom remodeling trends and ideas will offer a great return on investment?
Most bathroom remodeling projects will increase your home’s value, but not all renovations are created equal. Here are four bathroom remodeling ideas that will give you a good chance of making back your investment and more:
Bathroom Remodel ROI Idea: Replace old fixtures with modern, sleek designs
Modern bathroom sinks and faucets are more efficient than their older counterparts. They use less water, they’re easier to clean, and they look great on any flooring or wall color.
Also, consider fixtures made from materials like stainless steel and chrome. These finishes and styles offer a timeless look that will never go out of style.
Bathroom Remodel ROI Idea: Add a glass shower to create an open space that is more inviting
If your bathroom’s layout allows for it, adding a glass shower enclosure with tile walls will make an attractive selling point for your home.
A frameless, rectangular enclosure will create the illusion of more space.
Bathroom Remodel ROI Idea: Install new floors and backsplash for a fresh look
If your bathroom flooring is starting to show signs of wear, it might be time for an upgrade. Just replacing your bathroom tile can give the illusion that your whole home has been remodeled – without the price tag of other upgrades.
There are many types of tiles available in today’s marketplace, but ceramic or porcelain tile is a popular bathroom remodeling choice due to its durability and wide range of color options.
Bathroom Remodel ROI Idea: Update the toilet to make it easier to clean and more appealing for buyers
Today’s toilets are designed to be easier to clean and maintain. In addition, certain features like a duel-flush or round bowl can make your bathroom look more modern and inviting.
The average cost of doing a bathroom remodel
In order to make your remodel worth it, you want to make sure you make back that investment upon selling your home. So, how much should you expect to pay for your bathroom remodeling project in order to break even?
Well… it depends! The size of your bathroom, along with the current condition and materials used in your bathroom’s renovation will affect the final price.
We actually put together a guide on the costs of bathroom renovations, along with a price estimator tool that you can use to figure out how much a bathroom remodel will cost for your space.
How to keep costs low during your bathroom remodel while still increasing value
If you’re thinking about making improvements to your bathroom, there are some steps you can take that will keep costs down and increase the value of your home at the same time. These include:
Replace the fixtures only
If your bathtub is still in good condition, just install new bathroom faucets and sinks. This will save you money that could be put into other major updates.
Focus on renovating what’s there over changing the layout
A bathroom remodel doesn’t always involve tearing down walls. Modernizing your bathroom’s interior design, even if it’s not a complete overhaul, can help you increase home value without breaking the bank.
Install new bathroom wallpaper
If your bathroom walls are in good condition, just changing out your bathroom wallpaper is an easy way to increase home value while saving money.
Avoid using trendy materials that will date quickly
Although granite countertops may be all the rage right now, there are plenty of other less expensive choices for your bathroom remodel project that won’t make it look dated when it’s time to sell.
Go with neutral colors and finishes
Neutral colors like white or gray create an inherently clean appearance; instead of looking dated, these colors appear timeless and classic. Avoid trying too hard with wild color schemes or funky tile patterns as they can quickly become dated.
So, How Much Value Does a Bathroom Remodel Add?
Remember that the return on investment you’ll see from a bathroom remodel depends largely on how long you plan on staying in your home.
If you’re planning on staying in your home for a few years, then it’s probably worth the initial investment. However, if you are intending to sell soon after completing your bathroom remodel, then you might consider doing less expensive updates that still increase value without breaking the bank.
Of course, if your bathroom is in complete disrepair and you can’t stand looking at it anymore, then it may be time to just gut the whole thing and start from scratch. There’s no sense in saving pennies if you’re going to have to pay more later… right?
Jace Darling, Owner, American Home Remodeling