ROI on Bathroom Remodeling – What Can You Do for Better Value?
When you buy a house, you rarely think about selling it at first. That being said, very few people remain in the first home that they buy because they decide to upgrade in the end. For you to sell your home, you need to make some modifications to increase its value. This article will contain some tips for you to get the best ROI on bathroom remodeling.
Average ROI for Bathroom Remodels
The ROI you get from a bathroom remodel will often depend on the modifications that you make, along with their appeal to the general buyers. The average person spends about $21,000-$28,000 on bathroom remodeling, making high-end modifications. On average, the return for a fully remodeled bathroom is around 64% to 72%. The more you make it to the average buyer’s needs, the higher the returns are likely to be.
“Bathrooms are a ‘money room’ in a house. An unrenovated bathroom can absolutely be a deal-breaker for buyers. Today’s buyers don’t want to deal with the expense or the hassle of designing, ordering materials, and constructing a new bathroom. HGTV and Instagram have conditioned them to expect picture-perfect homes,” says Fiona Dogan of Julia B. Fee Sotheby International Realty.
Top Remodels to Improve ROI
ROI improves when you make the appropriate modifications to your bathroom. Here are some changes that have proven to be effective over the past years.
- Add a Spa Shower
Lately, more and more people are looking for primary bathrooms with a large shower instead of a bath. People are busy, and they rarely have the time to soak in the bath. Most prefer to soak in the shower, and they want to make the most out of those 10 minutes. This is why they will be more likely to buy if you have a high-tech shower with more than one showerhead.
“If a family has younger children or a pet, they still want to keep one tub in the house somewhere, but otherwise we are seeing the majority of tubs being switched out,” says Antony Wilder Design/Build interior designer, Shannon Kadwell.
- Go for Soothing Colors
People want their bathrooms to feel like a spa that they can retreat to. White is still quite popular, as it suggests cleanliness – but at the same time, it looks stark. Nowadays, homeowners prefer shades they would likely find at the spa, such as pale blue or gray. You may want to add some soothing colors to your bathroom and give it more personality – an action that will make your home more desirable.
- Don’t Change the Bathroom Layout
If you have an issue with the budget, completely changing the layout of the bathroom may not work to your advantage. Unless absolutely necessary, go for renovations that don’t have you relocating waste lines, electrical wires, and plumbing lines. Try keeping your current configuration, simply replacing the objects in the bathroom while not making any layout changes. This will end up saving money while improving the curb appeal of your home.
- Focus on Good Lighting
Often, the bathroom is the only room where we get to check ourselves in the mirror. Obviously, you need to see yourself properly – and for that, you require good lighting. For this reason, more and more people are inching away from linear sconces placed over the mirror and are going for side sconces instead. Compared to standard overhead lighting, they offer better lighting.
“When you’re shaving or putting on makeup, you want the light to be coming from both sides because it illuminates your face better and eliminates the shadows from overhead lighting,” says Modern Roots Design Build partner, John Martinek.
- Add Vanities that Have Storage
We have entered a time when people want to avoid that cluttered look in the bathroom. Floating vanities and those with no storage are popular among some types of people, as they give the impression of space. However, most individuals want a vanity where they can hide away things such as cleaning products or extra toilet paper. When they see that the bathroom has a vanity, they will be more likely to buy it.