CAN A BATHROOM REMODEL INCREASE YOUR HOME'S VALUE?
It's a very common question about what upgrades would increase the price of your home before putting it on the market. There are quite a few things that can affect the price, and we will talk about one of them today, the bathroom remodelling.
When you are thinking of selling your home, a bathroom remodel may be one of the best places to increase your home's value. Depending on the existing condition as well as the style and age of your home, here are a few things to consider before starting with renovations!
When you are thinking of selling your home, a bathroom remodel may be one of the best places to increase your home's value. Depending on the existing condition as well as the style and age of your home, here are a few things to consider before starting with renovations!
Does The Bathroom Age The House?
If your answer to this is yes, then a bathroom remodelling can make a huge difference. Prospective buyers will look at this space as a liability, rather than a feature, this can decrease the value of your home. It may also scare away buyers who are looking for a home in "move-in" condition. Keep your remodel modern but timeless. The white toilet and tiles made of natural or neutral materials will keep the space fresh.
Do The Features Match The Price?
Be considerate of location and the value of the property itself, it's important to match the features of the bathroom to the rest of the home to get the most value out of a remodel. Luxury homes benefit from the bells and whistles of a master suite with a whirlpool tub, but you, most likely, will not get your money back for this kind of remodel in a smaller home that attracts first-time buyers or those looking to down-size.
If your answer to this is yes, then a bathroom remodelling can make a huge difference. Prospective buyers will look at this space as a liability, rather than a feature, this can decrease the value of your home. It may also scare away buyers who are looking for a home in "move-in" condition. Keep your remodel modern but timeless. The white toilet and tiles made of natural or neutral materials will keep the space fresh.
Do The Features Match The Price?
Be considerate of location and the value of the property itself, it's important to match the features of the bathroom to the rest of the home to get the most value out of a remodel. Luxury homes benefit from the bells and whistles of a master suite with a whirlpool tub, but you, most likely, will not get your money back for this kind of remodel in a smaller home that attracts first-time buyers or those looking to down-size.
Yard & Garden for New Homeowners
Does The Design Match The Home?
The mix of styles could cost you in the long term. While you can get creative in designing a new space, keeping the style of the bathroom the same as the overall style of the house will make potential buyers more likely to appreciate the investment you have put into the property.
So if you are considering to remodel a bathroom or any other room in your home, do what works for you and your family, but remember that you may not get back the investment from installing that chromotherapy bathtub. Again, if it is what you want, go for it!
The mix of styles could cost you in the long term. While you can get creative in designing a new space, keeping the style of the bathroom the same as the overall style of the house will make potential buyers more likely to appreciate the investment you have put into the property.
So if you are considering to remodel a bathroom or any other room in your home, do what works for you and your family, but remember that you may not get back the investment from installing that chromotherapy bathtub. Again, if it is what you want, go for it!
JANUARY 9 / 2021
If you are curious to know what the other upgrades are that can increase the price of your home feel free to contact me.
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