Thinking of renovating a bathroom? Maybe you should!
Whether you are looking to add a fresh coat of paint and new fixtures or want to completely renovate your space, you don’t have to break the bank to get results that bring value to your property. A simple, mid-range bathroom remodel can have an average return on investment (ROI) of up to 64.8 percent!
Here are some things to keep in mind when looking at bathroom remodeling:
Be real about your budget.
Think realistically about both the goal you have in mind and whether or not you will need to hire assistance to complete your project. If you are painting and replacing some fixtures, you may be able to do the work yourself. If your project will need difficult electrical work or plumbing, consider hiring a professional. It will add to your bottom line, but it could end up saving you money and frustration in the long run. Either way, be sure to build a financial cushion into your budget to cover any overages or unexpected costs.
Decide on your design goal.
Regardless of your goal, you can use your budget wisely by considering how your final space will be used. Are you remodeling your children’s bathroom? Seek out durable materials over luxurious ones. If you are working on a guest bath, you can save on your bottom line by skipping on adding storage.
Thinking about who will be in the space most is beneficial because it lets you also consider ways you can get more for your money. Keeping the room’s footprint the same saves the major cost of moving water pipes and drains. Using low-cost options that look like luxury materials, like vinyl tile or plank allow you room in your budget to splurge on some high-end finishes in the space. Also, consider refinishing instead of outright replacing parts of your bathroom. For example, you can re-glaze your tub for a like-new look.
Whether you’re looking to sell your home, increase your property value, or just enjoy your space more – a little upgrade to your bathrooms can go a long way.
Want more information about home pricing, loans or property values, don’t hesitate to give us a call and we’ll be happy to answer any of your questions.
