Your bathroom may not the centerpiece of your home, but that’s no reason to pay it any less mind, especially from a resale perspective. Real estate studies show that bathrooms are often make-or-break factors for those looking to purchase a home, so if you plan to put your house on the market, making sure your bathroom is attractive will help your home appeal to more potential buyers. Now, that doesn’t necessarily mean you need to do a complete overhaul and replace every last piece of tile from floor to ceiling; if done properly, even a medium-scale bathroom remodel can add significant resale value to your home.
According to Remodeling Magazine, the average bathroom remodel costs about $18,000 and yields a return of about 66%. In other words, you could feasibly add about $12,000 worth of resale value to your home with such a remodel. Granted, these numbers are averages, so your initial out-of-pocket investment and resulting return-on-investment (ROI) may vary depending on what kind of work you have done, what type of materials you choose, etc. However, these numbers can give you a rough idea of what a home improvement project of this magnitude might entail from a cost vs. recoup standpoint.
There’s also a kind of “quality-of-life” value that comes with a bathroom remodel that may be less tangible than resale value, but is still very important. Many homeowners — some who were even considering moving — say that they enjoy their current homes much more after having remodeled their bathrooms. This isn’t at all surprising when you consider that your bathroom is a room you’ll be using every day, often multiple times a day, as opposed to a beautifully finished basement which might be every bit as luxurious, but that you only get to enjoy on the weekends.
Contact Bath Experts to Learn More
If you’d like to learn more about how a bathroom remodel can increase the value of your home — both financially and in terms of quality of life — contact the team at Bath Experts. Based in Indianapolis and serving homeowners in all surrounding areas, we can complete a wide range of bathroom remodeling services such as bathtub and shower replacements, tub-to-shower conversions, and walk-in tub installation. We also offer easy financing options to help make your bathroom remodel as affordable as possible. Get started today!