Bathroom renovation is a big investment, and one of the most important questions to ask yourself as a homeowner is whether the investment is worth it to you, and how much of your bathroom renovation cost you’ll recoup when the time comes to sell your home.
There’s no easy answer to this question, as a lot of this depends upon the age of your home and how recently your bathroom has previously been renovated, although the average value added to your home is 60-70% of the original bathroom remodeling cost. However, if you’re renovating with resale specifically in mind, it may be best to emphasize certain features, as buyers are likely to value some updates more than others. Here are some of the amenities that are most likely to add long-term value to your home.
Bathrooms are relatively small spaces, but are called upon for a host of purposes. It’s therefore practical to have ample and well-designed storage space. Upgrading cabinetry to increase storage space or make it more efficient will pay off long-term.
Upgrading your lighting is relatively inexpensive, but makes a big difference in your bathroom’s overall appearance. Overhead lighting tends to cast shadows so isn’t the most effective option for bathrooms, so install ample wall-mounted lighting, especially around mirrors. This is both practical and makes your bathroom appear roomier.
Energy-Efficient Water Supply
An updated hot water heater will make sure that you have ample water for your new shower and tub, and is also an amenity that buyers will value. Consider a tankless hot water heater, which is more energy efficient and will also supply as much hot water as is needed, on-demand.
Whether you opt for a whirlpool tub or a simple soaking tub, a tub deep enough for a good bubble bath is a major amenity that will catch the eye of potential buyers. Who doesn’t love a good hot bath after a long day? If you have a small water heater tank you might run into shortage of hot water for your bath. In this case you might consider a tankless water heater by Consumers Comfort Inc. They specialize in all types of water heaters.
Neutral Design Scheme
Even if chartreuse is your favorite color and seeing it on your walls would make your day, it’s unlikely that you’ll encounter a buyer who feels the same way. If you’re looking to sell in the near future, try to pick more neutral colors that will appeal to a wide variety of tastes.
If you’re currently remodeling your bathroom or are on the market for a new home, we’d love to hear your own input. What bathroom renovation ideas are most important to you as investments? Leave us your thoughts in the comment section.