There are a variety of reasons to upgrade your bathroom, but before we embark on a bathroom renovation we all are want to be sure that you can get the best return on investment, or ROI, possible when you do go to sell your house one day. Our friends at DFW Improved have put together great information about how to approach you bathroom renovation.
If you play your cards right, then you can get a fairly high percentage ROI when you go to sell your house. Most people see an average of sixty to seventy percent ROI for bathroom renovations. Keep the following items in mind as you’re planning your renovation to get the most money back for your project.
Extent of Renovation
The first factor that will affect your project’s ROI is the extent of your renovations. Did you just give it a facelift? Or has the room been completely changed? A facelift can actually work wonders for your ROI. The vanity, countertops, and tile are going to be the first things people see when they come to look at your house. Because of this, they’re also the main items that buyers will offer more money for.
This is also why tile is listed as the item that will get you the highest ROI for a bathroom renovation. However, keep in mind that it’s often also one of the most expensive items to complete. Ask yourself exactly how much ROI you’re hoping to get back before starting your project.
On the other hand, unless your current sink is cracked, chipped, or just ugly to look at you’re probably not going to see a huge return for replacing just the sink. Remember that every renovation you make should make the room more comfortable and pleasing to look at. These two items are the biggest things that are going to help you get the highest ROI possible when you go to sell your home.
Updated Features
The next thing you want to think about is the modern features that you want your bathroom to have. You might consider switching your toilet out for a more water-efficient choice for example. A small built-in shelving unit for linens can also be a bonus to many buyers. Another big-ticket item for many buyers is heated floors in the bathroom. There aren’t many who appreciate their feet getting cold from the bathroom tiles in the wintertime.
These are just some of the features that you might want to consider when planning a bathroom renovation. This doesn’t mean you have to dress your bathroom up to nines to get a good ROI afterward but take into consideration things buyers are really wanting for their new home. That’s how you guarantee yourself the best ROI for your renovation.
Again, each renovation you decide to make should make your bathroom more comfortable and pleasing to look at. It should also get people excited about using that room. Do your research on what features are most popular if you’re planning to sell your home shortly after the renovation is done.
Accessibility
Finally, you might want to consider the different types of people who might one day live in your home. Bathroom accessibility is one of the larger challenges disabled people face when buying a house. For people who use wheelchairs, it can be difficult to get in and out of a shower that has a large lip to prevent water from leaking. The elderly might also have some problems keeping their balance while stepping over these thresholds. Showers that have short lips or no such lip at all are becoming more popular today for this reason. Even if you don’t intend to sell your home any time soon, this is an important factor to consider when renovating a bathroom.
Every person will one day have to deal with the challenges that come with old age. Some will have trouble moving as well. And even young people can end up needing a wheelchair due to accidents. The truth is that at some point in their lives almost everyone will need bathrooms that are easier to move around in. It might be a good idea for you to consider this during your renovation.
