🛁Did you know that a bathroom remodel can benefit your home’s value more than most other remodeling projects? It's true. If you're considering remodeling a bathroom in your home, there are some important things to consider. Making the right upgrades in your bathroom renovation can improve your return on investment (ROI).
Whether you've recently purchased a home that needs some updating, have been dreaming about a bathroom renovation for years, or want to get your house ready to put on the market, a bathroom renovation might be a wise investment.
If you're getting ready to list your house, a wisely updated bathroom won't scare away potential buyers like a super outdated bathroom might.
If, on the other hand, you're staying and updating your forever home, a bathroom renovation is a great investment for your hard-earned money! Bathroom remodeling has a very high Return on Investment (ROI)- in fact, according to this article, the average national ROI for a bathroom remodel is 72.7%!
What exactly does a 72.7% return on investment mean for me?
"That means that for every dollar you spend improving some part of your bathroom, you’ll see a $1.72 increase in the value of your home" (source).
You'll still need to be wise about your design choices, and what elements of the bathroom you choose to upgrade. Are there repairs that need to be done? Remember not to focus only on the aesthetics and skip needed repairs.
SELLING YOUR HOME SOON?
If you're listing your home soon, it's a good idea to talk to your realtor before finalizing any of your bathroom renovation plans. They know the current market in your area, what buyers are looking for, and what design choices may scare potential buyers away! They can be a wealth of knowledge for you. If you need help finding a realtor in the Knoxville, TN area, this website might provide some help.
When you sit down to really start planning out your renovation budget and what you can afford to upgrade, keep in mind that where you choose to use your budget matters. Spending thousands of dollars on a fancy, imported tile for the shower, for example, isn't going to have the same ROI as other smart upgrades. We've created a list of the 4 upgrades that we recommend for a bathroom renovation because they have a high ROI. When you sit down with your budget, start with these upgrades first, then see what else fits in your budget.
You'll get a great return on investment when you replace that old, outdated flooring tile in your bathroom. Replacing the flooring can also bring a big visual impact to your renovation and make the space look more up-to-date. Sometimes homeowners are tempted to just repair old tiles if the flooring isn't too dated, this article includes some helpful things to consider if you're pondering that route.
Look at the visual impact of this flooring in this bathroom renovation Homeworkx completed in Knoxville, TN. The bathroom on the left starts with dated white square floor tiles from the 80s/early 90s, but is beautifully upgraded with a modern marble rectangular tile flooring.
If you have a solid, well-built vanity base in your bathroom, you could consider having it professionally painted and putting your money into a beautiful new countertop and faucet. If, on the other hand, your current vanity isn't worth saving, then getting a brand-new vanity will be the right move for you and will pay off in the long run! A whole new vanity can make a massive difference to the overall design of your bathroom.
Look at these before and after vanity results of some bathroom renovations Homeworkx has completed. You may also notice the flooring upgrade in Bathroom 1 is a huge improvement and elevates the style of the space overall.
In bathroom 2, the vanity cabinets were replaced with drawers under the sink area, which the homeowners prefer for their ease of use and ability to organize easily. They also added a center cabinet to hide all their bathroom essentials from view, for a clutter-free look on their countertops and sink area.
What is one of the first things your eyes notice in the "before" bathroom above? Was it the classic 90's vanity light strip eyesore above the mirror?
Lighting is such a central design element of any bathroom remodel. The two most important lighting fixtures in any bathroom are the vanity light and the shower/tub light. The shower/ tub light should be functional to light the space well so you have plenty of light in your shower, while your vanity light can be functional and add beauty and design to the space.
While you don't need to spend huge chunks of your budget on lighting, if you do upgrade your lighting, you know you'll have a good ROI. This article has some helpful tips about light placement and light bulb details to consider as well.
4) SHOWER & TUB
The fourth part of your bathroom to make sure to save some of your budget is the shower and tub area, which we use daily.
From glancing at the two tubs below, you can easily tell which one is dated! Those big jetted jacuzzi tubs were all the rage in decades past, weren't they? Most homeowners are now opting for a soaking tub, a timeless claw foot tub, or a more modern style jacuzzi tub that doesn't take up half the room for their remodeled bathrooms.
The shower is one of the most used parts of any bathroom, so you'll want to make it as functional as it is beautiful. When building a custom tile shower, you can add elements like a bench or small pedestal to make shaving easier, or a nook large enough to hold all of your shampoo and soaps. You get to decide if you want one, two, or more shower heads. The possibilities for customizing your shower space are almost endless, so think carefully about storage, ventilation, and usage when designing your shower.
Some homeowners are opting for a large walk-in shower in place of their old, jetted tubs they never used, but is this going to hurt resale value? According to realtor Dave Trujillo, “As long as you have another bathtub in the house, ripping out the old, jetted tub in the master should not hurt your resale value” (source).
If you enjoy a luxurious bath, then by all means, get a new tub, but if your bathroom is short on space and you have a large tub that you never use, and a small, cramped shower you use every day, it may be worth thinking about redistributing that space. Just make sure you have at least one bathtub somewhere in the house.
Whether you decide to keep a tub or not, you can rest easy knowing that the part of your budget that goes toward your new shower and/or tub will have a good return on your investment.
GETTING STARTED ON A BATHROOM RENOVATION