Bathroom remodeling should not be viewed as a costly endeavor that merely provides a comfortable and beautiful-looking section of the home to perform personal hygiene tasks. Rather, it should be viewed as a true investment. Sure, a bathroom remodeling project costs a good amount of money.
Yet it also makes the home that much more valuable. Do not lose sight of the fact that your new bathroom will provide a significant return on investment (ROI) when the time comes to sell your home.
The cost of your bathroom remodel hinges on a variety of factors. If you are looking for the highest-quality materials, heated flooring and proprietary products, you’ll pay a pretty penny for this project.
Everything from medicine cabinets to counter tops, paint, storage spaces, shower seating, floating vanities, the number of sinks and light fixtures all play a part in determining the project’s total cost. Other critically important variables that play a big part in the final price tag include the size of the bathroom and the proposed layout’s complexity.
If you are looking to save money, consider trimming costs with simulated tile slide-ins, low-cost sub-flooring, plain wall tiles and a “bare bones” approach to the project as a whole. In the end, a bathroom remodel will likely cost somewhere in the range of $10,000 to $35,000.
Our Bathroom Remodeling PRO's will evaluate your project and provide a full cost estimates.
Once you have figured out how much your bathroom remodel will cost, don’t crawl into the corner and assume the fetal position! You will receive a large chunk of this investment back through increased bathroom utility, improved comfort and a higher home selling price.
In general, the average bathroom remodel provides the homeowner with around a 60 percent return on investment.This means in the worst case scenario you’ll have to “eat” a mere 40 percent of your bathroom remodel’s total cost.
If you opt for an upscale bathroom remodeling, you might receive a return on investment around 90 percent or higher. If your property is located in a highly desirable part of town, return on investment can climb all the way to 135% or higher.
In some instances, homeowners receive nearly all of the money back as their bathroom remodel improves the home’s selling price by a considerable amount. Some even make money on their bathroom remodel investment.
If you are wondering how this is possible, consider the fact that prospective home buyers typically overvalue properties with stunning bathrooms.
It is certainly possible for a home-seeker to value your bathroom’s worth at more than what you actually paid for the remodeling project.
It is clear that bathroom remodeling projects generate a substantial return on investment. When compared to remodeling other sections of the home, remodeling the bathroom is especially financially lucrative.
Part of the reason for this phenomenon is that people spend a surprising amount of time in this portion of the home.
According to the director of the remodeling futures program at Harvard University’s Joint Center for Housing Studies, Kermit Baker, home-seekers place the most importance on bathrooms and kitchens.
It is clear that bathroom remodeling projects generate a substantial return on investment. When compared to remodeling other sections of the home, remodeling the bathroom is especially financially lucrative. Part of the reason for this phenomenon is that people spend a surprising amount of time in this portion of the home.
According to the director of the remodeling futures program at Harvard University’s Joint Center for Housing Studies, Kermit Baker, home-seekers place the most importance on bathrooms and kitchens.
The bottom line is that home buyers can tell if money has been spent on the bathroom(s). In the end, those who elect to remodel their home’s master bath,will make the property that much more marketable when the time comes to move on to a new location. Invest in your home’s bathroom and you’ll reap the rewards across posterity.
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Our Bathroom Remodeling PRO's will evaluate your project and provide a full cost estimates.
