Bathroom renovations are typically expensive. Even relatively minor upgrades can cost tens of thousands of dollars. If you plan to sell your house in the future, you want to recoup a substantial percentage of the money you invested in bathroom remodeling. Fortunately, you dont need to completely gut your bathroom and spend a fortune to increase your homes value and appeal to prospective buyers.
Bathroom Upgrades With the Highest Return on Investment
Homebuyers focus on the appearance and functionality of bathrooms. Simple repairs, such as replacing the caulk around the tub, installing a new toilet and replacing fixtures, can significantly improve the appearance of your bathroom at a relatively low cost. Replacing your sink, toilet or shower with a more energy-efficient model will appeal to potential buyers, since they would use less water and save money each month.
A dated bathroom may cause prospective buyers to pass on your house, even if its filled with other appealing features. To attract buyers, replace and upgrade dated fixtures, but avoid ornate ones and just keep things neat and functional. Make sure new fixtures complement the other components and colors of the bathroom.
If the vanity in your bathroom is worn out, stained or dated, replacing it with a new one with an attractive sink, faucet and countertop, as well as plenty of storage space, can improve the overall appearance of the bathroom and make it more functional, both of which will make it more desirable to buyers. Marble and granite countertops can be worth the relatively high price tag since they tend to appeal to home shoppers.
Flooring thats worn out from years of daily use can detract from the overall appearance of a bathroom. Tile and vinyl flooring materials can mimic the appearance of stone or wood. You shouldnt choose the cheapest materials, since they may be of poor quality, but you dont need to spend a boatload of money to install the most expensive flooring either.
Although most people shower daily, many like the option of relaxing in a tub. If your bathroom has space for a tub, installing one, if it doesnt already have one, may help you attract a buyer in the future. A whirlpool tub wouldnt help you much when you sold your house, however, since it would require a lot of maintenance and most homeowners would only use it occasionally.
Spend Your Money Wisely
Before you remodel your bathroom, think about which fixes would do the most to improve its appearance and functionality and increase your homes value. Splurging on high-end materials wouldnt give you a significant return on investment at sale time. If you have a limited budget for bathroom renovations, some simple, relatively inexpensive upgrades may pay off a lot more in the long run than a costly remodeling project.
Published with permission from RISMedia.