Will a bathroom remodel add value to my house?
The answer to that question is, "probably," depending on what kind of house and what kind of remodeling is done. But a better question is, "Will a bathroom remodel pay for itself if I sell my house?" That answer is "probably not," again depending on what kind of house and what kind of remodeling is done.
Real estate agents who belong to the National Association of Realtors have a handy tool they can use called the REALTORS® Property Resource® (RPR) which provides them with data on more than 166 million parcels of property in the United States.
One function of the RPR database is a calculator which figures how much value will be added to a house by remodeling any part of it. REALTORS® simply enter the address of the property, plug in the dollars budgeted for the remodel, the type of remodeling project (minor, moderate or major) and the date it was (or will be) completed. The calculator will give an estimate of how much value the project will bring to a property, and shows whether the added value covers the cost.
Even if a remodeling project won't bring in more dollars than it cost, it will very often make the house sell faster.
That being said, there are some bathroom projects which aren't that expensive and can really spruce up an outdated bathroom. Here are four we often recommend to our sellers:
1. Tile Work
Tile work can be very expensive. When you take into consideration the cost of a contractor to lay out the tile throughout the bathroom, their labor alone can be high. Consider limiting the amount of tile in your bathroom by focusing on high-impact areas such as the floor.
Another way to limit the expense on tile work is to use a less expensive tile design. The flashier the tile, the more expensive. Consider only using the more expensive tile as accent pieces alongside the other ones. You’ll be able to save some money and still use a few of the flashier ones.
2. Counter Tops
Trending bathroom designs usually include granite or marble counter tops. Since the size of most bathroom counter tops tends to be smaller in comparison to the size used in kitchens, the cost seems small already. To save even more, consider looking at various color choices or slabs with slight imperfections.
Granite pieces that are neutral in color are more popular, which means they are also going to be more expensive. Consider alternative colors that would still look nice, but that previously you did not think about.
3. A Fresh Coat
A great way to give your bathroom a new look without spending a lot of money is giving a fresh coat of paint, re-caulking the lines around the tub and sink, and cleaning the grout between your tiles. You’ll be surprised how these three things will spruce up your bathroom and keep money in your pocket.
4. Fixture Updates
Consider updating the bathroom’s light fixtures, racks, and drawer hardware. While these changes may seem small or insignificant, they can make a huge difference to the look and feel of your bathroom. Keep in mind that you don’t have to buy the top-of-the-line fixture designs; in fact, there are several companies that make designs similar to more expensive brands for a fraction of the cost.
Reviving the look and feel of your bathroom doesn’t have to be a total overhaul. By making our suggested changes, you can refresh the look and use the money you’ve saved towards your next remodel project. Be as creative as you’d like and have fun with it!