Do Bathroom Renovations Increase the Value of a Home?
Interested in trying to increase the value of your home? There are so many different ways that you can do it.
You can, for example, renovate your kitchen and get a great return on investment. You can also replace your roof or hang new siding on the exterior of your home to make it worth more. You can even get a lot of value out of putting a new heating and cooling system into place.
But one of the most effective ways to give your home’s value a boost is by tackling a bathroom renovation. By taking an old bathroom and making it new again, you can send the value of your home skyrocketing. You can also make it more attractive to buyers if you’re planning on selling it anytime soon.
Whether you choose to do a small bathroom remodel or a complete master bath remodel, you’ll see a solid return on investment as long as you take the right steps. Here is how to remodel a bathroom so that it increases your home’s value in an instant.
Figuring Out the Scope of Your Bathroom Renovation
Before you begin ripping out plumbing fixtures and tearing down walls during a bathroom renovation project, it’s a good idea to figure out how big of a project it’s going to be. This is going to determine how much value you’re able to add to your home when you’re all done.
Are you going to perform a small bathroom remodel on a powder room located on your main floor? Or are you going to gut the bathroom in your master bedroom on the second floor and do a total master bath remodel?
Both of these are technically bathroom renovation jobs. But the second one is going to yield a much better return when everything is all said and done.
If your ultimate goal is to increase your home’s value, you might be better off committing to a larger renovation project as opposed to one that’s smaller and less involved. It’s going to give you a better chance to see your home’s value go up in the end.
Coming Up With a Bathroom Renovation Budget
Your goal when you take on a bathroom renovation project—outside of making a bathroom more aesthetically pleasing and more functional—should be to increase your home’s value. But you don’t want to offset the bump that you see in your home’s value by overspending on the renovation itself.
To avoid spending too much for your bathroom renovation, come up with a budget for your project from the start. It should be based on both your personal finances and the value that you want to get out of your bathroom.
On average, Australians are spending upwards of $17,000 on bathroom renovations these days, because a renovated bathroom can add value to a property
But the total price could be a whole lot higher than that if you’re not careful about how you’re spending your money while renovating your existing bathroom.
Come up with a number that you feel comfortable with after figuring out the scope of your renovation project and deciding how much you want to see your home’s value go up when you’re all finished.
Hiring the Right Bathroom Renovation Company
Once you’ve crunched the numbers and created a budget for your bathroom renovation project, the next order of business will be choosing a renovation company to lend a hand. You might be able to save a few bucks on your project by performing a renovation yourself, but it’ll often come at a cost when it comes to your home’s value when you’re done.
To get the maximum return on investment when renovating a bathroom, bring a bathroom renovation company on board that is highly skilled and experienced. They should have a reputation for providing high-quality services like:
- Custom bathroom design
- Plumbing and carpentry work
- Wall and floor tiling
- Shower, toilet, and bath fittings
- Custom joinery and cabinets
- And more
At the same time, they should also fit well within your budget. The last thing you want to do is hire a bathroom renovation company that’s going to charge you an arm and a leg and cut into the value that they help add to your home.
Selecting the Best Layout for Your New Bathroom
A moment ago, we mentioned how important it is to hire a bathroom renovation company that specializes in custom bathroom design. It’s essential to work with this kind of company since the layout of your new bathroom space is going to play a huge part in how much value it adds to your home.
You and your renovation company should sit down and kick around ideas as far as what you want your new bathroom to look like when it’s finished. They should be able to provide you with some excellent design ideas that will help open up your bathroom and make it feel more spacious than it does now.
Your remodelled bathroom might be filled with nothing but high-end fixtures and finishes. But if it doesn’t have the right layout going for it, it might not increase your home’s value as much as you want it to.
Choosing the Right Bathroom Renovation Materials
After you and your bathroom remodelling company nail down the layout that you’re going to use for your newly renovated bathroom, it’ll be time for you to choose the materials that you want to be used during your renovation project. It’s very important to select materials that are going to set the right tone for your new bathroom space while allowing it to add value to your home.
Generally speaking, you should look past basic builder-grade materials and consider higher-end plumbing fixtures, countertops, flooring, and more. These types of materials will give your renovated bathroom a better overall appearance and ensure that it adds value to your home.
The company that assists you with your bathroom renovation should be able to show you a large selection of bathroom materials. Learn about which materials are trendy right now and choose the ones that are going to leave a lasting impression on those who see your new bathroom.
Keeping Your Bathroom Renovation on Schedule
If major bathroom renovation takes way longer to complete than you anticipated it would, it could start to take a toll on how much value it adds to your home. It’s why you and your bathroom renovation company need to agree to stick to a schedule from start to finish throughout the duration of your project.
Most companies should be prepared to complete a full bathroom remodel for you within about three weeks. If they’re going to take much longer than that, the labour costs associated with renovating your bathroom could begin to bite into the value that it’s going to add to your home.
Making Sure Your Bathroom Renovation Is Done Right
You want the company that handles your bathroom renovation to work as quickly as they can and finish up the space sooner rather than later. But you don’t want them to do it at the expense of the small details that are going to make your new bathroom special.
If a remodelling company cuts corners and doesn’t offer the craftsmanship you were expecting from them, it could impact how much value your bathroom is able to add to your home. In some cases, there is even a chance your home’s value could go down if a company drops the ball and does a bad job on your bathroom.
This is why it’s so important for you to hire the right company for the job. They should have an efficient system in place that allows them to get your bathroom done in a timely fashion without making any mistakes along the way.
Putting the Finishing Touches on Your New Bathroom
When a bathroom renovation company is all done working on your bathroom, it’ll be up to you to put the finishing touches on it to take it over the top.
That means doing things like hanging up the right hand towels in it and selecting the right soap dispensers. It also means putting the right artwork on display and, if necessary, choosing the right window treatments.
These things might not seem like a huge deal. But they could be the difference between someone walking into your bathroom and saying, “Wow! This looks great!”, and someone walking into it and wondering what you were thinking when you chose certain design elements.
Start Preparing for Your Bathroom Renovation
The key to successfully renovating a bathroom in your home and increasing the value of it in the process is planning ahead. By making the right plans and then putting them into motion, you can almost guarantee that you’ll get a great return on investment when performing a bathroom renovation.
We can help you with this by providing you with a free in-home consultation for your bathroom renovation. We can talk to you about what we can do to improve both your bathroom and your home’s value and let you know how much it’ll cost you.
Contact us today to learn more about how to increase your home’s value by doing a bathroom renovation.
Jarrod Adnum is the founder of Hunter Bathroom Renovations. He is proud to lead an experienced team and support staff that are experts in their field. All staff ensure you are getting the best solutions and service for your bathroom.