Many homeowners remodel their bathrooms to improve functionality. But what impacts does a bathroom remodel have on resale value?
Plumbing issues are the most common reason for homeowners to remodel their bathrooms. Keeping these problems checked can cause costly repairs at selling time or could be an issue in the buyer’s inspection report.
Increased Home Value
A remodeled bathroom is a great way to increase your home value.
A bathroom remodel is also an excellent way to make your home more energy efficient. For example, installing a newer model will save you money on water and energy bills if your shower or bathtub needs to be updated and more efficient.
The right contractor can help you develop your ideas and plan a bathroom design within your budget and timeline. They’re skilled communicators, planners, and problem solvers who work closely with you to bring your vision to life. They’ll avoid surprises and pitfalls like hidden costs, change orders, and delays. Check https://bathroomsbyrupp.com/ to learn more.
The bathroom is a personal space, and many people are uncomfortable sharing theirs with someone else. A remodel allows you to have a room dedicated just to yourself.
Incorporating this into your daily routine can significantly improve its quality. You can spend as long as you want soaking in the tub or enjoying your shower without worrying about someone banging on the door.
A professional bathroom remodeling company will take the time to inspect all nooks and crannies, including behind the walls and underneath the floor. They can find things that have gone unnoticed for years, such as rusted pipes, wood rot, or mold. This allows you to fix these problems before they become serious. They can also install new toilets and showerheads that are water-efficient, which saves you money on your utility bills.
Increased Resale Value
A new bathroom is one of the best home improvement projects to add resale value to your property. A remodel can increase your house’s value by up to 20%.
However, it’s important to remember that you won’t recoup 100% of your expenses at resale. To maximize your return, you’ll want to stick with a budget and avoid overdoing it on the expensive fixtures.
You also need to make sure that your remodeling project is done correctly. Hiring a professional with an excellent reputation, a portfolio of satisfied clients, and the right licensing and insurance will protect your investment. In addition, you should look for an Oregon City, Oregon company that offers financing options, such as balance transfer credit cards, that offer 0% interest during the introductory period.
Although it is unlikely to recoup 100% of the cost in a resale, your bathroom remodel can add value to your home. However, it would be best if you did not undertake a significant remodel without researching what buyers want in your area and your specific budget.
Updating the look of your bathroom can be budget-friendly by making small changes, such as adding a fresh coat of paint or a new shelf. However, some changes, such as removing a tub in favor of a shower, may not appeal to buyers.
It is also good to consult with a local real estate professional or property tax assessor to determine whether your remodeling project will impact your property taxes. This will help you avoid unexpected expenses or overextending yourself financially.
Another way a bathroom remodel can add value is by reducing your family’s water and energy usage. Replacing old toilet and showerheads with water-saving models can save a lot of water.
A final way to add value to your home is by improving accessibility. Widening doorways, adding support bars, or changing a tub to a walk-in shower can help ensure future buyers will quickly move in and out of your home.