3 Things That Are Key To An Equity Boosting Bathroom

3 Things That Are Key To An Equity Boosting Bathroom

Image titleA bathroom renovation can add value to your property, if it’s done right. These three things are key.


——


Believe it or not, there’s a right way to renovate your bathroom and a wrong way. Done right, a bathroom can boost the equity of a home, recouping up to 70 percent of the renovation costs. Done wrong, no matter how attractive, it can be a loss. Here are three things that are key to boosting the value of your home through a bathroom renovation.


——


According to the 2015 Remodeling Cost vs. Value Report issued by the National Association of Realtors in conjunction with Hanley Wood’s Remodeling Magazine, a bathroom remodel can add up to 70 percent of its cost to the home’s value. But, you shouldn’t expect to recoup anywhere near that if you don’t make smart renovations.    


How do you renovate your bathroom so you add value to your home? Start by taking the time to assess your home’s value. (Consult a real estate agent for an accurate estimate.) The last thing you want to do is price yourself out of the market by spending $25,000 on a bathroom in a neighborhood where the average home price is $150,000.


Once you’ve set a reasonable budget, spend wisely. Every home will have different needs, and some renovations won’t make as much since in one neighborhood as they would another. However, these three guidelines will keep you on track and help you add value to your home.    


Think simple. 


An upscale bathroom renovation—defined by the cost vs. value report as one that costs approximately $54,000—rarely offers a good return on investment. Instead, it recommends sticking to a midrange renovations of $40,000 or less. But even that figure can be misleading.


You can remodel a bathroom without spending a lot of money, according to interior designer, Katie Orin of Home Rescue 411 and KTO Designs. Replacing the toilets and vanities may not be as sexy as glass tile, but it can have a huge impact, she says. Other cost effective improvements can include replacing faucets, showerheads, or the mirror. Give the room a fresh coat of paint, and you have an inexpensive renovation that recoups a large percentage of your expenditures while adding value to the property. 


On the other hand, you run a risk when you incorporate trendy elements and accents into your bathroom renovation. Those glass tiles look fabulous in the magazine, but in five years, they can make the bathroom look dated and worn. (Contractors call this stylistic depreciation.) At that point, when buyers walk through your home, they mentally subtract value from your home because they’re calculating how much they will have to spend to update your renovation.


If your goal is to boost the equity of your home, keep your bathroom renovations modest and conservative. Don’t overspend, and don’t over decorate. Instead, focus on updating the essentials like the sink or faucets. When it comes to materials, choose basic, such as ceramic tile, instead of trendy materials that will all-too-soon date the property.


Make the master regal.


If you are going to splurge a little on any bathroom renovation, make it the master bathroom. Buyers today have certain expectations when it comes to this area—at the very least, they want his and hers sinks, an upgraded shower, and great lighting. Without these items, the master bathroom can actually be a turnoff, so spending a little more money may be worth the investment.


Balance is the key. You don’t’ want to overspend because you won’t be able to recoup your renovation costs, but at the same time, if you fail to make necessary renovations, you could turn buyers off. So, how do you strike that balance? Bring the bathroom up to date with buyers’ wants and needs but don’t go overboard. Add that second sink if you only have one in the master bath, but don’t install something over-the-top like electronically activated faucets, if you are more concerned about boosting equity.  


The same applies to the shower. Buyers want an upgraded shower in the master bathroom, but that doesn’t necessarily mean you need to pull out the existing shower and put in a custom snail shower during renovations. If the shower is in good condition, you can hire a professional tub and tile re-glazer, Orin says. A white glaze will make the shower look new.  


You don’t have to skimp, though. If you plan to stay in your home long term (five or more years), make the changes you want to your master bathroom. Just realize that you probably won’t see a boost in equity from upscale renovations like heated master bathroom floors, audio systems, and saunas. 


Increase the size.


People have expectations when it comes to the number of bathrooms a modern house should have. A home with one full bathroom, even if there’s a second, half-bath, is just not going to cut it anymore. If your home has only one full bathroom, consider converting the half-bathroom into a second full one. 


In the case of the home with one full bathroom and one half-bath, this could entail simply adding a shower to the existing bathroom. Or, you may have to knock out a wall and incorporate square footage from another room to increase the second bathroom’s size. It can be an expensive remodel, but it will almost certainly add equity. 


On the other hand, if your property only has one bathroom, adding a second bathroom can increase the value of the home by up to 58 percent of the cost of your renovations. It’s not a great return, but it definitely makes the property easier to market since most buyers are looking for at least a 3-bedroom, 2-full bath home. 


Adding a bathroom takes extra time and effort, so it’s not for everyone. The renovation is involved, especially if you have to physically add square footage versus converting existing space, like an unused closet, into a bathroom because it involves extending the foundation and roof and putting up new exterior walls. If that sounds expensive, it is. You can spend anywhere from roughly $40,000 to $75,000 on a bathroom addition, according to the cost vs. value report.


When in doubt about whether adding an additional bathroom is a good idea, talk to a real estate agent who can tell you what’s appropriate for the neighborhood and estimate how much value the new bathroom could add. 



*This article is syndicated and licensed from Realtor.GetWrittn.com.


Cara Balderas Headshot
Author:
Phone: 469-644-7124
Dated: October 9th 2017
Views: 267
About Cara: One of the biggest decisions you will make financially is what home to purchase. To find that perfec...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Will A Realtor Really Help Me Make Money On The Sale Of My Home - Sure it may be tempting to forego
5 Reasons To Sell This Winter - 5 Reasons to Sell This Winter!
Remember The Starbucks Effect When Buying A Home - I read recently that the CEO of
Identity Theft Is Never Fun Protect Yourself With Title Insurance - Identity theft can cause you huge

Our Bloggers

The Doyle Team * - 2
Comprar Casa DFW * - 4
Gabrielle Armstrong - 5
Cara Balderas - 67
Tami Bennett - 45
Ramon Bermudez - 3
Justin Blackburn - 1
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 47
Moira Brunken - 18
Beverly Bryant - 24
Ana Cantu - 1
Lisa Cardillo - 53
Bob Cardillo - 4
Lisa Carroll - 2
Lucina Cervantes - 11
Michael Chatman - 2
Gregory Cornett - 2
Angela Cotten - 97
Missie Craig - 12
Melisa Crooks - 1
Greg Cunningham - 2
David Darty - 1
George Dean - 1
Sarah Dieter - 9
Belinda Duff - 5
Eva Duffy - 8
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 9
Larry Frassinelli - 6
Chad Gabriel - 58
Shalee Garza - 10
Marcos Garza - 1
Tammy Gill - 1
Timothy Gilliam - 2
Christina Gonzalez - 5
Wilma Goodwin - 2
William Graves - 5
Jimmy Hanks - 1
Kristen Henderson - 1
Candie Hernandez - 6
Beth Herr - 1
Hunter Howard - 1
Bill Hurd - 3
Gary Hutchings - 20
Trenton Johnson - 15
Marla Johnson - 1
Felicia Johnson - 79
Dakota Joyner - 9
Sunil Kanjia - 8
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 9
Michele Lafortune - 22
Dylan Lochhead - 1
Maria Lopez-Jones - 1
Stacy Lynn Massar - 27
Chuck May - 1
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Candace Mozingo - 1
Mark Mulch - 19
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 434
Julie Ann Pickering - 85
Ann-Marie Pope - 2
John Priestash - 46
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 222
Christine Shannon - 30
Rene Sinclair - 27
Shelby Smith - 3
Rebecca Smith - 1
Bryce Smith - 5
Monica Solkhon - 1
Malena Solorzano - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Tim Stoll - 52
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 217
Mary Taylor - 15
Kevin Taylor - 16
Julian Taylor - 17
Erica Taylor - 54
Angela Taylor - 1
Karla Terrell - 2
Michele Thompson - 6
Jason Todd - 24
Andrea Trimble - 55
Sarah Uber - 5
Yael VanGruber - 1
Diane Velez - 18
Debbie Viverito - 132
Rachel Walsh - 2
Nick Walton - 79
Spring Weeks - 9
Clint White - 2
Christopher Winkler - 1
Michael Worley - 164
Martina Worley - 2
Keisha York - 30
Audra Young - 1
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


Other Locations