Does Remodeling a Bathroom Increase Home Value?
If you’re considering putting your home on the market, you’re likely weighing the pros and cons of a number of home remodeling projects in order to determine what’s worth it and what’s not. One of the most popular renovation projects before listing a house is a bathroom renovation. But is remodeling a bathroom worth it? And what’s the actual value of a bathroom remodel? In this article, we’re diving in to find out.
What Affects the ROI of a Bathroom Remodel?
When it comes to making a general statement about the return on investment (ROI) of home improvement projects, it’s always important to remember that every home sale is different. There are a number of variables to consider, such as trends in the market in your area and the details of the bathroom remodel itself, so it’s important to do research on your local area before drawing conclusions.
In general, investing in durable, low-maintenance products has a better ROI than investing in higher-end, luxury products. However, luxurious touches, like upgraded hardware or custom features, can help significantly increase a bathroom’s value, so it’s up to you to find the right balance.
What’s the Value of a Bathroom Renovation?
According to Remodeling Magazine’s Cost vs. Value 2020 report, the national average on a midrange bathroom remodel ROI is around 64%, making it one of the best investments a homeowner can make in their home. In fact, bathroom remodels have consistently ranked highly on ROI lists, since home buyers consistently favor remodeled bathrooms.
Besides the dollar value of a bathroom remodel, it might be wise to consider the other benefits a new bathroom provides. According to a report by NARI, people who renovated their bathrooms enjoy their homes 58% more than they did previously, and they also report a 35% increase in functionality and standard of living. Besides the facts and figures, think about how a long, relaxing soak in a gorgeous new bathtub can relieve your stress and anxiety, or the ways that a walk-in shower can provide easier accessibility while enhancing your bathroom’s aesthetics.
Turn to BathWraps for Your Bathroom Renovation
Getting the most bang for your buck when it comes to a bathroom remodel is all about choosing the right products for your home. That’s why it pays to go with a company that has decades of experience in making their customer’s renovation dreams come true—BathWraps. If you’re convinced that a bathroom remodel is right for your home, we can help. Contact us today to learn more about our products, or simply find your local dealer and get started on a bathroom renovation at your home.
