A Bathroom Remodel Can Improve Your Home’s Resale Value
If you are getting ready to put your home on the market, you should consider investing a little money into a bathroom remodel ahead of time. The bathroom is one of the most used rooms in the home, apart from the kitchen. Since bathrooms are smaller than kitchens, it tends to cost less to remodel the bathroom.
In cases where you have two or three bathrooms, you can remodel all of them for about the same cost as an entire kitchen remodel. Although, if you do have the extra money to spend, it does not hurt to remodel the kitchen, too.
When people are shopping for a new home, they will tend to overlook minor imperfections in other rooms, like all of the different princess pink colors in your daughter’s room, especially if the bathrooms and kitchen were recently remodeled. Newly remodeled bathrooms can potentially increase the value of the home by as much as 20 to 25%, whereas newly remodeled kitchens can increase the value of the home by as much as 25 to 30%.
Keep in mind, the actual amount a bathroom or kitchen remodel will add to the value of your home also depends upon other factors. If you have leaky roofs, a broken air conditioner or furnace, or a hot water heater on its last legs, it is not going to matter to prospective home buyers that you just invested a ton of money into renovating and remodeling the bathrooms and/or kitchen. In these cases, the home buyers would rather have you fix the leaky roof, install a new home heating and cooling system, and a new hot water heater.
As you can see, you need to carefully consider the options of where you should invest your money into your home before you put it up for sale. Ideally, you have kept up with repairs and maintenance on the hot water heater, heating and cooling system, and roof. If not, then it is better to invest in making these repairs first, and then see how much money you have left over. With the money you have left over, remodel the bathroom that needs it the most, or, if you have to pick between more than one, choose the one in the master bedroom.
Even if you are tight on money, there are several different affordable upgrades you can make to your bathrooms that will still add some value to your home. You can pick and choose what elements to remodel in the bathroom, like installing new bathtub and shower enclosures and fixtures, applying a fresh coat of paint to the walls, or resurfacing the existing cabinets.
Plus, if you are able to do most or all of the remodeling/renovating work yourself, you can save even more money, while increasing the value of your home. For more information or assistance on selecting the right bathtub and bathroom shower enclosures or related accessories for a bathroom remodeling project, please feel free to contact American Bath Enterprises, Inc. today by calling 888-228-4925.