If you’ve been debating whether the benefits outweigh the costs of that bathroom remodel you’ve been considering, the answer is yes. One of the first things buyers look for (and best ways to boost the value of your home) is an updated bathroom. But not all of those upgrades have a dollar for dollar return. Keep reading to discover the power of an effective remodel and learn what upgrades you should look at first if you’re working on a budget.
Top Benefits of a Bathroom Remodel
Whether you’ve been wanting to demo the outdated tile or just create a better ambiance in your bathroom, a renovation in this space will make a difference in your home. The bath is one of the first places to show wear and tear in a home, and anyone looking to purchase values a “retreat-like” bathroom. Not only that, but a bathroom remodel can deliver these 5 benefits among others:
1. Increase home value.
By some estimates updating outdated features in your bathroom, can increase the overall value of your home by as much as $20,000 to $30,000. You’ll need to invest in upgrades that include the bath, toilet, sink and other extras to bring in that kind of increase, but if you’re looking to sell, it will be worth it.
2. Improve function.
If leaking faucets, cracked tiles, or other less than ideal components are an issue in your bathroom, a remodel is the perfect time to fix those. Likewise, a bathroom upgrade can provide you the opportunity to rework a poor floorplan to increase space and maximize function in your bathroom.
3. Increase efficiency.
Not only does a remodel afford you the chance to improve function, but it will also give you the chance to improve the overall efficiency of your home. Upgrading your bathroom with energy efficient fixtures could help you save big buck on your monthly utility bills and make your carbon footprint smaller.
4. Improve ambiance.
Particularly if you’re remodeling a master bath, the overall look and feel of the bathroom is important. Completing a remodel in your bathroom will give you the chance to overhaul the aesthetics of the space to create a better atmosphere. For many that means creating a bathroom that has a more spa-like feel.
Where to Invest Your Remodel Budget
If you’re working on a budget (and who isn’t) with your remodel, then you really need to figure out how to stretch your dollar and get the biggest return on your investment. Complete a “smart remodel” by putting your money where it will do the most work for you and upgrade these items:
• Reglazed bathtub
• Contemporary sink
• Timeless, modern tile
• Energy efficient lights
• Modern double vanity
• Up-to-date fixtures
• Water-saving toilet
The bottom line is that an updated bathroom is more than just a trend. Investing in upgrades to your bathroom will have benefits – short and long term. So if you’ve been holding off on that remodel, now is the time to do it.