Most home renovations can increase your enjoyment of the home, it’s function and even it’s efficiency, but some renovations have a higher return on investment than others. Bathroom renovations are one of the most popular home upgrades among homeowners. Whether you’re upgrading a dated space, need to do some repairs, need a change or want to remodel to help sell your home, you can expect to add value to your property with a smart bathroom remodel.
Sharp Building Solutions in Edmonton shares more on this valuable home remodel:
Cost vs value of bathroom renovations.
For a midrange bathroom remodel, you can expect to recover 67.2% of it’s cost at resale, according to this cost vs value report from Remodelling Magazine. In their example, $20,400 was spent completely redoing a bathroom and about $13,700 was added to the value of the home.
What can you get for $20,000? A lot! In their example, an existing 5×7 foot bathroom was gutted and updated with a brand-new ceramic tile floor. All the fixtures were replaced to include a porcelain on steel tub with a tile surround and a modern shower control, a standard white toilet, solid surface vanity countertop with an integral since and a recessed medicine cabinet. It also included new lighting.
Saving on a bathroom renovation while still adding value.
If you want to sell your home and don’t want to spend that much on a bathroom remodel, you can still upgrade the space without breaking the bank and get a good return at resale. If you want to save on your bathroom renovation, consider replacing the floor with resilient vinyl tiles instead of ceramic tile and use a high quality faux-stone laminate countertop. You can also use a single-piece acrylic tub surround instead of installing a tile surround.
Choosing these attractive but cost-effective renovation materials will give you an upgraded space for less and will still add value to your home.
Other ways bathroom renovations are valuable.
Beyond receiving a higher price at resale, bathroom renovations can put more money in your pocket in other ways too. Replacing all your faucets and fixtures with energy efficient, low-flow models and swapping incandescent bulbs with LED or CFL bulbs will help you reduce water and energy use and lower your monthly bills. You can add that savings to the value of the renovation.
A clean, attractive and upgraded bathroom can also make your home more attractive to potential buyers if you plan on selling in the future. In addition to raising the cost of your home, it will become a strong competitor on the market and any future buyer will like the fact that they don’t have to worry about upgrading the bathroom upon moving in. There is value in a quick and easy sale.
Bathroom Renovations in Edmonton
Sharp Building Solutions is working towards being the leader in home renovations servicing Metro Edmonton and surrounding regions. They know that reputation is everything and are committed to offering high quality workmanship and customer service through every project.
Want to renovate the bathroom? Contact Sharp Building Solutions!