On average, remodeling a bathroom could increase home values by 66% of what is spent on renovation. Luxury remodeling could recover about 57% of their costs in terms of rising home values. If you're wondering, “Does bathroom remodeling increase the value of the home? the answer is yes. Home improvement projects of all types and sizes increase the value of your home.
However, the exact amount may vary depending on the project and the amount of money you invest. Some projects offer little return on investment (ROI), while others can provide a lot of benefits for your money. If you're thinking about taking the leap, it may help to know that for most home renovators a bathroom improvement is far from regrettable. For example, if you have a house with only one bathroom or a disproportionate number of bedrooms and bathrooms, adding an extra bathroom can be a smart move.
The cost of a bathroom remodeling project depends on many factors, from the quality of materials to the scope of renovation. As with mid-range projects, the cost of luxury bathroom renovations has been rising over the years. Routinely, housing experts cite bathroom remodeling as one of the best renovation projects you can undertake if you want to increase your home's resale value and appeal to potential buyers. If your home doesn't have enough bathrooms to accommodate an average family and a few guests, you might consider adding another bathroom to increase the value.
If you plan to sell your home sometime in the near future, you'll likely enjoy a higher ROI on renovation work if you hire a licensed and experienced bathroom remodeler near you to complete the job. A mid-range remodel is the only type of cost universally designed bathroom remodel surveyed in the report, but it offers the highest performance of any bathroom remodeling project. If you absolutely need to remodel the bathroom in your Dallas area home, a mid-range bathroom remodel can generate a return of 72.7 percent. While many bathroom renovations can increase the value of your home, there are some improvements you should consider as a high priority and others that you may want to skip altogether.
What this tells us is that there is more to be gained from a bathroom renovation than just an increase in the price of a house. And on a scale of one to ten, NAR reports that the joy score of a bathroom renovation is 9.6, both for homeowners who hire a professional to do their remodel and for those who undertake the project on their own. New bathroom floors, even when carried further away with radiant heat, are one of the least expensive renovations you can do, but they can also completely change the look, feel, and utility of the space. Value Report, yields from mid-range and high-end bathroom renovations are, for the most part, increasing.