Remodeling a bathroom doesn't have to include major and costly changes, such as installing a new shower or water system. Simple improvements, such as repainting walls or installing new handles on bathroom cabinets, can brighten up the room and make it more cozy. Even small, relatively easy upgrades, such as caulking a bathtub or installing new tile flooring, can amount to a 2-3% return on investment. The addition of a full bathroom could also allow you to move an older parent or other family member into the house, without them having to use the family or master bathroom.
On average, remodeling a bathroom could increase home values by 66% of what is spent on renovation. 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. It's also vital to consider typical homebuyers in your area when deciding between a bedroom renovation or a new bathroom. 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.
As a homeowner, you may need to decide between upgrading an existing bathroom or adding a new bathroom to the house, or you might be wondering if it's worth adding a bathroom in the first place. 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. Value Report, yields from mid-range and high-end bathroom renovations are, for the most part, increasing. A homeowner should never make the mistake of thinking that all bathroom renovations will add value to their home or that they will see a healthy return on their investment regardless of the materials used or the changes made.
However, this is not always the case; for example, if your house has two bedrooms and two bathrooms, a third bedroom could add more value than a bathroom renovation. 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. 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. 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 vital consideration is if there are bathrooms on every level of the house; if you finished the basement, for example, but didn't add a bathroom in that space, consider installing a sink. Generally speaking, a bathroom renovation or addition could generate twice as much return on investment as a new room.
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