Is bathroom renovation a good investment?

Data from Zillow shows that bathroom remodeling yields the greatest benefits in terms of increasing the resale value of your home. This includes things like painting and refinishing cabinets, changing the mirror, or upgrading hardware. A bathroom renovation, for example, is one of the best interior renovations that can pay off when it's time to sell. Most properties with renovated bathrooms sell at a higher price and faster than homes that require major upgrades.

If you're considering a remodel or renovation solely to increase the resale value of your home, keep in mind that while 33% of realtors recommended a renovation to their sellers, only 4% of homeowners reported that it helped them close a sale. If your bathroom fixtures are fit to work, a remodel may not be on your immediate radar, but a careful inspection like the one your home will undergo if it is brought to the market can reveal issues that could make a bathroom remodel the best thing for you. 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. While a bathroom renovation may not necessarily mean a lot of money when you sell your house, it can bring you more enjoyment while you live there.

Lastly, a major bathroom renovation may not fit your budget or long-term goals, and that's fine. 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. And if the bathrooms don't change with the styles, you get to a point where one day you wake up and say, “This bathroom doesn't look good anymore. Whatever the life change, if your bathroom isn't enough, it's a good sign that it's time to invest in a bathroom remodel.

However, you'll almost certainly enjoy your renovated bathroom more than if you lived in an old-fashioned space. 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. Real estate agents know from experience that renovated bathrooms can make your home stand out and attract buyers, while old and dated fixtures can reduce its appeal. Modernize professionals can help you connect with trusted local contractors who will help you build the bathroom you've always wanted and maximize your bathroom remodel ROI.

Hayden Brown
Hayden Brown

Extreme social media lover. Passionate food buff. Typical beer enthusiast. Typical zombie trailblazer. Hipster-friendly bacon nerd. Total internet junkie.

Leave Reply

Your email address will not be published. Required fields are marked *