Can A Bathroom Remodel Increase Your Home's Value?
When you are planning to sell your home, a bathroom renovation may be one of the best places to increase your home's value. Depending on the existing condition as well as the style and age of your home, here are a few things to consider before tearing out that sink!
Does The Bathroom Age The House?
It could be a lavender toilet or avocado tiles, but if your answer to this is yes, then a bathroom renovation can really make a difference. Prospective buyers will look at this space as a liability rather than a feature, and this can decrease the value of your home. It may also scare away buyers who are looking for a home that is in move-in condition. The trick is to keep the renovation modern, but timeless. The white toilet will likely always be in style, and tiles made of natural or neutral materials will keep the space fresh.
Do The Features Match The Price?
Depending on the location of your home and the value of the property itself, it is important to match the features of the bathroom to the rest of the home in order to get the most value out of a renovation. Large homes with big price tags benefit from the bells and whistles of a master suite with a whirlpool tub, but you will likely not get your money back for this kind of renovation in a smaller home that attracts first-time buyers or those looking to down-size.
Does The Design Match The Home?
While you may love the look of the minimalist bathroom, if you own a federation home
in a historic neighbourhood, making this decision could cost you in the long term. While you can get creative in designing a new space, keeping the style of the bathroom renovation in the same overall style of the house will make potential buyers more likely to appreciate the investment you have put into the property.
Ultimately whenever making a decision to renovate any room in your home, the change has to work for you and your family. Though you may not get back the investment of installing that overflow hydrotherapy tub, if it is what you want then go for it! Balancing these tips with your personal taste and needs can make any renovation a more pleasant experience.