When it comes to renovating your home, your bathroom is one of the most important rooms. Not only do you want to be able to use it comfortably, but bathroom remodeling is also a great way to add value to your home. But with so many options to choose from, it can be...
How Much Value Does a Bathroom Remodel Add to Your Home?
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In general, home values tend to increase with time.
But you can do your part to boost the price of your property by making smart renovations and changes. And, if you’re looking into sprucing up your abode, you’ve probably considered bathroom remodeling.
But how much value does a bathroom remodel add, really? Before you grab the sledgehammer and start demolishing your current setup, here’s what you need to know.
How Much Does a Bathroom Remodel Cost?
Of course, the answer to this question depends on the amount of work you intend to do.
A basic refresh can cost you about $2,000, while a major overhaul could come with a $20,000-or-more price tag.
As of 2020, the average price of a bathroom remodel was $10,545, with half of the money covering labor costs. After that, the most expensive features would be plumbing, fixtures and cabinetry and hardware.
You can probably imagine which features we’re talking about here. It’s not a big expense to, say, swap out your drawer and cabinet pulls with new hardware. Meanwhile, replacing your tub with a walk-in shower will be a bigger and more expensive project.
How Much Value Does a Bathroom Remodel Add?
Now that you know how much a remodel could cost you, it’s time to find out if it’s worth your investment.
The short answer here is yes, a bathroom remodel is worth your time. This is especially true if you plan to sell your home down the line. Renovated bathrooms are one of the top features that buyers look for, according to a 2020 poll.
If you helm a mid-range bathroom renovation — around a $20,000 project — you should get back about 63 percent of your costs. A luxury upgrade costing you $60,000 or more will put back 60 percent into your pocket when it’s time to sell your property.
How to Remodel a Bathroom
Perhaps you’re sold on the idea of a bathroom remodel, but you need a few ideas to get you started.
There are so many ways to spruce up your space, whether you envision something classic, contemporary or creative. Here are some possibilities to help you brainstorm your own space.
- A walk-in tub or shower
- Black paint and cabinetry
- Bold wallpaper for a small powder room
- Open shelving for linens
- Mosaic tile floors
These projects might require you to bring in a contractor to help you. There are bathroom renovation ideas out there for DIY-ers, too.
For example, you could spend a weekend repainting your cabinets and replacing the hardware. If your bathroom is outdated, these small upgrades can breathe new life into the space.
Make Your Bathroom Work For You
How much value does a bathroom remodel add? The answer to that question isn’t just an economical one.
Sure, you get about a 60 percent return on investment in a bathroom remodel when you sell your home. But you also get to enjoy a space that works for you — one that makes you feel serene and relaxed.
We can help make your bathroom renovation a reality, especially if you want to ensure your new space is accessible for everyone in your family. Contact us today to get started.
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