Frequently Asked Questions: Home Value
Does A Bathroom Remodel Increase Home Value?
A bathroom remodel – if done right – will usually provide an excellent Return on Investment (ROI) as far as home improvement projects are concerned. Nationally, a midrange renovation has an average ROI of 70.1%, according to Zillow, a well-known online real estate database.
Here are some of the top ways a bathroom remodel increases a home’s value:
Enhanced Aesthetics: a modern and stylish bathroom can significantly improve the overall appeal of a home to potential buyers. Upgrading fixtures, finishes, and design elements including lighting can create a more attractive and visually appealing space that stands out to buyers. Plus, if you’re going to be in your home for a while you get to benefit from all of this too.
Improved Functionality: a well-designed bathroom remodel makes the space more convenient, useable and enjoyable for everyone. Features such as additional storage, a spacious shower, or a separate soaking tub can meet the needs of modern lifestyles and appeal to buyers seeking convenience and comfort.
Increased Energy Efficiency: installing energy-efficient fixtures and appliances in the bathroom can reduce utility costs and appeal to environmentally conscious buyers. Features such as low-flow toilets, water-saving faucets, LED lighting, and efficient ventilation systems can improve energy efficiency and sustainability, making the home more attractive to eco-minded buyers.
Marketability: a bathroom remodel can increase the overall value of a home by improving its marketability and attractiveness to potential buyers. A well-designed and updated bathroom supports a higher perceived value for the home, leading to increased selling prices and faster sales in competitive real estate markets.
Maintenance Issues: updating and renovating a bathroom can address any existing maintenance or repair issues, such as leaks, water damage, outdated plumbing, or worn-out fixtures. By addressing these issues proactively, potential homebuyers are assured of fewer potential problems and costly repairs down the road.
Whether you are looking to remodel your bathroom now to put your house on the market, or if you want to enjoy the makeover for a few years, give Bath Source a call at (757) 606-1040.
Our factory trained design consultants can help you find the bathroom model that meets your needs and fits your budget. We are locally owned and operated, have been in business since 1993 and, in addition to our 5-star reviews on Google, we have had an A+ Rating with the Better Business Bureau (BBB) Hampton Roads since 1997.