We all need somewhere to call home. Our place of rest, relaxation and restoration. Somewhere to break bread with friends and family, enjoy a drink, chill out on the weekends and put your feet up. That’s why many people buy their home, to have a permanent residence and to create a legacy for their family. However, there is also an argument for increasing the value of your home. One way you can achieve this is by renovations and a bathroom renovation in particular. This helpful article will share how major and minor bathroom renovations can help to increase your home’s value, so continue reading to learn more about this topic.
Why Undertake A Bathroom Renovation?
A bathroom renovation is typically considered to increase the value of your home significantly, with some recent homeowner renovators estimating they have added several thousand to the overall value of their home. Whether a renovation is major, structural or simply cosmetic, an attractive, functional and practical bathroom will always appeal to the savvy buyer, either owner occupiers or landlord investors.
Everyone loves a nice bathroom, and home buyers want to buy homes that don’t require much work. Not everyone is interested in a fixer-upper, so you will attract buyers who want a functional home that they can move into and enjoy. A freshly renovated bathroom looks incredibly appealing, and all shiny and gleaming will attract buyers who can picture themselves enjoying their new home with a newly renovated bathroom.
What to Consider
When you are deciding whether or not to renovate your bathroom in order to boost your home’s value and exactly what shape your remodel will take, you need to be certain that there will be a decent return on your investment. This is because a brand-new bathroom can be quite an expensive renovation to undertake. As part of your preparation, you should research other homes in the area and compare what they offer to buyers to inform your decision-making. You want to stay competitive in the market and hopefully recoup the cost of the renovation with a profit cherry on top as well.
Furthermore, it is also worth considering what types of buyers you are likely to attract with your newly renovated bathroom. For instance, if you are selling a larger family home, it is likely that your prospective buyers are going to have young kids or will be thinking of having kids in the near future. As such, they may want both a bath for the children and a walk-in shower for the adults. So, your bathroom design will need to include both elements or even consider the possibility of a master bathroom alongside a second smaller bathroom. Another tip is if the buyers are a professional couple, a double sink may be a worthy investment so they can both get ready for work in the morning at the same time.
Consider Small Footprint Improvements
A bathroom renovation doesn’t always have to be a major project. There may be some smaller improvements that you can make that will make a world of difference and impress potential buyers for your property.
For instance, use your available space well. Would a second sink be the best addition, or would additional storage for towels and toiletries be better?
Consider upgrading installed fixtures and fittings, as no buyer will be interested in leaky taps, shower heads, or worn-out fixtures. You can upgrade your tapware and other fixtures, as well as fittings such as window dressings, for a minor facelift.
Also think about other bathroom accessories, in addition to fixtures and fittings. Does your shower screen need an update? Are there enough power points for shavers and hair dryers? Small additions can make a world of difference.
Plenty of light is also essential for a bathroom, but so is lighting that creates an atmosphere of warmth and cleanliness. Check your existing lighting and see what you can do to change it to make your bathroom appeal to your type of buyer. You might install a new light fitting or a lighted mirror for a minor upgrade.
You should also fix any existing problems while you’re at it. If you have mould, damp or stained tiles or flooring, ensure that you remedy this before selling. These problems can’t be touched up or hidden from a savvy property inspector. Major issues will deter buyers, so remedy these now.
In Summary
This helpful article has shared all about bathroom renovations for increasing the value of your home. We’ve shared why a bathroom renovation will achieve this end and thinking about the types of buyers that you want to attract. Finally, we’ve shared some minor improvements that you can make that will add value to your bathroom without a major renovation project.