Homeowners need to ask themselves a few fundamental questions before deciding if remodeling the home is a good idea. The most important question is whether you are going to get your money back if you decide to sell the home in the future. When remodeling a bathroom, it's important for homeowners to have a good idea of what your improvements are worth. This helps you invest your money wisely.
Bathroom Projects Pay Dividends
Most homeowners can't afford to waste money on pet projects that put a strain on your finances, so homeowners must choose carefully when deciding on a remodeling project. Most professionals in the real estate field recommend choosing a project that yields a hefty return. Bathrooms are a great remodeling choice. When home buyers look at a home, they always ask about the bathrooms. For homeowners, a bathroom remodel is pricey, but it's a safe bet that is very likely to be profitable. On average, bathroom remodeling projects yield a 60% return on investment. If the homeowner is smart about their remodeling project, they increase the profitability of the remodel even more. A homeowner might consider the following upgrades for their bathroom:
- Multiple sinks
- Glass showers
- Good lighting
- Shower seating
- Extra storage
- Floating vanities
An upgraded bathroom is welcoming and warm, which is appealing to home buyers who look for comfort and style when searching for a new home. It's important for homeowners to pick upgrades that make use of neutral colors and finishes without following ultra-trendy designs. This ensures that the bathroom doesn't look old and used in a couple of years. Homeowners should always consider increasing the size of the bathroom if possible; most home buyers prefer a home that has big bathrooms. It's easy to expand the size of a bathroom during a remodel or change certain features to make the bathroom feel bigger. For example, you might replace an over-sized, rarely used tub with a sleek glass shower to create more space in the room.
Styles That Last
Many homeowners make the mistake of choosing bathroom styles that aren't appealing to the public. When they do, they don't add much value to their home. It's always important to consider what a buyer is looking for in a bathroom to be sure of coming up with functional and stylish remodeling ideas. When remodeling a bathroom, homeowners need to keep the design in harmony with the rest of the home. If a bathroom sticks out like a sore thumb, it spoils the appearance of the home, especially for potential buyers who may only take a quick tour of the house before deciding whether or not to make an offer. When a homeowner is considering an upgrade that's going to be hard to sell in the future, you need to realize that home buyers won't be willing to pay for their eccentric designs. If they plan on staying in the home for a very long time, however, then it's acceptable to design according to your own preferences.
The great thing about bathroom remodeling jobs is that they don't need to be extensive. New paint, upgraded toilets and nice shower heads give homeowners the best bang for their buck. When a bathroom has floors and walls that are in good condition, simple strategic add-ons can skyrocket its value. When it comes to remodeling a home, popular trends change every five years. It's important for homeowners to choose timeless styles that don't lower their home's resale value in the future. Fortunately, bathrooms don't change that much; that's why they are one of the most profitable remodeling options out there.