Bathrooms are essential to any home but often go overlooked when homeowners consider which space to remodel. Bathroom remodels tend to be one of the best ways to add value to your home, along with kitchen remodels. You want your bathroom to work for you and have a style or attract potential buyers. A remodel can increase the value of your home whether you’re looking to sell the property or want to improve your home’s functionality.
To give you a clearer picture, let’s delve into some bathroom remodeling cost vs. value data from 2023 that compares the average prices for remodeling projects in the United States Pacific Region with the value those projects retain at resale. For a midrange bathroom remodel, the average job cost is $27,024, and the resale value is $16,893, which means 62.5% of the costs are recouped. Regarding a universal design bathroom remodel, the job cost is higher at $43,382, with a resale value of $18,782, recouping 43.3%. Lastly, an upscale bathroom remodel costs about $83,096, with a resale value of $26,965, recouping 32.5%. These figures highlight that while the resale value may not cover the entire remodel cost, a significant portion is recouped, thereby enhancing the overall value of your home.
Outdated bathrooms can be easily remodeled to fit their current space. Before you begin, consider if any repairs need to be made along with the remodel, such as leaky faucets or damaged floors. Plumbing, electrical, and structural upgrades or repairs can be costly, so it’s best to be upfront and aware of these issues if there are any. The good news is that making these repairs only helps increase your home’s value.
Part of updating an existing bathroom means you need to consider whether you are changing the layout of the space, making the space more prominent, or simply updating the design. This can help determine your costs and budget. Increasing the space tends to be a great way to add to the overall value of your home. Upgrading any lighting or plumbing fixtures can also increase value.
The average cost of updating an existing bathroom varies widely, depending on the age of the home, any repairs that need to be done, and the cost of labor and materials. Simple updates to the space, such as changing out tile or lighting, tend to be more affordable, while a complete remodel is more expensive.
If you have the space or don’t have enough bathrooms to suit your needs, you may consider adding additional ones to your home. An extra room is not guaranteed to add value to your home, but buyers typically want to add a master, family, or guest bathroom.
To determine whether it is worth adding, consider asking for an appraisal of your home before you invest in the project. This can tell you if the remodel would add value or not.
Regarding upgrading or completely remodeling, some features may have a higher return on investment. Before tackling a larger project, however, consider how more minor updates could increase your home’s value. Smaller updates, such as repainting and necessary repairs, can boost your home’s value.
Once these more minor upgrades have been addressed, consider updating some of the following to maximize your return on investment:
Replacing plumbing fixtures with higher-end faucets and shower heads is a great way to increase your home’s value and improve your living space. You can choose from adding a handheld shower unit, multiple jets, or even an overhead waterfall shower fixture for a spa-like experience.
When considering replacing your shower or tub, you can choose between having a shower-tub combo or separating those units. A separate shower and tub can add a feeling of luxury. You can have plenty of styles, whether the tub is inset or freestanding. A large shower and beautiful ceramic tile can also increase the look and value.
The vanity is another feature that can add value through simple upgrades. Consider updating the countertops, faucets, and sink for maximum impact. In a master, you might want to consider adding double sinks. Luxurious materials such as marble or granite can add sophistication to your design.
Never underestimate the effect flooring has on the overall feel. The design and material of your flooring can help add to the spa-like environment. You can even install heated floors, perfect for cold mornings. Buyers will also quickly notice the quality of your flooring, and heated floors might attract them as well.
Adding energy-efficient features isn’t just environmentally conscious but also adds to your home’s resale value. Your shower, sink, and toilet can be optimized for low flow, which means less water usage and more savings on the water bill. This can also be a strong pull for buyers looking for environmentally friendly houses or who wish to save money on their bills.
Whether you’re looking to improve the space for yourself or to sell your home, these upgrades can significantly improve functionality and beauty. In addition, each upgrade can add to your home’s value. Any buyers will be impressed by the new and improved space, and you’ll enjoy a relaxing retreat in your home.
Bathroom remodels can increase the value of your home and are one of the best ways to add value alongside kitchen remodels. They enhance both functionality and style, attracting potential buyers.
For a midrange bathroom remodels in 2023, the average job cost was $27,024, and the resale value was $16,893, recouping 62.5% of the costs.
When updating an existing bathroom, you should consider if repairs are needed, like leaky faucets or damaged floors. It would be best if you also decided on changing the layout, enlarging the space, or updating the design. Other considerations include the age of the home, the cost of labor and materials, and potential plumbing, electrical, or structural upgrades.
Upgrades with high ROI in a bathroom include updating plumbing fixtures like shower heads and sinks, replacing or adding a shower and tub, updating the vanity (countertops, faucets, sink), improving the flooring, and adding energy-efficient features like low-flow showers, sinks, and toilets.
The Kaminskiy Design and Remodeling team specializes in bathroom renovations and remodeling. You can contact them for a complimentary design consultation to discuss your project.
Our Kaminskiy Design and Remodeling team is an expert in bathroom renovation and remodeling. Whether updating an old bathroom or adding an entirely new space, we can help you achieve the upscale bathroom of your dreams. Contact us for a complimentary design consultation to get started.
Kimberly Villa is a recognized expert in the Home Design and Remodeling industry. Her passion for the industry is matched only by her love for sharing insights, new trends, and design ideas. Kimberly’s expertise and enthusiasm shine through in her contributions to the Kaminskiy Design and Remodeling website blog, where she regularly shares valuable information with readers.