If you’re toying with the idea of remodeling a bathroom, local realtors say it is a great investment! Much like kitchen remodeling, bathroom remodeling drastically increases your home value. While it would be wonderful to get every dollar back from your renovation project, Remodeling Magazine estimates that U.S. homeowners will get an average of 71 cents back from every dollar they spend on remodeling or updating their bathroom.
In the remodeling world, that’s a great return on investment. So not only will you get to enjoy all that goes with having a new bathroom, you’ll recoup a big chunk on your investment if you sell your home. Local realtors say a beautiful, remodeled bathroom is a big advantage if you ever plan to sell your home. And since potential buyers place great importance on a remodeled bathroom, those homes tend to sell more quickly than houses with an older, outdated bathroom. Plus, you can command top dollar, because many buyers don’t want to have to deal with remodeling a bathroom.
Fixing safety problems is another reason to remodel your bathroom. Loose floor tiles are a potential hazard for you and your guests. In addition, loose wall tiles allow moisture to build up inside the walls and can quickly turn into a mold problem. Once mold starts to grow, it can get out of control if you don’t treat it immediately. After all, mold grows in bathrooms because it is warm and moist.
A new bathroom can make your entire home feel newer and updated. A bathroom renovation improves the look and feel of everything around it, especially when it’s a master bath. The entire master suite looks new when the bathroom is remodeled. Many homeowners say remodeling their bathroom was the best investment they’ve ever made, and they regret waiting so long to do it!