If you own a home, a bathroom renovation can seem like a headache. You might ask yourself, "Is a bathroom remodel worth it?" Yes! According to Investopedia.com, bathrooms remodeling is one of the best ways to get a great return on investment!
"Remodeling can boost the return on investment (ROI) of a house. Wood decks, window replacements, and kitchen and bathroom upgrades tend to generate the highest ROIs." [Investopedia.com - 'Will Your Home Renovations Pay Off?']
By organizing a quick "bathroom redo", it's rather straightforward to go about increasing the value of your property, very quickly. Even the New York Times has done some digging on the subject, and have found some interesting data.
"Is it worth the money? A study by House Method, a website that provides guides and information for homeowners, examined the value of bathroom remodels to help answer the question. To put it simply: For a gut bathroom renovation, the answer is usually yes.
In 2022, the study reports, the average full bathroom remodel costs $26,574, for which homeowners can expect a return on investment upon resale of roughly 60 percent — about $15,944. In all 50 states, an average bathroom makeover increased a home’s resale value by more than enough to pay for the renovation." [New York Times.com - Is That Bathroom Remodel Worth It?]
Knowing that a bathroom renovation is worth the investment, what are the next steps? Here is a 3-step guide you can use to take action and increase your home value (and make your living space more comfortable).
Step 1: Planning
Consider what kind of remodel you're looking for. Some popular bathroom renovation focus-points are:
- Tub-to-shower conversions
- New tiles
- Upgrade sink / cabinets
- New lighting fixtures
Step 2: Finances
See if you can get your bathroom done without paying anything upfront! There are certain programs that allow homeowners to leverage their assets to get a new bathroom remodel in 24-48 hours, with no cost. Sounds too good to be true, right? Well it might be - you have to qualify in order to get these benefits. Click here to take a survey and see if you qualify for a no cost bathroom!
Step 3: Execute
Pull the trigger. Plan out a day or two to have a professional team of home contractors get the job done. You can't risk having a random handyman taking weeks to renovate your bathroom. This is a chance for you to get a great return on investment, and it needs to be done the right way, by the right people.
- New York Times - 'Is that Bathroom Remodel Worth It?"
Bathroom renovations are possibly the easiest way to increase your home's value. With modern technology and techniques, remodeling a bathroom is quick, cost-effective, and provides an instant increase in value. If you're a homeowner, we hope you take action on these 3 steps to a no-cost bathroom.
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