Bathroom Remodel Return On Investment

A midrange renovation includes materials like ceramic tile.

Bathroom remodel return on investment. Few homeowners are spending money remodeling their bathrooms if they don t believe that they will see some sort of return on investment. And most prospective buyers will make a point of checking out the bathroom before deciding to buy. According to remodeling magazine s annual analysis of cost versus value a kitchen face lift painting refinishing surfaces and upgrading appliances will return more than a full redesign. Kennelty first recommends.

For homeowners a bathroom remodel is pricey but it s a safe bet that is very likely to be profitable. Value report done by remodeling online shows that an upscale bathroom remodeled delivered better than a 70 percent return on investment. In this data remodels are categorized as midrange or upscale which relates to the quality of finishes used. Although remodeling your bathroom can become pricey it doesn t have to be.

The design and product selection are key. A successful remodel means thinking strategically about what upgrades you make banking on current trends and timeless features. On average bathroom remodeling projects yield a 60 return on investment. A homeowner might consider the following upgrades.

What high end materials generate a higher return. Perhaps it s counterintuitive but bathroom upgrades are among the improvements offering the lowest payback returning barely 50 percent of what you spend. News for example investing in a bathroom remodel yields a 62 percent return on average at least if you do it well. If you take 20 000 and spend it judiciously on a kitchen you can make it look a million times better says remodeling senior editor jim cory who supervises the survey.

If the homeowner is smart about their remodeling project they increase the profitability of the remodel even more. Bathroom remodels usually have a high return on investment and are generally considered one of the smartest home improvement projects you can do. Bathroom remodels are also expensive especially on a square foot basis and simply may not be worth the high cost. Across every region in the report a minor kitchen remodel offers the best return on investment of any kitchen remodel type.

But either way the remodels we re talking about here are a heavy lift not just cosmetic changes. The key to spending less is spending it wisely. Meanwhile sorry luxury tub fans the home improvement project that reaps the worst roi is the addition of a bathroom at 56 2 although the added value of an extra bathroom for anyone who. This data can help you better determine the return on investment you ll see for a bathroom remodel based on the type of remodel you take on and the level of finishes.

Kennelty estimates a full bathroom and kitchen renovation may cost 40 000 to 60 000. You might consider instead of remodeling going through and refinishing these outdates spaces for buyers who aren t in their forever home i e planning to sell within the next five years this option makes sense. Perhaps it s because bathrooms are small and you don t spend much time there so people are not willing to pay.