A bathroom remodel can add value to your home. Master’s Home Solutions can completely transform your space, bringing both function and form to make your bathroom a place that you love spending time. It can be an exciting and rewarding project, especially if you’re looking to raise your property value prior to a sale.
But how much of that renovation investment will pay off when it comes time to sell?
In this article, we’ll explore why a bathroom remodel can be a key factor in selling your home, how much ROI you can get, and how you can get the most value along the way.
The ROI of a Bathroom Remodel: How to Get More Bang for Your Buck
If you’re considering selling your Lehigh Valley home, a bathroom remodel may be just the thing to get that “For Sale” sign off your lawn faster and for a higher price. According to the 2018 Cost vs. Value Report, you can expect to recoup more than 60% of the cost of a midrange bathroom remodel and almost 70% of a minor remodel but the actual return on investment (ROI) varies by project and market. So, if you want to get more bang for your buck, you should understand what buyers are looking for in bathrooms and make smart design choices based on that.
Understanding Your Target Market
Before you start swinging sledgehammers and tearing out shower tiles, think about who is going to buy your home when it’s on the market. In most cases, you don’t want to create an overly customized bathroom that appeals only to you or your family’s tastes and needs. For example, if you have young children, it may make sense for you to have a shower/tub combination with a large tub for bath time. But if you’re selling to empty nesters, they probably won’t need that extra space, so you could use it for something else — like a walk-in closet or double sinks — that would appeal to them more than it would appeal to you.
Why a Bathroom Remodel Can Add Value to your Home
The short answer is that homebuyers think about their daily routines when they’re looking at houses and imaging their new lives. Bathrooms are part of that, and that’s why what’s behind the bathroom door matters.
According to the folks at Home Light, nearly 80 percent of buyers say they’re willing to pay more for a home with an updated bathroom. And they have good reason; as Realtor Magazine explains:
“The bathroom is one of few rooms in a home that is used every day by everyone who lives there. It’s also one of the major renovations to tackle.”
A recently remodeled bathroom will give your home a competitive edge among those buyers who need to move quickly. These days, some buyers simply don’t want to tackle major renovation projects — they just want to move in, relax and watch Netflix!
How to Get the Most Value from Your Bathroom Remodel
Selling a house is a complicated process that involves a lot of moving parts. But if there’s one thing that can torpedo a deal or put it on hold indefinitely, it’s the condition of the bathrooms. Buyers are looking for clean, modern spaces with plenty of natural light when they tour houses, and bathrooms — especially master bathrooms — are often make-or-break rooms in their eyes. If yours are outdated or dingy, then the best thing you can do is remodel them before putting your house on the market.
Luckily, our team of experts at Master’s Home Solutions has been working with homeowners in Lehigh Valley since 1957 to bring their dream homes to life. We can help you transform your bathroom into the ideal selling point for potential buyers within your budget!
No matter how large or small your project, our team will help you choose the perfect bathroom transformation from our many options—including bathtubs, showers, vanities, flooring and more. From design to installation, Master’s Home Solutions is with you every step of the way. We can help you create an amazing bathroom that will add value to your home while being functional and attractive.
If you’re ready to discuss your next project with a licensed, professional, and skilled contractor, then contact us today at Master’s Home Solutions in Lehigh Valley, Bethlehem, and Allentown, PA at 610-810-5157!