Many people wanting to renovate their homes often ask themselves if bathroom remodels add value. According to numerous experts in the field, choosing to renovate your bathroom will add value to your home, but how much value depends on many factors.
These factors can include the location of your home, the type and extent of your bathroom remodel, the type of materials used, and the quality of labor. Additionally, some bathroom remodeling upgrades will bring high returns on investment (ROIs) of between 56 to 64% or more, while others will hurt your ROI.
Our team at GAMCO Remodeling wants your bathroom remodel to add value to your home, whether it be an aesthetic value or a high ROI. That’s why we will discuss everything you need to know about bathroom remodels and how value is added. After all, you deserve to ensure your financial investment is maximized.
What Are The Types Of Bathroom Remodels?
Before we delve into how much value is added to a home because of a bathroom remodel on average, we will discuss the different types of bathroom remodels. Knowing the different types will help you determine which remodel suits your needs, wants, and budget.
- Midrange remodels: This bathroom remodel type usually includes a new standard white toilet, shower handle, and vanity counter. It also often includes new ceramic floor tiles.
- Upscale remodel: An upscale bathroom remodel could include expanding or adjusting the layout of a bathroom and other structural changes. It can also include high-end bathroom accessories, faucets, and other appliances. High-end remodels also involve double sinks, stone and marble countertops, heated flooring, and tiled shower walls.
- Universal remodel: A universal bathroom remodel makes a bathroom more accessible. This can include making it wheelchair accessible, widening doorways, adding a walk-in shower, ensuring accessible storage, and equipping support bars throughout.
You should also note that each of these bathroom updates will give you a different return on value.
What Is The Average Bathroom Remodeling Cost Vs. Return On Investment (ROI)?
A bathroom remodel costs between $6,200 and $15,250, with the American national average sitting at about $10,800. The average return on investment is around two-thirds of the total cost of remodeling your bathroom if you sell your house. It has been proven that a home with a renovated bathroom is more likely to attract a buyer quicker.
However, you should be aware that upscale bathroom remodels are usually more expensive, with an average cost of $65,000. Generally, mid-range bathroom remodels can add value to the tune of roughly 67% (recoup rate), while upscale bathroom remodels tend to provide an ROI of upwards of 60% after a sale.
What Are The Bathroom Remodel Upgrades That Don’t Yield A High Return On Investment?
Despite how challenging it might be to believe there are certain bathroom upgrades during a remodel that don’t add value to your home. This is usually because these items require a significant amount of upkeep that homebuyers don’t want to do.
It’s proven that one of the lowest ROI projects during a bathroom remodel is changing a regular bathtub with a jet tub model. This tub type is often difficult to maintain, and they break easier than normal tubs. Another example of an upgrade that will not yield a high ROI is steam showers for similar reasons.
What Are The Bathroom Remodel Upgrades That Yield A High Return On Investment?
There are quite a few bathroom remodel upgrades that will yield a high return on investment. Below we have provided a brief list of some upgrades that provide the best value to your home. Should you want to discuss these upgrades further, we recommend researching a bathroom remodeling contractor near you.
- Lighting: It might not seem significant, but bathroom lighting can affect your bathroom’s overall look and aesthetic. If you use dim outdated lighting, you could risk making your bathroom look drab even if you complete an expensive remodel. That’s why you need to use lighting that will enhance the space.
- Retiling: Quality modern shower tiling can make a bathroom look bigger, brighter, and more high-end. It will likely be one of the costly upgrades, but it can add significant value to a home.
- Ventilation: There is perhaps nothing worse than having a bathroom that encourages mold growth and mildew. Often mold and mildew form when there isn’t adequate ventilation in a bathroom. That’s why upgrading the ventilation can add value because it ensures these issues don’t occur.
- Vanity: Choosing to upgrade your vanity during a bathroom remodel will add significant value to your home because many people want a stylish vanity. An upgraded vanity with bright lighting, a large mirror, double sinks, and plenty of counter space gets a bathroom noticed.
Contact A Bathroom Remodeling Expert At GAMCO Today To Discuss Your Renovation Value
Now you know that a bathroom remodel adds value to your home. If you would like to discuss the upgrades you would like done to your bathroom to increase your ROI, you should speak with us at GAMCO Remodeling.
We are remodeling experts with years of experience, and we’re eager to help you achieve your bathroom renovation dreams. Get in touch by calling us at (631) 587-2266 for a free estimate.
