If you’re considering placing your home on the market, you may want to research home remodeling Houston projects you can do to boost its resale value. While there are several improvements, you can make that will attract more buyers, one of the most popular areas to upgrade is the bathroom. In fact, according to a Zillow study, 26% of aspiring sellers remodel a bathroom before selling. However, just because it’s popular does not necessarily mean a bathroom remodel will yield a substantial ROI. Several factors affect the value of a bathroom remodel, including need, the extent of the remodel, and location.
Questions To Consider Before Investing in Bathroom Remodeling Houston
Typically speaking, bathroom remodels have the largest return in terms of boosting a home’s resale value. By making minor cosmetic changes such as refinishing the cabinets, adding a fresh coat of paint, and replacing the hardware, you stand to increase your home’s value by $1.71 for every $1.00 you spend. Given this information, focusing your attention on your bathrooms before listing your home could be a smart decision. However, before you call your local home remodeling Houston partner, ask yourself the following:
- Are there areas of the bathroom that need fixing? If your bathroom looks nice and is in good working order but is outdated, you may want to consider a remodel. Additionally, if the grout is moldy, the tile is cracked, and the plumbing held together by an excessive amount of plumber’s tape, you might as well invest in a remodel before you list your home. If you don’t, an inspection will reveal the issues, and you will end up having to pay for repairs regardless.
- Do comparable homes have updated bathrooms? When your realtor runs comps of other homes on the market, have him, or her look into bathrooms. Do other homes in your target price range have updated bathrooms, or are you competing against new construction homes? If you answered “yes” to either question, an updated bathroom may be just what you need to attract serious buyers.
- Is a new bathroom the best way to boost the value of your home? While bathroom remodeling Houston TX is one of the more popular home improvement projects for increasing a home’s value, it’s not always the best one. Before you put any money into your home, do some research into the best-selling features of homes in your area. You may be surprised to know that potential buyers are more interested in, say, manufactured stone veneer on the home’s exterior than in a newly tiled shower.
If you decide to go through with a bathroom remodel based on your answers to these questions, you must then decide what type of remodeling project would yield the most ROI.
Types of Bathroom Remodels
Bathroom remodeling projects typically fall into one of three categories: Midrange, upscale and universal design. A mid-range bathroom remodel is one in which you update all the materials and finishes to be functional and look new, but not necessarily to create a showstopper of a bathroom. The national ROI of this type of remodeling is 70.1%.
At 56.2%, upscale bathroom remodels yields the lowest ROI of the three types. An upscale bathroom remodel involves reconfiguring the bathroom layout and adding high-end finishes and features, such as double sinks, ceramic floor tiles, heated floors, and stone countertops.
The universal design incorporates wheelchair accessible features such as a walk-in tub, accessible storage, a widened doorway, a taller toilet, and an open-based vanity. Surprisingly, this type of update yields the biggest ROI, at 70.6%.
Consider the Potential ROI for Your Location
Potential homebuyers in certain parts of the country value bathroom remodel more than individuals in other places. For example, sellers in the country’s Pacific regions mention the ROI on a bathroom remodel by 87.7%. Sellers in the South Atlantic recoup the second-most amount, at 73.5%, while sellers in the Mid-Atlantic, East North Central, and West North Central regions report the worst ROI, at between 58.8% and 59.2%.
Work With a Home Remodeling Houston Professional
If you decide to go through with a bathroom remodel before listing your home, work with a professional who can help you plan and create a beautiful and functional bathroom quickly and within your budget. Learn more about the advantages of working with a full-service remodeling company today.
What’s the ROI of a Houston Bathroom Remodel? | Hestia Construction & Design — Houston, Texas