Whether you’re looking to enhance your home for personal enjoyment or preparing to sell, renovating your bathroom can bring you one of the biggest ROIs possible.
Zillow.com estimates that a midsize bathroom renovation can result in a substantial increase in your home’s value, with a return of $1.71 for every dollar spent. This underscores the significant value these renovations bring to your property.
Average Cost of a Bathroom Renovation
Bathroom renovation costs vary widely based on factors like size, materials, and labor.
On average, a basic bathroom remodel can range from $5,000 to $15,000, covering essentials like new fixtures, paint, and flooring. Mid-range renovations, including upgraded fixtures and better materials, typically cost between $15,000 and $25,000.
Meanwhile, high-end remodels with custom features may exceed $25,000, reaching $50,000 or more. Labor expenses contribute significantly, with hourly rates varying by location. DIY projects can save money, but professional installation ensures quality.
Additional expenses may arise for unforeseen issues or desired upgrades.
When you renovate your bathroom, you should focus on getting fresh paint, nice tiles, and quality fixtures. You should also optimize your budget by potentially refreshing cabinets with a new coat of paint or replacing hardware instead of a complete overhaul.
Even if selling isn’t immediate, keeping the future buyer in mind avoids costly rework. Consult with realtor friends for insights, ensuring renovations align with potential buyers’ preferences.
The goal is not just to enhance your bathroom but to increase your home’s overall value and market appeal.
Increase Your House’s Market Value with Bathroom Renovation
Prior to renovating your bathroom with selling in mind, you should first have a professional appraise your home’s current value. Understanding the potential before and after resale values enables you to assess whether the renovation costs align with the expected returns.
At Your Home Tour, this appraisal is a fundamental step that’s always a part of our process. If you’re interested in exploring how this program can work for you, feel free to book a free consultation for a comprehensive discussion of your specific situation and goals.