Bathroom remodeling is a popular home improvement project that you may be considering. Part of that consideration will be cost versus value. Since the bathroom is an important and well-used part of a family’s routine, it makes sense to improve it if possible.
Having a bathroom that is well designed for functionality, space, and storage, and is beautiful too is a dream come true. But you may worry if the cost of remodeling is actually worth the cost. It depends. But on what? A comparison between cost versus value may help but remember what you value will often justify the cost.
Factors to Consider Before Remodeling
Before you can determine the cost, you will need to assess your current bathroom. You want to identify what are the problems with your current bathroom. For example, does it need a facelift meaning new tile, new fixtures, or new paint? Is it too small? Are there elements such as tile, flooring, cabinetry, and lighting that are outdated? Do you need a new shower, a tub removed, or maybe a double sink? Or is it all the above?
Identifying what you need in a remodel will help you gauge how big a remodel project you are looking at. The skilled remodeling experts of Property Pros can help you identify issues that may be underlying your concern with your current bathroom and what things can be solved with a bathroom remodel. We can also help identify where you can save and where you should not skimp.
What Contributes to the Cost
The cost of bathroom remodeling can vary significantly based on several factors. Factors like:
• the size of the bathroom
• the materials used (tile, flooring, lighting)
• the fixtures (toilet, tub, shower, faucets, plumbing)
• the complexity of the project
Additionally, expenses such as labor, permits, and perhaps unexpected issues that may arise during the remodeling process should be considered.
While the average cost of bathroom remodeling typically ranges from $5,000 to $10,000, it’s important to note that this will not simply translate into a proportional increase in your home’s value. When selling your house, the selling price will be determined by an assortment of factors as any realtor will tell you.
Research suggests that the Return on Investment (ROI) for a bathroom remodel typically ranges from 50% to 60%. However, it’s important to remember that ROI is not the only measure of worth.
The Value of a Bathroom Remodel
The value of remodeling your bathroom can also be calculated by more than dollars and cents. Its value is how it makes you and your family’s life better. The beauty of your bathroom, something you use every day, is important. A dingy-dated bathroom with a stained sink or shower or tub drain is frankly depressing to see each morning.
An updated freshly painted remodeled bathroom can be pleasing to the eye and make you smile. Add to this that your bathroom is also a functioning facility – no longer something you have to work around. Instead, it works for you, making your life easier.
Imagine having space for storage, roominess in the shower, a toilet that is comfortable, and a vanity with plenty of counter space and a nice big mirror to see your smiling face in. Now that’s value for your buck.
What is Bathroom Remodeling Worth?
While the monetary value of bathroom remodels can be defined by the cost of elements and labor, there are several non-monetary benefits that you should also consider. A remodeled bathroom can provide enhanced enjoyment and comfort for you and your family.
Improved functionality is one of the end results of a good bathroom remodel. Providing more space, efficient storage solutions, and better working plumbing all contribute to a well-purposed bathroom. Also, modern bathroom designs can integrate the latest technology and fashion trends into the design.
From smart fixtures and energy-efficient appliances to stylish tiles and lighting, a remodeled bathroom can bring your space up to date and create a more user-friendly space.
When deciding whether bathroom remodeling is worth the cost, it’s important to consider your own priorities, needs, and comfort. While some individuals may prioritize the remodeling solely on their Return on Investment when they sell, you may place a higher emphasis on the comfort of yourself and your family.
If you plan to stay awhile, investing money to have a home that you love and enjoy can increase your willingness to move forward on the project. Understanding what is of value to you will help align your needs with the expenditure.
Hiring Property Pros for Your Bathroom Remodeling
To ensure a successful bathroom remodeling project, hiring Property Pros is a great first step. Our expertise and experience will ensure quality workmanship, adherence to building codes, care of your property during the remodel, and timely completion. Hiring Property Pros can save you time and minimize the chances of costly mistakes, ultimately maximizing your investment.
A bathroom remodeling can be a worthwhile investment if you carefully evaluate your needs and consider both monetary and non-monetary factors. While the cost may not always be fully recoverable when selling your house, the enhanced enjoyment, improved functionality, and updated aesthetics can make a significant difference in your daily life.
We’d love to hear about your Bathroom Remodeling ideas! Contact us by calling (765)-400-PROS here in Muncie or filling out our online form.