Investment advantages of bathroom remodeling are a bit tricky because some makeovers will bring a much larger return on investment than others.
In fact, according to National Remodeling Magazine, which puts out an annual survey of such home improvement projects, minor bathroom refreshes are usually a much better investment than a complete gut and remodel. In fact, for the past decade or so, minor bath remodels return more than major overhauls consistently. Read on to learn the investment advantages of a bath remodel.
The investment benefits of bathroom remodeling can be broken down into two key elements. Those are, function and style. Given this is one of the most used spaces in a home, a well-functioning, and stylish bathroom will help sell a house when it’s time.
Of course, time also plays a critical role. If you plan on staying in the property long enough, even a major bathroom remodel can bring a decent return on investment. However, if you’re planning on selling in the not-too-distant future, a minor bath remodel, which usually brings a bigger return on investment, may not pan out financially.
The investment advantages of bathroom remodeling will really pay off when it’s time to sell your property. This is most often true when you remodel the bathroom about three years before selling (or a bit longer). Depending on the square footage, function, style, and materials you use to redo the bath, it can bring back approximately 60 to 80 percent. That’s money very well spent, given you’ll get a lot of use out of it and increase your home’s value.