A new bathroom is a great way to increase the value and comfort of your home. This can either be a replacement for an outdated bathroom or an addition of an entire new space. Either way, a new bathroom can freshen a home’s interior and raise its overall value.
If you are trying to save on costs, converting an already existing space in your home is less costly, however, it does take space away from another area of your home. If you can allocate a larger budget, it may be beneficial to add an addition to your home for your new bathroom space. Regardless of your decisions, it is important to choose the right approach for your needs, hire the right team, and choose the best materials so that the benefit of an extra bathroom outweighs the cost.
The National Home Builders Association estimates that adding half a bath to your home raises the average home value by about 10.5 %. Adding a full bath increases the value by an average of 20%.
When it comes to considering added value to your property, there are three areas to focus on when deciding on materials and allotted costs for your bathroom.
• Tub / Shower- When buying a house, potential buyers will envision their day-to-day lives in the home. If they have kids, this means a nightly bath routine and for adults, their refreshing morning routine or space to get ready for a night out. It is important to decide on the best option for potential buyers in the area.
• Vanity- This can be costly as it includes the countertop, sink, faucet, and cabinetry, however, it is the main focus of a bathroom. Make sure the countertop is durable and falls at a comfortable height.
• Flooring- Flooring can make a big impression for a low cost. Inexpensive tile and vinyl can be made to look like classic stone or wood without the high costs of the natural materials.
Adding a bathroom can significantly increase your home’s value. With the right approach to your bathroom remodel, your return on investment can be a sizeable amount.
If you are looking to add more functionality and value to your home through the addition or remodel of a bathroom, call Northern Craft Construction today.