Any time you make improvements to your home, you’re increasing the value of your home—and bathroom remodels are no exception. In fact, of the various home remodeling projects out there, a bathroom remodel offers one of the highest returns on investment when it comes to increasing your home’s value. In 2022, the national average ROI of a bathroom remodel is 59%, based on data from Remodeling Magazine’s 2022 Cost vs. Value Report.
What Influences the ROI of a Bathroom Remodel?
Many factors can influence the ROI of your bathroom remodel. For instance, remodeling costs and home values vary by region and market, which isn’t something you have much control over. However, the type of bathroom remodel you choose for your home can also influence your ROI. You can opt for a full-scale luxury bathroom remodel that transforms your bathroom from top to bottom with high-end finishes. Or, you can do a few simple touch-ups like painting the walls or adding a mirror. While these represent the extremes in the wide range of options for a bathroom remodel, you can see how your remodeling approach can vary greatly in both costs and value.
In fact, a midrange bath remodel can offer a higher ROI than an upscale bath remodel. Opting for the most expensive option may not always offer you the best value. At the same time, a fresh coat of paint will not have as big an impact on your home’s value as installing a brand-new tub or shower. You’ll want to carefully consider your options to choose the right balance between the cost of your project and the expected value it will bring to your home.
Consider Your Whole Home When Planning a Bath Remodel
When considering the impact a bathroom remodel can have on your home’s value, it’s also important to think about your bathroom as one component in the total package. While a sleek and spacious walk-in shower may have a showstopping effect in the bathroom, if that shower replaced the only traditional bathtub in your home, you may be limiting your audience of potential homebuyers. Choosing a bold or eclectic design that suits your taste but isn’t for everyone may be another factor that limits the number of homebuyers interested in making an offer.
You’ll also want to ensure your bathroom remodel suits the rest of your home environment. Updating the bathroom with luxury finishes while the rest of the home is left outdated will feel incongruous and may not provide the same ROI.
When it comes to increasing your home’s value, a bathroom remodel is a great option to consider. However, how you approach your bathroom remodel is the most important factor in how it will impact your home’s value. Learn about bathroom remodels for your rental properties!
Contact One Day Bath to Learn More
If you’re interested in having a bathroom remodel completed in your home or have more questions about how a bathroom remodel will improve the value of your home, contact One Day Bath today.