We can all agree that a fresh look or upgrade can drastically increase our home’s appeal. Not only will it improve your day-to-day life and impress family and friends, but did you know it can also increase your home value when you’re looking to sell? It turns out a proven way to boost your home value and maximize your Return on Investment is to introduce some stylish new tiles within your interior space, particularly in your bathroom.
It is well-established that home improvements to the bathroom are one of the best ways to increase the value of your home. The average return on bathroom renovation averages around 70%.
Bathrooms are one of the main talking points for home buyers today. A dreary, outdated bathroom – especially the master bath – drives potential buyers away. On the other hand, a functional, stylish, modern bathroom can be a huge selling point.
Whether you are preparing to put your home on the market or making improvements for you and your family, bathroom remodeling is a wise investment.
Increase Your Bathroom Return on Investment
If you’re planning on selling your home at any point in the near future, you’ll probably enjoy a higher ROI on the renovation work if you hire a licensed and experienced bathroom remodeler near you to complete the work.
Some simple bathroom upgrades can be safely performed on a DIY basis, such as new paint or swapping out a tired old faucet for a newer model. However, if you’re undertaking more complex jobs, such as replacing flooring, bringing in a new vanity, or creating a walk-in shower where there used to be a standard tub, then you’re far better off hiring a professional.
Why choose tiles to improve your property value?
Floor and wall tiles are not just a source of beauty and sophistication, they’re tremendously functional and easy-to-maintain. They are also a fantastic addition that can significantly boost the value of your home! Unlike vinyl or laminate – materials that can easily turn off a buyer thanks to their limited lifespan – tiles and hardwood floors are consistently ranked top among materials that rank high in property value.
When it comes to deciding between flooring materials, beautiful tile floors have an equally strong draw to hardwood floors – and at a fraction of the initial cost and long-term maintenance!
Average Bathroom Remodel Cost vs. ROI
The typical cost range for a bathroom remodel can range from $6,200 to $20,250. You can expect to recoup an average of about two-thirds of your investment in remodeling a bathroom when you sell your home. Moreover, a home that’s been recently updated tends to attract a committed buyer more quickly.
Upscale bathroom remodels can average higher at around $65,000. Mid-range remodels typically earn a slightly higher ROI, recouping around 83% of the remodel cost, whereas upscale remodels earn an average of just over 70% back in the sale.
As market trends continue to shift wildly, one thing is for sure – buyers are looking for a property that’s attractive, both in terms of price and personality. Freshening up key areas in your home can prove essential to getting the most bids and the best offers in a market that is becoming increasingly competitive. Homeowners are looking past the numbers on the bottom line to make investments that will last a lifetime, and recently updated properties offer the best bang for their buck, the most compelling living situation, and the best long-term investment. You can hit all three with our key upgrades to get the best ROI on your home!
Contact us today to get started on your project!
