Why and How to Undergo a Successful Bathroom Remodel
If you’re looking to upgrade your home and ensure the upgrades to your home see a return on your investment, you should start with the kitchen or bathrooms.
Potential purchasers like to see two things:
- The house has good bones.
- The bathrooms and kitchen have been updated.
Why do buyers like recently remodeled bathrooms and kitchen? It’s actually pretty simple: Besides the bedroom (which typically just needs a coat of paint), the bathrooms and kitchen are the areas where people spend the most of their time. Even if you don’t intend to move soon, you will get the most out of improvements to those spaces.
Kitchen remodels can be expensive and can take a while to plan. However, a bathroom remodel is not only doable in a short amount of time, but it’s also easier to budget for.
Without a budget set from the beginning, you may find yourself with an awesome tub or new floor, but you are no longer able to finish the rest of the project. Start by setting your price limit. Then, make a plan of what needs to be done to the bathroom you are remodeling.
For many, the remodel could be a complete gutting of the bathroom, replacing plumbing, and putting in new walls and floors. For others, it could mean keeping the existing plumbing and only replacing fixtures, furnishings, flooring, and shower walls. Once you have an idea of what budget you have to work with and what you want to do, you can get to work on the plan.
Luxury vs. Economical
You have your list of what you need to replace and what you need to get — now it’s time to price it out. When remodeling, keep in mind that there are big differences between luxury and economical projects; for example, you can get an off-the-shelf shower door for as little as $300 or you can drop about $3,000 for a luxury shower door. Laminate countertops are affordable and readily available, but you may choose to spend extra on granite, quartzite, or marble countertops for the looks and the value they add if you choose to sell. Toilets, meanwhile, can range in price from a couple hundred to the thousands depending on the color, tank, height, shape, efficiency, lighting, and heating options you choose.
Getting all luxury items in your bathroom would likely break the bank. So, choose economical items on things you’re not so passionate about. Get one or two luxury items if you feel inspired, if you see the item as an investment in your home, and if you have the means to purchase it.
Return on Investment
As you remodel and make design decisions, always keep in mind that money well spent in a remodel depends on whether it can increase the value of your home and, in the event of a sale, whether you will see the return on your investment. You should make it a priority to replace or repair all items that would come up during an inspection. While updated electrical, plumbing, and subflooring may not be aesthetically pleasing, they do add value to your home.
Some things that will attract future buyers are tile floors and nice countertops. However, you likely will find that an extravagant toilet and fancy shower head won’t see much of a return.
DIY vs. Hiring a Professional
For some of your remodeling projects, you can save on the labor by doing the work yourself. Some DIY projects you can attempt are:
- Installing a vanity
- Installing a toilet
- Installing a faucet
You should hire a professional when dealing with any of the following:
- Structural changes
A bathroom remodel can be a wonderful investment to your home if you remember to budget, plan, and choose your materials wisely. With careful planning, you can create an affordable bathroom you love that meets your style and improves the value of your home. By mixing DIY and professional work, luxury, and economical products, and keeping your budget and goal in mind, you will surely see a future return on your investment.
Photo Credit: Burst