Sell your Home with a Smart Bathroom Renovation
After kitchens, bathrooms are the second most important room for home buyers. A bathroom renovation can increase resale value of your home and has a decent return on investment. According to this cost vs. value report from Remodeling Magazine, a midrange bathroom remodel can recover 71.1% of it’s cost at resale. That’s a great return compared to other interior renovations. If your bathroom is dated and you think it might hurt your home’s sale, it might be worth upgrading.
If your remodeling your bathroom, or putting in an additional bathroom, to help sell your home there are somethings you should consider. First, you want to make sure that your new bathroom is one that home buyers can picture themselves in. Second, you want to make sure you will enjoy the space yourself in the meantime. Companies that offer bathroom renovations in Calgary can help you remodel your bathroom with resale in mind.
Upscale renos might not have the best ROI.
For resale, you want to make sure your bathroom is visually appealing. That might mean a new paint job, updating some fixtures and faucets, but maybe not a major overhaul of the space. You don’t want to go too high-end when renovating your bathroom if you’re selling your home. For example, you might not get a return on investment with expensive granite countertops so sticking with quality laminate countertops could work. In some cases, smart and simple upgrades are enough to attract buyers.
Talk to a professional.
Not sure where to start? Talk to your real estate agent. They can help you check out homes in your neighbourhood that are comparable to yours, find out how many bathrooms they have and how much they are selling for. A realtor can also tell you what kind of bathroom features seem to appeal to many buyers and if adding a half bath or a full bathroom to your home is worth the investment.
Allow buyers to imagine themselves in your home.
Remember to keep things neutral. Though bold colours might be your personal taste, a light and neutral bathroom will appeal to the greatest number of buyers. If you want to sparkle things up in the meantime, add some personalized accessories.
In fact, you can get smart with some eye-catching accessories and really improve the aesthetics of your bathroom. Simply replacing your old towels and worn out shower curtain can give the room a refresh at a very low cost. Keep clutter off the vanity, replace your hardware with modern hardware, roll a few hand towels and place them in a neat row on the countertop.
Need some inspiration? Read more articles about bathroom renovations.