Bathroom Renovation- 5 Ways that You Can Maximize Your Investment & Increase Your Home Value
For most people, a home is their biggest investment. When it’s time to sell, you want to make sure you get the highest price the local market will bear. Many homeowners turn to renovations to boost their home’s appearance and value. While that may sound like a good idea, renovations that aren’t carefully planned or professionally executed can cause a lot of potential buyers to turn away.
Everyone has their own tastes and preferences, and when you’re getting ready to sell, you need to think put your own tastes aside and think in more general terms to ensure you’re appealing to as many buyers as possible. In today’s marketplace, homeowners need to plan renovations based on styles and tastes that appeal to a broad market and provide long-lasting value.
Bathrooms & Kitchens Give the Best Return on Investment
Deciding which areas to renovate is pretty straightforward: Most real estate experts agree that bathrooms and kitchens tend to provide the most bang for your renovating buck. Comparing the two areas, kitchens tend to be much more costly to renovate, and it’s also much easier to make costly missteps when deciding what changes to make in kitchen renovations, especially when choosing appliances or planning the layout.
Offering a return of as much as 100% of your original investment, renovating your bathroom can be the most cost-efficient way to help your home sell more quickly and at a higher cost. But before you start planning your own renovation, there are a few simple guidelines you should follow to make sure your project is a success:
Avoid fancy finishes or ornately embellished fixtures and opt for fixtures with easy-to-maintain finishes and simple, classic lines to appeal to the broadest range of tastes and make cleaning a breeze.
Offer cost savings
Consider water-saving toilets, low-flow showerheads and high-efficiency in-floor radiant heat so future homeowners can save on utility costs. Make sure your real estate agent highlights those features and their cost-saving benefits in your listing.
Opt for products with transferable warranties
If you’re investing in remodeling prior to listing your home, selecting products with transferable warranties can be an excellent selling point. Countertops and mosaic tile from NuStone Transformations are backed by a 10 year transferable warranty.
Invest in your buyer’s future
Make your home even more appealing to potential buyers by adding accessibility features that help them envision themselves in your home for years to come. Aging in place is becoming increasingly popular, especially as baby boomers enter their senior years, and accessibility options also appeal to those who are disabled. Features like walk-in tubs and showers and easy-to-access shelving and storage areas show your home is ready to serve buyers’ needs now and in the future. And, by incorporating those features now, buyers know they won’t have to make those renovations themselves in the years to come – a major money saver that can add significant appeal to your home.
Don’t overlook budget-friendly options
Lower cost doesn’t always mean lower quality. Many renovation experts offer refacing options that can make your bathroom look new without the high cost of new fixtures. Refacing can also help save on time, and important consideration when preparing your home for sale.
Renovating your bathroom is a great way to maximize your home’s value, but without careful planning and an eye to detail, it’s easy to end up spending money without getting true value in return. When it comes to bathroom renovation Ontario offers a lot of options to choose from, both in terms of materials and contractors. For the best results and greatest return on investment, hire a professional with lots of experience in completing thoughtful bathroom renovations on time and on budget. Experienced contractors not only make your bathroom look its best, they can also help you make smart choices in materials and finishes to make your budget stretch farther than you ever thought possible.
If you’re interested in maximizing your return on investment into bathroom renovation, contact us now for a free consultation.