Since the bathroom is one of the places in the house where people spend most of their time, yes, it would be very good. But it basically depends upon the remodeled you have made. Not all will help enhance the resale value of your house, or it might not even be a good investment.
However, Remodeling Magazine has given a good explanation on their Cost vs. Value report. It was said in the report that from the years 2006-2012, bathroom remodeling has regularly returned on the investment at about 62%. But it does not end there. When 2013 began, the return started increasing and even reached up to 72%. This is definitely high compared to regular room remodels showing only 60% return of investment.
Having the bathroom renovation – be it because you want a fully furnished house while you are there staying or you just want to attract potential buyers, you should not be cutting on the budget for the materials and style.
This would greatly affect homeowners to jump into a conclusion and start a bathroom remodeling project. But don’t jump into that right away. Keep in mind that having a renovation at home is a very big decision to make. The owner should be very careful and have to consider many things. If you have your own house but you are looking to stay just for a while and will be selling it in the near future, it is best to have the remodel now while you can still enjoy the upgrade before somebody else will enjoy it.
But what if you are planning to sell it in a couple of years (let’s say in a year or 2)? Is it still good to remodel? Well, it depends. If you are in a neighborhood where many house are in auction, it is advisable to have a remodel. Custom upgrades and more distinction from other houses would most likely sell your house faster compared to others. Furthermore, a newly remodeled house basically increases the value of the house and can easily attract potential buyers. You also have the right to have a high selling price.
Also, a greatly remodeled house will need little to zero renovations. Buyers are more eager to buy if the house is move-in ready. Who doesn’t want to live in a house filled with good amenities, right?
A house that does not have a remodel or is not taken care well attracts real estate investors who are planning to resell it again. They will be bidding at a very low price since they will have to do repairs and renovations. They will just buy your house to make it an investment.
Whatever your reason in having the bathroom renovation – be it because you want a fully furnished house while you are there staying or you just want to attract potential buyers, you should not be cutting on the budget for the materials and style. If you have started on the project and you noticed that it only made things worse, you will be spending more now than what you only should.
Make your remodel appealing to everyone. Don’t do dark rooms, instead have good lighting in all parts. It should be energy-efficient and environment-friendly. Don’t make it to complicated, as long as it looks good, it would be fine. And lastly, before trying out a remodel yourself, try to talk to experts. They can always give a helping hand and give you professional recommendations.
Veronica Barfield is active in reading manuscripts that deals with real estate financing. People might think that she is a broad minded woman with interest on highly sophisticated scripts of laws, but she is indeed a nature enthusiast, a passionate woman who would rather go for a nature hopping than grandeur social gatherings.