Old Home Reno: How Updating Your Bathroom Can Increase Real Estate Value

Kitchens and bathrooms are where you can make the most return on your investment for a home renovation. Most buyers want to see that these areas have been updated before making a purchase decision. This has a positive effect on the value of your home if you do it correctly. Here are some of the things that you should consider with your bathroom renovation to get the most value out of it.

New Bathroom - Old Home Reno: How Updating Your Bathroom Can Increase Real Estate Value

Make the Layout More Functional

Older homes didn’t tend to set aside a lot of space for the bathroom. This can lead to it feeling too cramped for the modern home buyer. You may need to consider adding some extra square footage or rearranging it in order to increase its appeal. Another thing that you may want to consider is creating enough space to add a double vanity to increase the usability of the bathroom. Many homes are going away from the tub and shower combo in favor of a walk in shower.

Minor versus Major Renovation

You get more money back on your bathroom remodeling if you can get away with doing a minor renovation. This isn’t always possible depending on the fixtures that you have to work with in the space. For example, you may be able reuse the existing tub and toilet if they’re still in good condition. This can save you some money on your overall renovating costs. You may not get the full value back on a major remodel, but it can increase the appeal to a potential buyer.

Bathroom Additions Add Value

Depending on the bathroom situation in your home, it may be to your benefit to add a bathroom. The most common type of bathroom addition is generally to create a true master bathroom. This is something that buyers are really looking for when they’re shopping for a home. Adding a half bath to your main floor may also be the right move for your home. This allows you to have a guest bath that doesn’t require that your guests use the bathroom that the rest of the family uses every day.

Select finishes for your bathroom remodeling project that are more classic if you’re looking to sell in the next few years. This will increase the overall appeal of the renovations that you complete in your bathroom to prospective buyers. You also want to make your remodel fit with the rest of your house. Cohesion is the key to increasing your home’s value.

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