Just how much can a bathroom renovation improve the value of your home?

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A bathroom renovation is often one of the most cited renovations that you should look into if you want to increase the value of your home. As the bathroom is one of the most crucial selling points of any property, having a stylish bathroom that's very functional can give your home some extra selling power. You may have heard in the past that a bathroom renovation represents one of the highest return on investments for any type of home renovation project and this can add value in two ways:

Updating your existing bathrooms:

A complete bathroom remodel could help you get access to more floor space inside the bathroom. You can also make some serious cosmetic changes for a bathroom that is in need of updating. Older style fixtures or even leaks or damage in the plumbing can be addressed through the remodel. Although a primary bathroom remodel could cost between $5000 up to $18,000, around 66% of the overall cost of your bathroom update will actually work at coming back to you when you sell your home. Some popular choices for bathroom renovations that can help with return on investment include options like double sinks, shower seats, improving showers with steam, Jacuzzi tubs and more. 

Adding a new bathroom:

Taking unused space in your home and adding in a brand-new bathroom such as in the basement can also be a fantastic way to increase the value. Having a brand-new bathroom in your home could instantly make it more feasible for a large family as well as help you command a larger asking price. An added bathroom could deliver an even greater return on investment especially if you look into the appraisal value of another full or half bath in your home. 

As you can see, a bathroom renovation can be a great choice if you are about to sell your home or if you just want to add new value into your property while enjoying greater comfort. If you would like to get started on a new bathroom renovation contact New Ray Development today.