In resale, mid-range renovations recover 67%, 2% of their costs, while luxury renovations recover 60.2%. But it really depends on your personal situation. It's really hard to know exactly how much remodeling a bathroom can increase the value of your home, because it depends on factors external to the market and the neighborhood you live in. For example, a frameless glass shower is solid and attractive.
Often, resulting in greater resale value for your home, a frameless shower dresses your bathroom more than other types of showers. However, frameless glass showers are more expensive than framed glass showers or other shower cabin units. If a framed shower unit can work for you, consider how much the additional cost of a frameless version is worth to you. This applies in all areas with natural stone countertops, quartz countertops, stone floors, solid wood cabinets, designer paint and a host of other premium products.
The costs of renovating a bathroom can be high, depending on what work is needed, but in the end it pays off. A renovated bathroom will not only add value to your home for potential buyers, but you will also receive a greater return on your investment. From design, planning, supply and installation, the full cost of bathroom renovation can range from 10k to 20k. If your home doesn't have enough bathrooms to accommodate the average family and some guests, you might consider adding another bathroom to increase the value.
If you absolutely need to remodel the bathroom in your Dallas area home, a mid-range bathroom remodel can generate a return of 72.7 percent. Even if you don't need to renovate your current bathroom, it may be best to explore adding a second bathroom. If you are considering a remodel or renovation solely to increase the resale value of your home, keep in mind that while 33% of realtors recommended a renovation to their sellers, only 4% of homeowners reported that it helped them close a sale. If you are exploring your options for what improvements you want to make in your home, renovating or adding a bathroom may be a good place to start.
Adding or renovating a full bathroom in your home will significantly increase the market value of your home. Whether you're gutting everything or replacing what you need, a bathroom renovation is the perfect time to think about how efficient the features you're using really are. According to the National Remodeling Industry Association, if a bathroom renovation is done right, homeowners will recover 50% of their investment. If your home has two or more bathrooms and everyone needs remodeling work, it makes sense to start with the largest and most used master bathroom.
For example, if you have a home with only one bathroom or a disproportionate number of bedrooms and bathrooms, adding an extra bathroom can be a smart decision. If you're skilled with common household tools, you can probably take on projects such as installing bathroom floors, laying ceramic tiles, painting walls, installing a bathroom vanity, adding a GFCI outlet, and even running bypass circuits. This may seem like a lot at first, but if you consider everything from concept to completion, there is a lot of work going on renovating a bathroom. A mid-range remodel is the only type of universally designed bathroom remodeling cost surveyed in the report, but it offers the highest return of any bathroom remodeling project.