By the numbers, bathroom remodeling is a good investment. One report shows the typical bathroom remodel project in California costs $19,436 and increases the home’s resale value by $16,681. That’s an immediate 85.8% return on investment (“2015 Cost vs. Value Report”).
A less tangible, but very real return on investment is the way upgraded bathrooms exponentially increase the probability of a property selling in the first place. Homes without interior improvements sit on the market much longer and typically sell for thousands less than refreshed homes. This means homeowners who have invested in remodeling their bathrooms are likely collecting far more than the already solid 80 plus percent return.
Even homeowners who plan to remain in their property will enjoy real savings as a result of their investment since newer, drought-resistant bath fixtures can save hundreds of dollars a year. (That is not to mention the way these high tech products help preserve natural resources for the overall good of our world.) Furthermore, upgraded bathrooms increase the equity value of a home, giving homeowners an edge when it comes to financing options such as home equity and other loans.
There are other upgrades that can be done to an aging home, but bathroom remodeling consistently ranks near the top of the list when it comes to popularity and expected return on investment. Whether you are planning to remain in your property forever or sell it quickly the value of making improvements to that most necessary of rooms is undeniable!
“2015 Cost Vs. Value Report.” Remodeling. Remodeling Relevant, 2015. Web.
bathCRATE is Here to Help!
Are you ready to invest in your home’s future? BathCRATE can help! We have the knowledge, experience, and fixtures to help increase the value of your home and save you water without compromising your experience!
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Scott Monday is co-founder and CEO of kitchenCRATE and bathCRATE. Follow him on Facebook or Linked-In.
