When considering a bathroom remodel, it’s reasonable to think in terms of what return you might have when you sell your home. After all, homes are often the largest asset many of us own.
The value of most bathroom remodeling projects have both subjective and objective measures. And, depending on the homeowner’s perspective, the appropriate measurement of the value of a remodel can vary greatly.
The Reality Of A Bathroom Remodel
Practically speaking, any bath remodeling will increase a home’s value. However, the cost of a home improvement will almost always be more than the return upon resale.
A national study – the Cost vs. Value Report – published by Hanley Wood, LLC shows the return on investment of over thirty different home improvement projects. The report includes the return on an average and an upscale bathroom remodel.
The return on investment dollars with bathroom remodeling will fluctuate as home prices rise and fall. The reality is that there’s no guarantee your investment will have a return at all. With that said, the 2015 Cost vs. Value shows a mid-range bathroom remodel will return 69.3% and an upscale bath remodel will return 59%.
The result is our advice – if you are planning a remodel, focus on what you need. Consider your enjoyment of the changes and how much more livable your home will be. Even though you can recover some of what you invested, the real value you receive is in your daily living.
What Will You Value Most With A Bathroom Remodel?
Think about what you need? Consider what have you always wanted? The following issues are primary motivators for most bathroom remodel projects –
- Improving utility
- Improving enjoyment
- Updating old fixtures and floor plans
- Upgrading present fixtures and floor plans
- Adding accessible design and fixtures
- Your needs have changed – however, you like where you live or have high home equity
Others Value What You Value In A Bathroom Remodel
As you consider a bathroom remodel, consider how you can improve your home. A bathroom remodel should provide immediate enjoyment. Whatever you invest will pay immediate dividends and when you do sell your home, there is a great chance whomever purchases it will value the upgrades and changes.
Schoenwalder Plumbing has a bathroom remodeling ideas checklist designed to help organize your project. We are looking forward to creating a list of design ideas to help your remodel fit your needs.
Schoenwalder Plumbing provides bath remodel services to Waukesha WI and Lake Country, including Hartland, Delafield, Pewaukee, Brookfield, Elm Grove, New Berlin, Oconomowoc and Dousman.
Please call us at (262) 542-7908 or email us and our professional team will help you with your bathroom remodeling project.by introducing a wide array of bathroom remodel ideas in Waukesha WI.