The bathroom is one of the most popular spaces for home renovations. While many people might commit to bathroom remodeling for cosmetic reasons, more often than not, a homeowner chooses to upgrade the bathroom of their home for two reasons: necessity and property benefit.
Those who do so out of benefit likely do not care about the advantages of the upgrade; they only want access to a functioning facility. However, the property benefits cannot be overlooked even when upgrading out of necessity.
Property Value Spike
It is a safe bet when investing in a remodel, the house will see a shift in valuation, and the shift is typically to the positive. However, some remodels do not earn enough in return to make the project worth it. A bathroom is not such a remodel.
The bathroom and the kitchen are the two places in a house where a profit or increase in equity is almost guaranteed. The primary reason for the certainty is due to the functionality and necessity of the spaces. The bathroom and kitchen use up most utilities in a home, meaning change to improve efficiency leads to a boost in property valuation.
Bathroom remodeling is known to reduce future expenses. It is not uncommon for bathroom fixtures and plumbing to experience leaks and other wear over time. By taking a proactive approach, a homeowner can eliminate many potential problems before they can amount to severe financial concerns.
Additionally, bathroom remodels can focus on environmental upgrades, taking advantage of technological advancements to help the environment and save money. Green faucets, showerheads, and toilets can help homeowners save money on utilities.
Before you opt for bathroom remodeling, be sure you are doing it for the right reasons. While a cosmetic upgrade is a decent reason it might not be enough to warrant a full-scale renovation, Talk to a licensed contractor to weigh all your options.