TOP 5 REASONS TO REMODEL YOUR BATHROOM
1. Remodeling your bathroom will Increase THE value OF YOUR HOME |
One of the biggest benefits to remodeling your bathroom is that it will increase the value of your home.
Not only will you get to enjoy an updated bathroom while you live there, but when you are ready to sell, a new, modern bathroom will practically pay for itself.
Ask yourself, "How important is the bathroom when I am looking at a house to buy?"
Odds are good that it is near the top of your list. It is the same for a potential buyer which means that when you are ready to sell, a new and improved bathroom will help your home sell faster and for a higher price.
Check out these numbers from Wintrust Mortgage as of 05/2020:
Universal design bathroom
Bathroom remodel
Resale value: $26,769
Cost recouped: 59.9%
Bathroom addition
Not only will you get to enjoy an updated bathroom while you live there, but when you are ready to sell, a new, modern bathroom will practically pay for itself.
Ask yourself, "How important is the bathroom when I am looking at a house to buy?"
Odds are good that it is near the top of your list. It is the same for a potential buyer which means that when you are ready to sell, a new and improved bathroom will help your home sell faster and for a higher price.
Check out these numbers from Wintrust Mortgage as of 05/2020:
Universal design bathroom
- Average job cost: $16,393
- Resale value: $11,581
- Cost recouped: 70.6%
Bathroom remodel
- Average job cost: $19,134
- Resale value: $13,422
- Cost recouped: 70.1%
Resale value: $26,769
Cost recouped: 59.9%
Bathroom addition
- Average job cost: $44,717
- Resale value: $26,769
- Cost recouped: 59.9%