It’s likely that you won’t always get all of your money back on a bathroom remodel.
It’s a good idea to think about what kind of money you will be able to recover when planning a bathroom remodel. After all, homes are often the largest asset many of us own.
A remodel project’s value can normally be measured in a couple different ways.
The Truths of Remodeling a Bathroom
The remodel of a bathroom can raise the value of a home. When you sell your home, you will most likely not see as much return as you spent on the renovation project.
What matters in terms of value of you remodel should be how happy it makes you, and how useful it is.
There was a study conducted that displays the recouperation of investments over 30 different projects. It showcased recouperations in both average, and above average projects.
The amount of money that you will make from conducting a remodel will vary based on the fluctuating housing market. The reality is 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. The value is in how much you enjoy it since you won’t recover all of your investment.
What are the Most Important Remodel Items to You?
What would make your life easier?The following issues are primary motivators for most bathroom remodel projects –
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
Other hold value in some of the things that you do when it come to a remodel.
Think about the inmprovements you can make to your home as you think about a bathroom remodel. Instant enjoyment should be had when you finish a bathroom remodel. 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.
We have a checklist just for you at Schoenwalder Plumbing. At schoenwalder, one of our favorite things is to compile a list of design concepts for your new bathroom.
Schoenwalder Plumbing provides bath remodel services to Waukesha WI and Lake Country, including Hartland, Delafield, Pewaukee, Brookfield, Elm Grove, New Berlin, Oconomowoc and Dousman.
Get in touch with us if you are looking to redo your bathroom.