Many real estate professionals will suggest a bathroom or kitchen remodel as a way to sell a home quicker and for more money. The problem is will the seller get a return on that investment? HomeAdvisor states the average bathroom remodeling project costs about $10,500 and can be as high as $25,000.
A major bathroom remodeling project may be so expensive it may cost the homeowner in the long-run. What most homeowners are looking for are relatively inexpensive bathroom renovation projects that offer a high return on investment. Here are some to consider, some can be done by the homeowner, others by a professional.
Paint and Wall Treatments
You don't get a much easier or less expensive upgrade than a fresh coat of paint. Consider selecting a wall to add some dramatic color and personality to the room. Since many bathrooms are smaller, adding a tile backsplash or accents can add appeal without a major investment.
Handicap Accessible Features
As we age, more accessible homes are becoming more in demand. Adding a taller toilet and handrails near the toilet and in the shower and tub are inexpensive ways to upgrade a bathroom that will likely pay dividends. A walk-in shower may be more expensive than a new toilet and handrails but it can also have a nice ROI.
It can be amazing what new, updated LED lighting can do for even a dated bathroom. This lighting is often a DIY project for those that are handy and will often simply replace existing lighting. For those in search of a big impact and a nice return on investment, consider new lighting options.
A whole new sink and vanity may not be in the budget but older bathroom cabinets can get new life by refinishing and a new coat of paint. Adding new hardware like soft close hinges and drawer and door pulls are well worth the time and investment.
Add New Bathroom Fixtures
While a complete bathroom remodel may not provide enough of a return on investment, upgrading bathroom fixtures is a good alternative for a more modern and upscale appearance. Avoid the temptation to overspend, however, because while fixtures will be noted, they are rarely a main selling point. A new vanity and shower faucet and an upgraded faucet head will likely make a positive impact.
Darken Grout Color
Over the years, bathroom tile floors can look worn. Replacing flooring, however, is expensive and may not pay a return on investment. One option for those with uneven or light colored grout between tiles is to color the grout in a darker shade. Darkening the grout can add drama, even out the appearance of even older tile and best of all, is an inexpensive refresh. It can make older tiles pop!
Take Advantage of Current Features
Before taking a sledgehammer to even a clearly outdated bathroom, it may be worth looking at it from a fresh perspective. While a homeowner may tire of a bathroom's appearance it may have some redeeming qualities. These are qualities that a new owner may actually find appealing. It can be worth getting the opinion of a real estate professional or decorator to help with remodeling suggestions.
Over-spending on any new Upper Mount Royal home remodeling project may help a home sell faster but there may be a price to pay. Look for projects that can be done inexpensively or that can be accomplished with a high degree of confidence in the potential ROI.