Modernising your home, or renovating is an excellent option when trying to increase the price of your home. A considered renovation can enormously increase the value of a property, especially for outdated houses with rooms that no longer serve the way we live now. Being considered in your renovation plans is the key to the best return on your money spent. Below are some key points to consider when you are trying to add value to your home.

Table of Contents

• Does renovating a bathroom add value?
• How much value does a renovated bathroom add?
• How to maximise value when renovating your bathroom?

Does renovating a bathroom add value?

When a buyer considers buying a property, the numbers of bedrooms and bathrooms are undoubtedly the most important criteria, this is because buyers are assessing whether your home will serve their needs. Bathrooms are an integral room for any household, they are a utility that is used many times each day, so their condition is heavy weighted in the buyers’ mind. A home with functional bathrooms is very appealing as they can positively impact their quality of life living in the space. This extra appeal could set you apart from the competition, and as a result increase the value and bidders on the market.

It’s also important to consider the design and function of bathrooms, different people have different needs. For example, for a family with little kids, a bathroom with bathtubs and handheld shower rails is certainly more appealing than just a twin shower. While for a young couple, a double basin vanity might be a favourable feature that will encourage them to pay more. So, it pays to do your research on the most likely buyers of your property type within your area so that you can maximise your renovation appeal.

Overall, there are many factors that will affect if renovating a bathroom will add value to your property. A well-executed renovation will certainly increase value of a house and benefit you as the seller with increased offers and more interest in the home during your selling campaign. Interest and competition put the seller in command of selling terms which could be a huge advantage for you when negotiating the sale of your home.

How much value does a renovated bathroom add?

Well designed and executed renovation can bring up the sale price of your home. However, there is no certain answer to how much exactly a bathroom remodelling will add to your house value, as the value will depend on the changes you include in your renovation, the way you did the renovation and the condition of your property. While it will depend on all the above factors, it is common that a bathroom renovation can add up to 10% to the value of your home value (data from PropertyNow.com). Riley Howe from LJ Hooker suggested that bathroom renovation has a potential return of $4 for every $1 spent, which sounds like a very high return on investment.

From the data on PropertyNow.com, bathroom renovation is one of the most common home improvement projects that can have a high recovery rate of 75%. Which means you will get at least 75% of the value out of your renovation when selling your home.

To maximise the benefit from a bathroom renovation, the approach you choose is vital to the amount of value you can increase.

How to maximise value when renovating your bathroom?

Bathroom renovation can be costly, so before you start, it is important to have strict budget control, realistic planning, and right approach to project management. Keep in mind the purpose of the bathroom renovation and stick to the plan to increase efficiency and maximise return on your investment. Depending on the target buyer for your property, you will need to set an appropriate finish standard, style, required fixtures, and budget to achieve the desired appeal but not overspend or overcapitalise on your renovation. This can only be determined by doing your research on what potential buyers are looking for.

Set a budget for your bathroom renovation

To avoid spending too much on your bathroom remodelling, it’s important to do your research, and set an appropriate budget. To ensure you deliver the renovation within budget, meticulously keep tracking expenses all the way so that you ensure you are not spending more than you have set aside. In Australia, the average spending for a complete bathroom renovation is around $17,500 (data from PropertyNow.com). If you don’t have a budget on paper, this number can easily be a lot more. Therefore, a realistic budget to follow is integral to increasing the value of your home without investing too much.

DIY and hiring the right tradesperson

DIY renovation is a good choice when working within a tight budget. There are many things you can do by yourself such as demolition, painting, tiling, and bathroom vanity installation. However, when it comes to complex work such as moving plumbing, installing a bathtub or waterproofing, it is inevitable that you will need to ask professionals for help. Besides in Australia, legally there are restrictions on the certain types of DIY renovation work such as electrical, plumbing and installing shower screens. In this case, choosing the right tradesperson that fits your project and budget is essential. Get several quotes to ensure you are not spending too much on your renovation trades and labour.

Planning the bathroom renovation layout

When the bathroom has a well-designed layout that makes the bathroom easy and convenient to use, it will positively affect the value of the property. It’s important to refer to the potential buyer of your home to determine the best layout to suit their lifestyle. It’s vital to measure your bathroom carefully and design a practical and easy-to-use layout before you start the project. You can discuss your plans with an experienced tradesperson, or an instore sales consultant to gain practical advice on the possibility of achieving certain ideas in your mind. A well-planned layout integral to the success of your bathroom renovation, so don’t overlook it.

Choosing the right products and materials

Depending on the potential buyer you are trying to attract, alongside the budget you have set, they will determine the type of products and fixtures to use in your bathroom renovation. As a general rule, the value of the bathroom renovation should be set based on the value of the home, if the house is in an elite neighbourhood, then you will be expected to include high-end fixtures. On the flip side, if your home is targeted at first home buyers and young families, then you will be looking to make a designer impact on a budget.  At Fontaine, we offer a wide range of value-for-money bathroom products with high quality, trendy and modern design. Browse our website or visit our showroom to source great fittings and fixtures for your bathroom renovation.

If you find this guide helpful, don’t hesitate to start planning for your bathroom renovation. Share your projects with us on social media, we’d love to see how it goes! Feel free to contact us anytime when you need fixtures and fittings for your bathroom renovation. 

REFERENCES

Riley, H. (2022, May 2). How Much Value Does a Renovated Bathroom Add To Your Home. LJ Hooker. https://www.ljhooker.com.au/blog/latest-blog/october-2019/how-much-value-does-renovated-bathroom-add-home

How Much Value Does a Renovated Bathroom Add? The PropertyNow Blog. https://www.propertynow.com.au/blog/how-much-value-does-a-renovated-bathroom-add/

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