Does remodeling your bathroom increase home value?
The Importance of Upgrading Your Bathroom
Did you know that a bathroom remodel can benefit your home's value more than other remodeling projects? It's true! A midrange (or average) bathroom remodel has a national average return on investment (ROI) of 72.7%.
How much value is added to a home by adding a bathroom?
Is it worth remodeling a bathroom before selling?
The scope of the renovation is one: If you spend $2,000 to lay down new tile, your return may be only hundreds of dollars, while a full remodel will cost much more but put more money in your pocket when you sell. So it may make sense to do more than less, especially if your bathroom is old.
Which bathroom upgrades have the highest ROI?
What is the average ROI on a bathroom remodel?
Standard Bathroom Remodel
According to Cornerstone Home Lending, with an average spend for a standard remodel of between $15,730 and $18,546, you can expect a return on investment of anywhere from 64.8% to 68.4%.