Bathroom Remodeling ROI
Home owners are staying in their current home longer than anytime over the last 3 decades for a number of reasons. The stiff competition of available homes and falling prices makes it tougher than ever to get top dollar for your home - especially if there are areas of your home that are out of date or appear worn out. WIth that in mind the remodeling industry is holding strong and even growing in terms of annual revenue since 2005. Whether you are a DIY-er (do-it-yourselfer) or willing to pay professionals for there service and expertise, now is a good time to consider investing a few dollars in your home to make it more competative in the housing market should you choose to sell and to get more enjoyment out of it while you and your family still reside there.
The two areas that offer the most ROI in regards to home remodeling are your kitchen and bathroom (generally the master bathroom). Both areas draw higher returns for very logical reasons - they get used the most. There is nothing more satisfying than gathering with family and friends in the kitchen while everyone picks at the upcoming meal with their fingers and enjoys laughter and conversation. Also, there are few better ways to start each day than feeling relaxed and comfortable in your master bathroom as you prepare to head out into the workforce day in and day out. For these reasons and more your kitchen and master bath should be on the top of your list for remodeling projects. Of course if you have areas that are in real need of repair and lack the basic function they once had or should offer you need to address those issues accordingly. The recommendation and ROI received from kitchen and bathroom remodeling projects offers that wow factor and a certain level of comfort for would be house buyers that can walk into each space and say "This is nice! We won't have to touch a thing in here!" - putting them one step closer to pulling the trigger. This thought is playing on the emotion would-be house buyers will undoubtably respond with if they can see themselves comfortably living in each room of a home.
Focusing specifically on bathroom remodeling - after all we are a bathtub company - there are a couple of prelimenary things to consider. If you only have one bathroom in your home, it would be worth your time to contemplate adding an additional 1/2 to 3/4 bath to your floor plan. While the project may seem daunting, the logic is certainly understandable. No one likes to share a bathroom with everyone in a home and moreover the convenience an additional bathroom offers is something guests and home owners alike will benefit from. This same recommendation can be applied if you only have 1 1/2 or 2 bathrooms in a larger home. Example: if there are 4+ bedrooms and only 1 1/2 bathrooms space prohibiting you might consider adding another lavatory to your home.
Master bathroom remodels offer you the opportunity to add a sense of luxury to your home without necessarily breaking the bank. This is one area of the home that luxurious additions can be enjoyed and be worth spending on. Some suggestions include but are not limited to: whirlpool or air massage bathtub, soaking bathtub, radiant floor heat, walk-in shower, steam shower, seperate toilet room, towel warming racks, make-up counter, chromotherapy, granite countertops, decorative sinks, decorative faucets and fixtures. There are some amazing levels of creativety and comfort that can be applied to a master bathroom. Working with a professional and spending some time doing research in various online galleries, magazines, design showrooms and more can help ignite that creative spark you are looking for.
@ Andrew - How many bathrooms do you have now? Do you constantly find yourself 'needing' a bathroom in the area your wife wants to put one? How outdated is your master bathroom now? Send us some pics if you'd like us to take a closer look at the space.
This brings up some good points about what to spend on. Although now my wife wants to add a another bathroom while I want to fix up our master bath. Do you have any more insight as to how we can determine the best step for our home? Thanks for the article!