Home improvement projects often fall into three categories: bathrooms, kitchens and enhancements for curb appeal. While each of these has its importance to increasing the resale value of your home, many basic elements and features are often overlooked, such as the information gathering phase.
Here are a couple of quick reminders to jump into before you drop even a few hundred dollars on your bathroom project.
How much does a bathroom renovation cost & what’s the ROI?
A complete bathroom remodel or renovation costs anywhere between $2,500 for a small bathroom or average bathrooms with moderate updates, to $25,000 for larger bathrooms or bathrooms with more in-depth requirements. If you happen to have an expansive or luxury bathroom, you may see price tags between $30,000 and $50,000 for a full overhaul.
Taking on bathroom home improvement projects, however, can give you nice returns on your investment (ROI) of around 60% to 65%. Modernizing areas such as the wall tiles, floor tile, bathroom layout, shower enclosures and other essential facets can start the drive to increasing your home’s resale value.
You may also want to ensure the existing plumbing and electrical systems are up to spec as well, as to not detract from any efforts you’re putting in to upgrading your home
What else is all the rage in bathroom projects?
Your bathroom remodeling project doesn’t have to stop with bathroom fixtures or a walk-in shower. In fact, a few other nice-to-haves are heated floors, glass doors and stylized marble countertops for a distinguished aesthetic. You may also want to try adding a modernized medicine cabinet or free-standing tub if you want to go for a more rustic feel.
Regardless of your stylistic choice, be sure to incorporate some elbow room for occupants of your bathroom when they opt to use it, or you may have more of a bath closet instead of an entire room.
Bathroom remodeling ideas can start anywhere, but these basics will help you get more in touch with what your remodeling goals are and how you can begin the process of bringing them into your bathroom design.
About the Author
Kyung Kim
Hi, I'm Kyung Kim. I immigrated from South Korea to the United States in 1968 when I was 7 years old. I have seen my mom struggle with the English language and work hard to raise her four kids by herself. Still to this day, I don't know how she pulled it off, but she bought her first home in 1979 for $70,000 and because of that decision, she was able to live without worrying about her financial future. I want that for everyone, to feel the pride of home ownership and to build their financial wealth using real estate as part of their financial portfolio. I feel so blessed to play a small role in helping others reach this goal.
I live in Beaverton with my husband, Richard. My mom, who lived with us for several years, passed away in our home in February 2022. Her first home purchase in 1979 made it possible for her to live to the very end, without worrying about her finances. As of August 2022 with a little downpayment assistance, our four children own their own homes. Being in real estate, I quickly realized that if they didn't buy now, they may be priced out of the market in the future. Whether that would have been the case, we will never know, but what we do know is that they are all realizing some good, healthy appreciation in their home values.
As passionate as I am about people owning their homes, I'm also passionate about giving back to our community. I support Compassion First, a non-profit organization that provides aftercare for sex trafficked girls in Indonesia. My husband and I also feel called to financially support social injustice organizations.
I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.
