Bathroom Renovation ROI | What Homeowners Should Know
It’s a fact – great bathrooms (and kitchens) sell houses. An updated bathroom is often a make-or-break item on a buyer’s wishlist. Starting over for a stunning presentation during your first open house may be the way to go if you have the time and money, but then again, it may not. Statistically speaking, this approach doesn’t tend to return a viable return-on-investment, unless yours is a house-flipping situation. Gutting and redoing an entire bathroom is not only time-consuming, but also costly.
Luckily there are quick fixes/upgrades to bathrooms to undertake before a sale. Your ROI is likely to be higher on a more tame renovation versus a luxury overhaul. With some tasteful design choices and some sweat equity, you can have your bathroom open-house ready in no time. Let’s explore the best ways to get you a maximum ROI on your bathroom remodel:
Value Adds
Certain fixtures and features are likely to get you a better bang for the buck on your investment than others. For example, walk-in showers with glass doors instead of a tub and shower combo can make any bathroom feel high-end. If there’s room, opt for two sinks. In this economy, always install energy-efficient, water-conserving faucets. Besides being better for Earth, utility costs have skyrocketed recently. Ceramic tile flooring or composite woods, while not easy to lay yourself, is not as expensive as you’d think. Even at the lower-cost end of the market, vinyl reminiscent of 50s linoleum is an immediate turn-off. Composite or faux wood flooring is low-maintenance, durable, and adds an overall polished look. Lastly, don’t get too carried away with your color palette – soft neutral tones will suit most buyers and give the space a spa-like feel. For the finishing touch, splurge a bit on faucets and shower heads or shower systems. Pioneer, Olympia and Central Brass faucets are all created to save time during install (helpful even if you hire a plumber). Your potential buyers will notice quality bathroom faucets and fixtures. After all, faucets and shower systems are a bathroom’s focal point. Let them wow!
Market Standard
Carefully considering the market you are selling in should also play a critical role in your design choices. What are buys looking for in your area? What are their expectations, wants and needs? Focus on renovating to the industry standard in your area. If most other homes that are listed nearby all have marble (or similar) countertops, that will be the expectation of buyers in your area. Market research allows you to find the market standards for your neighborhood, and focus your budget accordingly. This will yield the best possible ROI.
First Impressions
Because updated bathrooms are often high on a buyers priority list, they tend to be one of the first areas toured during showings and open houses. A modern bathroom with a neutral color palette leaves a lasting impression. Buyers will know that your home is move-in-ready and hassle-free. Even updating small details like cabinet doors, drawer pulls and mirrors (or frame the mirrors you already have) will transform the space. Other non-invasive and lower cost renovations to consider are updating faucets, light fixtures and towel rings and rods. Even without a contractor, there are many upgrades that leave a fantastic impression on prospective buyers.
Fixtures to the Rescue
Faucets and fixtures are often one of the first items inspected when entering a bathroom – the centerpiece, if you will. They’re key design elements for upgrading not only the visual appeal of your space, but the functionality. New and well-maintained faucets and fixtures are an indicator to buyers that the space is clean (we can’t emphasize this point enough) and well-cared for. Many buyers are also looking for water efficiency and environmentally friendly faucets and fixtures to lower utility bills and their environmental footprints. Check out the Pioneer Single Function Rain Showerhead for an eco-friendly low-flow, high-power option. Buyers may also be looking for touchless faucets for the convenience – check out the Central Brass Three Hole Deck Mount Electronic Sensor Faucet for a great hands-free option. Lastly, consider the finish of the faucet – buyers look for easy-to-maintain and durable materials, preferably with a strong UV coating. Take a look at the Olympia Single Handle Lavatory Faucet for a wonderful option.
Wrapping it Up
Bathroom improvements have great ROI when done properly. Thoughtfulness and strategy will guide you – it’s possible to get an impressive lift in price on a smaller budget, while still meeting market standards. Comparing nearby homes, opting for timeless colors and styles, as well as adding features known to add value, will be your guide for the best possible ROI. Remember, a smart renovation isn’t always the most expensive. Instead, invest in the areas you know will yield the best return on your home investment.
Pioneer, Olympia and Central Brass
As a trusted supplier of faucets and fixtures for over 100 years, Pioneer, Central Brass, and Olympia are here for you. Embrace the benefits of quality, availability, and speed by partnering with Pioneer, and enjoy the peace of mind that comes with knowing your project is in good hands. Transform your project with these beautiful and exceptionally durable faucets and accessories. All are backed by a best-in-the-industry warranty, are easy to install, and will stand the test of time.
We’ll Save You Money and Time
There are many ways to the same destination. This saying applies to multifamily housing builds just as much as to anything else in life. The ultimate goal is save as much money as possible while delivering a great finished project – that’s simply showing smart business sense. But, finding a one-off deal or sacrificing quality isn’t the only way to get a healthy ROI. We have a better way.
Pioneer works with professionals every day to develop specification packages and plans that save our valued partners both time and money, sometimes in surprising ways. It’s our goal to ensure your project meets or exceeds its expected outcome. We want to get to know you and your company and show you how we can save you money. Please reach out via our website form or call us at (800) 338-9468.
Our Top Product Choices for Bathroom Upgrades:
