Bathroom Remodeling Projects with a High ROI | Chevy Chase, MD
The return on investment (ROI) of your bathroom remodeling project is not a big deal when you schedule the project to benefit your family and you intend to remain in the home for a good five to 10 more years. Yet when you are upgrading the home’s look with an eye on selling the property in the near future, it makes sense to limit your expenditures to the types of remodels that pay you back the most. What are they?
- Middle of the road upgrades. This bathroom remodel passes by the whirlpool tub in favor of porcelain-over-steel tubs. It is not the cheap model, but it is not the luxury edition of tubs either. Sticking to the middle of the road with respect to hardware, fixtures and tiling results in a higher ROI than going for the luxury editions that a future homeowner may consider “over the top” and in need of replacement.
- Stay traditional. Wood cabinets never go out of style. In fact, homebuyers like it when you opt for higher-quality wood. The details of the hardware matter, too. Brushed aluminum is always a nice touch. The trick here is to bring elegance to the space without overpowering it.
- Beware of trends. Talking to an experienced home remodeling expert in this setting makes sense. If you are thinking of upgrading the home with an eye on a quick sale, the installation of a trendy walk-in shower that takes up a good bit of space can make a lot of financial sense. If you overstay the longevity of this trend, you are less likely to recoup your investment once you do sell.
Bathroom remodeling is one of the home renovations that offer you an excellent ROI. As noted by the number-crunching experts at Hanley Wood Media, a mid-range bathroom remodel project will allow you to recoup about 77 percent of the cost you spend.
On the other hand, if you do decide to pull out all the stops and go for an upscale remodel instead, you still recoup a respectable 65 percent of the money spent. If these figures have you thinking that it might be time to upgrade your bathroom, contact us for more information on this home remodeling service.