Bathroom remodeling is among the priciest home improvement projects you can take on. You should spend enough time conducting a study before committing to pursue the endeavor. Once you‘ve decided to go ahead with it, a thorough plan is in order followed by a perfect execution to ensure everything goes well without a hitch. The cost of bathroom remodeling renders the project critical. You wouldn’t want your major investment wasted on a shabby bathroom remodeling that doesn’t provide you the benefits you expect.
When Should I Have a Bathroom Remodeling Project?
The bathroom is one of the most important rooms in your home and is essential to your family’s health and comfort. It is time we give it the attention it deserves. Here are a few reasons for you to consider bathroom remodeling.
You wish to improve the safety of your bathroom.
The National Floor Safety Institute reports that falls are the leading cause of accidental injuries and result in more than 20% of emergency cases. The reasons for these accidents are slippery bathtubs, showers, and flooring making the bathroom a dangerous place. Safety should be top of mind for homeowners when contemplating bathroom remodeling. You can add a walk-in tub, walk-in shower, hands-free faucets, grab bars, and other accessories that can help prevent injury and make your bathroom a safer place.
There are plumbing issues in your bathroom.
Some major plumbing issues may be the cause of leaks, clogs, mold, mildew, wet, slippery surface, and more. Some of these concerns may have originated from botched plumbing jobs and neglected and outdated plumbing systems. In such cases, bathroom remodeling may be necessary to keep you and your family safe.
You want to enhance the room’s functionality.
One of the most important reasons to consider bathroom remodeling is limited space, limited storage, or a nonfunctional layout of the bathroom. You can do a lot of cost-effective and simple adjustments to maximize the space you have and make your small bathroom more functional.
You wish to save on utility costs.
If you’re looking to cut utility costs from your water bill, bathroom remodeling may just be the right solution. Modern fixtures such as water-saving toilets, faucets, and showerheads on the market can help you dramatically cut down on water use, which leads to significantly lower utility costs.
Your bathroom’s look is outdated.
A lot of innovations that could let you enjoy spending time in your bathroom have been introduced in the market recently. If your bathroom is so outdated that it no longer reflects your style or could use some modern features, a bathroom remodeling may be a timely decision.
You want to increase the value of your home.
If you want to increase the overall value of your home or you’re looking to sell your house, bathroom remodeling is one of the most cost-effective home improvement projects you can do. According to Zillow, every dollar spent on mid-range bathroom remodels, particularly in older homes, typically results in a $1.71 increase in home value.
So, Bathroom Remodeling Worth It?
Bathroom remodels are generally worth it. According to House Method, a website that provides expert guides, reviews, and practical resources to homeowners, you can expect a return on investment upon resale of roughly 60% for an average full bathroom remodel that costs $26,574. This amount translates to about $15,944. The 2022 study also reports that in all 50 states, an average bathroom remodeling increased a home’s resale value by more than enough to pay for the remodeling.
Many factors contribute to the expected ROI including the scope of the renovation and geography. Since costs vary from place to place, you could spend a lot more for the same result depending on where you live, lowering your return. In the House Method study, a list of the states where the value of bathroom renovations increases home values the most and the least are listed. For example, Maine with an average bathroom remodeling cost of $25,517, provides an ROI of 89% while Kansas with an average bathroom remodeling cost of $23,913 brings an ROI of 43%.
Are bathroom remodels worth it? Putting it simply, the answer is yes with the caveat that it is not a matter of spending as much as you can afford but weighing things up wisely to optimize your return. 215Mercury is a professional service provider for bathroom remodeling. Contact us to find out how we can work together to create the bathroom remodel of your dreams.