When looking to remodel your home it’s important to think about the space and make it functional for you and your family. Having the things you need or want may take a priority in your decision, but it’s also important to know if your project is adding or subtracting value to your home.
According to the National Association of the Remodeling Industry, if a bathroom remodel is tackled properly, homeowners should recoup fifty percent of the cost put into the project when reselling the home. The biggest factors to increase the value include updating worn-out items, modernizing fixtures, and creating a more functional space.
The Top 3 Bathroom Projects to Drive a Return on Investment:
Vanity – Though one of the costliest updates, a new vanity may provide the biggest return. Updating a vanity generally includes countertops, faucet, and sink. Currently, most homebuyers are looking for vanities that hit a comfortable height and have granite countertops.
- Flooring – New flooring is the most obvious way to update your bathroom’s appearance. Inexpensive flooring options such as porcelain, ceramic and vinyl, can be engineered to look like wood or stone while being waterproof and durable to all levels of moisture. For a little more money, you can also install radiant-heat mats underneath the flooring, which particularly appeals to buyers in colder climates
Tub/Shower – The current trend is to remove the bathtub and replace it with a larger, walk-in shower. Tubs – especially soaking tubs — are still a valuable option, though, so don’t remove and replace all the tubs in the home. If you are planning to update a tub, keep in mind that whirlpool tubs are on the decline, so installing one will not add much value.
The good news is you don’t have to spend a lot of money to see a big return on your home sale. In fact, an upscale remodel won’t always bring the same high returns as a low to mid-range one will. Consumer Reports recommends simple improvements like re-caulking the tub, installing new bathroom fixtures and adding new toilets over a full-blown remodel.
Keeping the Remodeling Costs Low
Materials – Keeping an eye on the cost of the materials going into your project can be a key contributor to keeping your costs low but increasing the value of your home. Be sure to consider the cost, durability and the warranty of materials being used.
Getting a Contractor
Hiring a reputable contractor may be the best use of your money. After all, we’ve all seen beautiful remodeling ideas be destroyed by poor workmanship. While keeping in mind that the cheapest option might not always be best, it’s important to consider the following when looking for and choosing your contractor.
Location – is the company nearby, or will you be paying for traveling time? The daily drive, fuel and moving of materials all add to the cost for your contractor that ultimately affect the price for your project.
Turnaround Time – will the contractor be able to accommodate your schedule and accomplish your remodel in the desired timeframe? Many contractors have a backlog of work that needs to be done, understanding the expectations for timeframes up front will be important.
Reviews – Doing an internet search may bring up reviews and comments on a contractor in your area. Previous customers may provide insight into your contractor’s workmanship, communication, and final product.
Thinking of remodeling a bathroom, kitchen or home? The professionals at Mammoth Restoration are ready to tackle your projects and help you get the quality you deserve for a reasonable price. Call us at 888-495-5211.