When listing your property on the market, you obviously want to receive the highest price possible. While this is outside of your control, there are a number of ways you can prepare your property to increase the value of your home, increasing the sale price. One of these preparation methods is to renovate your bathroom.
Bathrooms can make or break a house. Most buyers are looking for something modern, practical and spacious. While potential buyers will probably be looking for a consistent theme throughout the house, the bathroom is the exception. While some may be chasing a rustic or vintage themed home, no one wants an old, run-down bathroom.
From a cosmetic facelift to a major restructure and renovation, there are many ways you can alter the look of your bathroom to increase the value of your home.
If you’re wanting to add value to your home by renovating your bathroom, here are 5 tips to keep in mind.
1. Add a separate toilet or additional bathroom
If you have the space available, adding an extra bathroom, or toilet, can add a lot of value to a home and is a great appeal to potential buyers. Having an additional bathroom or toilet could improve the convenience of the lifestyle of those who are living there. People want convenience, they want to save time, avoid problems. If multiple people are going to be living in the home, it would make sense to have more than one bathroom, to allow people to get ready in their own time, and not have to wait for other in the bathroom.
2. Update an existing bathroom
If you don’t have the space or budget to add an additional bathroom, you should definitely consider updating your existing bathroom. An outdated bathroom can easily be remodelled within the parameters of the space if needed. Decide if you need a new layout, or a refresh of the current design. Determining the work that needs to be undertaken will assist you in working out your costs and budget. That’s a whole other topic.
3. Be realistic about your budget
Completing renovations are a great way to add value to your property before selling, although you need to be careful and ensure that you’re being realistic about your budget for this work. Unless you’re a professional and qualified tradesperson yourself, you’ll need to hire professional plumbers and other trades to complete the work. While you want to add value to your home, you don’t want to drain the bank account to do so. Be realistic about what you can afford, set a budget and try to stick to that. Talk to real estate agents about valuing your property, and hire reliable plumbers.
4. Add a touch of luxury
If it’s within your budget, and you want to go the extra mile of attracting a higher market when selling, add a touch of luxury to your bathroom. You may do this by adding a spa bath, installing heated floors, including a double sink, installing a shower seat or adding more storage. Of course this will depend on your budget, space, and projected timeframe for the project.
5. Update fixtures
If you’re on a strict budget but still want to make an impact, there’s still a way to do this. Aside from cleaning and styling your bathroom, you can update the fixtures. You’d be surprised at the judgement of shower heads and other bathroom fixtures from potential buyers inspecting a property. Some people don’t want to have to put in the work to update fixtures, they want to purchase a home that they can move into and just start living. The range of shower heads and bathroom fixtures available on the market now can be overwhelming. Choose something that’s water efficient, or something with special features like a ‘rain’ option. This can add an element of luxury without the expense of renovating your whole bathroom.
New and updated fixtures means there are no leaks, and everything is secured in place, which is comforting for potential buyers. Leaks could spook potential buyers as it may cause them to look for deeper issues around the house.
If you’re planning on selling your home, the bathroom is an important room in the house that you can update to add value to your home. Whether if it’s a cosmetic facelift or a complete demolition and restructure, there are many ways you can update your bathroom to increase you sale price. Remember to plan ahead, which will help you stick to your budget. While you may be trying to save money with the project, sometimes you shouldn’t rely on a DIY effort. Call a local trusted plumbing team to assist you with your bathroom renovation to add value to your Newcastle home.