Monday, 24 March 2014

Putting Your House On The Market? How A Bathroom Revamp Can Increase Value



Now that you have decided to put your home up for sale, you want to make sure you get the best return you can on your investment. Often, one of the best ways to do this is to renovate. The two rooms most likely to add value to your home are the bathroom and kitchen as they are used most frequently. If you have to choose between the two, usually the bathroom is the best option.

This article will explore the factors to take into consideration when giving your bathroom a revamp:

Market

Do your research and take into account the value of your home in relation to others on the market in your neighbourhood. If at all possible, take a look around inside, especially at their bathroom and ask yourself how does yours compare? Also, compare houses and see what makes one house worth more than the other? Perhaps one has a recently reconditioned bathroom, whereas the other doesn’t?

Budget

Bathrooms will often require structural as well as cosmetic improvements. Thoroughly inspect the condition of all plumbing, surfaces and fittings. Prioritise things like rising damp, leaks and broken tiles. Then decide if you have the ability to do the work yourself or hire a professional. Remember to keep your bathroom renovation costs in line with the overall value of the house.

Quality

Avoid poor workmanship and cheap products. You are better to do less and make it top quality than do more and have it look substandard. It will give prospective buyers a lower opinion of your home and make them less inclined to buy it. Even if you are on a very tight budget you can at least add quality taps, showerheads and possibly replace the shower door or toilet seat.

Size

Take into account the size of the bathroom compared to the size of the house. If your bathroom is currently quite small, consider a home extension. As this will increase the house size, it will also help to increase the resale value. You could also reduce the size of adjoining rooms but only if this doesn’t greatly affect their function.

Functionality

Bathrooms need to be practical and to make efficient use of the available space. Everything needs to be accessible. Simply replacing the cabinetry with better storage and shelving options can make a big difference to how buyers perceive the room. Adding more natural light by changing the windows or adding a skylight could have a very positive effect on the sale value but check that the cost doesn’t eat up all your profit.

Style and Taste

The general tone and style of the bathroom should be relatively consistent with the rest of the house. Add interest by using feature tiles, alcoves or shelves for plants or use creative splashes of colour.

Overall, a bathroom revamp could be the biggest factor in putting more money in your pocket when you sell. However if you are going to do it, be sure to do it well.

Author Bio: Hannah Scott often writes about topics related to house renovation often exploring showers, bathrooms and kitchens

No comments:

Post a Comment