Are you looking to move to a bigger house or do you want to downsize? If you’re putting your current home up on the market, there’s no doubt that you’re going to want to get top dollar. There are a lot of factors that will impact the amount of money you can expect to make on the sale of your property. Market forces are one of the most significant factors. However, there’s another element that will most certainly influence the price you can get: the bathrooms. In this article, we cover whether or not you should update your bathroom before you put your house up for sale.
Bathrooms are one of the most important spaces in a house. The bathroom is where you start and end each day. Not to mention, the bathroom is a spot where people visit multiple times throughout the day. A bathroom should be an inviting space that evokes calmness and respite. If your existing bathroom is in shambles, or outdated, you might want to seriously consider giving it a makeover. Why? If your bathroom is lackluster or dank and grimy, there’s a good chance that it could have a negative impact on the amount you can expect to make from the sale.
Depending on the extent and the cost of the renovations that are needed, remodeling before you sell may not be a worthwhile investment.
So, should re-do your bathroom before you put your house on the market, or should you just leave it as-is? The following questions will help you decide what to do.
The housing market ebbs and flows, and can vary significantly from one region to the other. In a hot market, houses are selling almost as soon as they go up on the market. As a result, renovating your bathroom before you sell may not be necessary. In this type of market, there’s a good chance that you’ll get near or above asking price offers, regardless of the condition of your bathroom.
If, on the other hand, the housing market in your local area is slow, then renovating your bathroom before you list the property may be worth your while. In a buyer’s market, there’s a good chance that you’ll end up competing with other sellers. In order to make your house stand out from the crowd and get a better price, a bathroom renovation can certainly be a worthwhile investment.
The current state of your bathroom will also help you determine whether or not a renovation before selling would be worth your while. If it’s dull, dank, and broken down – a place that you’re embarrassed by – then yes, you should definitely consider giving it a facelift. If, however, it’s a bit outdated but in relatively good condition, leaving the bathroom as-is may be a better choice. This will not only save you money, but it will also give the buyers a chance to put their own stamp on the space.
Lastly, you’re going to want to consider the cost of the project. Bathroom renovations can vary widely in price. According to remodeling experts, the average cost of a midrange bathroom remodel is about $20,000. This price is estimated for a bathroom that measures around 5 feet by 7 feet. For an upscale renovation, the average price is about $60,000. Consider the amount of work you want to put into the bathroom and consult with a realtor. A more simple solution may be to have a customized BathWraps installed. The tub-to-shower conversion adds convenience and safety that will appeal to potential buyers. A real estate agent will be able to let you know what type of return on investment you can expect to see if you decide to go forward with the renovation.
Should you update your bathroom before you put it up for sale? The answer is: it depends. Consider the questions above and you’ll be able to determine whether it’s a worthwhile investment or better left alone.
Additional Reading: Which Home Improvements Pay Off?
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Whether you want a soaker tub surrounded by subway tile or a low threshold shower with granite-like walls, you can totally customize your BathWraps space and even add accessories like soap dishes, caddies, seating, grab bars, and more Contact us today.