When buyers tour homes for sale, they're taking a close look at the bathrooms. For some, the sheer number of bathrooms in a home is criticalthey must have a master, a family bathroom (full bath) and a half bathroom (powder room) for guests. So, you might be adding another bathroom to your home before selling time to appeal to the type of buyer who is looking at homes like yours.
But how much should you spend?
"I tell clients if you do a complete gut of a bathroom down to the studs and rebuild from the ground up, you are going to spend $14,000 to $20,000, depending on what [features] you put into it," Perrin says.
Is that too much? "The kitchen and bathroom sell a house," says Ken Perrin, president, Artistic Renovations, Cleveland, Ohio. "And most people buy the most expensive home they can afford. So they don't want to buy a house with a kitchen or bathroom that need to be worked on. That emotional tie is with the house where the kitchen and bathroom are in good condition."
Ultimately, you want buyers to envision themselves in your bathroom. But you should enjoy the space while you're living there and include the fixtures and features that will make the bathroom comfortable for your lifestyle. "Too many people say, 'I want to move, so I have to remodel my bathroom,'" Perrin says. "Then they immediately sell their house. Do it and enjoy it, and if you do it well and it's quality workmanship, you'll get your money out of it because the house will sell."
Think about your "wants" for your bathroom renovation. Also realize, since you need to get a nice return on investment on this project come home-sale time, you must set priorities based on what sells a bathroom. Keep in mind the cost of every component of the project plan. For instance, can you get away with refreshing the look of cabinets by replacing hardware rather than tearing out the whole structure? Do you need a brand new vanity sink, or can you update the faucet and give the space a more contemporary feel?
From tile to the plumbing fixtures, get tips for where to invest money and where to cut back.