11.07
2023

The value of bathroom renovations to overall property value

Bathroom Renovations SydneyIf you’re looking to increase the value of your property, the bathroom is one of the most important rooms to look at. Buyers see value in a bathroom. They understand it’s a high-traffic area of the home that should look great and function well.

While other areas like an overgrown lawn or rickety floorboards are fairly low-cost fixes and can be often overlooked, an outdated bathroom carries much more weight when buying a house. Buyers either see it as a reason to pay more or dismiss the property entirely. Depending on the quality of the renovation, a renovated bathroom can add up to 10% to the value of a property.

Although it can be an expensive project, the bathroom is one of the most profitable rooms to renovate. According to LJ Hooker, owners can potentially get $4 for every $1 spent on renovating the bathroom, if done right. While it can be expensive and scary to invest time and money into, there are ways to conduct successful bathroom renovations that see a return.

How to get the most out of your bathroom renovationBathroom Renovations Sydney

To get a good return on investment, keep the costs of your bathroom renovation to 1.5-2% of the property value. Of this figure, 50% should be spent on labour and 50% on materials. Of course, this budget will change depending on whether you want a simple, minor or major renovation so ensure you know exactly what you want and how much you can afford to spend on it.

To add more value to your home, make sure you consider your target market. Will heated flooring or towel racks add extra value in the eyes of your buyers? Will you need the ultimate spa-like luxury bathroom? Will you need to reconfigure the whole layout?

In general, shiny surfaces are perceived as having a higher value than matte or satin surfaces. Other features that are perceived as luxury include stone counters with vessel sink vanities, free-standing bathtubs, herringbone pattern tiles, and frameless glass shower doors. Other than aesthetics, buyers often look for practicality. Ensure that in your renovation, you upgrade to water-efficient showerheads and provide sufficient storage.

With DIY renovations, you can save money but might be limited in design prospects due to waterproofing and water fixtures. You also need to be honest about your abilities. If you cannot do a good job with things like tiling, regrouting, or swapping out fixtures, you might be lowering the value rather than increasing it. Investing in a professional is a smart choice. Not only can they do the job to a high standard, but they can also do it quickly.

Sydney Premium Plumbing provides professional bathroom renovation services to help you increase the value of your home. With our experience, we’ll deliver what you want with the highest quality workmanship. Enquire about our bathroom renovation services today.