When homeowners consider renovating their house it can be for two reasons: one, they want to enjoy it more, and two, they want to add value to their property. One of the most popular choices for adding value to your home is adding a new bathroom or bathroom renovation. If you’re thinking of renovating or adding a new bathroom, we’re here to help you figure out how much it will cost and give you a couple of renovation ideas.

Adding a new bathroom

Home improvement projects greatly increase the value of a property and can recoup up to 60% of the cost. The cost of adding a new bathroom depends on the ideas you’re recreating, but it will surely increase the value of the home. If you have a space that you don’t use, it’s wise to turn it into a bathroom, since many people love having more than one or two bathrooms in the house.

A smaller bathroom can be added with 3 m² of space, meaning almost any home can accommodate a second or third bathroom. Places like the basement area, a walk-in closet, under a staircase, and many more, are perfect for adding a new bathroom to make your life easier and add value.

According to the National Association of Home Builders, adding a half-bathroom increases the value of an average home by 10%, and adding a full bathroom boosts the value by 20%. On the other hand, converting a full bathroom to a half one adds about 9% of home value. Note that these percentages remain roughly the same, and have held for several years.

Remodeling a bathroom

Renovating your bathroom can also add value to your property. The best way to know how much value it would add to your home you might want to consult with a remodeler or appraiser to give you an estimate of how much it will cost. If you want to tackle a couple of updates or want to renovate the bathroom on a budget, look for renovations that pull in the highest returns.

This will help you distribute your funds to the areas that pay off, and help you prioritize your project tasks. Here are a few ideas for renovating your bathroom that can help add value.

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Plumbing fixtures

Adding new plumbing fixtures will make the entire space look new and modern. Note that swapping out things like showerheads and faucets don’t have to be expensive, just make sure you pick fixtures that complement the rest of the bathroom. Even if you decide on modern ones, pay attention so it matches the rest of the colors in the bathroom.

Flooring

If you’re looking for a bigger change, then upgrading the flooring is the best way to go. The average floor tiling cost per m² is about £20 - £35, depending on the size of the bathroom, and is usually more expensive than wall tiles. If you decide to fully tile the walls and floors of your bathroom then the cost would be around £700 - £800. Also, you can add underfloor heating to add more value to your bathroom.

Energy-efficient update

Like other things in the house, adding more energy efficiency into the bathroom will be good for your home’s resale value. Things like toilets, sinks, and showers can be optimized for low flow, using less water and saving more on your water bills. So, when deciding to make changes to your fixtures, make sure to go for the picks that promise to use energy.

Add a fresh coat of paint

Although it sounds so simple, adding a fresh coat of paint can make a big impact on the overall look of your bathroom. This is also convenient for bathrooms that show signs of mold or other types of water damage. This is also a great DIY project, which will help you save on labor costs. You can choose a neutral color that gives a more widespread appeal or choose a modern style paint color to make it pop out.

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In closing

There are many ways one can increase their home value by renovating or adding a bathroom. For those who have space, a bathroom with a tub or a shower stall will significantly increase the value of the property. If you’re limited with space, then a half-bathroom will give a considerate increase in the resale value. But, bear in mind that not all of the increase in value is because of an additional bathroom. You can choose to renovate your already existing bathroom so that it looks new, modern, and will add value to the entire place.