How your bathroom can add value to your home
If you’re looking to sell your home, you may think there’s no point replacing or renovating any of the rooms as the new owners will take care of it. However, if you have the time and money available, there are certain areas in the home that it pays to upgrade before putting on the market. In fact, your dated bathroom could be costing you thousands in resale value. So, what can you do with your bathroom to add value to your home?
Three Ways A Bathroom Can Add Home Resale Value
- Conduct a bathroom refit
A new bathroom can add 3% to the value of your home. However, this doesn’t need to cost you this much to do. A bathroom refurbishment doesn’t necessarily mean a total gutting unless your bathroom is particularly dated. Instead, add new taps, power shower, and shower screen can make your bathroom look brand new and shiny. Depending on the bathroom cabinetry, these can be left, painted or replaced as necessary.
- Add an en suite
By increasing the number of rooms and features your home has, it becomes much more functional and therefore, more profitable. En suites are a major trend and a great way to add value to your home. Don’t think you have the space? Many manufacturers offer bathroom fittings that have been condensed to suit a small en suite, so you don’t need to lose too much of the bedroom in order to fit a small bathroom or WC.
So, is it worth removing some wardrobe and bedroom space for an en suite? Research suggests a typical four-bedroom house can be worth up to £20,000 more than an identical home without an en suite.
- Downstairs bathroom
Adding or upgrading your downstairs bathroom not only adds value but can attract a larger number of viewers, especially as a downstairs bathroom can be incredibly useful for older generations that are looking for homes that offer the option of single-level living. Furthermore, with an increasing older population, a downstairs bathroom is something many come to expect when house viewing.
A downstairs bathroom can add serious value too. Typically a 5% increase in value. In London, this can equate to an extra £30,000 on the sale price while in the rest of the UK the average increase is £11,304. Not bad, when you consider the cost of adding a downstairs bathroom is around £2,500.