How Much Value Does a Second Bathroom Add To Your Home?
Most people take on major home improvement projects to increase their property’s value. In particular, bathroom spaces are something that prospective buyers are looking for when they’re making a decision about whether to purchase a property or how much to offer you for it. So, how much value does a second bathroom add to these potential offers?
Pro Remodeling and Restoration, Inc. specializes in home additions in Tucson. Below, the team explains how a bathroom addition can impact home appraisal values.
Not All Bathroom Fixtures Will Raise the Home’s Value
You may think that installing a new half-bathroom will give your home the same resale value as a full bath. However, the projects aren’t equal to someone looking to buy your home.
Adding a second full bathroom to your home, complete with a toilet, sink, bathtub, and shower, could significantly raise the value of your home. A half bathroom that includes just a sink and toilet won’t have the same impact, though it will still have a favorable ROI (return on investment).
Consider Popular Updates To Catch a Homebuyer’s Eye
A bathroom remodel is one of the most popular home improvement projects, but you can improve your home’s resale value without tackling the whole room.
Do you have outdated tile floors? Give the space a facelift by installing newer, more contemporary flooring. Alternatively, updating your plumbing fixtures, like the shower or sink, can be just as effective at improving your home’s value.
Is a Bathroom Addition or Remodel Worthwhile?
How much value does a second bathroom add to your home? A study by Today’s Homeowner titled The State of Remodeling in 2023 revealed that an upscale bathroom addition could bring a return on investment of up to 64%. Still, your cost estimation will depend on the size and quality of the bathroom and your location.
You should also consider your personal goals. Are you looking to sell your home in the near future or make it comfortable for yourself and your family for decades to come? Are the bathroom fixtures due for an immediate upgrade, or could you delay the renovations?
Motivated sellers looking for the highest sale price for their homes may decide that this project is worthwhile despite the lengthy process they might face. However, even if you are planning to stay in your home, you can benefit from the new bathroom features now and still enjoy the increase in property value down the road.
A final thing to consider is the current real estate market. If homes are selling at higher-than-asking prices regardless of their condition, you probably don’t need to invest in a second bathroom.
Make Your Home More Desirable With Help From Pro Remodeling
How much value does a second bathroom add in a tougher real estate market? Whether you are wondering how long home additions take or planning your next home improvement project, Pro Remodeling and Restoration, Inc. can help. If you want a team with countless successful home addition projects in Tucson and decades of experience, call us at (520) 745-9769 today!