When people get ready to sell their homes, they often start wondering if making a few renovations could help them sell their homes for a higher price. The short answer is that yes, it could help you sell your home for more money – but would the increase in price be more than you spent on the remodeling project? Read on for some advice on remodeling bathrooms to sell homes, and then contact Berkshire Hathaway HomeServices at (310) 373-0021 for more tips for home sellers.
The Cost of Remodeling a Bathroom
Of course, the cost of a home’s bathroom remodeling project will depend on various factors. That said, the National Association of Remodeling states that the average cost of a bathroom renovation costs about $35,000, or $875 per square foot. This includes creating floor plans, demolishing the old bathroom, updating plumbing and electrical, painting, wall and floor installation, new appliances, and more.
Less Than a Full Remodel
The above average refers to a remodel in which you tear out the entire bathroom and start over, but it is obviously much more affordable for less than a full remodel. For example, adding a new toilet and tub is not generally very expensive, and you can add things like wall sconces, vanities, and mirrors to make the room look brand new. Partial remodels average between $3,000 and $10,000.
How Much Will You Recoup?
If you are thinking of renovating your bathroom specifically so that you can sell your home for more money, then the practicality of doing so depends on how much it will increase the value of your home. If it will not increase it by at least the amount that you are planning to spend, then you will have to look hard at the whole project to see if it can help make you money somewhere else. More on that later.
Could a Remodeling Bathroom Save You in Other Ways?
There are ways that a remodeled bathroom could help sell your home that don’t translate directly to money. For example, if you want to list your home for sale in six months and want it to sell fast once it’s on the market, then a freshly remodeled bathroom could be the selling point that gets a buyer interested. Consider all advantages before deciding what to do.
Let Us Offer Our Expert Advice
Of course, whether or not you should remodel your bathroom depends on many factors that we cannot cover here. However, you can contact Berkshire Hathaway HomeServices for advice. Call us now at (310) 373-0021 and let us find the best ways to get your home sold.