Renovating your bathroom can increase your home’s resale potential

If you are a homeowner planning renovations to your home you should consider upgrades that will increase your home’s resale potential.  A renovation to a bathroom generally provides a solid return on your investment. A recent House Staging Report found that 73 per cent of potential buyers would be willing to pay a premium for a home that featured a renovated bathroom.

Start by measuring the space and sketching out a layout for your new bathroom. Remember that the layout of the new bathroom doesn’t necessarily have to be the same as the old one. A new approach is to not make the toilet a focal point. A partial wall will give a sense of privacy and block the eye, without chopping up the space the way a full wall might.

When it comes to lighting, think versatility. You will want brilliant illumination by the mirror and the option of more subdued ambience when soaking in the tub.

If you have an old linen closet, consider converting the façade to resemble a cabinet and perhaps take it right to the ceiling.

Bathrooms are heavy traffic areas, so remember to choose tough, easy to clean surfaces, moisture-resistant paint and non-slip flooring. Ensure you have a bathroom fan that meets your humility requirements. If you install a whirlpool tub for example you may need to upgrade to a more powerful fan to expel the extra steam and moisture.

Take design cues from your fixtures. The soft lines of oval shapes and the curves of pedestal sinks will feel very different from the artsy, ultra-modern look created by angular choices.

Before you buy a bathtub, try it out by sitting in it. Based on your height and the space available, you may want a longer or deeper tub than is standard. Or you may decide that you’ll do without one entirely, in favor of a large open shower space.

Keep in mind your budget when doing any renovations.  A concern when upgrading rooms to increase your home’s resale value is not to overspend.  There is a ceiling to how much your home can be worth. If you live in a $200,000 townhome for example and you install a $10,000 shower and granite counter tops your home is now worth the cost of an executive detached home and there is no buyer out there who will pay that much for a town home.

Choose your own personal styles and preferences but keep in mind the market you are likely to attract when you sell your home; 1st time homebuyers, families, singles or couple with no kids.  Choose fixtures and finishes that would be attractive to that potential buyer.

Are you dreaming of a new bathroom, but don’t have the time, money or space for radical changes? Don’t underestimate your current bathroom’s potential for improvements. A wall-to-wall scrubbing, including a clearing out of old and used items can be rejuvenating, as can a fresh coat of paint. Add some new towels and a shower curtain, a basket or two for storage, a change in wall décor, a plant (it will love the humidity!) and possibly an upgrade to your mirror, lighting, fan cover or faucets, and you can create a beautiful new space for a fraction of the cost.

 

Prior to becoming a real estate agent, Chantal Nephin graduated with an interior design degree and worked for various interior design firms in Ottawa. If you have any design questions please call her at 613-371-6024.

About Chantal Nephin

Sales Representative
Remax Affiliates Real Estate