A home can be a great asset to anyone. One of the joys of being a homeowner is having the liberty to maintain and renovate your home. Additionally, if you foresee selling your house in Oregon at some point, you should know what makes or breaks a home sale.
Bathrooms are one area of your home where you can find comfort and solace. This means that this space needs a lot of attention when it comes to remodeling. These remodeling projects can make any bathroom more appealing – but do they really increase the value of your home?
Remodeling Doubles as a Long-Term Investment
When it comes to remodeling any part of the house or as a whole, the entirety of how much it will cost versus its resale value comes first. It is a huge financial investment for any Oregon homeowner. Therefore, you must have an idea of how your investment is going to pay off in the long run.
Remodeling magazine’s Cost vs. Value Report for 2021 shows a good average ROI for bathroom remodels in the Pacific region. One of the best ways to compete with brand new homes is by having a brand-new bathroom. While not reaching a 100% ROI may give you some thought, a newly renovated bathroom oftentimes interests buyers who may not have considered your home otherwise.
Upgraded Bathrooms are Good News
How many homes have you been to where you’ve seen outdated bathrooms? You can observe them in the details – chipped bathroom fixtures, cold and slippery flooring, and full of mildew, to name a few. If you can say the same for your home, these issues will eventually come up in a buyer’s inspection.
Serious issues to look out for include water damage, mold, cracked tiles, as well as electrical or structural problems. If these are not addressed before an inspection, you may end up paying more for the repairs; or worse, you will have to list your house at a much lower price than you would have liked.
Make Every Dollar of Your Bathroom Remodel Count
Overall, the ROI for your bathroom remodel varies each year for several reasons. What remains constant however is how your updated bathroom will attract sure buyers. Not only that, but you also get to enjoy a better restroom experience while you live there.
Imagine what you want your new bathroom to look like. There are many bathroom remodel ideas you can look at on Pinterest. Remember to keep it inexpensive and simple. You don’t have to go with the latest high-end finishes, as there will always be other cheaper designs you can go for.
You can choose to have a contractor design your new bathroom for you, but you can also go DIY. You can save on fees and have more freedom on your visualized design.
If you think you are going to sell your home in a few months or maybe a year from now, visit our Illume Property Partners website for helpful advice on managing your home. Contact us today!
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