Novale Bathrooms: 5 Bathroom Renovation Tips to Increase Your Property's Value
Announcement posted by RGC Advertising 13 Oct 2021
Bathrooms play a significant role in a buyer's selection while browsing potential houses. For many purchasers, the number of bathrooms and their quality can actually make or break the sale.
Buyers are also uncompromising about the bathroom. While they may overlook an ugly study or spare bedroom, the bathroom is a vital room in the property, which should be contemporary, functional, and spacious.
Any home renovations may increase the value of your house by up to 70% when you sell it! However, no matter how much effort you put into the rest of your home's presentation, if you have a worn, outdated bathroom, your property's presentation will be missing a crucial component.
While getting the highest sold price on auction day is beyond your control, there are several things you can do to improve the value of your home and hence boost the sale price. The following five bathroom renovation tips can help you increase the sold price on your property come auction day.
Tip One: Be Realistic About Your Bathroom Renovations Budget
Bathroom renovations are a fantastic method to increase the value of your home before selling it, but you must be careful and realistic about your budget for this work. You'll need to employ professional plumbers and other bathroom renovations tradespeople to do the work. Be realistic about what you can afford, then set a budget accordingly and endeavour to adhere to it.
A reasonable rule of thumb to add substantial value to your house without over-capitalising is to spend within 2% of its current worth on bathroom renovations. If you're selling a $500,000 property, investing $10,000 on areas like the kitchen and bathroom may add a lot of value. You may spend roughly $20,000 on renovations if your property is worth $1,000,000. You run the danger of over-investing and not earning a profit when you sell if you spend too much on your bathroom renovations improvements.
Tip Two: Create Luxury Through Fixtures and Fittings
Focussing on specific strategies in your bathroom renovation can help you get the most value out of your investment. To begin, concentrate on the objects that have the most visual effect. When a buyer sees a property, they will instantly notice if particular fittings or fixtures are worn or outdated, and this will have a significant impact on the amount they are ready to pay.
If you're on a tight budget but want to make an impression, updating the fixtures to the premium models is the most cost-efficient upgrade you can do to your bathroom renovation. You'd be amazed at how thoroughly potential buyers evaluate showerheads and other bathroom fixtures while examining a home.
Plus, some individuals don't want to put in the effort to upgrade fixtures; instead, they want to buy a property to move into and start living in right away. The variety of showerheads and bathroom fixtures available today might be confusing, so choose something with luxurious characteristics, such as a rain option that will give your bathroom renovation a touch of luxury without breaking the bank.
Tip Three: Keep Functionality at the Forefront of the Bathroom Renovation Design
Functional space is another essential feature that buyers seek for a bathroom. If your bathroom is poorly built, making inefficient use of space or making it difficult or impossible to use, it will depreciate the value of your home. The amount purchasers are willing to pay for a home may be significantly increased by creating a functional and easy-to-use bathroom renovation with lots of storage.
If you have the space, installing an extra bathroom or toilet may significantly increase the value of a property and appeal to a wider variety of potential buyers.
People desire convenience, time savings, and the avoidance of issues. For example, add a recessed mirrored wall cabinet instead of a regular mirror. This will increase the illusion of space in the bathroom while also providing additional, much-needed storage space.
Tip Four: Encourage Energy-Efficient Installations
The advantages of improving your home's energy efficiency reach well beyond the environmental benefits. More importantly, it raises the market value of your house. You can optimise the function of your toilet, shower, and sink with energy-efficient alternatives, which means the home will use less water and save money on water bills, a great selling point for potential purchasers. As a result, when selecting fixtures in your bathroom renovation, choose ones that claim to save the most on energy.
Tip Five: Stick to Timeless Aesthetics
When selecting colours and decorative features in your bathroom renovation, sticking to traditional and neutral colour palettes will appeal to a broader range of potential buyers and thus gives your property a better competitive edge which usually increases the sold price.
Bold and vivid colours that appeal to your own taste, as well as those that are fashionable trends, will eventually date your bathroom renovation in only a few years. The goal is to appeal to a broad audience, so a traditional colour scheme will appeal to the majority while also making the bathroom look larger, brighter, and timeless. For example, chrome tapware is by far the most appealing tapware finish for a bathroom renovation, unlike black, brass, and other "on trend" styles.
Décor, such as towels, candles, and other non-permanent decorations, easily add bold and brilliant colours to the bathroom renovation. Still, most importantly, they are not permeant, so the homeowners can change these accessories if desired.
Begin Your Bathroom Renovation with Reputable Bathroom Renovators
A bathroom renovation is one of the most effective methods to increase the value of a home. As a result, this is one investment that you will never regret! Since you will almost certainly receive a significant return on investment with a bathroom renovation.
Value is simply one thing to consider when it comes to updating your bathroom. An improved bathroom will also improve the lives of household members and boost the value of your home if you decide to sell and relocate.
For more information on how to transform your bathroom into a beautiful and highly functional modern design, get in contact with our experienced bathroom renovation teams.