According to reports, Nashville,TN ranks No. 4 among the top 10 housing markets in the country for investing in single-family homes. With more people choosing to settle in our town, increasing the value of your house is a great investment. Among the top home improvement projects that automatically boost your home’s resale value is updating the bathroom.
Adding functionality to a bathroom is definitely the top priority with aesthetic finishes coming in second. However, many home buyers and realtors alike seek high-end bathrooms that include functionality with an abundance of storage that still takes a small amount of space. People want full amenities that include a shower/tub and a vanity and toilet of course but also they look for things like a garden tub, towel warmers, vanity seats, plenty of drawers and cabinets, heated floors. Having these elements installed in your bathroom may be costly but can yield a profit when you sell.
As long as the bathroom remodeling project is well-planned and executed with minimal errors, all the efforts and resources will pay off. Not only can you increase your house’s value, you’ll also get to enjoy an entirely brand new look of your bathroom!Have a tight budget? You can still have a beautiful bathroom, you need to double your efforts to research those things you’d like to upgrade. Compare prices, ask for discounts, seek the best deals for your amenities and contractors. If you do plumbing or you’re confident enough to design your own, you can do it yourself to save your resources. Then you may still be able to splurge with wonderful customized cabinets, a beautiful limestone or granite countertop for your vanity or invest in other amenities like tiles, lighting, finishes and overall bathroom decor. Having a single high end item such as cabinets in a bathroom can transform the feel of the room from functional to luxury.
To give you an idea on how the budget breaks out, National Kitchen and Bath Association created this cost breakdown to serve as guide: (data from houzz.com)
Installation: 20 percent
Fixtures: 15 percent
Cabinetry and hardware: 16 percent
Countertops: 7 percent
Lighting and ventilation: 5 percent
Flooring: 9 percent
Doors and windows: 4 percent
Walls and ceilings: 5 percent
Faucets and plumbing: 14 percent
Before jumping into your bathroom project, ask for professional help. Because the project cost could double or triple if you make mistakes. Mistakes are expensive in any situation but in the bathroom, the cost can add up quickly. After all, who would want to have an unfinished or mediocre bathroom?