A MASTER BATH RENOVATION ADDS VALUE TO YOUR HOME, AND MUCH MORE
There are many reasons homeowners decide to begin a master bath renovation. As I stated in a previous post, master baths have become must-haves for today’s high-end homebuyers. But a good return on investment is not the only reason to redo that space.
Just spend a few moments daydreaming about creating a master bathroom where you can indulge all your senses. A place to pamper yourself in a soaking tub. A place designed in your personal style. A place to enjoy those new handsome bathroom countertops and that awesome new hardware. There are so many good reasons to start your master bath update now. Here are 4 to consider:
1. Master Bathroom Remodel, Good ROI
I’ve blogged before on home makeovers including this one that lists the top 7 renovations that will pay you back. Of course, bathroom facelifts are on that list. According to the 2018 Cost vs. Value Report from Remodeling Magazine, bathroom renovations offer one of the highest ROIs. Luxury homeowners who spend at least $61,662 on renovating a bathroom receive an average of a 56.2% return on investment.
Just consider that the master bath is part of your master suite retreat, worthy of the best. It’s important to remember that your ROI on any renovation project depends on work quality and material choices. So, I always suggest you do your due diligence and research what’s in style for the master bath before you start tearing down any walls.
If you’re handy, you can do some of the work yourself, which will result in even higher ROI while giving you something to be proud of. Perhaps you want to lay some of the new tile yourself or do some of the demolition of your old, outdated master bath. There are good reasons to do either yourself. Tiling can be like a meditation and demolition can be used to get out your anger!
3. Enjoy Your New Master Bathroom Before Listing
Wouldn’t it be nice to be the first to enjoy your updated master bath? It seems unfair to do all the work and planning, creating your perfect master bath, without enjoying it. And since it’s one of the two most important rooms in your home when it comes to resale, this is the place where aesthetics and comfort combine to create a haven for personal pampering.
4. Redoing Your Master Bath is Easier Than Tackling Your Kitchen
The kitchen is also a good thing to tackle before you sell and is included on my list of things potential buyers are looking for. But redoing your kitchen can be a huge hassle if you plan to continue living in your home at the same time. Think about it. Your house only has one kitchen and during a renovation, you won’t have access to it. When you redo a bathroom, your house has others you can use while that area is a construction zone.
Not sure what you want to accomplish in your master bath renovation yet? Get this book, Yes/No Design: Discover Your Decorating Style With Taste-Revealing Exercises and Examples, by Diane Love (Rizzoli International Publications). You can take your time checking out different styles for some inspiration. You can also get a handle on the most up-to-date trends in bathroom renovations just by visiting decorator show houses or kitchen and bath showrooms.
Not sure who to hire to do the job for you? I recommend you hire a general contractor who will manage all aspects of the job. Check out this list from Houzz of the leading contractors in the area or call me at (805) 886-9378 and I’ll share my list of local contractors.