Bath Remodeling Cost
By remodeling baths in particular, you could raise resale value of a property and improve cost recouped to well over 100%, says Remodeling Magazine. That is especially true if you plan to sell the property within the year, as such renovation would guarantee a high resale value with recouped cost even at 120%.
So tear down those heavily stained tubs and replace it with a new tub. The same goes true with that toilet seat and toilet cover, tiles and window panes. Install a superior pressured balanced single lever shower (earlier models are far inferior from today’s design). How about installing that new vanity you found to be gorgeously complimentary to the overall bath environment? While most common high end vanities are double sink, it isn’t generally required for upscale purposes. Those cabinets, lighting fixtures and windows may need alteration too. For the bath remodeling cost, check further for more data.
Cost Versus Value
Cost vs. value is a discerning issue in remodeling with intentions of resale after. Shrewd remodeling options could at least offset costs made in weaker areas, such as replacement of windows or tiles and severely weaker areas like basement and sunrooms, or those areas that do not directly contribute to the visual yet add to the beneficial value.
A Cost versus Value example by Remodeling Magazine
Bath Remodeling Cost at $9,044 with resale value of $10,082
Updates: new tub installation, new toilet installation, added vanity, added medicine cabinet, improve lighting and replaced tiles. Cost recouped is 111%.
Bath Remodeling Cost including additional bathroom now at $13,779 with resale value of $16,820. Cost recouped is 122%.
As obviously illustrated, a minor addition to the first entry and the closing value rises 10%, already a substantial factor in terms of recouping loses. While 111% cost recouped is already a noteworthy achievement, the further 122% is maximizing cost recouped. Remember, this is only the bath remodeling. Windows are decidedly different and may add only slightly to the overall property value, therefore, cost recouping in window remodeling may not always be 100% or higher.
Remodeling always involve the ability to sniff which areas are value hot spots, or remodeling payoff areas. While remodeling other areas are required, some remodeling you can do are for purely cosmetic reasons yet they add significantly to overall value, which also leads to a higher cost recoup. Do you know where those remodeling payoff areas are? They are the kitchen area, bedroom and bathroom areas.Texas Real Estate Commission Information About Brokerage Services