Bathroom Renovations That Add to Your Home Value

Spacious bathroom in gray tones with heated floors walk-in shower double sink vanity and skylights. Northwest USA
Spacious bathroom in gray tones with heated floors walk-in shower double sink vanity and skylights. Northwest USA

bathroom renovations PortlandWith bank lending rates on home loans at all-time lows, many homeowners are wondering how to get the biggest return on their investment should they decide to refinance their loan. At the same time, average home prices continue to increase across the nation, giving homeowners the chance to enjoy the best of both worlds: lower monthly payments and increased home value.

Big Returns on Investment

Next to remodeling your kitchen, bathroom renovations in Portland have a bigger impact on increasing your home’s value more than any other renovation. Some estimates put the return of value at about 85 percent or more, depending on the local market. That means you can enjoy your renovations knowing that, when it’s time to sell, you’ll get 85 percent or more of your investment back in the house’s sale price.

Some bathroom features that can add value to your home include:

  • Adding square footage. Older homes have smaller bathrooms, but the trend in modern homes is toward roomier facilities. It may not be feasible in some homes.
  • Double sinks: We all like having our own space and “his and her” sinks give us all more elbow room.
  • Spacious showers and bathtubs: Bigger tubs and showers add a lavish look to any bathroom.
  • Thinking green: Water-saving amenities, such as low-flow toilets and shower heads, are big with the eco-conscious.

These items are shoot-for-the-moon, luxury renovations that stand out in potential buyers’ minds. If your budget allows, consider installing:

  • Heated floors and towel racks: The ultimate experience in pampering.
  • Steam shower/sauna: This installation appeals to the fitness-minded of all ages.
  • A whirlpool or jetted-bathtub: One that is separate from the shower if possible.

 

Budgeting for Renovations

Before you start on your bathroom renovations in Portland, have a design plan and a budget and stick to both. Nothing busts a budget faster than changing plans once the work is underway. If you’re considering improvements to your home, Mountainwood Homes has a portfolio to show you; ask to see it when you submit the website contact form.