Perhaps you're considering remodeling the bathroom in your Atlanta home, but you're wondering if it actually pays off. Sure, you'd like to have a fresh, new look—and add some comfort and convenience (or even a bit more space). But is it worth it for what you'll get out of your house if you decide to sell in the future?
There’s a reason bathroom renovations make up 80% of contractors’ projects, second only to kitchen renovations. Remodeling your bathroom can change the entire tone of your home. It may not be as visible to guests as some other rooms in your home, but it is a room you use multiple times every day. It’s where you prepare for your day, and it’s also where you start winding down for the night. And in some cases, it’s a place you can seek relaxing solitude. That’s the reason homeowners and home buyers alike pay so much attention to their bathrooms.
But what about the financial return on investment? Will the money you spend on renovating your bathroom pay off when it's time to sell? According to Atlanta, GA’s 2019 Cost vs. Value report, the answer is yes.
(The figures cited here are according to the Remodeling 2019 and Cost vs. Value Report [www.costvsvalue.com] for the Atlanta, GA, area.
[© 2019 Hanley Wood Media Inc. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.])
ROI on Upscale Bathroom Remodeling in Atlanta, GA
On average, Atlanta homeowners in 2019 spend $64,083 on an upscale bathroom remodel and can expect to recoup $42,072 (65.7%) at resale. These figures are based on expanding a preexisting 35-square-foot area into a 100-square-foot area within the home’s original blueprint.
All fixtures will be relocated. The remodel includes a 42x42-inch neo-angle shower with ceramic tile walls with accent strip, a recessed shower caddy, body-spray fixtures, and frameless glass enclosure. A freestanding soaker tub with high-end faucets is also included, as is a stone countertop with two sinks; two mirrored medicine cabinets with lighting; a compartmentalized commode area with one-piece toilet; and a humidistat-controlled exhaust fan. Color fixtures are assumed.
Flooring will use larger matching ceramic tiles, laid on diagonal with ceramic tile base molding. Lighting consists of general and spot lighting including waterproof shower fixture. The cabinetry has a custom drawer base, wall cabinets. Extend HVAC. Electric in-floor heating is also included in this price.
According to Angie’s List, bathrooms are a very high priority for buyers. In fact, an outdated bathroom can even cost you a sale. On the other hand. an updated bathroom can return as much as 80% of the cost invested. So, even if you’re remodeling for your own convenience and comfort, you can be confident that you’ll also reap a financial benefit when it’s time to sell.