Summer Renovations: Adding Value to Your Home – Bathroom

Spa-like bathroom renovations

When it comes to value-adding renovations, the bathroom is one of the best places to start.

According to Remodeling magazine, a bathroom remodel delivers about a 70 percent return on investment, adding around $13K in value to the property as a whole. Upscale bathroom remodels add more than $34,000 in value.

But like any statistics, they don’t guarantee success. That lies in the projects you choose — and how you choose to go about them.

Want to make sure your bathroom remodel is as profitable as it should be? Here are the renovations to focus on:

  • Upgrading fixtures and hardware – Does your bathroom have outdated faucets, door handles, drawer pulls, and tub spouts? Consider upgrading these to add a pop of modernity. Bronze, brass and even gold/rose gold options are popular with today’s designers. Any finish is fine really; just make sure there’s consistency throughout the room.
  • Updating the tub or shower – The bathroom is supposed to be a relaxing respite, so if your shower is cramped or the tub is small and cracked, consider an update. Add a storage nook and seating to your stand-up shower, or invest in a freestanding soaking tub to invite more R&R.
  • Go eco-friendly – Going green is a good choice for everyone. Eco-friendly faucets, toilets, and other appliances not only cut down on your electric bills — and your environmental footprint — but they make the home more attractive to penny-saving buyers down the line. It’s a win-win for everyone (including the earth!)
  • Replacing flooring – Linoleum is never coming back, so if that’s what’s currently on your restroom floor, it’s time for a change. Consider adding tile throughout the space, including in the shower and other wet areas. The impact is instant and significant.
  • Adding storage space or cabinetry – There’s one thing no buyer can get enough of, and that’s storage. If you’re low on cabinets, shelves, and towel racks, put adding storage space on your list of to-dos. Replace your cabinets with bigger ones, add drawers or shelving units, and install vanities that add even more space to spread out.

Keep in mind: you don’t have to pay for your entire remodel out of pocket or with savings. A cash-out refinance can help you tap your home equity and reinvest those funds into bettering your home — and its value. Contact an Embrace loan officer today to learn more about the process.

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Aly Yale

Aly J. Yale is a freelance writer focusing on real estate, mortgage, and the housing market. Her work has been featured in Forbes, Bankrate, The Motley Fool, Business Insider, The Balance, and more. Prior to freelancing, she served as an editor and reporter for The Dallas Morning News. She graduated from Texas Christian University's Bob Schieffer College of Communication with a major in radio-TV-film and news-editorial journalism. Connect with her at AlyJYale.com or on Twitter at @AlyJwriter.