Increasing Your Home’s Value Through a Budget Bathroom Renovation

One of the most worthwhile DIY projects to take on in your home is a bathroom remodel. They can increase your own satisfaction, turning your ordinary bathroom into a luxurious spa, but also can add a great deal of value to your home if you are planning on selling it in the future. However, bathrooms also happen to be one of the most expensive home remodeling projects.  By carefully planning your budget, focusing on a good return on investment, and knowing the difference between subprojects you can take on yourself and projects that require a professional, you can take on the bathroom remodeling project of your dreams and drastically increase the value of your home, all while staying on or under budget.

Plan a Budget

The first thing you should do is plan out your budget. In order to do this, you’ll have to strike a balance between the amount of money you’ll spend on the project and the amount you’ll gain from it, whether in personal satisfaction or return on investment. To this end, you should focus on the projects that will add the most value to your home. Keep in mind that a good bathroom renovation will potentially increase your home’s value by up to 60 percent.

Once you have selected your projects, narrow them down even further by listing each individual component. For instance, if you want to add a new source of lighting, you’ll first need an electrician to wire the location. Next, you’ll have to pick the type of light source, keeping in mind that it should be protected from warm steam from the shower, as well as the bulbs and switches.  Remember to include the cost of hiring a professional if the project will require more specialized services. You can research the average cost to hire professional electricians, plumbers, and other knowledgeable handymen online to get a ballpark estimate.

Finally, be sure to also account for the cost of tools and materials, like screws and washers.  You can reduce the cost of materials by checking online for savings and coupons for big-box retailers. Add the numbers up to find the total estimated cost of the project, then compare that with the amount of money you were hoping to spend. You may find that you’ll have to reduce the scope of the overall project — in that case, you will need to narrow down the list of subprojects to only the ones that add the most value.

What Projects Add Value?

Many years of research have shown that there are certain projects to be taken on in the bathroom that add a great deal of value in the eyes of potential buyers. Particularly for master bathrooms, installing multiple sinks makes it easier for couples to get ready in the morning.  Many people will pay more for added convenience.

Along the same lines, it can never hurt to add more storage for towels, toiletries, and other paraphernalia. Certain aesthetic touches also are worth taking on; good lighting, for instance, will make your bathroom seem cleaner and more inviting, while glass showers and floating vanities will give it a sleek, modern look. Also, you can save a lot of money by choosing to refinish your tub, shower, sink, and tile instead of completely replacing it.

Know When to Hire an Expert

Finally, even if you are a skilled DIYer, it’s important to know when you should call in an expert.  In general, you should hire a professional for anything that requires skilled, technical knowledge, like electrical or plumbing work. Never try to rewire a room yourself — electricity is extremely dangerous, particularly when water is nearby. Remember to always shop around for the best deal when hiring an expert; you can often find great deals through sites like Groupon.

Doing a bathroom remodel yourself is ambitious, but well within your capabilities. Save money on the project by looking for savings on supplies, choosing less expensive projects that add value, and shopping around for the best deal when hiring a professional.

 

Blog Written By: diyguys.net

Photo Credit: pixabay.com

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