How does a bathroom renovation add value to my Sunshine Coast home?

As one of the most high-traffic areas of the home, bathrooms that are functional, beautiful, and most importantly, recently updated, are highly desired by potential buyers, making them a great investment if you’re looking to spruce up your property for sale.

Investment vs. value: how much should I spend to update my bathroom?

When it comes to the property market, there are no guarantees. The best way to set yourself up for success is to be realistic with your investment and projected return. Here’s an example: if you spend $60,000* on a bathroom renovation when the rest of your property is in disrepair, you’ve likely overinvested and won’t see a return. But. putting $30,000* into bathroom upgrades that will improve the functionality as well as elevate the design of the space to align with the rest of your home, that’s a sound investment.

Of course, the actual figures in these examples will fluctuate depending on a myriad of factors, including the current housing market. Working with a professional bathroom renovator will help you manage your expectations and create a strategic approach to your project with resale value in mind.

How do bathroom renovations compare to other home improvements?

While most home renovations almost never fully recoup their cost (100% ROI), the average return on your investment is around 70% – certainly nothing to sneeze at. Good thing resale value isn’t the only advantage of renovating! Professional, well-executed renovations can help your home sell faster, too. Not to mention, you still get to enjoy the updates while your home is on the market, however long that may be.

Average ROI for different types of renovations

• Kitchen renovations 30-80%
• Bathroom renovations 26-67%
• New decking 40-50%
• Roof replacements 50-70%
• Additions/extensions 50-90%
• Flooring updates 50-75%

Bathroom renovation ideas that add the most value to your home

Do bathroom renovations add value? They can if done right.

Functional upgrades

Future-proof renovations are ideal for longevity, but functional upgrades that increase the daily comfort of your bathroom, like underfloor heating, are sound investments too. 

First, start with the basics. Update functional features like plumbing, electrical, and waterproofing. Not only will replacing these give buyers peace of mind, opting for modern, energy efficient counterparts of the originals provides an added incentive. 

Cosmetic makeovers

Sticking to neutral designs is the best approach if you want to reach the largest buyer pool possible. While you may fancy yourself someone with superb design style, if your taste is too niche, you run the risk of alienating a portion of the market. So, when renovating your bathroom with this in mind, we recommend selecting high-quality materials with timeless styles that will appeal to the masses or that can be easily imprinted on by the next owners.

Hiring the right contractor for your bathroom renovation project

Who you work with will have a significant impact not only on the cost of your bathroom renovation but the value and quality too. The right contractor will make sure to keep your best interests in mind throughout the project, whether that’s to create a bespoke bathroom design for your family to enjoy long term or something simple that will appeal to the majority of buyers and help your home sell quickly for a great price. 

It can be tricky trying to find the best bathroom renovators in Sunshine Coast, so we recommend taking your time, interviewing multiple teams, getting quotes, and reviewing their references. You can learn more about deciding who should renovate your home here. 

Want a team that can help add value to your home?

Let’s start with a free consultation! Just get in touch with the Refresh team in Sunshine Coast to book yours in.