Friday, October 29, 2010

Updating the old Master Bath

My master bathroom was caught in a time warp. My home was built in 1978 and as such had many a renovation to undertake to bring it up to date. Now is a bathroom update necessary? It depends, are you planning on selling? If so, how soon? An out of date bathroom will undoubtedly hurt your chances of selling in a down market, especially if there are plenty of comparables for sale in your neighborhood. To make sure you don't over
Picture of the master bathroom at HighgroveImage via Wikipedia
improve or under improve think of two things: What does the competitors bathroom look like, and what is typical for my price range in new construction. Using these as a guideline should help you figure out just how much improvement should you do.



This vanity area renovation was under $2000.00


Why is this important? Well knowing just the right amount of improvement makes a lot of difference in the ROI you receive if you sell. ROI, "return on your investment" is just how much your improvement costs will be factored back into your wallet when selling your home. If you over improve for your homes price point and for your neighborhood, you may not see a great return on what it costs you. So think wisely on improvements. If no one else, including new construction offer heated tiled flooring in their bathroom, does it make sense that you do? Well if you aren't planning on selling, improve away and enjoy! If you are, think like the potential buyer coming into your specific area. Are they expecting heated tiled flooring in your price range? If the answer is probably not, then your next question is, will they pay for it? Again, probably not, at least not to the degree they are willing to pay a higher price for your home over another home in the area that may have an advantage over yours somewhere else in the home.  It pays to think smart. In renovating your bathroom, updates need not cost a fortune to make a huge difference.

Replacing your old worn out built in vanity, and taking down over sized unattractive mirrors and lighting can make a huge difference in the overall feel of your home. Also consider your buyer age target. If you have a home that is mid-sized to large, your age target group will be late twenties, to late thirties. This age group has children and are buying with the families needs in mind. This age group will not find the outdated bathroom attractive as they have come from a time of new found interior education via HG TV. They know what they want and what they don't want. This age group will definitely not appreciate the seventies style bathroom you are selling. This age group probably can't afford a lot of luxury touches either. So think simple, think fresh, think new.
Bathroom - by UlybugImage via Wikipedia
The toilet in this pic is common in
European hom
If you use a little common sense in your renovations, with an eye on the future, you will have a home that will not only be beautiful but sellable.

3 comments:

  1. Important note: from now on, I'll always visit your blog. Please don't hesitate to visit me. Let's be more than just followers...let's be faithful readers! Thanks :)

    Lovers' Shore

    http://lovers-shore.blogspot.com/

    ReplyDelete
  2. Thank you so much I look forward to reading your posts!!!
    Hugs
    Dawn

    ReplyDelete
  3. What great ideas and suggestions. Although I'm not in the market to buy or sell a home, I would like to update the bath. I love the idea of heated tile in the bath. Thanks for the ideas and advice.

    ReplyDelete

Comments are appreciated and welcome, however if you leave a link back to your site, and it won't allow a comment and back-link to mine, I will delete it. I am happy to help fellow bloggers, so let's support each other. Thanks!