Along with the kitchen, the bathroom is one of the top two rooms to remodelb because buyers appreciate the upgrades and so the return on the ownerb s investment is generally quiteB good. But not all renovated bathrooms are created equal.B HomeAdvisorb anB online marketplace for home improvement servicesb recently looked at what types of bathroom upgradesB were most in demand, andB how much they cost.
Requests for bathroom remodeling services have shot up 64% in the past year on HomeAdvisor. So whatb s motivating this flurry of refinements to the powder room? More often than not, itb s a move toB replace run-downB materials or upgrade outdatedB aesthetics, according to theB Home Improvement Research Institute.
As for the cost, compared to a kitchen overhaul, new bathrooms are wayB more affordable. According toB HomeAdvisorb s True Cost datab which analyze over 1 million reported costs from customersB on over 300 types of projectsb renovators willB pay an average of $9,200 for a professional bathroom upgrade. Thatb s less thanB half the cost of a kitchen remodel at $19,907!
Plus thereb s no reason to overhaul everything at onceb for an C la carte approach,B check out the cost on these six most popular bathroom remodeling projects:
- Reface cabinets: $6,676
- Install cabinets: $4,633
- Install a shower: $3,169
- Install flooring: $2,969
- Install a bathtub: $2,849
- Install a bathtub or shower liner: $2,522
WhileB HomeAdvisor found that 83% of peopleB pay for bathroom remodelsB out of their own pocket,B 17% turned to financingb i.e.,B getting a line of credit on their houseb to make improvements. Web re not saying refinancing to renovateB is the right choiceB for everyone, butB if youb re absolutely dying for a bidet with a heated seat,B thereb s hope for you yet.
Don’t missB next month’s newsletter to see what some experts say your bathroom’s remodel return on investment will be!