There are many benefits to remodeling your bathroom. A newly renovated bathroom can add thousands of dollars to the value of your home. Depending on your work, a bathroom remodel Portland can return as much as 62 percent of the money you invested. Potential homebuyers are attracted to bathrooms with updated features. In addition to the obvious aesthetic value, an updated bathroom is more energy-efficient and will attract more attention from potential buyers. But there are other benefits as well.
Extra space
A bathroom can have numerous benefits. For one, larger bathrooms can accommodate more storage. Some homeowners choose to install a clothes dryer or washing machine, which both take up extra space in the bathroom. Furthermore, extra space in the bathroom allows householders to free up ledges and install various toiletries. It will also do cleaning and cooking more enjoyable.
The biggest benefit of bathroom remodels the added space. Most people spend time in the bathroom, so extra space is important. In addition, it can be an opportunity to create additional storage for other items in the home. Often, a bathroom countertop is cluttered with extra items. Additional cabinets and drawers can help conceal these items, leaving an open and uncluttered counter. It will give homeowners the extra space and add resale value to their homes.
Energy efficiency
Another benefit of energy-efficient bathroom remodels lowering utility bills. Bathrooms account for half of a household’s water use, so implementing ways to save on energy consumption is vital. Unlike any other part of the house, the energy used to heat water is the biggest drain on energy. You can reduce your monthly utility bills by upgrading your bathroom fixtures to energy-efficient ones and saving the environment simultaneously.
Insulation is one of the most important steps in an energy-efficient bathroom renovation. It should be installed around water pipes since it takes a lot of energy to heat. If you can avoid heat loss, you’ll save significant money in the long run. In addition to insulating your pipes, you’ll be able to minimize your heating bills by incorporating energy-efficient fixtures. These fixtures can save you up to 70% of the electricity they consume.
Cost
Before you hire a contractor, consider the cost of a bathroom remodel. Although you can often save money by doing it yourself, hiring a contractor can result in higher costs. These costs will increase if your bathroom is structurally expanded or torn down to the studs. You’ll also want to consider the contractor’s schedule. Many of these contractors are busy during the day so a smaller company can give you more personalized attention.
While the overall cost of bathroom remodels varies significantly depending on the type and quality of materials, a typical upscale remodel can cost $62,000 or more. These upscale bathrooms can include expanding to 100 square feet, relocating plumbing, and installing custom cabinetry. They can also include upgrades to all fixtures, appliances, and finishes. Lastly, it would help if you decided who would do the labor. You can complete the job with subcontractors or hire a general contractor to handle the entire project.
Return on investment
While the cost of bathroom remodels is often a consideration for many homeowners, not all improvements will yield the highest return on investment. For example, changing the bathroom’s layout can increase the ROI by ten or more percent, and converting the bathtub to a shower will increase its value by almost seventy percent. Although most Americans prefer showers over bathtubs, some elderly couples and families with young children still prefer to bathe in a tub. A kitchen remodeling project can have a much higher ROI. A kitchen renovation can fetch as much as eighty percent of the money spent. Depending on the type of renovation and materials used, a $10,600 kitchen remodel can fetch a six-figure return.
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