When a prospective home buyer is surveying a Phoenix house or condo for a potential purchase, they look at the living room, den, attic, bedrooms, etc. as blank slates that they will mold to their own personal liking. The kitchen and bathroom, however, are two completely different stories. These rooms are something that most home buyers expect to be ready-made. Your kitchen and bathroom designs can drastically help or hinder your ability to sell and negotiate the final selling price. This is especially true for the bathroom, which will receive even less personalized décor than the kitchen.
Because of the above facts, a bathroom remodel for your Phoenix home is a great way to up its value. Let’s take a look at the details of how this works:
Why does a bathroom remodel really improve my home’s overall value?
A bathroom remodel for your Phoenix home will reap major sales benefits whenever the time comes. This is mainly for two important reasons: home buyer lifestyle visualization and perceived value.
Perceived value
People tend to exaggerate the value of nice looking things in their minds. Your bathroom’s fixtures are no exception to this rule. For example, a well-placed granite or wooden bathroom sink that only cost hundreds to buy and install could be perceived as having a value in the thousands by virtue of the materials’ rarity—when compared to the traditional white ceramic sinks—and their style alone. Your bathroom’s floors, faucets, shower, tub, vanity mirror, toilet, etc. are not exceptions to this rule. This perceived value translated into a higher selling price for your home.
Lifestyle visualization
People like to envision themselves living in a home before they buy it. As we mentioned in the opening paragraph, they will start planning their interior design schemes as they scan the empty (or soon to be empty) rooms in a home. The bathroom, however, is unique in this regard. Since the changes—if any are made at all—that a home buyer will make to the bathroom are usually very minor, how it looks now essentially defines how their bathroom will look for the rest of their time living there. This means that in order to sell them on the idea of living there, you need to convince them to visualize themselves enjoy going into one of the most oft used rooms in any house every single day.
Is the investment worth it?
A common question that people considering a bathroom remodel for their home ask is, “Does the return on investment make the remodel worthwhile?” The short answer to this question is a resounding yes. But let’s delve a little deeper:
In 2013, the average resale value recouped from what are considered mid-level bathroom remodels for homes in the same time zone as Phoenix was about $20,000. For an upscale bathroom remodel of a Phoenix home, the average resale return was over $27,000. The median home sale price in Phoenix is right around $160,000. This means that this relatively minor investment can increase the value of a typical Phoenix home by over 12 percent; when you are negotiating in tens of thousands of dollars, every percentage point of increase or decrease in sale amount is a huge deal.
How do I get the most out of my bathroom remodel investment?
Now that you know a bathroom remodel for your Phoenix home is a great idea, the only question left is how to get the most out of the investment. Here is how:
Get it done ASAP
All of the home value that you gain from a bathroom remodel for your Phoenix home does not solely reside in your ability to maximize the sale price. Don’t forget that as of right now, it is still your home and you should enjoy your newly remodeled bathroom for as long as you are living there.
Get a Phoenix home remodeling contractor to do the job
A bathroom remodel is NOT a do-it-yourself task. You need to use the services of one of the Phoenix remodeling contractors who works on bathrooms. If you opt to do it yourself, not only with the job cost more due to missteps, but you will lose value due to low-quality work.
Why does a bathroom remodel really improve my home’s overall value?
A bathroom remodel for your Phoenix home will reap major sales benefits whenever the time comes. This is mainly for two important reasons: home buyer lifestyle visualization and perceived value.
Perceived value
People tend to exaggerate the value of nice looking things in their minds. Your bathroom’s fixtures are no exception to this rule. For example, a well-placed granite or wooden bathroom sink that only cost hundreds to buy and install could be perceived as having a value in the thousands by virtue of the materials’ rarity—when compared to the traditional white ceramic sinks—and their style alone. Your bathroom’s floors, faucets, shower, tub, vanity mirror, toilet, etc. are not exceptions to this rule. This perceived value translated into a higher selling price for your home.
Lifestyle visualization
People like to envision themselves living in a home before they buy it. As we mentioned in the opening paragraph, they will start planning their interior design schemes as they scan the empty (or soon to be empty) rooms in a home. The bathroom, however, is unique in this regard. Since the changes—if any are made at all—that a home buyer will make to the bathroom are usually very minor, how it looks now essentially defines how their bathroom will look for the rest of their time living there. This means that in order to sell them on the idea of living there, you need to convince them to visualize themselves enjoy going into one of the most oft used rooms in any house every single day.
Is the investment worth it?
A common question that people considering a bathroom remodel for their home ask is, “Does the return on investment make the remodel worthwhile?” The short answer to this question is a resounding yes. But let’s delve a little deeper:
In 2013, the average resale value recouped from what are considered mid-level bathroom remodels for homes in the same time zone as Phoenix was about $20,000. For an upscale bathroom remodel of a Phoenix home, the average resale return was over $27,000. The median home sale price in Phoenix is right around $160,000. This means that this relatively minor investment can increase the value of a typical Phoenix home by over 12 percent; when you are negotiating in tens of thousands of dollars, every percentage point of increase or decrease in sale amount is a huge deal.
How do I get the most out of my bathroom remodel investment?
Now that you know a bathroom remodel for your Phoenix home is a great idea, the only question left is how to get the most out of the investment. Here is how:
Get it done ASAP
All of the home value that you gain from a bathroom remodel for your Phoenix home does not solely reside in your ability to maximize the sale price. Don’t forget that as of right now, it is still your home and you should enjoy your newly remodeled bathroom for as long as you are living there.
Get a Phoenix home remodeling contractor to do the job
A bathroom remodel is NOT a do-it-yourself task. You need to use the services of one of the Phoenix remodeling contractors who works on bathrooms. If you opt to do it yourself, not only with the job cost more due to missteps, but you will lose value due to low-quality work.
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