Adding a Second Bathroom: Will It Increase Your Home’s Value?
Having a second bathroom in the home is like having a second sanctuary. Maybe you live with a large family and the whole one bathroom thing just isn’t working out, or maybe you just think that walk-in closet near the living room would be best served a half-bathroom or powder room. The question as to whether adding another bathroom will add value to your home is another question altogether. The answer, however, is that it depends. There are a lot of things to consider when it comes to classifying whether adding another bathroom will bring more value. Some of it has to do with practicality and some of it has to do with aesthetics.
First, it is important to understand the real estate market and what the determining factors are when a remodel or an addition to a home could potentially increase the asking price of the home. For instance, kitchen islands are very popular right now and adding one to your home is very simple and affordable, but how much added value it will bring rests on how necessary it is. If it is a single story home with one bedroom or a condominium with only a junior suite, a kitchen island might be superfluous – it might even bring down the value.
When a home is appraised, one of the things an appraiser will look at is how practical the home is. If there are five bedrooms you can assume that a family with two or three children will purchase the home. There will be enough bedrooms for all, but what about the bathrooms? If there are only one or two bathrooms in the home you can safely assume that each morning there will be a small civil war over who gets to shower first. This can decrease the quality of living and thus, the asking price of the home. In this case, adding another bathroom is definitely worth it.
Next, you must consider the aesthetic evaluations when it comes to adding an additional bathroom in the home. Not only is it important that the remodel of the bathroom is aesthetically pleasing and matches the rest of the home, but also that the bathroom fits with the layout of the home and the floor plan. It would be unwise to turn that small guest bedroom into a bathroom, because you have essentially just eliminated a crucial element of the home. Yet, you might have a spare closet or walk-in closet that would be perfect for an extra bathroom.
Lastly, when it comes to aesthetics – it must also be combined with practicality and efficiency. For instance, SanifloDepot.com has some gorgeous toilets that with just one look from a buyer would incite them to shout, “I’ll take it!” Not only that, but you should also include water and energy saving appliances, and compound them with other attractive elements, like new tile and stainless steel. When it comes to remodeling your bathroom, a strong wow factor never hurts and will definitely help raise the value of your home.