Whether you are aiming to increase the rental appeal or resale value of your property, a bathroom renovation project can be a profitable option.
Bathroom renovation can attract high-income renters, especially if you live in wealthy locales like Schaumburg, with a median household income of $85,147.
Every prospective tenant looks for an updated bathroom with great aesthetics and functionality, which can convince them to pay a premium for better living spaces. At the very minimum, even replacing the toilet seat in your bathroom can set the tone for a great renovation.
However, the urge to renovate your bathroom extends beyond attracting more renters or buyers; several other reasons can motivate you to renovate your bathroom, which we’ve outlined below.
1. Increase the resale value of your house
If you plan to sell your house, a bathroom renovation can give you an excellent return on your investment. A bathroom is an important place in any household; therefore, potential buyers often zero in their interest on bathrooms when assessing a property for buying.
Houses with functional and aesthetically appealing bathrooms can attract buyers looking for comfortable, well-designed living spaces.
A clean and nifty bathroom design creates a positive impression, while outdated or poorly maintained bathrooms can turn buyers away. This can set your property apart from similar ones in the real estate market.
Bathroom renovation is particularly fruitful if you live in a place like Schaumburg, with a booming housing market. According to Zillow Homes, the average price of a house in Schaumburg is $301,912—3.2% more than the past year.
A house with a renovated bathroom can be one of the deciding factors for serious buyers in such areas. However, you must seek the services of a qualified and seasoned Schaumburg bathroom remodeling company to make your bathroom fulfill the needs of 21st-century homeowners.
A qualified remodeling company can offer you a blend of functionality and modernity, making your bathroom more desirable for potential buyers.
2. Improve the looks of your bathroom
With time, your bathroom becomes old-fashioned and worn-out due to continuous use and deterioration. The designs, colors, fixtures, and fittings may look outdated, and the plumbing may display signs of failure. All these changes in the bathroom can show its age.
Renovation can be a great way to rejuvenate your bathroom’s ambiance and reflect current styles and trends. With a well-thought-out design, updated fixtures, fresh paint, and quality materials, you can transform your old bathroom into a modern and functional space.
3. Address plumbing problems
Plumbing issues, like leaks, often start as minor inconveniences but exacerbate over time, affecting your bathroom’s aesthetic appeal and functionality.
Leaking faucets are a common plumbing issue in a bathroom, which, over time, balloon into more water leaks and wastage. Even a slow, persistently dripping faucet can lead to water stains on fixtures, surfaces, and even the bathroom floor.
This moisture can damage tiles, flake off paint, and even compromise the bathroom’s structural components as time passes. A renovation can address all these plumbing issues in your bathroom.
Before starting the renovation, identify all the plumbing issues in your bathroom, including leaks, worn-out faucets, and damaged tiles, and replace damaged components as needed.
Fixing plumbing issues in your bathroom will not only increase its useful life but also lead to long-term cost savings on your water bills by reducing water wastage.
4. Accommodate the evolving needs of your family
As your family grows, you might need to upgrade various areas of the house, including the bathroom, to align with the changing needs of your family.
For instance, if you have elderly parents sharing the living space with you, your bathroom should include safety elements such as comfort height toilets, grab bars, non-slip mats, etc. These changes in the bathroom allow your elderly loved ones to use the room without any safety concerns.
Similarly, your bathroom may require a dedicated pet-washing area if you have pets in the house. You may also need to ensure that the floor in the bathroom is water-resistant and durable enough to tolerate water splashes and scratches from your pet’s claws.
Having kids in the house learning to use the toilet and shower space independently can be another reason to upgrade your bathroom. For instance, consider installing soft-close toilet seats for kids, round-edged vanities, shower benches, and handheld showers to promote their ease of use.
5. Make your bathroom energy-efficient
Making your bathroom energy-efficient is a responsible and eco-friendly idea, which can help you reduce your energy bills in the long run. You can install various features in your bathroom to make it energy efficient, including low-flow toilets to reduce water usage.
Another way to make your bathroom energy-efficient is to ensure proper insulation of the walls, floors, and ceilings to maintain a consistent temperature.
Furthermore, replacing old faucets and showerheads with WaterSense-certified models can reduce water usage without compromising performance. In fact, these modern upgrades enhance your experience of using the bathroom.
Additionally, consider installing energy-efficient windows and sun tubes to light up darker corners of the bathroom. These are great options for maximizing the use of natural light to illuminate the space and reduce the need for electrical lighting during the day.
The benefit of windows in the bathroom extends beyond promoting illumination; windows also ensure proper ventilation and keep it dry, reducing the need for exhaust fans. The airiness due to windows also discourages mold growth in the bathroom.
6. Make your bathroom look spacious
In most cases, older bathrooms have less square footage than contemporary bathrooms. Modern-day bathrooms can accommodate the needs of people belonging to various age groups. For instance, due to the larger space, you may find a walk-in shower and a bathtub in the same bathroom.
But the same cannot be done in a small bathroom unless you remove a few walls and change your house’s layout, which might not be affordable.
Instead, you can make the bathroom look more spacious without adding any square footage to accommodate individuals from various generations.
Here are some suggestions for making your small bathroom look spacious:
- Choose light and neutral colors for your bathroom walls and fixtures, as these colors reflect more light and make the space feel and look airy and open.
- Incorporate mirrors in your bathroom to reflect light more efficiently and make your bathroom space feel twice as large.
- If you have a walk-in shower, opt for a clear glass shower cabin instead of an opaque shower curtain or frosted glass to give an impression of a larger space.
- Install modern and efficient storage solutions, such as recessed niches in the shower area or above the toilet, to keep the vanity and other places in the bathroom clutter-free.
Constant use can make your bathroom outdated, declining its quality and functionality. Renovating your bathroom from time to time improves its atmosphere and feel.
Various reasons can prompt you to renovate your bathroom, including giving it a facelift, eliminating plumbing problems, and incorporating modern fixtures, making it worth the investment.