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Investing In Your Property
You can make your home feel more spacious and private by installing an additional bathroom. Believe it or not, your life can be negatively impacted by an overcrowded, disorganised bathroom. For one, it can have you stressing yourself out unnecessarily.
Having only one bathroom can also create the illusion that your house is smaller and prevents your guests from being as comfortable as possible in your home. So, if you've been thinking of adding an extra bathroom to your home to save you from all that stress, you're probably also wondering what monetary value it could add to your home. Read on to learn more!
The Price Of Adding A Bathroom
Adding a bathroom or even a half-bath/powder room to a home is logical because many homebuyers consider extra bathroom space to be a positive attribute when selecting a home. While an additional bathroom typically costs between $20,000 and $50,000 to build from scratch, an average bathroom addition can increase the value of your home by between $20,000 and $50,000.
However, it is still up to the real estate appraiser to determine how much they will set for your home value. Adding a bathroom to your home doesn't have to be an expensive endeavour with the proper planning. There is a wide range of options when it comes to bathroom design.
The average costs of constructing various bathroom types include:
- A standard bathroom is about $47,000.
- A more luxurious bathroom would cost around $87,000.
- A half-bath costs about $15,000.
- A powder room without a shower can cost between $5,000 and $10,000.
- A three-quarter bathroom can range from $10,000 to $18,000.
The average price to add an extra bathroom varies considerably based on your plumbing needs, personal preferences, and style. Using more expensive materials or building a larger bathroom is more expensive than other options.
Even with just 0.9 metres by 1.5 metres of space, a half bath can be built, and 30 square feet is all that is needed for a full-size bathroom with a bathtub and shower. The average bathroom only needs to be about 1.8 x 2.4 metres in size to be considered adequate for a family of four.
Many of the initial costs can be recouped when the time comes to sell the house. Specifically, the value of your home can rise by up to 20% due to the addition of a new bathroom. Adding an additional half bath or powder room can raise the value of your home by about 10% in the long run. The cost of adding a powder room is far less than the cost of adding a full bathroom, so this is a significant increase.
Here's What To Know About Adding A Bathroom
Adding a bathroom to your home is also a smart property investing tactic for both your comfort and financial well-being. If you've taken a look at property news, you will notice that extra bathrooms are highly considered to be valuable in homes. However, before embarking on a home improvement project, it is crucial to consider it.
Your home's size, location, and quality are all essential considerations for increasing its resale value and improving your quality of life while also lowering your expenses. In terms of sheer size, the question of whether to build a half-bath or full-bath should be the first to be decided. It's critical to figure out how much space you have.
While bathrooms don't require a lot of space, efficient use of space can make a big difference in creating a functional bathroom that doesn't feel cramped despite its size. You can save money on building and plumbing costs if you take the time to plan out the placement of your bathroom sink, toilet, and shower.
Additionally, you should consider the number of bathrooms in your home. Each additional bathroom can actually decrease the value of your home, making the investment less worthwhile if you have more bathrooms than bedrooms.
Choose A Location For A Bathroom In Your Home
Deciding on the location of your bathroom is also critical. Having a bathroom in an awkward location is inconvenient and devalues your house, resulting in a loss of money. You can save money by using a previously unused area of your home.
Converting walk-in closets into bathrooms is a simple process. A storage area located at the end of a hallway can double as a guest bathroom. Additionally, a large bathroom can be divided into two smaller bathrooms, which gives you more privacy and increases the estimated value of your home by a considerable margin.
If you have a large bedroom, like the master suite, you might be able to create an ensuite by dividing up the space. Adding a bathroom to a bedroom increases the value of your home and your quality of life by providing more privacy.
Considerations When Designing New Bathrooms
Your new bathroom's resale value will rise or fall in direct proportion to the features you include in it. Standard chrome faucets and stone sink countertops work well in the average bathroom. For improved bathrooms:
- Think about getting a double sink with a custom handle and faucet.
- Match the floor and wall tile to create a unified and upscale appearance.
- Improve the bathroom's functionality by including a bathtub and separate shower.
For bathrooms with a smaller budget:
- When it comes to bathtubs and showers, consider using less expensive materials like fibreglass.
- Reduce your tile spending.
- Be open to new alternatives to full bathrooms that could save you space.
Full Bathrooms Vs. Powder Rooms
Here are a few factors to know about powder rooms:
- Bathrooms that only have a toilet are known as powder rooms.
- In comparison to full bathrooms, they take up far less room because they don't have the shower or bath that is typically found in a full bathroom.
- They are ideal for use on the main floor, near the living room.
- They are typically constructed for the benefit of guests.
- Building materials and plumbing costs are significantly less expensive than in a traditional bathroom.
Here are a few factors to know about full bathrooms:
- These typically include a shower and, if necessary, a bathtub.
- Because of their higher functionality, these are better suited for regular occupancy rather than temporary guests
- Placed within or close to a bedroom, these bathrooms are intended for solitary or semi-solitary use.
Finding Room For A New Bathroom
Are you concerned that you don't have the space for a bathroom in your home? Think again! The addition of a second or even a third bathroom can be done in almost any home. It doesn't have to be done by expanding the property.
You would require a 1.7 x 2.5 metre room to accommodate a full bathroom with a bathtub, while a 10.9 metre area would suffice to add a half bath. If you're looking to add a bathroom, below are a few places where you can find extra space.
Adding a master bathroom doesn't necessitate the demolition of an existing bedroom. You can also add a shared bathroom between the bedrooms. Once you've finished the bathroom, you won't even notice the extra feet you lost.
Hallways alone can account for up to 2.8 or 3.7 square metres of unused space in your house. You could easily convert this unused area into a small bathroom. But of course, not right in the middle of the hallway!
You can also use the space in a bedroom's walk-in closet or the linen closet in the hallway. Extra shelving in either the bathroom or the bedroom is an easy way to keep things from piling up.
If these choices don't work for you, you might want to think about adding a small wing to your house. It's a relatively small expense to pay to get an extra bathroom in your backyard.
Adding More Value To Your Home
When deciding which project will add the most resale value to your home, it's critical to consider your location and current home value. As a rule, lower-priced properties benefit more from bathroom remodelling than higher-priced ones, but there are exceptions. Adding value does not equate to calculating return on investment (ROI).
Subtract the project's cost from the expected increase in home value to see if it's worth spending on or taking out a home loan. Remodelling and new construction expenses can be partially offset by an increase in the value of your home, as previously mentioned.
Choosing the suitable building materials, the right location, and the right features to include in your new addition can help you save money while increasing the space's utility and value. Adding or renovating a bathroom can increase the value of your home by between 10 and 20%. To get the uttermost value out of your money, be sure to work with professional bathroom designers.