First impressions are everything when looking for a new home to purchase. With today’s technology and competitive real estate market, most buyers will first look at homes online to see photographs of the exteriors and interiors of houses. If a house looks dated and in need of bathroom remodeling, the potential buyer is going to scroll to the next property in his or her price range.
While some potential buyers are looking for a fixer-upper, many are not. In today’s market there seems to be two typical types of buyers: The first is the person or family that wants a move-in ready home with minimal to no renovations or upgrades to deal with. The second is the spec builder or flipper who is looking to rebuild or remodel to resell at a profit. If you are not sentimentally attached to your home, or you are not concerned about getting the best price, sell it as is to the equally unattached buyer.
The buyer that wants a move-in ready home tends to look for those special details that they just “love” and can’t live without. These are commonly exterior curb appeal, exceptional and highly functional kitchens, and elegantly updated bathrooms.
Bathrooms that have dated plumbing fixtures and the old standard 4×4 ceramic tile walls and floors do little for the modern buyer. With the wide variety of beautiful and efficient plumbing fixtures available, and the incredible array of finishes, who wouldn’t want stunning and pristine bathrooms in their new home? Yet, not many potential buyers want to spend the money or time to do the actual remodeling.
So, should you, as the seller, tackle the job of updating your bathrooms for resale? According to the National Association of Realtors, bathroom renovations can bring a 58% return on investment. This is much better that incurring a loss because a potential buyer wants to deduct the cost of the renovations from your asking price. You can expect to invest anywhere from $14,000 to $20,000 for appealing upgrades to each of your bathrooms, according to a professional source quoted by HGTV.
Industry experts recommend that you minimally change out your plumbing fixtures, faucets, floor and wall finishes, and lighting fixtures. You should also consider adding functional and modern accessories, such as towel bars, mirrors or medicine cabinets, storage cabinets, soap and shampoo shelves in showers, and frameless glass shower enclosures. While remodeling, it is wise to have a licensed plumber make any necessary upgrades to your rough-in plumbing, such as the supply and drain pipes, if needed. Documented plumbing and electrical upgrades are always a plus when selling a home
Signature Kitchen and Bath in Phoenix, AZ has many years of experience in remodeling bathrooms that will appeal to you and to the emotional buyer. The company is dedicated to working with your budget and design sensibilities, no matter the size of the project. Designers will meet with you to assess your needs and will work closely with you to choose the appropriate fixtures, finishes, and accessories. A project manager will work with the construction supervisors to ensure that the intended outcome is achieved. The team at Signature specializes in transforming your space into an oasis of relaxation and elegance. Take a look at the gallery of bathroom inspirations, as well as the relevant blog posts with tips and ideas for your bathroom renovations.