Renovating your home can improve your quality of life and the value of your home.
But having an idea of how much value a remodel could add to your home can make it easier to justify the expense. In the case of a bathroom renovation, the return on investment may depend on the dimensions of the arrangements.
Relatively small renovations may have a better return on investment compared to extensive ones. Along the same lines, adding a completely new bathroom may make the most sense for your personal situation, but the return on investment may be only moderate when you decide to sell your home.
In most cases, the value added to your home will not match your investment. But certain remodels tend to be better than others, so keep that in mind when making your plans.
You’ll also want to consider how certain upgrades can save you money over time, such as energy-efficient lighting and low-flow toilets and showers.
According to a 2021 cost vs. value report by Remodeling, the return on investment in a bathroom remodel depends on the updates you make. Please note that returns are not guaranteed and may differ from national averages depending on where you live and local market conditions.