If you are getting ready to put your house on the market, updating the bathroom makes sense. Renovating a bathroom adds value to your house and can help you to attract potential buyers, decrease your time on the market and ultimately, get you closer to or even above asking price.

Renovate with Returns in Mind

When it comes to renovating a bathroom for resale, think smart. Consider the things that you look for when house hunting, and add those elements to your bathroom. That does not mean that you should get too style specific; instead, consider adding elements like extra storage in the bathroom, a bathroom or powder room on every level of the house, updated fixtures or lighting and green options like low flow showerheads or toilets. These updates can be showcase features in your house, so make sure your real estate agent points them out to potential buyers who are touring your listing.

As you are planning your bathroom renovation, think neutral. Your home should be a blank canvas that allows potential buyers to come in and put their own stamp on things. If your planned bathroom renovation is too style specific, you risk turning off some buyers who may be looking for something very different. Keep walls beige, neutral grey or white with no more than a pop of color. Remove any outdated wallpaper, and consider replacing overly vibrant tiles with something simpler. Stick to stylish and timeless fixtures, and save any embellishing for removable items like towels or candles. When in doubt, consult with a design and construction professional for help.

Bathroom Renovations on a Budget

Another idea that makes sense when completing a reno to sell is to watch your budget. Remember that your goal here is to increase profits, and if you put too much money into your project, you could end up breaking even or even taking a net loss. Discuss your bathroom remodeling ideas with a general contracting professional, and work with a team that can leverage buying power to secure you the lowest costs on materials and sub-contractors for your renovation. While it sometimes makes sense to complete the renovations as a do-it-yourself project, use caution when taking this approach as you want the finished product to look professional so it attracts buyers and passes all pertinent inspections.

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In addition to discussing your project with a general contractor, it is a good idea to consult with your real estate professional. Ask him to pull area comps to get a feel for the size and number of bathrooms in other local listings. Also, tour a few houses to get more specific details on design aesthetics and quality of workmanship. Remember that you never want to overspend on a renovation because you want to end up with a finished product that people who are interested in your neighborhood will be willing to pay for. In the same way, you do not want to do less than necessary or your house may be viewed as a fixer upper and attract significantly lower offers.

If you are ready to sell and seeking assistance with your bathroom renovation, Alair Homes Regina is here to help. Our general contracting teams always work with budget in mind, and they leverage their buying power to accomplish high-quality renovations for less. Contact our offices today for a free, no obligation consultation.