Bathroom remodels can be a big undertaking. And before you take one on, you might be wondering if it’s a good investment?
Will updating your bathroom increase the value of your home? Will it bring you the enjoyment and/or functionality you need? Is it necessary for your life? These are all essential questions to consider as you contemplate whether or not you should remodel your bathroom.
Will updating your bathroom increase the value of your home?
Potentially. According to the National Association of the Remodeling Industry, homeowners can recoup as much as 50% of the cost they put into their bathroom upgrade. Which means, that a bathroom remodel that doesn’t break the bank, brings joy to your life, and increases the visual appeal of your home isn’t a complete loss.
Will updating your bathroom bring you the enjoyment and/or functionality you need?
Some bathroom remodels are based on need. Some are based on wants. And some bathroom upgrades are based on a bit of both. But before you dive into an update, it’s important to take the time to carefully consider what you want to accomplish. What about your existing bathroom doesn’t work and how can you change that?
Is updating your bathroom necessary for your life?
In some instances, updating your bathroom is essential. It may be that your life circumstances have changes and you need a more accessible bathroom. Or it could be that you’ve added a new family member to your mix and you need something that offers more functionality in the form of a tub (or lack thereof).
Is updating your bathroom within your budget?
The final question you need to consider is whether or not you can afford to update your bathroom. There are very few updates you’ll make that will be completely free. Make sure you have the necessary finances to complete any job you begin before you begin it. The last thing you’ll want is to get half way into the project only to discover you don’t have the funds to complete it.