When prospective home buyers are on the hunt for their next forever home, they are looking for the most value and space for their money. Basement renovations, including basement bathroom remodelling may be just what home buyers are looking for to set your home apart. These types of renovations definitely add value and interest to your home and are worth every penny of the initial investment. Basement bathrooms are notorious for being dark, dingy and the opposite of relaxing; however by creating a spa-like, serene atmosphere, compete with a soaker tub, his and hers sinks and a luxurious shower, you will positively impact the resale value of your home, while attracting more serious buyers. Bathroom renovations are notoriously wise investments as, in most cases, all of the money spent on the renovation will be made back in the sale of your home. Also your home may be listed on the market for a much shorter period of time, possibly inciting a bidding war for the best home in the neighbourhood!
The most costly bathroom renovations generally occur when the current layout and blueprint of the bathroom is completely transformed. The bulk of the expense comes from the cost of relocating plumbing fixtures and ordering specialty sized or custom made furnishings and equipment. If you can possibly work within your current blueprint, you will save exponentially on the overall cost of your renovation. If you are content with the current location of your shower, sink and toilet, than you can expect to save half of the cost of an alternative renovation. If you envision a completely different set up than what your bathroom currently offers, it is wise to create a list of wants, needs and dreams to determine the items you will be able to upgrade with the current budget you are working within.
Basement renovations, including updates to your bathroom can be completed on a budget and offer a world of value to your home. If, however working within a budget is not an obstacle for you, you may consider a complete home renovation to develop the dream home you have always wanted. In many cases, older homes offer larger yards, bigger rooms and more ‘space’ in general; therefore it may be a wise investment to buy a property that is not brand new and customize it to the specifications you would love. A full home renovation could give you everything on your want, need and wish lists, while maintaining the integrity of an older structure. There are many century homes with beautiful architectural details that you would not find in a modern home and may be worth the expense to renovate the entire building to suit your needs and the needs of your family.
For most people, however, full home renovations are not in the budget. Therefore it is important to spend your renovation dollars wisely. When prospective home buyers are on the hunt for their next forever home, they are looking for the most value and space for their money. Basement renovations, including basement bathroom remodelling may be just what home buyers are looking for to set your home apart.