Remodeling is a great way to add a value to your most important investment, your home. But during recent economic tides, what are the numbers saying about remodeling? A recent study from Remodeling Magazine has analyzed the cost of various remodeling projects, and the value associated with those projects. We’ll look at one of the more popular remodeling projects in recent history, bathroom additions and analyze the best way you to stretch your dollar.
Historically, bathroom remodeling has had one of the highest Return on Investments (ROI). As recently as 2003, the ROI of a bathroom addition was close to %100. Over the last decade, the ROI has decreased dramatically to under %60. Because of this decrease in ROI, it is increasingly important to have a firm grasp on market trends in order to achieve the highest value for your bathroom addition. Let’s take a closer look at what makes a successful bathroom addition in 2012.
A “Goldilocks” size for a bathroom addition is 6’x8′ – not too large, not too small. This allows the right amount of space for the essentials; a vanity, toilet, linen closet, and tub/shower.
A popular look homeowners are looking for in bathrooms include a cultured-marble vanity with a molded sink. Molded sinks have become increasingly popular because of their low maintenance and minimal appearance. However, this is an area where you can have some artistic liberty, especially with the faucets.
Tub/shower combinations will still work, but it’s important to stay away from the “stock” look and dress it up with tile work. You can usually match it with the tile floor and add a decorative tile band for interest. Storage is always an important area for any home remodeling project. If your design permits, it’s advised to add a built in linen closet. Depending on the style of the bathroom, you could also use cabinetry instead. Another way to increase storage in the bathroom is the use of a medicine cabinet.
Lighting is often overlooked in the bathroom, but should be taken into consideration during a bathroom remodel. Using only one source of lighting can be unflattering. Adding recessed lights for ambiance in the shower or above the toilet will not go unnoticed by potential home buyers. The best source of lighting remains natural light. If you are doing a bathroom addition to the exterior you almost have to add a window. But don’t forget to use tempered glass if it faces a major street.
Perhaps most important is adding a bathroom that fits the style of your home. If your home is a traditional ranch home built in the 50s or 60s, it might not be appealing to choose modern fixtures and finishes. Try to stick with a theme that matches the rest of your home, the best bathroom additions don’t look like additions at all.
This is a guest post from author Rob Pankow, owner of Pankow Construction, a leading bathroom remodeling contractor in Phoenix, AZ.
You can read more on the 2011 Cost vs Value Report at Remodeling Magazine’s website –http://www.remodeling.hw.net/2010/costvsvalue/national.aspx