Renovating Your Master Bath For Maximum Profit
When you live in a home long enough, eventually some neglected areas will beg to be repaired, upgraded or completely remodeled – the basic wear and tear of the property. I met with a woman this week who had uncovered some mold in her master bath and since she’s now faced with correcting that problem, feels it would be the right time to finally update and gut her tired and very dated master bath.
But something else factors in to the equation here. She’s on the fence about whether to stay in her home or sell. Her husband passed a couple of years ago and she’s now faced with a decision as to whether or not she wants to continue living in this spacious home. She is seriously considering a move.
Obviously she’ll want to spend her money wisely – and in this particular situation a new master bath design should appeal not only to her, but the potential buyer as well.
So when considering a bathroom remodel of this kind it’s imperative to resist the urge to spend money on expensive fixtures, fittings and flashy trends that won’t appeal to the demographic you or your agent will be targeting.
Here are a few tips to consider when renovating your bath for a maximum return on investment.
- Know your buyer and renovate with that demographic in mind.
- Commit to timeless and classic materials and finishes, which are beautiful and appealing to that particular target.
- Be aware that homes are typically purchased on emotions and the reality is when it comes to many home improvements – women tend to be the nesters and the ones that will be most impressed with the kitchen and bath designs.
- Design a frameless glass shower enclosure to visually expand the space.
- Select an easy to clean neutral toned stone or quartz for the countertops and complementary floor and wall tile. To make a more sophisticated statement, tile the entire wall surfaces from floor to ceiling.
- Don’t over design the space for the current market – at the same time give it a special touch with accessories.
- Lighting is everything. Bright cheery baths flooded with light will perk up anyone’s spirit!
Whether you ultimately decide to stay or move, plan for a well-designed bathroom renovation which includes high quality materials and finishes. If the space appeals to you, it will more than likely appeal to the potential buyer as well. And that’s more cash in your pocket.
I encourage you leave questions or comments below this post, and fill out the form on the right hand side of this page to receive your free copy of my special report: “15 Money Saving Strategies When Planning Your Home Renovation”
Article by Lori Gilder, Architectural Interior Designer, Los Angeles, Ca. © 2010 Lori Gilder. Interior Makeovers Inc.