A new bathroom can increase the value of your home. If you replace a tired, old bathroom with a modern one or even add a bathroom onto your home, you will raise the overall value of your own. A mid-range bathroom could cost you upwards of $25,000 to completely add onto the home. Converting an existing space if significantly cheaper.
Still, most people find it’s hardly worth the time or money investment to add a new bathroom. Why? Well, the National Association of Realtors says that a new bathroom will only return about 60 percent of its cost at sale time. If you are handy with DIY projects, that might be worth it, especially in Florida where a homeowner is allowed to be their own contractor. On the East Coast, the average ROI is actually less than 50% if you have professionals install a new bathroom.
There is one thing that might cause you to want to add a bathroom. If your home has enough bedrooms for a large family, keep in mind that a home with a single bathroom or 1.5 bathrooms is far less desirable than a nearby home with two bathrooms. So, even if it doesn’t raise the value of your home, it may very well increase the pool of potential buyers to add that additional bathroom to your home. It’s a hard choice, but if you meet with us, we’ll be happy to give you suggestions so that we can come up with the ideal gameplan for you.
We Are Your Indian River County Experts
Please consider our team at Alex MacWilliam Real Estate whether you’re selling your home or looking for a new one. We love helping make people’s dreams come true. Plus, we’re experts in this area. Want to find a place to golf in Vero Beach? Just ask one of our skilled realtors while touring your potential new house! Our realtors will try to answer any questions you might have about amenities you can find nearby. Also, check out our Vero Beach relocation guide.
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So, if you are considering relocating to Vero Beach, please contact us today. Our real estate team is extremely knowledgeable about the area and can find the perfect home for you. Call us at 772-231-6509 to talk to a Realtor® in Vero Beach, FL today. We can search the MLS and find your dream home.