Project #1: Basic Bathroom Remodel
If you are looking to update your home and trying to determine the best bang for your buck, start with your bathroom.
A basic bathroom remodel may give you a 100% return on your investment. It’s important to be cautious with your budget for the finishes. You can easily spend $15,000 to $40,000 on a high-end bathroom and you won’t get that much in return. But if you stick to around $10,000 you should see your home value go up by about that much.
For a $10,000 budget you can expect the following items:
- A new 5 foot tub
- Tile surround on tub
- New Moen Faucet for tub/shower
- New Toilet
- New single sink vanity or pedestal sink with faucet
- Tile or vinyl floor
- New 2 or 3 light vanity light
- Mirror
This type of hall bath remodel can add a great value for your family and home. Going through this process you will be able to work with your renovation specialist to pick tile for floor and bathtub surround and pick a bathroom sink that fits the style and needs of your home.
When deciding on sink, light fixtures and mirrors you can either go with standard selections or you can make a statement by picking finishes that speak vintage or modern contemporary. For example, going with a standard single sink vanity could fit in any era but you can also go with a vintage pedestal sink with chrome faucet fixture that makes a statement.
Just remember to stick to your budget so you will see the most return. Decide up front what matters most to you. Have fun and enjoy the process!
Stay tuned for the 2nd renovation project we’re covering for the best ROI: Basic Landscape