When it comes to enhancing your home’s appeal and functionality, few renovations hold as much potential as upgrading your bathroom. If you own a property in Northampton, you might be asking yourself: ‘will renovating my bathroom add value?’ Our expert team at Horts all agree that a quality bathroom can add value.
A study by Direct Line Home Insurance, revealed that updating a bathroom can increase the value of a property by almost £9,000. That’s around 3.5% of the average UK property’s value*. So let’s look at bathroom upgrades and explore why they are a sound investment for homeowners.
Best Renovations For Your Property
Your property’s value can be influenced by many factors, including the condition of your home. Replacing kitchens and bathrooms are two of the biggest expenses when it comes to renovations, and two of the best! However, before embarking on a renovation project, weigh up the potential return on investment (ROI) versus costs involved.
The bathroom isn’t just a functional space, it’s a calming place where relaxation, self-care, and rejuvenation can happen. So let’s explore the question ‘will renovating my bathroom add value?’ should you decide to sell your home in the future.
1. Enhanced Aesthetic Appeal
Aesthetics play a significant role in a bathroom’s appeal, therefore a beautifully designed, modernised bathroom can create a lasting impression. Picture stylish fixtures, contemporary tiles, and a clean, inviting atmosphere. These elements can instantly elevate your property’s charm.
2. Improved Functionality
Functionality is paramount in any living space, and the bathroom is no exception. Outdated or inefficient fixtures or layouts can hinder daily life and deter potential future buyers. A thoughtfully planned renovation can optimise the layout, enhance storage options, and improve overall functionality. This makes your home more attractive and offers a more comfortable lifestyle for you and your family.
3. Energy Efficiency
The UK is increasingly focusing on sustainability and energy efficiency, so this means installing eco-friendly features can be wise. By adding low-flow toilets, LED lighting, and energy-efficient extractor systems, you can reduce utility bills and appeal to environmentally-conscious buyers.
4. Increased Property Desirability
Homes with multiple bathrooms are often more desirable, especially for larger families or those seeking added convenience. If your renovation involves adding an extra bathroom or converting a cloakroom into a shower room, it can boost appeal and value.
5. Staying Current with Market Trends
The property market in the UK is always evolving, and bathroom trends can influence your home’s value. With this in mind, features like walk-in showers, freestanding bathtubs, and smart bathroom technology are becoming more sought after. Staying up-to-date with these trends can ensure your bathroom renovation fits with current buyer preferences, increasing your home’s marketability.
Considerations for Northampton Homeowners
It’s clear that the answer to ‘will renovating my bathroom add value’ is yes! However, as a homeowner you should approach your project with consideration.
1. Bathroom Budget and ROI
Establish a clear budget that reflects your property’s overall value. Striking a balance between renovation costs and expected increases in property value is crucial. Research local property prices to gauge the potential ROI of your bathroom upgrade.
2. Bathroom Planning and Design
Effective planning and thoughtful design are essential for a successful bathroom renovation. Consulting with a professional designer can ensure your renovation results in a space that adds real value to your home.
3. Quality Workmanship
Investing in high-quality workmanship is vital to ensure your bathroom renovation stands the test of time. Cutting corners on materials or labour may lead to costly repairs later, which can negatively impact your home’s value.
4. Building Regulations for bathroom Renovations
Familiarise yourself with building regulations for bathroom renovations because failure to comply could mean complications and affect your home’s value.
Enjoy Bathroom Benefits Now – And Plan for the Future
A bathroom renovation done well has the potential to add significant value to your home while also making your property more appealing to future buyers or tenants.
If you’re a homeowner thinking about renovating your property in Northampton and are wondering how to improve the value of your home, get in touch with the team at Horts. We would love to hear from you and give you some guidance. We can also offer a valuation on your property.
Contact us at northampton@horts.co.uk or call on 01604 639933.
*NB It’s important to note that various factors, including location and local property market conditions, can influence the actual impact of a bathroom renovation on property value.
