In general, a bathroom can increase your home's value anywhere from 10-40% depending on the quality of the bathroom and its updates. That's anywhere from $20,000-50,000 for cost-effective updates.
While adding an extra bathroom costs money upfront, it also increases your home's value. If designed well and in a house that needs the space, a new bathroom can potentially pay for itself when you sell the property. An average bathroom addition increases your home's value by $20,000 to $50,000.
A bathroom is one of the most essential spaces in your home, so why not make it the best it can be? According to Today's Homeowner, the average upscale bathroom remodel has a 48.8% return on investment, making it a sound strategy for those looking to make improvements.
The average U.S. homeowner spends $103,300 on a bedroom and bathroom addition, but costs can range from $37,500 to $117,000 depending on the scope of the project.
A home without a good mix of bathrooms might sell poorly, as it is one of the most valued rooms by prospective homebuyers. Three-quarter or full baths are often considered more attractive than half-baths when selling a home.
Of course, this percentage can fluctuate between 5-20% depending on the area you live in and the market, but generally, full baths are always in demand and with proper investment, you can look at a $40-50,000 increase to your home's value at least.
If you want to sell your home quickly, the most important thing you can do is to price it appropriately. Having only one bathroom is, unfortunately, seen as a negative thing by most buyers now, so you need to bring your price down a little to account for that.
Repurposing an existing space will cost about 50% less than a completely new bathroom addition, but costs can differ depending on which room you're working in. A laundry room will be cheaper to convert than an attic or closet since a key factor is being able to connect the new bathroom to your existing plumbing system.
The overall cost of a room addition is influenced by several factors including location, materials, labor, and permits. Typically, homeowners can expect to spend between $10,000 to $25,000 for a basic 10x10 room addition, but this can vary widely.
The size and layout of the room, labor costs, plumbing, electrical work, materials, fixtures, and availability of supplies and materials all factor into the final ticket price.
Having said that, we should point out that the profile of any prospective buyer and the area are going to play a big role here. The key takeaway is there's no definitive proof of any significant difference between a bath and a shower when it comes to resale value.
A bathroom addition brings a 53% ROI, on average. It's one of the smartest additions you can add to your home in terms of ROI. This is especially true if your current residence has fewer bathrooms than other comparable homes in your neighborhood or an unfavorable ratio of bedrooms to bathrooms.
You'll also probably want to know the square footage of your home and may be asked for details on the number of bathrooms or fireplaces. This information helps determine the cost to rebuild your home and may help with determining the amount of coverage that fits your needs.
A half bath can be a selling point that sets your home apart. If you're selling your home, keep in mind a bathroom with water damage or a home with too few bathrooms for the number of bedrooms can lose value: There's a reason the number of bathrooms in a home is one of the key figures in any good listing.
The cost of a 600 sq. ft. addition averages $60,000 to $180,000.
Costs of Building Up or Out
As a rule, building out is less expensive than building up and usually takes less time. That's because adding a second story requires complex roof work and the addition of a staircase.
Bump-out additions (also known as micro additions) extend the size of an existing room in your home, often by just a few feet (although they can go up about 15 feet). Compared to other types of home additions, bump-outs are smaller in size, take less time to build, and are more affordable.
Hallways: If your hallway extends all the way to the end of your house, possibly terminating in a window with no rooms on either side, you have the perfect location for a new bathroom.
Additional bathrooms enhance functionality, improve the home's overall appeal, and increase property value. Homes with an ideal bathroom-to-bedroom ratio often sell faster and for a higher price, as buyers prioritize convenience and livability.
But a plain and simple bathroom is a great starting-off position. Get it clean: First and foremost, the bathroom must be clean. There is no way you will make a positive statement if the grout is discoloured and the sealant is mouldy. Add some colour: Look at the current trends for colours and wallpapers.
The math is simple: Each utility is counted as one-quarter, so you add and deduct a quarter for each one, as the case may be. Therefore, a bathroom with a sink, toilet, and shower is considered a three-quarter bath. A bathroom with just a sink and a toilet is a half-bath.