Whatever the reason for your bathroom renovation, you should set yourself up for success by preparing for what could easily become a major financial commitment. Learn if your bathroom renovation is worth the investment and read our top 5 tips to avoid costly renovations before embarking on your project.
Is It Worth It?
Well, this depends on the purpose of your bathroom renovation. If it is entirely personal and you want to upgrade your existing bathroom, then it can be worth it. If it’s to add resale value to your home, you may want to consider some numbers first.
Some costs to expect in a typical bathroom renovation can be anywhere between hacking, masonry, carpentry, electrical, materials, and plumbing. Your primary interest will be a return on investment (ROI) if you are looking to renovate your bathroom before selling your home.
It is important to know that the average return on bathroom renovation projects is around 70%. This isn’t the lowest ROI, but it can become an expensive endeavour. You may better answer the question—is it worth it—if you can cut costs on your bathroom renovation while taking advantage of the ROI.