Is Installing a Second Bathroom a Good Investment?
Paula Tysoski
Saturday, February 2, 2019
Is Installing a Second Bathroom a Good Investment?
Home renovations can be fun, exciting, rewarding, and a great way to increase the equity in your home. The decision to add a second bathroom is a big one, but it’s a decision that can add a lot of value to your home and the benefits of adding a second bathroom to your home are many, including:
- Desirability for future buyer:
- Homes with more than one bathroom are often more attractive to buyers
- The majority of buyers love a ‘move in ready’ home and often do not have the knowledge or cash available to do these types of major improvements.
- Increased property value:
- Adding a second bathroom does increase the value of your property, things to consider are
- How long are you planning on staying in the home?
- Do you need the additional bathroom while you are there?
- Some reports say you can expect to recoup about 50% of the cost of the installation but it is near impossible to measure that in a resale home unless your competitor is the exact same home in the exact same condition, such as with new construction homes.
- Desirable types of bathrooms such as an ensuite will also add value.