Why upgrade your bathroom to a higher spec when thinking of selling or renting?
So you’ve made the decision to sell your house or to rent it out or you’re a property developer and you have a new house or flat ready to develop. The choices available to you are vast with lots of questions to be asked and a budget to be made and hopefully kept to. One question which may well be asked is should you upgrade/re-design the bathroom? or leave it how it is (assuming the bathroom is in no need of immediate repairs just general ware and tear). This question may from the outset seem like a trivial one with not much really to think about if the bathroom is still in pretty good nick, why change it? Hopefully over the next few paragraphs I may persuade you otherwise to change your mind.
The bathroom is a place where on average a person living up to the age of 75 spends a year and a half in over their lifetime. That is simply put a staggering amount of time to be spent in one room. Bearing this in mind and that the time frame stated above will only increase due to improved health care and so people are living longer. So with all that time being spent in the bathroom I’m sure everyone would want a bathroom that deserves the many hours and days that are accumulated there. This is just one small reason to deck your bathroom out sufficiently enough that it is comfortable and stylish for your potential new owners or clients.
But why kit your new bathroom out to a high standard surely a quick lick of paint or a few extra tiles will do the job, why pay more for a higher end finish when you’re not even going to enjoy the benefits? Well simply put you could make more money through a little extra investment and effort.
The extra investment and effort of re-designing could mean you reap a profit higher then your investment and well worth the extra effort. This is because the bathroom is such a key room in the house as already mentioned we spend over a year in it over our life time. But a well styled luxury bathroom is as big a selling point as a garden or a garage if styled correctly. Take the bath tub as an example, who doesn’t like to come home after a hard days work on a cold winters evening and not want to jump into a wonderful hot steamy bath for relaxation. The bathroom is viewed as a place of comfort and security, a place where you can unwind and de-stress while also being a place that has extreme health function practicalities (a sophisticated way of saying its got a toilet in it).
This close connection that people have with a bathroom is a unique selling point and one that can be exploited for you to gain more profit (if selling) or a better rental value. An average looking bathroom will not produce the wow factor that would be needed to produce the highest potential financial gain. With the current housing market being rather slow any improvement to your house could entice that all important buyer to sign on the dotted line and what better room to start your re-decorate then the bathroom.
Potential buyers/renters look primarily at the kitchen first (as this is the room where the majority of family life circulates round) followed swiftly by the bathroom. The re-decoration of both of these two rooms would transform the re-sale/rental price of your home. Giving you the boost you need to sell your home (hopefully at a higher price) or a long term rent (again hopefully at a higher price).
I hope this little blog has made you think about re-decorating the bathroom to a higher spec and that if carried out the potential increase in revenue is attained. Any comments are always welcome, thanks for reading.