CHAPTER 11 Bathroom Renovations and R ations and ROI If you are looking for the greatest sale price ROI on your renovations, the place to look is your bathroom(s). If your home has only one bathroom, you can recoup much or all of your investment by adding another one. HGTV estimates that the ROI on bathroom renovation spending is 80-130%. According to the estimates provided by the Canadian Real Estate Association®, a bathroom remodel can recoup 60% of the amount you’ve put into bathroom renovations. To find room in your house for an extra bathroom, look at extra rooms or underutilized spaces. Consider areas such as closets or spaces under the stairs too. If you want a half-bath you need at least 18 square feet. If you want a full bath, including a stand-up shower, you need at least 30 square feet. If you want a bathtub, make sure you have at least 35 square feet to work with for an addition. While sinking $10,000 into average bathroom remodeling and $26,000 for more upscale renovations (the national averages according to Remodeling magazine) into a bathroom may seem like an extravagant expense when trying to sell your home, the most high-traffic part of your home (what day don’t you use the bathroom?) is very important to the buyer’s decision-making process and subsequently to your home’s value. An immaculate modern bathroom communicates consciously and subconsciously to the comfort, style, and — most important to the seller of the home — the value that the rest of home contains. Nothing is more alienating to a prospective buyer than an outdated, dysfunctional bathroom — especially considering 72
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