If there is one thing that we can agree on, it is that renovating an existing home or living space is extremely challenging. Not only is the physical process of transforming your property draining, for example, but deploying your budget effectively can also provide a significant test.
There are some renovations that deliver greater value than others, for example, such as updating and refreshing your bathroom space.
Image: – HGTV
With this in mind, let’s take a look at three core reasons why a bathroom renovation can benefit your home: –
Add Potential Value to your Home
Let’s start with a basic assertion; there is no single renovation project that is guaranteed to add value to your home. Some have proved more cost-effective and impactful than others, however, with a bathroom refurbishment providing a relevant case in point.
Research by HSBC suggests that while costing an average of £4,900 to complete, the successful renovation of a bathroom can deliver an approximate return of £2,350 and a total ROI of 48%.
Even if you are not planning to sell your home at present, investing in the development of a clean and functional bathroom can add value without compromising on its day-to-day usage or appeal.
Make Savings on Energy Costs
Given the aforementioned cost of renovating your bathroom to a high standard, you may also be looking for additional financial incentives to complete the job. These are available in the form of potential energy savings, which can reduce your monthly expenditure over time while also contributing to lower carbon emissions.
The best way to achieve this is by updating the technology that exists within your bathroom, with smart controls enabling you to manage energy consumption in relation to gas, electric and lighting. You can even install water saving products that minimise consumption through the use of a dual flush mechanism on your toilet.
These small but affordable changes create a more efficient and functional space, while also guaranteeing the appeal of your property in the future.
Make the Most of Your Existing Space
We have touched on how some of these improvements help to create a more functional bathroom, and another way in which this can be achieved is by optimising the space at your disposal. This not only drives further efficiency, but it also creates the illusion of space that will appeal to potential buyers in the future.
If you have a restricted bathroom, for example, why not eschew the traditional bath and instead install a three-sided shower enclosure to create a lavish and appealing shower space?
They key here is to invest in technology, fittings and accessories that create a functional and optimised space, while it may also make sense to have the space imagined and designed by a professional.