Dramatically Increase Property Value with an Extra Bathroom
March 16, 2009 by Thomas Johnsen
Filed under Bathroom
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If you’re the lucky owner of your own home then you have a lot to be happy about. Even though prices of property will go up and down over the course of time you will always find that prices will increase in the long run.
Increasing the value of your home doesn’t have to be a passive thing. By adding something like an extra bathroom will benefit the overall value significantly and will help you when and if you’re looking to sell the house sometime in the future.
Something as simple as a basement bathroom will not only be easy to add but you’ll also be able to do it fairly cheaply by following these simple tips and guidelines.
Tip #1: Instead of thinking about what you might like in terms of colors and interior decoration think of what the common homeowner might like. If you try to design the room to fit the taste of the majority you’ll be much more likely to get that extra value increase you’re looking for.
Tip #2: Go hunting for bargains. Do not rush out and buy things at the price that they’ll normally cost. Spend a little time finding the good deals and maybe even go look for wholesale deals or closing sales. You can save thousands on this account.
Tip #3: Do not go for luxury and highly priced products. Don’t choose Italian tiles and the latest design in toilets. People are not likely to pay extra for these kinds of things and you’ll only decrease the potential profit you’re trying to create for yourself.
Tip #4: If you’re a handyman and you know how to do most of the basic work around the home you’re in luck. The biggest expense by far when creating a new bathroom is the payment you’ll have to make to have other people install everything for you. The more you’re able to do yourself the more money you’ll make.
By taking each of these four steps and running with them you can literally add thousands of dollars to the price of your home. And that is not all. Having a new bathroom in the basement will also help you sell the home faster.
