Yes! Homeowners with a midrange bathroom remodel can expect to see a 70.1% return on their investment, while an upscale bathroom remodel can net them a 60.2% return, according to Remodeling magazine’s 2023 Cost vs. Value report.
Of course, these are just averages and your actual return on investment will vary depending on a few factors, including:
- The current condition and layout of your bathroom.
- The quality of materials and finishes you select for your renovation, that includes hiring a professional.
- The current real estate market conditions in your area.
Here are 5 high value bathroom renovation ideas that payoff:
1. Replace the Bathtub.
2. Adding Floor and Wall Tiles.
3. Prioritize Ventilation.
4. Lighting with a Purpose.
5. Install Double Vanities if space allows.