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If you have some extra cash and want to use it to increase the value of your house in Michigan, you may consider remodeling your bathroom.
Data from Zillow shows that by making certain improvements to your bathroom, you can add a 2.4% price premium to your home’s resale value. As a simple percentage, that might not seem like a lot, but when applied to the cost of the average home sale of $400,000 that’s an extra $9,600 in your pocket!
Before you jump right in and tear up your bathroom, though, you should know about the different types of bathroom remodels.
You also need to know the return on investment (ROI) you can expect to see on a bathroom remodel in Michigan. Only then can you determine what changes to make and whether you should consult an expert plumber for their advice.
You also need to know the return on investment (ROI) you can expect to see on a bathroom remodel in Michigan. Only then can you determine what changes to make and whether you should consult an expert plumber for their advice.
Types Of Bathroom Remodels
There are three standard types of bathroom remodels: midrange, upscale, and universal.
Midrange bathroom remodels involve low-cost, basic upgrades such as ceramic tile, a simple white toilet, and chrome fixtures to give your space a little polish or pop. You can often make these repairs yourself or hire out for a minimal cost.
In an upscale bathroom remodel, you’ll use high-quality materials like stone and glass. You’ll also make big changes like adding heated floors, a rainfall shower head, double sinks, and a freestanding tub. Going fancy can be pricey but it’s also a lot of fun and the end results can make every day feel like a vacation. Quality over quantity!
Finally, a universal bathroom remodel is designed to make a bathroom better for the average user. One example of a universal bathroom remodel would be to make the space wheelchair accessible. Such a project involves upgrades such as a widened doorway, walk-in shower, as well as support bars to name a few. Even if you aren’t disabled, adding a handle to your shower is a practical utility and safety upgrade that can make bathing more comfortable and convenient for both you and your guests.
RELATED: Renovating a Bathroom for Seniors (5 Pro Tips)
ROI Of Bathroom Remodel In Michigan
Each type of bathroom remodel has a different return on investment (ROI).
According to data from Zillow, the national average ROI for a midrange bathroom remodel is 70.1%. However, in Michigan, the ROI falls between 58.8 and 59.2%.
For an upscale bathroom remodel, the national average ROI is 56.2%. Believe it or not, the universal bathroom remodel is actually the most profitable across the nation at 70.6% average ROI. Does this mean you should forego features that you want in favor of what’s best for the masses? Absolutely not. It’s your home after all, and it should be exactly the way you want it. Having said that, if you have doubts or want a second opinion you should contact a professional bathroom remodeling service like the experienced team at Premier Plumbing.
Is Remodeling Your Bathroom In Michigan Worth It?
Since the average ROI on a midrange bathroom remodel in Michigan is only about half of what you put into it, is it worth spending your money on it?
The answer unfortunately is not that simple. It mostly comes down to the state of the housing market in your area. If a certain type of bathroom, such as one that is wheelchair accessible, is more in demand, then a universal remodel may end up being profitable come time for the appraisal.
It’s also important to note that you don’t have to make huge, expensive changes to your bathroom to increase the value of your home.
For example, in 2022, heated floors and spa-like bathrooms have become extremely popular. Installing heated floors can add a 2.4% price premium, while a “spa-inspired” bathroom (think rainfall shower heads, white or light color scheme), will add a 1.8% price premium. These can help you recoup the money you spent on the remodel.
Conclusion: Consult A Local Plumber For An Expert Opinion
Photo by Karolina Grabowska from Pexels
The best way to get a clear picture of what type of remodel will get you the biggest ROI in Michigan, you need to consult a local plumber.
At Premier Plumbing, Inc., we offer online consultations to help you plan your bathroom remodel in southeast MI. We’ll also give you a free quote, so you can decide right away if our services are best for your budget.
To schedule a consultation you can call one of our several locations or visit our free online quote page and a service professional will be in touch ASAP.
Metro-Detroit Plumbing Problems Hotline:
Location: White Lake, Michigan
Phone: (248) 363-5864
Location: Hartland, Michigan
Phone: (810) 632-7420
Location: Fowlerville, Michigan
Phone: (517) 223-4360
Email: [email protected]
Request a FREE repair quote with Premier Plumbing, Inc. online at premierplumbing-mi.com/get-a-plumbing-quote/