Is a Bathroom Remodel a Good Investment?

With many of us spending more time than ever in our homes and less money on travel and eating out, home renovations are all the rage.

According to Harvard’s Joint Center for Housing Studies, fully 80% of homeowners engaged in some sort of renovation project in June of 2020.

Bathroom renovations rank high on the list, at #5 of top home upgrades, according to the National Association of Realtors’ 2019 Remodeling Impact Report.

Updating a bathroom ranks in popularity after kitchen renos and upgrades, HVAC, and floor replacements.

The most common reason for remodeling a bathroom is upgrading worn-out finishes and materials.

According to Angie’s List, the cost of an average bathroom remodel in the US is between $9,600 and $11,000. Keep in mind this is an average cost, though.

Your cost for a bathroom renovation can vary widely depending on your bathroom size, the extent of the upgrades, and whether or not you DIY or use a contractor.

Is remodeling a bathroom a smart money move?

If you’re thinking about renovating or remodeling a bathroom, there’s some prep work to do ahead of time.