(ARA) - With the slowdown in the real estate market, more people are looking for ways to add value to their homes and make them stand out from the rest. One area that is of high interest to both buyers and home investors is the bathroom.
According to Realtor Magazine, the national average return on investment for bathroom remodeling is between 93 and 102 percent. In large metropolitan areas, the return ranges from 116 to 136 percent. So, many people actually make money when investing in a bath remodeling project.
"The bathroom is one of the most highly valued areas of a home," says Eric Saviskas of Bath Fitter, a custom bath, shower and wall company. "There are ways to refresh a bath area at a fraction of the cost without the hassle of a traditional bath remodel while adding value to your home."
Here are some things to consider so you get the most out of your remodeling dollars:
Bathtubs and Showers
The focal point in most bathrooms is the bathtub or shower. Sprucing up the main focus freshens up the entire bathroom. One option that is much easier than ripping out the old tub is to have an acrylic bathtub liner installed right over your existing bathtub.
The high quality material is easy to clean, has a lifetime warranty and is a permanent solution. The process takes about a day, meaning your bathroom won't be out of commission for weeks. Customize a look -- including color, style and accessories -- that is perfect for your home.
Lighting is an essential element in a bathroom, but over time lighting trends change and bathroom fixtures can get worn from shower moisture and other byproducts of a daily routine. Replacing fixtures with modern designs can make a bathroom pop with decorative style that not only looks good, but is functional. There is a wide price range for light fixtures, so you can easily pick one that fits your budget.
CHRISTIAN FLEURY Enlarge
A new paint color can dramatically enhance the appearance of a room and the good news is that bathrooms are usually smaller in size so you can paint them in a day or two. Remember, when painting a bathroom you should use a mold- and mildew-proof primer.
What colors are popular right now? The bathroom is a room where many people experiment with bold designs that they might not consider in larger areas. Rich red and coral tones paired with white can give a clean and upbeat look while blue tones paired with creamy, sandy details can give a spa-type appearance. Standard light colors are always good, so feel free to choose what you like best.
Finalize your bathroom remodel by adding several new accessories. How about new towels that match your wall and tub color? Or a new soap dish and organizational rack to clean up the countertop? You can update your drawers by changing the handles to a modern-looking chrome or brushed-metal style. Small details are the icing on the cake and can be a great way to finish a room without a lot of cost.
"Bathrooms can be enjoyed by the current homeowner and add value if they ever choose to sell their home. These ideas can revamp a bathroom on a budget in as little as one day and I think you'll be surprised at the results," says Saviskas. Courtesy of ARAcontent