Hackney Vendors – How Much Value In Adding A Bathroom?
You don’t have to sell your home to consider the benefits of adding value. If you don’t intend to sell your home for many years, you benefit from the improvements, and hopefully, your home life is happier or more productive. However, in a competitive market, improving your home in a manner which effectively adds value attracts buyers, and helps you sell your home.
There are many ways to add value to a home, but it is right to say that adding a bathroom adds value to a home. For convenience, comfort and grandeur, a property with two bathrooms offers more than a home with just one. Even if you consider the bathroom to be the most functional room in the house, adding a high-quality home may help you sell your current property faster, or for a better price.
There is value in adding a bathroom at home
A study by Direct Line Home Insurance and this figure is in line with other studies, suggests adding a bathroom increases the value of your home by 5%. At the time, this improvement would have added £12,000 to the value of the average property.
There are regional variations to consider, and personal taste may influence the changes a homeowner makes, but with the average cost of installing a bathroom coming in at around £5,000; it makes good financial strength.
How many bathrooms should be added?
While a one-to-one ratio seems ideal, a house isn’t a hotel, and this may be overkill. However, if a property has four bedrooms, the house should have a minimum of two bathrooms. Estate agents could quickly point out that a home has never failed to sell because of having too many bathrooms, but having too few bathrooms is commonly cited as a problem for buyers looking at houses.
The emergence of en-suite options has changed the way people look at bathrooms around the home. Added privacy for family members is essential, and in a busy household, en-suite facilities can save time and minimise arguments. When some buyers look for sufficient bathrooms, it isn’t the bathrooms that are the driving factor, and it is the motivation to reduce disputes and family feuds. If an additional bathroom or en-suite facility makes for a more peaceful and relaxed home environment, it will be money well spent.
Equip the house for modern life
You also don’t need to be worried about an en-suite option holding less value than a standard bathroom. The Direct Line survey mentioned before indicates an en-suite addition can increase the value of the average property by 5.1%. While the idea of lounging in a bath for an elongated period is a luxurious thought for many life, modern life often prevents most of us from whiling time in this manner. An en-suite facility equipped with a shower suits the pace of contemporary life, and it doesn’t take up too much room.
If you are planning on selling your Hackney home in 2020, contact us to arrange a property viewing. We have helped many Hackney homeowners sell their property, and we can assist you in adding value to your property. To improve your home and enhance your sales prospects, please contact Wild & Co today.