A new bathroom can increase the value of your home, but it will not recover all of it’s cost when you sell. If you only have one bathroom in your home, putting in a second bathroom can relieve some of the congestion in the one bathroom you have, and make your home more attractive on the real estate market. Here is some information on bathroom additions, cost considerations and their return on investment:
Bathroom addition costs vary.
The cost of a bathroom addition will vary depending on the type of materials you use, labour costs and the extent of the renovation. If you hire a company that does bathroom renovations in Winnipeg, it will cost more than if you do the job yourself, although hiring a professional contractor for a renovation of this scale is always the best idea.
The biggest factor that will determine the cost of the project is whether there is space in your home’s existing footprint for that extra bathroom or if you will have to build that extra space as a complete addition. Converting an area of the basement or using some extra square footage in the master bedroom for a new ensuite will be considerably less than building an addition onto your house for a new bathroom. That addition will require, at minimum, its own foundation, an extension of your plumbing and HVAC system, along with framing, sub-flooring, insulation, siding, roofing and a window.
Cost vs. value of a bathroom addition.
Midrange bathroom additions can recoup about 60% of their cost at resale, according to this article “How much do new bathrooms add to the value of a house?”. The amount that is recouped depends on the region, the current real estate market, the other features your home has to offer along with many other factors. If there is a demand for homes with 2 or 3 bathrooms, your home will compete better if you build an additional bathroom.
Have a good mix of bathrooms in the home.
It’s also important that your home has a good mix of bathrooms. For example, your home should have at least one three-piece bathroom with a bathtub. If you want a walk-in shower, you can include it in a second or third bathroom but always keep at least one tub in the home. Having a full bathroom and a half bath is a good combo. So is a full main bathroom and a three-quarter bathroom, in the basement or ensuite. A bathroom with a shower is always more attractive to buyers than a half-bath but having two bathrooms in the house, regardless of what they are, is always better than having just one.
If you think you’ll be living in the house for a while and you really want a second or third bathroom, chances are you won’t regret the decision to put one in, even if you don’t make the money back when you sell. Your personal enjoyment of that extra bathroom, and the stress it will reduce for your family getting ready in the morning, has great value too!