There are a few major upgrades that can bring significant increase in your home's resale value and a bathroom remodel is one of them.
Of course, along with some huge ROI, home remodels and renovations also result in large piles of junk and construction debris removal tasks. So, what do you do with that?
Is a Bathroom Remodel Worth the Cost and Effort?
That is a fair question since many master bath upgrades are done in homes simply to increase a home's "reseal value."
But does it really provide a worthwhile return on investment?
If your master bath is over 10 years old and the fixtures are outdated and showing visible signs of wear and deterioration, a minor upgrade or renovation is certainly in order. However, engaging in a major remodel may not necessarily bring you the desired increase in resale value you may be hoping for.
First let's look at the differences between a renovation and a remodel.
According to one custom home builder's definition:
The words “renovate” and “remodel” are often used interchangeably when it comes to real estate, contracting, and interior design. However, for professionals working in one or more of these industries, these terms actually entail two very different things. Essentially, the difference between them is that a renovation refers to restoring something to a previous state, while a remodel refers to creating something new.
For many homeowners, renovating or remodeling their master bathroom is simply a matter of improving their existing fixtures and look in order to have a "nicer" bathroom. For some, it is giving themselves the luxury bathroom they've always wanted. And for these homeowners, the "ROI" is simply an improvement in their overall quality of life and enjoyment of their home.
For others, however, the goal is to increase the resale value of the home. And this can be a bit tricky depending on the current expectations of the market.
When Remodels Matter - Or Don't
Not all remodeling projects are created equal.
In fact, the real estate and housing markets shift continually in terms of what is sought after by prospective home buyers. One year it's ultra-modern kitchens; another year it's finished garages or luxury master baths.
And, traditionally, there are few - if any - home improvements that will net 100 percent or more of the actual cost invested in the improvement.
With all that in mind, it can pay to know what your proposed master bath (or any other) remodeling project might net you in ROI in terms of your home's resale value. Fortunately, there are great resources for determining that.
Remodeling's annual Cost vs Value Report is an indispensable guide that provides specific project forecasts for specific regions throughout the United States.
In 2022, for example, a major bath remodel costs an average of $42,105 nationally, and brings a value of $23,869, which calculates into a 56.7 percent return on cost for the project. This is a bit less of a return than was possible in 2019 when it was 62.5 percent. However, the project cost was also over $8,700 less three years ago.
And that's not all that has changed.
According to a survey of real estate professionals by Remodeling magazine, the average cost recouped on 22 popular remodeling projects came in at about 60 percent nationally in 2021, down from 63.7 percent in 2020 and 66.1 percent in 2019.
In fact, a major remodel may not be the best option if you are only looking to increase home value.
According to Homelight.com, a midrange remodel of a 5×7-foot bathroom for $24,424 recoups about 60 percent of its cost at resale, compared to an upscale bathroom overhaul, or 55 percent.
Regardless of whether you end up going with a manageable renovation project to spiff up your old bathroom, or opt to go all out with a major bathroom remodel to have the room you've always dreamed of, you still gotta clean up.
And we're talking about much more than dust, dirt, and broken bits of tile.
Bathroom and other renovation or remodeling projects can result in large amounts of debris, junk, large and bulky fixtures, and other items and materials that must be removed and disposed of. And, unless you have a pickup truck and the means to load it, all this rubbish and debris will have to be loaded and hauled off some other way.
The good news is that you have a few options.
If you've engaged the services of a contractor for some or all of the project, he or she may be able to handle the construction waste removal for you. Otherwise, you can call on a professional junk removal service like Junk King.
We can come out to your home once when you're finished and remove all the piles of debris and waste materials, or make a few trips as you're working through your project. This is the easiest and perhaps quickest solution for your construction waste removal needs.
However, you can also make use of one of our MINI Dumpsters. These large-capacity, but user-friendly sized roll-off dumpster rentals can be used to "stage" and contain all your debris until you're ready to have us come and pick it up for removal.
Either way, construction waste removal from your home remodeling project can be a breeze!
Junk King - For Easy Construction Waste Removal
No matter where you live, Junk King can remove your old bathroom fixtures and other remodeling debris for you.
Once you decide to outsource this task and have someone else haul away all the trash, junk, and debris from your home renovation or remodeling project, you need to the right firm for the job.
Of course, you can always find some guy with a truck willing to do the job for you, but choosing that alternative that may end up costing you more than you expected. Having a company that is licensed, bonded, and insured is always a far better option.
Which is another reason why Junk King really is the junk removal firm of choice.
Junk King provides an efficient, safe and eco-friendly residential construction waste removal service so you don’t need to worry about the pick up or disposal of your remodeling debris. In fact, our expert waste removal team will break down and haul off any type of junk and debris you have.
And unlike the backseat or trunk of your car, our junk removal trucks are made to handle dirty and dangerous debris materials!
Ready to get rid of your remodeling construction waste? It’s as simple as 1, 2, 3.
Our professional and insured junk removal team will call 15 to 30 minutes before we arrive at your home and we’ll give you a free estimate based on how much room your junk takes up in our truck. You simply point and we haul the debris into our junk removal trucks, with no hidden fees.
Make an appointment today by booking online above or by calling 1.888.888.JUNK (5865).