If you have the funds available for the average $38,000.00 mid-range Tampa bathroom addition, it can be a sound investment for your home but it will only recoup about fifty-four percent of the investment at resale. That being said, there are intangibles like style; comfort and convenience that the addition of another bathroom to your home will add to your life.
There are some vital considerations you must make before you decide that a Tampa bathroom addition is right, especially if you will be selling the house in the near future.
Adding Value to the Home
The good news is that Tampa home buyers love additional bathrooms. A Tampa bathroom addition almost never goes wrong, and it is rare that a real estate agent hears a buyer say “this is just too much bathroom space for me to handle.”
If you are looking to recoup the expense through resale of the Tampa home, or improve your prospects of selling, you will want to do your homework very carefully. This means that if you have an older home that would sell for $200,00.00 on a good day, spending $35,00.00 to build a bathroom from the ground up will not raise the value of your home to $235,000.00. You will just have a lovely new bathroom in a $200,000.00 Tampa home.
The general rule of thumb is that you should consider the Tampa bathroom addition only if you plan on staying in your home at least five years.
How Do I Evaluate Possible Return on Investment?
Tampa home buyers tend to prefer that a home have roughly the same number of bathrooms and bedrooms. Any Tampa bathroom addition that brings the number of bathrooms in line with the total number of bedrooms is likely to equate to a bigger return on investment.
The most valuable Tampa bathroom addition you can make is when you start with only one bath in the house; a second bath makes a good impression on buyers and can be the difference between selling a house and having it sit on the market.
Another important area of balance is showers to bathtubs. For maximum resale potential, you should have one of each in your Tampa home. A Tampa bathroom addition that gives you the shower or bathtub that you are missing is a smart choice.
Understanding the implications to the value of your home is important and can keep you from making costly mistakes. Be sure to return for our follow-up article discussing additional ideas associated with Tampa bath projects.