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Hello Lloydminster Home Seller’s “Beware of These Renovations That Don’t Pay Off”

Hello Lloydminster Home Seller’s “Beware of These Renovations That Don’t Pay Off”

Some renovations aren’t worth it if you want a good return on investment or ROI. This is especially true in the bathroom! Several bathroom renovations don’t pay off. When sellers put these upgrades into their bathrooms, they nearly never recoup the renovation cost and, as a result, don’t get a high ROI. 

Let’s go through these 5 bathroom envisions that won’t pay off.  

  1. Steam shower: Steam showers can add a spa-like atmosphere, but they’re a niche item for buyers.
  2. Whirlpool bathtub: Most buyers see these outdated and have heard horror stories about how difficult they are to clean, which can make them a major turn-off.
  3. Moving to plumb: Unless the bathroom layout truly doesn’t make sense, it’s not worth it to move to plumb around. This is one of the most expensive things to do, and you generally will never recoup the costs.
  4. Heated floors are luxurious for sure, but if your goal is a high ROI, steer clear of high-cost upgrades like a heated floor. Buyers don’t care enough about heated flooring for it to be a selling feature.
  5. Too many high-tech gadgets: a fun upgrade here and there can pique buyers’ interest, but too many can feel overkill.

Everyone likes a nice, updated bathroom. But if you invest in upgrades that don’t appeal to buyers, you’ll be spending money you won’t ever get back when you sell. Most buyers don’t care about a high-tech bathroom with all the upgrades. Many would much rather have that money put towards a kitchen renovation because that’s where they’ll spend way more time! The next time you consider a significant bathroom upgrade, consider what future buyers might think and if you’re likely to have a high ROI. From there, you can make the right decision for you now and in the future. Have questions about which updates are right for your home? Feel free to reach out, and I’ll help you decide what upgrades will get your home sold for top dollar! 

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.