Boost your home’s value via the bathroom
How much importance do you place on the condition of your bathroom? If you’re thinking of selling, the smallest room in your home can have the biggest impact on potential buyers – and it can lead to higher offers and increased desirability.
When Royal London asked UK homeowners about buying decisions, they were prepared to offer an extra £10,915 for a property with a new bathroom – the second most valuable home improvement after a new kitchen. Even an upgrade can add up to 5% in value, so we strongly recommend paying particular attention to your bathroom ahead of a sale.
What adds the most value?
According to research by Plumbnation, installing an extra bathroom could add £50,000 to your home’s value – especially if there are more than two bedrooms and only one existing facility. If you can’t create an extra bathroom, making your current one bigger will also add around 5% in value, according to QS Supplies.
Next on the value adding list is creating an en-suite – a feature that a 2020 survey by the Nationwide Building Society found could increase a property’s value by 5% – adding around £13,300 to the average home.
Offering a similar return on investment is a cloakroom. Providing a WC on the ground floor can lift your property’s value by 5%. Even shaking up your bathroom’s heating can be a winner – install underfloor heating and potentially add £7,000 to your asking price.
Bathroom blues: 4 to avoid when selling
As a seller, you really don’t want to give buyers any excuses to put in a low offer, so presenting your bathroom well will help you achieve as close to the asking price as possible. You may wish to consider.
- Coloured bathrooms: the avocado suite is always used as the biggest bathroom faux pas and for good reason. In fact, a 2017 survey discovered homebuyers would offer almost £5,000 less for a home with one in situ. Rarely installed since the 1980s, this and pastel-hued sanitaryware instantly date when a bathroom was fitted. It’s an acquired taste, so the first thought of many viewers will be the cost and hassle of replacing it.
- Carpets: another hangover from the past is a carpet in the bathroom. They can harbour bacteria, are hard to clean and can feel depressingly damp underfoot. Anything is better than carpet – even cheap vinyl – so make the swap before selling.
- Signs of mould: water leaks and damp issues can be expensive to fix, so any sealant or grouting that shows signs of mould will worry potential buyers. Mould on ceilings and walls can also be an indication of poor ventilation, and needs investigating prior to a sale.
- Bad smells: whether emanating from your toilet bowl or from a pile of wet towels, unpleasant odours can confront buyers on viewings, putting off a reputed 78% of people. Always remove the source of bad smells, open windows and use a subtle fragrance to freshen the air.
We are happy to appraise your current bathroom and make some value-adding suggestions, based on your budget, floorplan and selling timescale. Contact us today and we can make an appointment to visit your property.