As a mortgage loan officer in Flower Mound and DFW area for the past 13 years, people are constantly asking me for my opinion on which upgrades are best for their home’s re-sale value. Loan Officers are not the BEST option for such advice, but since we frequently meet and visit with local Realtors, we have the convenient ability to get such information as we need it. My understanding from talking to local Flower Mound and Plano Realtors is that the 2 best rooms in a house to upgrade for best re-sale value is the master bathroom and the kitchen.
In this post, I wanted to share with you what we decided to do in our own home to increase the re-sale value of our home, by updated/upgrading our master bathroom. We had a very critical decision to make when we were considering removing our garden tub completely and tearing out the traditional glass version of our shower, and replacing it with two showering areas…his and her shower. Many folks believe that not having a bathtub in your master bath will make for a tough sale, but after hearing that one of Allen’s top Realtors were doing this, I believed it was a good risk. After all, neither of us use the bathtub much at all. Below are pictures of the final upgrade.
Replace Garden Tub with double showering area…His and Hers
We removed the garden tub that we never used, removed the traditional all glass shower, and replaced that entire area with a his and her shower with tile ceilings and shower floor. We made the tile flow throughout the outside of the shower on through the floor and into the bathroom closet. We finished out the bathroom entry door with a sliding barn door.
The removal of the tub from the master bathroom area was a concern, as we wondered if that would make the sale of our home tougher on day, but after talking with a local top Realtor in Allen who was undergoing this exact idea, we felt much more comfortable that this would be a valuable change.
Itemized Upgrades and Final Cost
The final tear out of the tub, original shower, original carpet, replacing his and her sink fixtures, his and her shower fixtures, extending the bathroom closet (my closet) by an extra 3 foot in-depth, removing traditional door jamb and replacing it with rounded finish, and painting the entire bathroom: $7,500.
Upgrade Relating to Re-Sale Value
Common Real-Estate knowledge says that you will RARELY get dollar for dollar re-sale value on upgrades, so I’m not going to venture to say that we’ll increase our total future value by that much exactly, but there is plenty of research and history to prove that we would get $3,000-$4,000 higher for this upgrade when we sale. I believe that if you were to just update and not upgrade, you are just making your house meet the average sale price for the like homes in your neighborhood. These types of upgrades make it possible for you to re-sale your house in the upper price per square foot averages when the time comes to sale.
Please re-post, and pin these pictures for other local families looking for ideas. This will help my blog site with good traffic. Your comments are greatly appreciated as well. #FlowerMoundBathroomUpgrade