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3 Things that are Key to an Equity-Boosting Bathroom
3 Things that are Key to an Equity-Boosting Bathroom
A bathroom renovation can add value to your property, if it’s done right. These three things are key.
Believe it or not, there’s a right way to renovate your bathroom and a wrong way. Done right, a bathroom can boost the equity of a home, recouping up to 70 percent of the renovation costs. Done wrong, no matter how attractive, it can be a loss. Here are three things that are key to boosting the value of your home through a bathroom renovation.
According to the  Remodeling Cost vs. Value Report issued by the National Association of Realtors in conjunction with Hanley Wood’s Remodeling Magazine, a bathroom remodel can add up to 70 percent of its cost to the home’s value.
But, you shouldn’t expect to recoup anywhere near that if you don’t make smart renovations. How do you renovate your bathroom so you add value to your home? Start by taking the time to assess your home’s value. (Consult a real estate agent for an accurate estimate.) The last thing you want to do is price yourself out of the market by spending $25,000 on a bathroom in a neighborhood where the average home price ... more

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