Bathroom Renovation Return on Investment

bathroom renovation roi

Bathroom Renovation Return on Investment

If you plan to sell your home sometime in the future, you may approach a remodeling project wondering what kind of return on investment you could get. It’s only natural to want to know what changes make the most sense financially, especially when the upfront costs are significant.

Cowie Construction are your local Lower Mainland Bathroom Renovation Experts!

The exact Return on Investment “ROI” you will see on your place depends on a variety of factors, such as how the real estate market is doing in your neighborhood at the time of the listing and how the rest of your home compares to other places sprouting “For Sale” signs in the area.

A bathroom renovation, for instance, is one of the best indoor remodels that can pay off when it comes time to sell. Most properties with renovated bathrooms sell for a higher price and faster than homes that require major updates.

According to Zillow data, bathroom remodels yield the biggest returns in terms of boosting your home’s resale value. For minor cosmetic changes, you’ll see a $1.71 increase in home value for every $1 you spend. This includes things like painting and refinishing cabinets, swapping out the mirror, or upgrading hardware.

So, even if you only have the time and budget to make small improvements, focusing on bathrooms is usually a smart move that will yield a good ROI value.

Bathroom renovation ROI to expect

There are many approaches and data to predict the kind of ROI you can expect. The most accurate business model up to date is that of Zillow. According to Zillow bathroom ROI can vary based on various things including the type of renovation effort and the level of finishes from Remodeling magazine’s Cost vs. Value Report. They divided the type of renovation done to the bathroom into categories:

  • Standard: Significant changes are requiring the replacement of some items, not just aesthetics like lighting and paint.
  • Midrange: Nice but not luxury finishes, like new tile surrounds and floors, chrome fixtures, solid surface counter, standard toilet, and single-lever shower handle.
  • Upscale: Think luxury, like heated floors, stone countertops, double sinks, expanded or optimized layout, top-of-the-line lighting and fixtures, rain showerheads, roll-in showers, and freestanding soaker tubs.
  • Universal design: With the focus on accessibility and the growing popularity of aging in place homes, universal design is becoming more commonplace and desirable. It can include wider doorways and more room between fixtures, lower vanities with room for a wheelchair, roll-in shower access, a taller toilet, shower seating, and more.
  • Addition: Adding a new bathroom can significantly add value to your home, particularly when the bedroom to bathroom ratio is significantly off.

Now that you have known the categories of bathroom renovations, what is the predicted ROI for each of them?

Standard Remodel

According to Cornerstone Home Lending, with an average spend for a standard remodel of between $15,730 and $18,546, you can expect a return on investment of anywhere from 64.8% to 68.4%.

Midrange Remodel

The national average bath remodel ROI is 70.1%. That’s based on an average cost of $19,134, with an average return of $13,422.

Upscale Remodel

With an average cost of $61,662, the average return for an upscale bathroom remodel comes in at $34,644, or 56.2%.

Universal Design

The average ROI on a universal design renovation for a bathroom is an impressive 70.6%, based on a cost of $16,393 and a return of $11,581.

Bathroom Addition

Just like bathroom renovations vary by size and finish, so do the additions. The ROI you can expect from a midrange addition could be up to almost 60%, while the upscale addition comes in at almost 55%.

Updated bathrooms are a favorite for buyers

Real estate agents know from experience that renovated bathrooms can make your home stand out and attract buyers, while old, dated fixtures can reduce its appeal.

“Now, more than ever, buyers are looking for renovated apartments,” says Mark D. Friedman, an associate broker with The Friedman-Rosenthal Team at Halstead Manhattan, LLC. “Money is tight even when buying an apartment for $1 million so buyers don’t want to do work. A renovated bathroom will always make the home sell faster and for more.

Fiona Dogan, an agent with Julia B. Fee Sotheby’s International Realty in Rye, New York, concurred. “Bathrooms are a ‘money room’ in a house. An unrenovated bathroom can be a deal-breaker for buyers,” she says. “Today’s buyers don’t want to deal with the expense or the hassle of designing, ordering materials, and constructing a new bathroom. HGTV and Instagram have conditioned them to expect picture-perfect homes.”

In her experience, the ROI on renovating a bathroom has been close to 100%.

“When it comes to budget, consider making improvements that are in line with the value of the home,” she added. It’s also important to match the renovation to the expectations of people buying in your neighborhood. Working with a professional design-build team like Cowie Construction is a great way to get expert advice, choose the right grade of materials, and ensure your renovation will appeal to the greatest number of buyers in your area.

Contact us with any questions you might have about your next bathroom renovation project. We are always happy to help.

bathroom accessories

How to choose bathroom accessories?

Bathroom and toilet accessories are generally one of the last things on your mind when it comes to building or renovating. Due to this, your bathroom can end up looking unrefined or unfashionable. Uncovering the perfect bathroom accessories for your space can be an intimidating task these days, as a huge range of materials and styles are available to the consumer for a single product. To help in making that selection easier, consider these easy points to ensure you do end up with a dazzling new space!

Bathroom accessories play a vital role in determining the mood, style, and overall look of your bathroom. By selecting the right ones, you can elevate the space and make the bathroom look cozy, chic, glamorous, minimalistic, or however, you want it to look.

Whether they are made of wood, plastic, or stainless-steel, bathroom accessories come in a variety of styles and have different purposes. Here is our guide to choosing the perfect accessories, ranging from inexpensive options to the most stylish ones.

Before choosing your bathroom accessories, there are a few things you need to consider such as:

  • Budget: Know your budget. This way you can put a limit for yourself that you will not go over. Look for accessories that are within this budget of yours. Do not bother with the overpriced ones. However, choosing within your limits does not mean that you overlook quality. You can still find quality items within your limits. Do not trade quality away ever.
  • Know what you need: Try to avoid bulk buying your accessories. Make a list of the items you need and look for them. Start your list with the essentials and buy them first. After that, you can assess your area and figure out what more you can add to the mixture.
  • Do Not fall for “the popular brands are always better”: Indeed, popular brands are popular for a reason. However, that does not mean that they are the only brands that are worthy of your money. Instead of focusing on name brands, focus on the individual items. Look at each item individually and assess whether it suits your needs or not. You might be surprised by what you would find in the end.

Now that you have set your priorities straight. You have compiled a list of what you need, figured out your budget, and know what you will look for. It is time to choose your fit.

Should I choose Fitted or Free-standing bathroom accessories?

No matter what accessory you are getting, all of them come in two main installation options;

  1. Fitted Installation.
  2. Free-Standing Installation.

Fitted Bathroom accessories

These are the accessories that require installation. However, on the bright side, they are considered more convenient and will last longer with you as the way they are installed makes them less subjected to wear. However, do not be alarmed, the installation process is pretty simple. You will need a drill to make the necessary holes in the tiles that the accessory will be attached to. Fitted bathroom accessories generally can handle more weight than their counterparts especially the drilled-in ones.

Free-Standing accessories

From their name you probably have figured it out. Those are the accessories that you can place on any surface in your bathroom. They are perfect for when you have enough space in your bathroom. However, they will need more regular maintenance and cleaning from you. Since they are movable, they are subjected to wear, so keep that in mind as you would have to replace them at an earlier date than the fitted accessories.

What material should I choose?

It is a no brainer that choosing the material for your bathroom accessories is very important. The fortunate part is that there are different choices on the market that suits every taste and budget there is.

Low-End Plastic bathroom accessories

These are usually the free-standing ones and are a temporary solution. They will most probably come in kits, which can be placed around sinks and bathtubs.

Stainless Steel bathroom accessories

They are on the higher-end, more expensive side. But it is justified since they are more durable, resistant, and have a longer life span.

Chrome-Plated bathroom accessories

These are a cheaper alternative for the more expensive stainless-steel ones. however, it might be worth investing more since chrome is not as durable and will wear away with time.

Glass and Ceramic bathroom accessories

These are by far the easiest to clean and maintain. However, do not let that fool you, as they come with the risk of being accidentally breaking.

How to match bathroom accessories’ materials to bathroom style?

  • For Contemporary interiors: Those are not picky designs; therefore, any material can be interpreted as long as it has a simple and streamlined design.
  • For Vintage and retro bathrooms: You should probably ask for combined materials of glass, iron, porcelain, and enameled steel.
  • For Zen style bathrooms: Those types of bathrooms usually incorporate ceramic, stone, or wood within their design.

What kind of accessories are there for bathrooms?

There are many options to choose from. However, remember when we first started this article and said that you should focus on the essentials first? Do not let the different types of accessories make you get lost. Focus on what you need first, then you can focus on what you want.

Soup and Toothbrush holder sets

Unlike individually sold accessories, and already arranged set of a soap dish, toothbrush holder, and liquid dispenser can save you a lot of time and trouble. They will also have a big of variety materials, designs, and patterns as the individually sold ones. Moreover, they will look complementary to each other and your bathroom since they would have the same design pattern.

Towel Rails

These small accessories are quite useful for hanging your towels or even store them if they come with a shelf. They should be placed in a convenient spot for when you exit the shower. You can find free-standing and fixed ones.

Shower Curtains

Shower curtains are usually made from polyester and you might need to buy a rod separately. Depending on your taste, you can then pick a curtain that has hooks, rings, or is lined for a cleaner appearance. If you happen to find a fabric shower curtain, make sure it is water-resistant.

Shelves and shower baskets

These can save you space and help you organize your shower products. It is best to choose fitted ones because suction cups can lose their vacuum because of the water.

Mats

Bathtub and shower mats are usually made of PVC or rubber and have suction cups on the bottom to stick to the tiles. They help reduce the risk of slipping and falling. For Zen style bathrooms, you can find wooden mats.

Toilet Paper holders

Toilet paper holder, which is generally fixed on a wall, but there are some originally designed free-standing ones for people that do not want to use a drill. They will sometimes feature a lid, which is quite handy if your shower is nearby. Material-wise you will have a plethora of choices with the most common and stylish being stainless-steel, aluminum, and wood.

Toilet seat

The toilet seat might not be as important to people that would like it plain and standard; however, for the more expressive people, you will find so many patterns on the market to choose from.

Bathroom Waste Bin

The bathroom waste bin is made of various materials and can come in many sizes, but the only thing to remember is that the bin should have an easy to operate pedal and be put in an easily accessible place.

Toilet Brush and Holder

Toilet brush and holder are some of the necessities a bathroom needs to have. They can be free-standing or fitted, but it is highly recommended to get a fitted one due to its convenience and the fact it will last longer. There are organic options as well on the market now. You might also give them a chance.

Bathroom Ventilation Fan

This device should be on your essentials list because it is the most effective item when it comes to stopping mold in its tracks. You can fit in the bathroom window, wall or ceiling. Choose an extractor fan that has a sensory feature that senses the humidity level and turns on automatically.

The Lighting of the Bathroom

Many would not consider bathroom lighting as part of the accessories, but it is still quite important to choose the right ones that compliment your bathroom.

  • Wall lights offer sheer versatility of function and attractive design. Add two on both sides of the mirror to create a stylish ambience.
  • Ceiling lights provide all-around illumination and are a must in darker bathrooms.
  • Shower lights can bring you so much joy during your daily shower; however, you need to remember to buy the proper dimmer for your shower lights.
  • Mirror lights can be bought separately if your mirror does not already have that feature and can be an accent of their own in contemporary aesthetics.
who is Cowie Construction

Who Is Cowie Construction?

Cowie Construction Ltd.

Cowie Construction is a Canadian based company that specializes in complete home renovation. At Cowie construction, we pride ourselves on the quality of our work. We follow a systematic system that is based on scientific data for doing projects. Our system is simply the best. Our Design-Renovate System is designed with you in mind. It is designed so that you get the best quality of work there is while achieving your vision and plan

Our Design-Renovate System is:

  • We give you an initial consultation on your project with an initial guess of how much it would cost.
  • We transform your vision into a design. We include the pricing and a copy of our contract for you to look at.
  • It is time for the detailed design of the whole project.
  • Then, we present to you the total project cost.
  • If you are pleased with the plan, then we sign the contract.
  • After receiving the deposit payment, we layout the project schedule and confirm it with you.
  • Now it is time to start working.
  • We only accept additional payments when we achieve the agreed-upon milestones.
  • After the job is done, we perform a quality control check to ensure the quality of our work.
  • If any substantial corrections should be done we do it before delivering the project to you.
  • Finally, the project is done now.

Moreover, you now have a 2-year warranty period on your project.

Why choose Cowie Construction Ltd?

At Cowie Construction Ltd., we provide you with the best care you can get. However, what really sets up apart from the rest is:

  • Our projects are 100% Fixed cost ones.
  • Trusted and Insured trades and sub-trades.
  • We perform full-time project management.
  • We are a licensed and insured company.
  • We provide an in-house design service.
  • Our payment schedule is clear and honest throughout the entire project.
  • Our project timelines are fixed, with no unnecessary changes to the timeline for your convenience.
  • Our customer support offers you a rapid response to any issue that is facing you.
  • We provide you with a 2-year warranty on all of your projects.
  • We have a $3,000,000 General Liability insurance policy.
  • Full Workspace coverage for all trades.
  • Moreover, we have access to a huge network of professional partners in real estate, engineering, and even finance.
About Cowie Construction

How To Choose Best Builder For Your Dream House Renovation?

Choosing a Contractor

When doing a home renovation, the most important aspect -believe it or not- is choosing a contractor for your task. This task can be overwhelming, with the number of contractors on the market nowadays and all the offers. It is difficult to find someone who you can trust to do your work. That is why we took it upon ourselves to guide you through this delicate process. Here are a few tips on how to choose your contractor.

Know exactly what you want

Before choosing a contractor, you have to know what you want to do first. We do not mean the technical stuff, but an idea on what you want to do or perform. Take your time and do your own plan. Know what you want to do and when do you need it to be done. Discuss it with your family and collect their thoughts on the process. Having a plan helps you during the renovation process, if you find that your contractor is not following it, you know it is time to cancel their contract and choose another company. It also helps you determine your budget, and how would you spend it.

Ask your relatives and neighbors

Home renovation projects tend to have their own voices. In this industry, the word of mouth is the number one trusted source of marketing among its customers. If a contractor did bad work, you would know from their previous clients, similarly if they did good work. That is why it is beneficial if you ask your relatives and neighbors for good recommendations. If you see your neighbor’s home has been transformed beautifully ask them for the contact information of their contractor. You may say this an outdated technique, however, it is still a very successful one.

Check your contractor’s online reviews

In this day and age, you can find -literally- everything on the internet. It is a great idea to turn to the World Wide Web to check on a company you are going to work with. Visit your contractor’s web site or social media accounts. Read their customers’ reviews. More importantly, check how they handled complaints and bad reviews. If you find that, the contractor has ratings above average, and handle complaints professionally; then they are your person. If you saw that they handled complaints poorly, well, this is a red flag, and be prepared to receive similar treatment if you choose to do work with them.

Do not choose the first contractor on your list, but speak with several

It is recommended that you get the contact information of several “good” contractors. After checking their online reviews and asking about them. Try reaching out to talk with them. Do not confine yourself to only one contractor. Instead, get multiple bids on your project. Even if you feel satisfied with the first bid you got, do not go with it unless you have talked to several contractors first. Receive several bids, see what each bid offer, compare them to each other and weigh your options. Then go with the bid that best suits you. You can perform interviews personally or on the phone.

Some of the questions you may want to ask:

  • The charge rate of each company?
  • Whether or not they have worked on a project the size of yours previously?
  • Their license?
  • What are their specialties?

Naturally, you would have many questions other than the above, those are only some guidelines.

When interviewing contractors, ask each one of them to provide you with a detailed bid containing costs for labor, materials, and any other relevant expenses. Show the contractors your blueprints, discuss your plan with them, tell them your vision and what exactly you want, and then tell them your budget. That way you can compare bids and select the best for you. Generally speaking, any bid should be divided into:

  • 40% allocated to labor and relevant expenses.
  • 40% materials and tools and overhead.
  • 20% the profit margin.

Check out the BBB Ratings

When you are interviewing the contractors, ask them for the official registered name of their business. That way you can contact the Better Business Bureau (BBB) and ask about the contractor. The BBB can help you decide by viewing the different complaints this contractor got before and how they handled it. Moreover, the BBB is the place you go to when you have a problem with a contractor that needs solving. In addition, knowing the official name of the contractor’s company helps you to know whether their license is still valid or not. Remember that having an unlicensed organization performing on your property may have legal consequences.

Review and sign the contract

After receiving the bids from the different contractors, you have contacted. It is time to settle for the one perfect for you. Once you have chosen it, start the negotiation process. Make sure that the contract is as detailed as possible. Do not leave anything out of it. Even breaks and days off must be included in the contract. Remember, this is the legal thing that binds both of you together and guarantees both of your rights. A final thing to say, good communication with your contractor is the number one rule for a job well done.

what is a home renovation

What Is A Home Renovation?

Home Renovation

Home renovation is the concept of remodeling your home. It is a process done by adding, removing, or reshaping an existing home interior, exterior, and may extend to make other adjustments to the property itself (garden, or garage). When it comes to home renovation projects, there are many things that your construction company can perform for you.

Home renovation projects may include:

  • Installing or upgrading heating, ventilation, and HVAC systems (AC systems).
  • Installing or upgrading rooms with necessary or luxuries additives.
  • Increasing the capacity of the existing electrical systems.
  • Increasing and maintaining plumbing systems.
  • Waterproofing underground spaces and basements.
  • Soundproofing rooms like bedrooms, bathrooms, and office areas.
  • Replacement and tear-off of roofs.
  • Installing new windows or upgrading existing ones.

Moreover, home renovations can extend to maintenance and repair work including:

  • Repairs done to the foundation and chimney.
  • Fences repairs.
  • Repairing old wallpapers.
  • Furniture polish.

Home renovations are a great way to create new areas around the house, like turning a basement into a home theatre or an office. Additionally, you can create more space by adding a complete extra level to your original roof.

Home Renovation Industry

The home renovation industry is a growing business in both the USA and Canada. As a matter of fact, the home renovation industry is considered one of the oldest industries on the face of the Earth. Some records date back to the first century B.C. when Sergius Orata invented the hypocaust. Which is an underground heating system, that was used throughout the Roman Empire. According to statistics, the home renovation industry amount to approximately $300 billion in the USA, and approximately $48 billion in Canada. The average cost per project in the USA is $3,000 while an average of $12,000 in Canada.

Home renovation as an industry was popularized among people in the USA and Canada by the time “This Old House” premiered on TV starring Bob Vila. After that, the topic of home renovation became the subject of so many movies, especially the family-friendly ones

how to start a home renovation

How To Start A Home Renovation

How should you start your renovation projects?

When you decide to renovate your house, it is not always an easy task to know where to start. Also, if you want to renovate your house so that you can stay there longer is different than wanting to renovate your house to sell it at a higher price. Each of the previous has a different approach to it. Before putting a plan for your renovation you have to consider the following:

  • Your reasons for the renovation process.
  • Your needs.
  • And, your budget for the renovation process.

Knowing these three points beforehand will help you tremendously when you are putting your plan for the renovation process.

Additionally, before starting the renovation process, it is recommended that you assess your house. Hire someone professional to check your house for you. They know exactly what they are doing and will evaluate your property the right way. After they finish, they will give you a list with their assessment of your house’s systems, roof, plumbing, electrical panels, and will let you know whether or not your house has any dampness or leaks.

After receiving the assessment report, you should be able to know what needs to be done to your house system. If your heating and air conditioning system is causing a problem, you can know whether to replace it or temporarily fix it. That depends upon your goals.

If you are going to renovate your bathroom(s), make sure that your plumbing system can tolerate the updated usage and increased pressure. If you are renovating your house to sell it, remember that not fixing plumbing issues and leaks lower your property’s value tremendously.

Do not dismiss the importance of windows and doors. Upon receiving your assessment report, if you find some fault in any of your windows or doors you should consider renovating them. Double glazed windows and solid doors are expensive in the short term, but long term-related, they can come very handy, live much longer, and increase your property’s value when you are trying to sell it.

If you are looking to renovate your kitchen, try to make sure your kitchen is ready to be energy efficient. Try to install some energy savings solutions, like bigger windows for more natural lights, install energy-efficient appliances. That choice not only would decrease your electrical bill, but also increase your home’s value if you ever wanted to sell it.