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.
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.
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