This is especially true if an additional bathroom helps relieve congestion at hectic times, or if it provides much-needed convenience for guests — no small considerations.
As an investment, a new bathroom has pros and cons. The national median cost of a midrange bathroom addition is about $50,000, but the percentage of recovered costs on that investment averages a modest 52%, according to the “2015 Remodeling Impact Report” from the NATIONAL ASSOCIATION OF REALTORS®.
However, not all returns are monetary. A full 100% of homeowner respondents in the “Report” said they were happy or satisfied with their new bathroom addition.
NAHB data also suggests that an additional half bath may increases a home’s total value by about 10%, while an additional full bath increases the value by 20%. However, that doesn’t mean you’ll recoup the full value of your remodeling investment — on average, you’ll spend almost twice what you recoup.
Before committing to a bathroom addition, call in a real estate agent or professional appraiser to evaluate whether an additional bathroom makes sense in your situation. Buyers tend to prefer houses where the number of bathrooms equals the number of bedrooms, according to NAHB.
6-foot-by-9-foot Bathroom Addition:
- National Median Project Cost: $50,000
- Cost Recovered: $26,000
- Percentage Recovered: 52%
- Happiness Quotient: 100%