Bathroom Addition: Return or Investment
As an investment, a new bathroom should be carefully considered. The cost of a new bathroom ranges from $39,000 to $75,800, but the return on that investment averages a modest 59%, according to Remodeling Magazine’s annual Cost vs. Value Report. That value had been steadily declining over the past several years due to rising construction costs.
Nevertheless, national averages may not be a reliable-predictor of value in your particular neighborhood. Before committing to a bathroom addition, call your REALTOR to evaluate whether an additional bathroom makes sense in your situation. Buyers tend to prefer house where the number of bathrooms equals the number of bedrooms.
AL GRANT REALTY GROUP
REMAX ALLEGIANCE: 202-256-8592