If you are considering a bathroom remodel in the St. Louis area, you may be wondering if it is worth the investment. The answer depends on several factors, including the current condition of your bathroom, the cost of the remodel, and the local real estate market. In this article, we will take a closer look at these factors and whether a bathroom remodel is worth it in the St. Louis area.
Current Condition of Your Bathroom
The current condition of your bathroom is an essential factor to consider when deciding whether a bathroom remodel is worth it. If your bathroom is outdated or in disrepair, a remodel can improve its functionality and increase the value of your home. On the other hand, if your bathroom is relatively new and in good condition, a remodel may not be necessary or may not add much value.
Cost of the Remodel
The cost of the remodel is another critical factor to consider. The cost of a bathroom remodel can vary widely, depending on the extent of the project and the materials used. In the St. Louis area, the average cost of a midrange bathroom remodel is around $19,000, according to Remodeling Magazine's 2021 Cost vs. Value Report. However, this cost can vary depending on factors such as the size of the bathroom, the materials used, and the complexity of the project.
To determine if a bathroom remodel is worth the cost, it's important to consider how much value it will add to your home. According to the same report, a midrange bathroom remodel in the St. Louis area has a resale value of around $12,000, which means you can expect to recoup about 63% of the cost when you sell your home. While this may not cover the entire cost of the remodel, it can make it a worthwhile investment, especially if you plan to live in your home for several years.
Local Real Estate Market
The local real estate market is another factor to consider when deciding whether a bathroom remodel is worth it in the St. Louis area. If homes in your area are selling quickly and for high prices, a bathroom remodel can be a good investment. However, if the market is slow or homes are not selling for high prices, a bathroom remodel may not be worth the cost.
According to Zillow, the median home value in the St. Louis area is around $181,000. While this is lower than the national median home value of $295,000, it is still a significant investment. A bathroom remodel can help you increase the value of your home and make it more appealing to potential buyers, especially if your bathroom is outdated or in disrepair.
Conclusion
In conclusion, a bathroom remodel can be worth it in the St. Louis area, depending on the current condition of your bathroom, the cost of the remodel, and the local real estate market. If your bathroom is outdated or in disrepair, a remodel can improve its functionality and increase the value of your home. However, it's important to consider the cost of the remodel and how much value it will add to your home, as well as the local real estate market. Working with a reputable contractor who can provide you with a realistic estimate of the cost and potential increase in home value is essential when considering a bathroom remodel.
