Your property value is affected by the condition of your home, and yes - even how dated your bathroom is.
We all want our homes to be valuable, whether we're thinking of selling soon or just want to make smart improvements. Your home is likely your biggest investment, and every choice you make - from regular maintenance to major renovations - can impact its worth.
When it comes to increasing property value, bathrooms rank among the top 3 most profitable areas to renovate in a property, alongside kitchens according to 2024 home improvement statistics. It's a win-win: not only do you get to enjoy a nicer bathroom right away, but you're also making a change that future buyers really value. So, is bathroom renovation worth the money? YES.
The average cost of a bathroom renovation in Australia rose to $26,000 as of June 2023, up from $21,000 in previous years. While this might seem steep, many factors affect how much value you'll get back from your investment. A minor update, like replacing tiles, might only return a few hundred dollars, while a complete renovation, though more expensive upfront, often puts more money in your pocket when you sell or if you’re not looking to sell, it will protect you from more expensive repairs down the road.
Not all renovations are created equal. Some upgrades can significantly boost your home’s value, while others offer only minimal returns. Understanding which improvements matter most can help you make smarter decisions about where to invest.
This is why it's sometimes better to think bigger with your renovation, especially if your bathroom is dated. Just changing the fixtures might not add much value if everything else looks dated. More importantly, different improvements can have varying impacts, and understanding which ones offer the best returns is key to making the most of your renovation budget.
Here’s how specific upgrades typically affect your home’s worth:
Modern updates like dual vanities and walk-in showers can increase your home's value by up to 7-9%, according to CoreLogic's 2023 housing report. Specific improvements that buyers value most include:
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High-end fixtures and fittings (faucets, shower heads, toilets): Can add 3-5% to home value.
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Quality floor and wall tiles: Well-chosen tile work typically adds 4-6% to the bathroom's value contribution
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Modern vanities with stone countertops: Can increase bathroom appeal by 5-7%
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Water-efficient fixtures: Properties with water-saving features typically sell for 2-3% more.
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Proper lighting: Bathroom lighting can add 1-2% to your home's overall appeal
Renovating your bathroom might feel like a big investment upfront, but it’s one that protects your home from losing value and shields you from costly problems down the road. Beyond boosting your home’s price, it can help you avoid recurring maintenance headaches like repairing leaky fixtures, fixing water-damaged floors, or dealing with outdated plumbing that struggles to keep up.
By renovating your bathroom, you are future-proofing your home and ensuring it remains appealing and functional for years to come. The secret is careful planning, choosing premium fixtures that last, prioritising improvements that deliver the best return on investment, and thinking long-term. Whether you’re preparing to sell or simply investing in your home’s comfort and value, a bathroom renovation is one of the smartest decisions a homeowner can make.
