Does Having a Bathtub Increase Home Value? Debunking the Real Estate Myth
When it comes to real estate, every homeowner’s dream is to increase the value of their property. From kitchen upgrades to landscaping overhauls, the quest for boosting home value is an ongoing endeavour. One popular notion that often floats around is that having a bathtub can significantly increase a home’s value. But is this really true? Let’s dive into the topic and uncover the truth behind the myth.
Appeal to a Wide Audience
One of the remarkable aspects of adding a bathtub to your home is its universal appeal. From families with young children to individuals seeking moments of solitude, a bathtub caters to diverse lifestyles and preferences. Families appreciate the convenience of a bathtub for bathing kids, while professionals yearn for a tranquil retreat to unwind. This wide-ranging appeal can significantly enhance your home’s marketability and value.
The Value-Boosting Effect
You might wonder, does a bathtub truly impact a home’s value? The answer is a resounding yes! Real estate professionals often attest to the positive influence of a well-designed bathtub on home valuations. It’s a feature that speaks to quality, comfort, and attention to detail. As potential buyers envision themselves in the space, the presence of a bathtub can tip the scales in your favour and even command a higher asking price.
A Long-Term Investment
According to the NAR (National Association of Realtors) , adding a full bathroom (which often includes a bathtub) can increase the home’s value by an average of about 4-5%. However, it’s important to note that this percentage can vary based on the specifics of the property and local market conditions. Australian real estate markets are an example of this trend where “renovations or upgrades of both the bathroom and kitchen are the most important changes that can increase the value of a home” (source: Sprint Finance)
Investing in a bathtub isn’t just about short-term gains; it’s a decision that can pay dividends in the long run. As the real estate market evolves, certain features continue to resonate with buyers. A bathtub is one such feature that transcends trends, providing enduring value to your home over time. It’s a testament to your commitment to creating a space of comfort and luxury.
In the grand narrative of homeownership, adding a bathtub is a chapter that speaks to both practicality and luxury. It’s an investment in your daily comfort and well-being while simultaneously enhancing your property’s value and appeal. The versatility, timeless charm, and universal allure of a bathtub make it a standout feature that can transform your home into a sanctuary of relaxation and a sought-after gem in the real estate market. So, take the plunge and embrace the transformative power of a bathtub – your home’s value and your own comfort will thank you.