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Bathroom Remodeling: Impact on Home Value

  • Transcript

    LESLIE: Mike in Delaware has a question about the value of his home. How can we help you today?

    MIKE: Yes. My wife and I are thinking about renovating bathrooms in the home.

    LESLIE: (overlapping voices) OK.

    TOM: (overlapping voices) OK.

    MIKE: And we have a full bath in the hallway …

    TOM: Alright.

    MIKE: … and we would like to convert it into just a walk-in shower and not a tub and we were wondering if that would affect, possibly, the value of the home without having that tub in the house.

    TOM: Do you have another tub …

    LESLIE: Anywhere else?

    TOM: … in the bathroom? In the house?

    MIKE: Yes, we have – we will have a tub in the master bedroom that will be a whirlpool tub.

    TOM: Then I think you’re probably OK. I actually did exactly that in my house. I needed more closet space so we gave up the bathtub, put in a shower stall and picked up some additional closet space in my very old house where, of course, storage is really at a premium. And I wasn’t too concerned about the value because I knew I had another bathroom in the house …

    LESLIE: Mm-hmm.

    TOM: … that had a tub.

    LESLIE: I think if it were the only one and you were getting rid of, then you might encounter a potential buyer who would be turned off by the fact that they would have to do, then, some substantial work to put a tub back in.

    MIKE: Mm-hmm.

    LESLIE: But I think since you’ve got another one, it shouldn’t be a problem.

    MIKE: OK. Thank you very much.

    TOM: You’re welcome. Thanks so much for calling us at 888-MONEY-PIT.
     

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