How much does it cost to increase the value of your master bedroom?
Good question. It all depends on your budget. Master bedrooms are one of the biggest selling points for homes.
Potential buyers want to feel like the place they will come at the end of each day to rest and relax is just that – restful and relaxing.
Top 5 Master Bedroom Renovation Ideas
Master bedrooms need to be an oasis within the home. So, whether you are hoping to spruce up this area of your home to get a little bit more R&R yourself, or would like to make the space appealing to potential buyers, there are a few things you can do.
And the best part? None of these upgrades have to break the bank. In fact, most master bedroom remodels see a return on investment (ROI) of roughly 60%.
Here’s how to add value to your master bedroom on a budget.
Expand the Closet
One of the main things that potential homebuyers are currently interested in is a bigger closet. If your master bedroom does not have a walk in closet, you should seriously consider the logistics of adding one.
Small closets can easily lead to clutter and disorganization, as there is simply not enough room to put everything – especially since there are typically two people using the closet space in the master suite.
If the floor plan of your home (or your budget!) prevents you from physically expanding the closet space, think about how to better maximize the area that you already have.
Installing systematic organizational shelving is a budget-friendly option that can greatly increase the functionality of a closet space. This also automatically increases the value of your master bedroom. Just be sure that the colors and styles that you pick are neutral if you intend to sell your home.
Tackle the Bathroom
Updating the ensuite bathroom is one of the easiest ways to add value to your master bedrooms. This is especially true if it has not been remodeled since its original incarnation.
There are many things you can do to ensure that your master bath is appealing to you and potential buyers.
The first is to examine the flow of traffic from the bedroom to the bathroom. Is there a sliding door that is always hard to get open? What about a knob that seems to be slippery when wet? Ensuring that the bedroom and the bathroom work well together is essential.
It’s also always worth it to consider adding new countertops, upgrading the faucets on the sinks and shower, and replacing worn out bathroom fixtures like the toilet or bathtub. Believe it or not, a brand new bathtub is a big selling point for most buyers.
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Repaint with Purpose
You might think that your master suite with floral wallpaper is the most beautiful and relaxing thing in the world; however, many potential buyers might associate this with the doctor’s office or a nail salon.
It’s important to be as neutral as possible when adding value to your home, so removing any highly personalized or dated decorations is a big part of the renovation process.
You do not need to repaint your master bedroom a stark white to add value to it, as many people might find this to be too sterile. Typically, cool and soothing colors that would complement, and not clash with, most décor would do well.
Things like a nice cream or eggshell instead of plain white or a smooth mocha instead of a deep brown can create a calming effect. When choosing your color, just remember: what kind of mood are you trying to set with this room?
Light it Up
Master bedrooms should be peaceful areas of retreat, but that does not mean that they need to be caves. When attempting master bedroom upgrades for value, you should think seriously about the lighting situation.
What kind of natural light enters the room? Is it too direct? Do the windows or skylight need to be replaced, or moved to a better location?
If your current budget does not allow for window treatments, you should consider whether or not the current lighting fixtures are both fashionable and functional. Swapping out a glaring fluorescent ceiling light for a softer, more efficient fixture is a cheap way to add value to your bedroom.
Think of the Flooring
Serious about upgrading your master bedroom? Then one of the first things you should do is replace and revamp the flooring.
Is the carpet in your master bedroom old and worn out? If the flooring is tile or hardwood – what’s the state of it? Replacing the flooring in your home, but particularly your master bedroom, can be a huge value add.
This is because old and worn out floors automatically make the entire space seem dirty and unkempt. If you cannot afford to completely replace the flooring, consider paying to have your carpets steam-cleaned or your floors professionally polished.
How Much Do Master Bedroom Renovations Cost?
Your budget for your master bedroom renovation can vary greatly. For example, you could simply choose to steam clean the carpets, replace the light fixtures, repaint the walls, and add some storage to your closet. There is no reason that all of these things would need to cost you more than $1,000 to $2,000.
However, if you choose to completely redo the flooring, revamp the ensuite, or install window treatments, you are looking at anywhere from $5,000 to $30,000+ depending on the complexity of your project.
Because costs can vary so greatly, it is essential to sit down and really think about your budget and the potential ROI when deciding how must time and money to put into adding value to your master bedroom.
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