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What’s the ROI on Adding a Bedroom or Bathroom in South Carolina?

There are tons of ways to increase your home’s value in South Carolina, such as adding more functional spaces, like bedrooms and bathrooms. When deciding whether to renovate, it helps to know the project’s likely return on investment (ROI).

Adding a sizeable bedroom to your home yields an ROI of around 75%, and nearly the same return if you add a full bathroom. Half baths provide a smaller ROI, but they can still increase the home’s resale value in the future. The exact ROI on adding a bedroom or bathroom depends on the size of the room and the construction materials and finishes used.

Plan a bedroom or bathroom addition or renovation with Phase One by calling 803-404-7168 today.

What’s the ROI on Adding a Bedroom in South Carolina?

Adding more functional living space to your home can greatly boost its resale and overall property value, helping you recoup a good portion of the renovation costs. The exact ROI of adding a bedroom to your house in South Carolina depends on property-specific factors. Phase One can help you consider them.

The ROI on adding a bedroom to an existing home in South Carolina can range from 50% to 75%. Even one additional bedroom makes a house feel larger and comfortably fit larger families moving to South Carolina.

ROI on adding bedrooms to homes varies by location. South Carolina, a popular state for families, makes homes with additional bedrooms even more attractive.

The ROI of adding a bedroom to a house varies depending on the amount of work required and how much it increases property value.

What’s the ROI on Adding a Bathroom in South Carolina?

Whether you add a half or full bath to your house in South Carolina, you can expect a solid ROI.

Half Bath

Adding a half bath to your home, especially one on the ground level for guests to use, can yield an ROI of about 10%, boosting your home’s value by $8,000 to $10,000 and making it more functional for your current needs. Though not a major ROI, only adding a half bath is not a major residential construction project.

Full Bath

Adding a full bathroom to your home has an even higher ROI, ranging from 50 to 70%, depending on the size, location, and finishes. Adding an en suite to a bedroom may offer even better ROI, as these luxury features can boost market value.

Is the ROI of Adding a Bedroom or Bathroom Better?

If you’re deciding the best way to increase your house’s value and make it sell for more in the future, and you must choose between adding a bedroom or a bathroom, we can help you determine which will produce the best ROI based on your area and current home.

Generally speaking, the ROI of adding a bedroom and a full bathroom can be very similar, as both are very useful rooms for families who may move into your house in the future. While you might not see a financial return on investment until you sell the house, you can see improvements in your day-to-day life after making your home more functional for your family.

Both your current needs and the home’s future resale value should influence your decision on whether to add a new bedroom, bathroom, or both to your existing home.

What Are the Key Factors for the ROI on Adding a Bedroom or Bathroom?

Some key factors for assessing the ROI of adding bedrooms and bathrooms include room size, the room’s location in the home, and building materials.

Size

While smaller bedrooms and bathrooms can still have strong ROIs, they may be less strong than larger, more spacious rooms. The size of the renovation or addition also affects labor, timeline, and budget, which directly impacts ROI.

Location

Not only does the home’s location affect the ROI of adding a bathroom or bedroom in South Carolina, but the location of the new space within the home matters as well. Intentionally using existing space and placing new rooms in ideal locations are important.

Building Materials

The building materials used to add a new bathroom or bedroom to your home also affect the ROI, as they influence the total construction cost. Better-quality materials last longer and are a wiser investment, often resulting in a strong ROI.

Finishes

The finishes you choose for a bathroom specifically will affect the ROI. Attractive, top-of-the-line finishes are crucial for bathroom longevity and solid return on investment.

FAQs About the ROI on Adding a Bedroom or Bathroom

When Will You See the ROI from Adding a Bedroom or Bathroom?

You will see the financial ROI of adding a bedroom or bathroom to your house when you sell it, though improving your home’s functionality has immediate benefits for your daily life in South Carolina.

Does Adding a Bedroom or Bathroom Always Have a Good ROI?

Adding a bedroom or bathroom doesn’t always have a strong ROI without smart planning and design.

Can You Design a New Bedroom or Bathroom to Have a Strong ROI?

You can design a new bedroom or bathroom with a strong ROI by choosing high-quality building materials and finishes, considering function and style, and relying on Phase One to help design the new space in your home.

How Do You Calculate the ROI on Adding a Bedroom or Bathroom?

To calculate the ROI percentage of adding a bedroom or bathroom, divide the net profit by the cost of investment, and multiply by 100%.

Is the ROI on Adding a Bedroom or Bathroom Worth It?

Although you aren’t thinking of selling your house anytime soon, finding ways to improve its functionality for you and your family and increase its overall property value can help you in the short and long run, making it well worth it.