Does an ensuite add value as well as luxury?
An ensuite is one of the most desirable and convenient home-improvement projects you can add to your property. But can a private loo and shower/bath (away from the rest of the household) increase you property’s value, as well as give some boutique hotel vibes? And if so, by how much?
In short, yes… by loads!
According to a survey carried out by Nationwide Building Society, an ensuite can add as much as 5% to your home’s market value. Five per cent might sound like a small amount, but according to the Land Registry’s June 2017 House Price Index, the average house price is £223,257 which means that this small home improvement could inject more than £11,000 into the value of your home. If you live in London, it could increase your house price by nearly £25,000.
Is it the right home improvement for you?
Adding an ensuite is one of the most popular home improvements carried out today. However, if you’re exclusively carrying out home improvements to increase your property’s worth, you need to be aware of its ‘ceiling value’ – the value at which, due to your home’s area and size, a home improvement will max out and then start to increasingly diminish. For example, while adding an ensuite to a one- or two-bathroom property will increase your home’s price tag considerably, doing so to a four-bedroom home that already has four baths will not move its value by much.
Do you have the space?
Many homeowners believe that, in order to have an ensuite, they need a colossal master bedroom. This is not the case. The fact is, most average-sized bedrooms could comfortably accommodate a private bathroom.
While including facilities such as a bathtub or dressing area will take up more space, it is feasible to fit a complete ensuite with a toilet, mirror, heated towel rail, basin and shower in as little space as 150x130cm. If you’re unsure, get a bathroom expert to evaluate the space and give you a straight answer on whether it’s possible or not. They will be able to design the room maximising the available space you have.
What should you include?
As the title suggests, ensuites are luxury features. Consequently, you should do everything you can to make yours feel as luxurious as possible and maximise the value gained, even if it is very small. Avoid gaudy-looking gold-plated faucets and other items that are only going to appeal to a niche selection of homebuyers.
If most viewers who look around the home see the ensuite and think that they’d want to rip it all out and redecorate it, you won’t have added any value. Stick to a neutral colour scheme and install modern-looking fixtures and fittings that have a spa-like feel. A decent power shower and heated towel rail are inexpensive features that will appeal to a wide audience. If you’re willing to spend a little more on the room, then go for underfloor heating, which, thanks to advances in technology, has dramatically decreased in price, but is one sure way to attract would-be buyers.