5 Plumbing Upgrades that Increase Property Value
Updating your home plumbing and presenting potential buyers with a higher level of luxury and convenience can attract market attention and help drive higher value when it comes time to sell. But before signing off on plumbing upgrades, identify the renovations that offer the best return for your remodeling investment.
Our team at Thunderbird Plumbing Victoria is here to help.
Let’s explore five plumbing upgrades that capture buyer attention in the BC real estate market.
Low Flow Toilets
According to the latest data from Zillow, bathroom renovations offer a $1.71 return in value for every $1 you spend. The installation of low-flow toilets is a bathroom upgrade option because the modern homebuyer is not only environmentally conscious but also budget-focused. A recent E.ON Energy study found that 89% of prospective buyers want sustainable homes that are kind to the planet.
Buyers are also looking to reduce ongoing water costs. So low-flow toilets could help your property get immediate market attention.
Tankless Water Heaters
On-demand water heaters are another efficiency upgrade that attracts buyers to your property. This upgrade could have a particular value if you’re selling a larger family home, as tankless water heaters can help families save thousands of dollars on heating costs. Data from the U.S. Department of Energy has found tankless water heaters can be up to 24%–34% more energy efficient than conventional storage tank waters.
When planning the installation of tankless water heaters, speak to your plumber about the potential rebates available. FortisBC has a list of qualifying tankless water heaters and the rebates available.
Bathroom Remodels
If you have the renovation budget before placing the property on the market, you might consider a full bathroom remodel.
In older homes, a complete bathroom renovation can help set your property apart from others of its age in the Victoria, BC housing market. Your plumber can upgrade the tub, faucet, and sinks for a modern aesthetic and to meet the high plumbing performance standards expected by today’s homebuyer.
New Faucets
If you don’t have the resources for a complete remodel, consider replacing the faucets in your bathroom and kitchen. Faucets are one of the elements that attract buyer attention right away when entering the room.
An out-of-date or rusting system may lead the buyer to wonder what other plumbing issues exist in the home. Replacing your faucets is a thoughtful upgrade that gets attention without a high cost.
Re-pipe Water Lines
Homebuyers are savvy in analyzing all structural elements of the home’s plumbing system. If your home has older copper pipes or leaking plastic pipes, buyers will find out in the inspection report.
Upgrading to PEX or steel pipes will help provide the durability buyers expect when purchasing a new property.
Thunderbird Plumbing is Victoria’s Best Plumber for Renovation Projects
When you’re searching for a Victoria plumber for your next plumbing renovation project, make Thunderbird Plumbing your first call. Our plumbers have decades of experience in renovation projects across Oak Bay, Colwood, Uplands, and the Greater Victoria region.
We’re available now to help transform your home and capture the attention of local property buyers. Call today to book a free upgrade quote.