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Smart Investing: Bathroom Remodel

Posted by Paige Thomas ~ January 26, 2009

While homeowners are becoming ever more conservative in their spending with the volatile economy, some see the downturn as a way to take advantage of great deals.

While clearance sales in malls seem to be catching some consumer's eyes, the deals aren't just in the retail sector. There are great opportunities to save in the remodeling industry too.

If you've been considering a remodel, this might be the perfect time to start. And the perfect project? It could be a bathroom remodel.

According to a recent article in Forbes Magazine, remodeling material costs are down. This is especially true for copper materials, such as the copper piping and plumbing supplies needed for a bathroom remodel.

While you're saving money on materials, you'll also be gaining value on your home. In the 2008-09 Cost vs. Value Report from Remodeling Magazine showed a bathroom remodel as one of the projects that increased in return on value compared to the 2007-08 report. Just under 71 percent of the cost was recouped with the bathroom remodeling project.

Even in a recession, it's always good to look for the silver lining.

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