Paul Stepka, the real estate broker I work for in Connecticut, says it is less about the cost of the remodel than it is the ease with which our house will sell. Prospective buyers will look at the gourmet kitchen we built a couple of years ago, which opens up to a huge sunroom area surrounded by glass, and think "Wow!" according to Paul. Then they will see the modestly accoutered bathroom and say one of two things to their real estate agent: "Next house, please," or "How much to renovate the bathroom?" That is especially true in the currently strong buyers market.
Mrs. and I will have some intense conversations today before we render our decision to the bathroom contractors. I think we are going to tell them to go ahead. It may be the wrong decision financially, but we will never know. Ignorance is bliss, especially if it comes with a fancy new showerhead.