How much does it realistically cost to remodel a bathroom? That question can have a wide range of answers depending on what you're trying to achieve. A recent study showed that typical remodeling costs for a bathroom run around $10,000. That number jumped above $20,000 for "upscale" bathrooms! Before those numbers scare you, it's encouraging to consider that homeowners recovered an average of 102% of the remodeling costs for bathrooms when selling their homes. In most cases, the return on investment of upgrading a bathroom is immediately realized in the value of your home. That's not always the case with other home remodeling projects.
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No matter what
the scale of your remodel, it's smart to set a limit to your budget
before you begin work. Make a clear list of what the budget covers in
terms of materials to labor. Most people will tell you that bathroom
remodeling costs can easily get out of hand without a clearly defined
budget. Next, decide which items are "fixed" costs, and which may be
available at different price points. If you're hiring labor to help in
the project, that cost will likely be locked in by the hour, day, or
project. Likewise, some of the basic materials needed to complete your
work will offer little opportunity for savings. Examples are tile grout,
screws, toilet flanges and caulk.
The real opportunities to save
money (or waste it) in the remodeling costs for a bathroom are in
"variable cost" items. Consider some of the main features in a potential
bathroom remodel: countertops, bathtubs, sink fixtures, mirrors, floor
tiles, and light fixtures. These marquee items can be bought in a
variety of home improvement stores and online. If you're flexible on
color and design based on your wish list, you can save hundreds of
dollars by looking around. One example is paint stores that often give
away gallons of paint for free because the color wasn't mixed exactly.
If you're not picky about the exact tone of white you want, free paint
could be yours!
It's exciting to know that a remodeled bathroom will bring a great return on investment to your home.
But it feels even better knowing you made smart choices and saved money with the remodel itself.
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