New decade, new year…new bathroom? For those of you who have been considering a bathroom renovation. We strongly suggest a bathroom remodel this year. Why not start your year off on a high note?
Second to the kitchen, bathroom models are the most popular rooms in a home to remodel. Perhaps this is because it is one of the most frequently used rooms in the home and most bathrooms are seen by home guests, so of course you want it to look flawless. Unlike a bedroom or living space, bathrooms tend to show their wear and tear, so if you have been living in a home for ten or more years, there is a good chance the wear and tear will show.
Maybe your bathroom is not showing its wear and tear- which is a good thing! But perhaps you can tell that its outdated. Newer built homes have large bathrooms that are bright and visually appealing. If you feel as if the bathrooms in your home are not as nice as other homes out there, it might be time for a remodel.
You really don’t need a reason to remodel your bathroom. The best thing about being a homeowner is you are free to make changes as you please! Before jumping into a bathroom renovation. It’s important to note the remodel costs. Following kitchen remodels, bathroom remodels can be just as expensive. We’re here to go over the prices you can expect to pay on a bathroom renovation this next year.
Setting A Budget
First things first; before we can really get deep into talking about costs, it’s important that you determine a budget and stick to it as best as you can. According to the National Kitchen and Bath Association, homeowners should expect to spend between 5 to 10 percent of your home’s value on a bathroom model. So, if your home is valued at $500,000, you should keep your budget between $5,000-$10,000. If you have the funds, of course you can spend as much as you wish to achieve your dream bathroom. Here’s what you should account for your budget:
· Installation: 20%
· Cabinetry and Hardware: 16%
· Fixtures: 15%
· Faucets and Plumbing: 14%
· Flooring: 9%
· Countertops:7%
· Walls and Ceilings: 5%
· Design Fees: 4%
· Doors and Windows: 4%
· Other: 1%
Labor and Material Costs
Once you have established your budget, it is time to find a contractor to help with the renovations. Many people underestimate the difficulty of a bathroom renovation. Those who attempt to take on a complete bathroom renovation on their own come to find that its easier said than done. Bathrooms are tiny rooms that have fooled many handy men into visions of a DIY savings that have only turned into bigger issues down the road. In addition to the cost of taking the project on yourselves, there is a good chance you will need to invest in a contractor down the road to fix the mistakes. Safe yourself the trouble and start with a contractor.
When you do find a contractor that you trust, ask for a quote for both labor and materials. You have the ability to research materials yourself, so before signing the contract, take an in depth look at the quote to ensure the materials cost about the same as what you have found in your own research.
Bathroom Remodel Costs
As mentioned, the price of a bathroom remodel should cost about 5-10 percent of your homes value. The average cost of a small bathroom renovation ends up being $4,500- $15,000. The cost all depends on the size of the bathroom and the quality of the remodel. If you have a large bathroom or want to splurge on high end building materials, you will end up paying a ton for the remodel. But if you have a smaller bathroom and are willing to settle for low-cost building materials, you will pay less and stay within your budget.
When it comes to choosing building materials, we recommend thinking twice about the products you want to use. While everyone would like to take the cheap and easy way out, it could end up costing you in the long run. For example, if you choose to paint your walls with a premier paint and primer, it is very unlikely you will have to redo your walls in the near future. When choosing building materials, consider durability and price.
Here is what the typical bathroom project costs:
· Bathtub: $400-$1,500
· Cabinets: $1,200-$3,500
· Flooring: $800-$2,000
· Lighting: $450-$2,000
· Shower: $450-$2,000
· Sink: $190-$900
· Toilet: $130-$250
· Paint: $100-$150
· Stylish embellishments: $50-100
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For a mid-range bathroom remodel, the average cost is $15,500-$25,000. This cost is for larger bathrooms and quite a few replacements of fixtures. In this range, most homeowners tend to splurge on higher quality products. For instance, homeowners needing new bathroom tile might splurge on heated floors for their bathroom.
Here is the average cost of mid-range bathroom remodels:
· Bathtubs: $2,600-$4,100
· Cabinets: $4,700-$7,000
· Countertops: $2,800-$4,100
· Flooring: $2,500-$3,600
· Lighting: $1,000-$1,700
· Shower: $3,000- $4,800
· Sink: $1,400- $2,300
· Toilet: $340-$480
· Paint: $200-$300
When adding up your budget, consider how many fixtures you want to replace. For instance, if you have a shower, sink and toilet, you will need to replace a total of 3 fixtures. If you are unsure about which products to choose during your renovation, speak to your general contractor and they can make suggestions based off your interest.
Working with A Team You Can Trust
The final outcome of your bathroom renovation strongly depends on the general contractor you choose to work with. When choosing your general contractor, consider your budget and if they are able to match it, ensure that the timeline they give you aligns with your expectations and most importantly, choose a team that you can trust. Not only do you want to trust that they will deliver the best work, but you want to know that you are getting what you pay for. Everyone wants to be happy with their bathroom renovations.
If you are interested in doing a bathroom renovation in 2020, give our team at Legacy Renovations a call. Legacy Renovations is dedicated making our clients renovation dreams come true.
