How to Budget for a Bathroom Renovation

bathroom renovation

The bathroom is one of the smallest rooms in your home, yet renovations can require a lot of money. A bathroom renovation involves not only changing the layout of the space, but also dealing with the plumbing and electrical systems, as well as the countertops, cabinetry, and tile. If you want to upgrade your bathroom with heated floors, audiovisual features, and more, consider a complete renovation. Listed below are some tips to help you budget for a bathroom renovation.

Cost of renovating a bathroom

The average cost of renovating a bathroom is around $70-$100 per square foot. This figure does not include demolition and sub-flooring. On average, replacing one wall can cost around $2800. Additional costs include installing a new plumbing system or refixing an electrical system. In addition to materials, the cost of labor can account for up to 50% of the total cost. Before you begin planning the project, get a ballpark idea of what you can afford.

Estimated costs

Whether you are planning a DIY project or hiring a professional bathroom contractor, you need to know the estimated costs of your project. These costs include the labor and materials needed to finish the project. If you decide to DIY, there are several steps you can take to save money. For example, you can start planning while you’re on vacation by deciding which type of sink or shower you want. Estimated costs of bathroom renovations are based on industry averages, and will differ for each project.

Materials used

Among the various materials used in bathroom renovation, ceramic tile is the most common. Most renovation companies use ceramic tile for the bathroom finishes, as it is highly durable. To lay the tile, prepare a leveled, aligned, and primed surface. Use a trowel with an embossed or notched edge to apply adhesive. Once the tiles have been laid, the walls can then be painted. If you do not have time to hire a professional, you can do it yourself.

Average cost

The average cost of bathroom renovation is $10,499, based on a report conducted by remodeling magazine in 2005. The average cost varies, depending on the size and type of bathroomware you’d like to replace. However, the research shows that 39% of your bathroom renovation costs can be recovered when you sell the house. To estimate the cost of your bathroom renovation project, make a list of all the priorities you’d like to include, and then determine what you’re going to do with the space.

Return on investment

There are many things you can do to increase your return on investment of bathroom renovations. For starters, make sure you have a theme in mind when you begin the process of renovating your bathroom. Even if you haven’t yet decided on a theme, invest in proven designs that will bring you the best results. Otherwise, the renovation may not bring you the expected ROI. Here are a few things you can do to increase your return on investment: