Having your bathroom remodeled can be stressful, time consuming, and expensive. With some home remodeling projects, you can make decisions as you go along. A bathroom remodel does not provide you with that same luxury. You should always have a definitive plan written down before starting and should try to stick with it as much as possible. To help things go smoothly, consider a these must-read bathroom remodeling tips.
How much should you spend on your master bathroom? A rule of thumb is that the total project—including materials and installation—should cost no more than 5 to 10 percent of your home’s value. The National Kitchen & Bath Association (NKBA) puts the national average at about $16,000. Another guide is Remodeling Magazine's Cost vs. Value report, which compares the average cost of various renovation projects with the value they retain at resale. In 2011-2012, mid-range bathroom remodels cost an average of $16,552 and recouped 62 percent, while upscale bathroom remodels cost an average of $52,249 and recouped 56 percent. Here’s how the NKBA breaks down the budget for a typical bathroom remodel:
The average bathroom remodel costs $10,436 Most homeowners spend between $5,968 and $14,905. You can spend as little as $3,500 to $7,000 updating the essentials in a small or medium-sized bathroom. On a large or master bath, you could spend $25,000 or more. Labor averages 50 percent of the total project price at about $65 per hour. Expect pricing to vary regionally up to 20 percent due mainly to labor. Material prices stay roughly the same across the country.