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:
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.
When updating your bathroom, don’t forget to redesign with the environment in mind. Low-flow toilets, sinks, and shower heads will not only help you conserve water, but they’ll also save you money. Plus, water-saving shower heads and faucets often cost the same, if not less, than traditional ones. So you won’t have to spend money to save money here.
Financial limitations can make remodeling bathrooms on a budget a challenge, but it’s not as bad as you might think. If your bathroom has outdated fixtures, or you’re simply tired of looking at decor you’ve had for decades, it’s a good time to take charge and renovate. Even if you have limited resources, a full or partial bathroom remodel is within reach. Here are some practical and economical ideas to consider for the budget-conscious.
Pedestal sinks can saver or waste space depending on the arrangement and storage options of your bathroom. If you want to open up floor space, they’re an excellent choice. However, they don’t offer the storage that vanity cabinets provide. If your bathroom lacks storage but you have your heart set on a pedestal sink, include open shelves or a tile-lined niche behind or adjacent to it. Alternatively, consider using cabinetry 16 or 18 inches deep, instead of the usual 21 inches, to maximize your floor plan.
Your creativity will show with adding or replacing floor tile and wall tile with a bathroom remodel. The choices of polished or textured, subtle or bold, patterned or solid and single- or multi-colored are just the beginning of your options. Modify the traditional brick pattern to install subway tile vertically, or consider a herringbone layout to add visual interest to simple tile designs.
Another often overlooked, yet important detail, is grout and caulk. When this gets grimy, it gets unsightly. By simply cleaning the grout and adding straight, clean lines of caulk around the tub and sink, you can add sparkle for a mere few dollars. You might be surprised at what a difference this can make! Grout and caulk are both cheap, so this is a very inexpensive way to freshen up your bathroom.
Nowadays, walk-in showers have become a symbol of modern bathrooms. Last month my neighbor also renovated their bathroom and installed a walk-in shower to get more space, by hiring the services of walk in bathtub, which was made of glass, without rails and sometimes with a frameless look. After the overall renovation of their bathroom, it looks elegant and stylish.
Bathroom remodels provide 60 to 70 percent resale returns as a home improvement project. However, this project isn’t cheap. It is essential to plan your remodeling ideas ahead of time. Then, hire a remodeling contractor for the job. Ask questions, set realistic expectations, get accurate cost estimates and budgeting from the start. Also spend time learning how to work with a bathroom contractor.