When it comes to bathroom remodeling there is one question we all want answered: what is this bathroom remodel going to cost? A quick Google search yields thousands of pages offering to tell you… very little. A few sites such as AngiesList, HomeAdvisor, and even HGTV will get you in the ballpark. But eventually you’ll want to get serious. This means calling Contractors and getting three bids.
Before you peruse a few articles on the web and start asking your friends on Facebook what they think, check out these factors. Going into your Contractor interviews with this information will help you get a much more accurate number. It will also prepare you ahead of time knowing what budget you’ll need to set to get the bathroom remodel that you really want.
There are a ton of variables that will affect the cost of a bathroom remodel. The first and most often overlook factor is the age of your home. Things like lead paint or asbestos can add a significant cost to any project. Dry rot, water damage, or load points can also have a serious affect on the cost. Your Contractor should always have the proper tests performed before starting any demolition to keep your family and his crew safe. Outdated wiring and plumbing are also considerations when dealign with an older home. For example: you may not have the correct electrical provision to meet code requirements and pass inspection.
The next thing that will determine cost is the design of your remodel. Are you moving walls? Are you going from a tub/shower unit to a separate tub and shower? Do you want a large steamer shower wrapped in natural stone? What about heated floors? Are you adding any windows?
The layout and design of your remodeled master bathroom have a LOT to do with the cost of your project!
Finally the selections you choose will literally make or break your budget. If you want a tile shower, you can choose $0.89 a square foot tile, or (no joke) $36 a square foot tile. Multiply that by your 125 square foot bathroom and you start to see where costs can skyrocket!
Everything has a cost and those costs can vary greatly: countertops, cabinets, plumbing fixtures, lighting, flooring, wood trim, windows, doors… the list goes on and on.
A good Contractor will walk with you through the design and selection process. They will ensure that nothing gets missed and that you have made all the decisions you need to in order to keep to your budget.
Historically, a master bathroom remodel is the #2 factor in adding value to your home. Kitchens are typically #1. The National Association of Realtors shows a 57% return on investment. Remodeling Magazine shows between 65% and 75% return.
You should talk with your Realtor to see what budget range might be best for you. If you are planning on selling your house in the near or distant future, their advice may be very helpful. At North Light Builders our Designer is also a full time Realtor and can offer incredibly valuable insight into this question!
There are many ways that you can finance a bathroom remodel. If you have a good relationship with your bank, we suggest talking to your bank rep to see what your options are. North Light Builders also offers financing options.
Budget ranges serve an important purpose in bathroom remodel cost. They help you determine what you can or want to afford. They also set a working base for your Contractor to start off with. Setting the budget enables your Contractor to help you pick out the right materials and finishes to keep the bathroom remodel cost under control.
The costs listed above come from Remodeling Magazine’s Cost vs. Value report and from the NAR Remodeling Impact Report. The budget ranges have been adjusted to match our own historical data on bathroom remodel cost.
We hope that this has been helpful! Our goal is to educate and provide resources for our community to best understand what to expect from a remodel. If you have any questions please contact us!