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.
What are the Biggest Factors Affecting the Cost of a Bathroom Remodel?
The next question to ask is
Does a Bathroom Remodel Add Value to Your Home?
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!
Setting a Budget for Your Bathroom Remodel
Budget Ranges Stop the Guesswork.
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!