When you decide to spruce up your bathroom, you might be confused as to what a reasonable budget might be. And without knowing what the average price ranges are for different types of remodels, it is indeed very hard to make informed decisions regarding the cost of the remodel. For this reason, we’ve broken down the details of what it would cost to remodel your bathroom and what price ranges you can expect.
Why remodel your bathroom:
First, let’s briefly go over the advantages of remodeling your bathroom. The biggest advantage is that a home’s resale value is positively impacted by recent remodeling, especially if it includes replacing an outdated bathroom. If you’re planning on making your home a forever home, investing in improvements and renovations can give it a new life. Realtors often advise that bathrooms rank high in terms of return on investment, as well as aesthetics. Depending on the scope and size of the job, you may want to consider upgrading existing fixtures or adding new ones such as heated floors to increase its value, should you decide to sell at some point down the road.
Factors that affect the price of your bathroom remodel:
A reasonable budget for a bathroom remodel in 2023 will depend on the size of the bathroom and what your desired outcome is. If you are looking to build a luxurious bathroom addition, you may need to invest more money into flooring and tile work. Radiant heating systems are becoming increasingly popular for luxury bathrooms; however, they can be costly when it comes to installation costs. On the other hand, if you have a small bathroom, then there may be many options available that won’t break the bank. Home remodels usually require additional living space which can be expensive, depending on what type of materials you choose and how extensive the renovation is.
A reasonable budget for a bathroom remodel will depend on:
1 – The size of the bathroom:
Consider the square footage of your bathroom, as the bigger it is, the more it will cost.
2 – The work you want done:
Are we talking about simply replacing the tiles or building a whole new bathroom?
3 – The materials used:
Depending on the materials you choose, the cost can vary tremendously.
So what price ranges can you expect?
A small half bathroom or small bathroom remodel in 2023 will require a reasonable budget depending on the size, scope and luxury of the project. Many online sources can provide an average cost per square foot for labor and materials, but it is important to consider additional costs such as fixtures, appliances and plumbing when factoring in the total cost. A renovation job may vary greatly depending on the size of your bathroom and whether you are doing a full remodel or just simple cosmetic changes.
A bathroom remodel can be a costly renovation project, with average prices varying according to the size of the job. For a small bathroom remodel, homeowners should expect to pay anywhere from $3,000 to $7,000. A midrange bathroom renovation typically costs between $10,000 and $20,000, while an upscale bathroom remodel can cost up to $30,000 or more. Labor is typically one of the biggest costs associated with any bathroom remodels and usually accounts for 40-45 % of your budget. In order for homeowners to get a full return on their investment they should plan on spending at least 10 % more than what they have budgeted in order to cover any unexpected costs that may arise during their renovation project.
Labor costs:
Depending on the scope of the work you want done, labor costs may range anywhere from $50 to $100 per hour.
Material costs:
which can typically range anywhere from $1 to $200 per square foot.
For example, a small bathroom (under 75 square feet) can cost around $9,000-$12,000 while a full-size bathroom (100 square feet or more) could cost upwards of $20,000. This would include new flooring and fixtures such as toilets and tubs as well as updating sinks and countertops. A budget between 10-15 % of the home’s value is usually considered reasonable for most bathrooms. On the other hand, a full renovation, including a complete luxury redesign, could easily cost in the hundreds of thousands of dollars depending on the size and scope of work.
Additionally, the costs may differ slightly depending on the bathrooms’ function; a full bath remodel for a master bathroom can cost around $10,000 or more, while a guest bath may be slightly less at around $7,500.
Depending on the additional type of features you’d like to add such as appliances, fixtures and other home items, the costs will vary accordingly. For example, if your project includes a steam shower in the master bathroom, that could add an additional few thousand dollars to the total remodel costs
Conclusion:
To have an idea of how much your bathroom renovation will cost, you need to factor in various aspects of the job, such as the size of the bathroom, the type of work needed and the materials used, plus a little extra for unexpected expenses. To get an exact cost estimate for your bathroom, get in touch with us for a free consultation and we’ll do the math for you!