So you’re ready to redecorate and redesign your bathroom, but want to figure out the pricing? But dropping $20,000 on a deluxe spa retreat is light years away from what you can afford to spend. Here’s the good news: You don’t need mega-bucks to transform your bathroom into a relaxing, cool space. There are plenty of ways to renovate and redesign on a Pricing budget.
According to Remodeling Magazine’s Cost vs. Value report, an average bathroom remodel costs around $10,500 while an upscale remodel is going to run you a hefty $26,000. However, if you do the work yourself and get creative, This Old House estimates that you can do a remodel for $1,000 to $3,000, or even less, depending on how much you want to change.
Moreover, updating or adding a bathroom to your home is a home improvement project that adds value. In other words, you’ll recoup a significant portion of costs when you sell your home, as much as 100%.
Determine how much you can afford to spend on your remodel to determine the extent of the changes you can make. If your budget is on the low end (i.e. $1,000 or less), you’ll want to stick to cosmetic changes, such as new fixtures or a new sink, and new paint. If you have more to spend, you can focus on larger changes, such as adding tile, a bigger shower, or a window. Again, it all depends on your budget.
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