Bathroom Remodel Tips
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Create a Budget
When you get the opportunity to transform your home into the exact style you want, you’re making an investment in your property and yourself. Home and bathroom remodeling can cost as much as you let it, and without a solid budget, costs can spiral.
The solution is to research local custom building costs, set a realistic budget, and then try to stick to it. This is easier if you choose a remodeling contractor or design-build firm that offers fixed pricing rather than estimates.
Bathroom remodels can get expensivequickly, mostly due to labor costs and, to a lesser extent, materials. Top bathroom general contractors and the licensed subcontractors they work with are professionals. They are in demand. If you want to upgrade your existing bathroom to higher-end materials, you’ll need to factor in the cost of everything from tiles to a bathtub.
To create your budget, you’ll need to take into consideration a few things:
- Are you looking to sell within a few years?
- Do you want to change the location of plumbed-in items?
- What parts of the new bathroom are absolutely essential?
- What can you afford to invest?
Remodeling your bathroom before selling your home
I usually advise clients to remodel their home with their own use—not resale value—in mind. With few exceptions, you will only recoup part of your remodeling investment when you go to sell your home. If you only plan to stay a year or two before you sell, you might want to think twice before investing in any major remodeling projects.
That said, bathroom remodels tend to recoup a healthy portion of their cost when it comes time to sell. This is particularly if your old bathroom was excessively worn or outdated. In 2018, the average bathroom remodel had a 70% return rate when the property sold. If you plan to be in your home long enough to really enjoy the new space, it may very well make sense to invest in a remodel.
One quick tip for you. If you are trying to keep resale value in mind, make design and materials choices that are likely to have broad appeal and aren’t too specific to you. Consult a real estate professional or interior designer for guidance.