Are you planning a bathroom remodel but feel overwhelmed by all the potential costs? Setting a realistic budget is essential to staying calm while ensuring the success of your project.
Despite what you may believe, a budget actually helps your contractor give you the bathroom of your dreams. But we’ll get into that in a moment.
First, here are some tips to help you plan your bathroom remodel finances:
Determine Your Priorities
Start by identifying your must-haves and nice-to-haves. Prioritizing your goals will help you allocate your budget effectively. Consider factors like the overall style, functionality, and space restrictions. And don’t forget to think about ease of use and accessibility, if those are factors for you, your family, or frequent guests.
Research Costs
Check out average costs of materials and labor in your area. Online resources, local home improvement stores, and contractors can all provide valuable insights. Keep in mind that prices can vary wildly depending on the quality, brand, and type of materials you choose, as well as your geographic location.
Your Budget Should Allow Room for:
- Demolition: removing existing fixtures and materials
- Plumbing: new pipes, fixtures, and installation
- Electrical: rewiring, lighting, and outlets
- Flooring: materials and installation
- Cabinets and vanities: new cabinets and vanities
- Fixtures: sinks, toilets, tubs, faucets, and shower hardware
- Labor: hiring a professional contractor
Consider Cost-Saving Strategies
- DIY projects: If you’re handy, consider tackling some tasks yourself, like demolition or painting, to save on labor costs. Not all contractors will be open to this option, but it’s worth asking about.
- Be open to options: Materials can make or break a budget, so can the time it takes to install them. For example, the time and cost to have luxury tile installed floor-to-ceiling in an intricate pattern will be much, much higher than the installation of an easy-to-clean, beautiful solid surface. (And you may actually prefer the look of it!)
- Be honest with your contractor: Letting your contractor know what your overall budget is, and which wish-list items could be adjusted or left out entirely, will help them tailor the project to your particular needs and give you as close to your vision as possible.
Be Prepared for Unexpected Expenses
In Handyman Network’s experience remodeling hundreds of bathrooms, large, unexpected expenses are uncommon. Yet even with careful planning, unexpected costs can arise. Set aside a contingency fund to cover potential surprises, such as hidden water damage or structural issues.
Work with a Trusted Contractor
Choosing a licensed and insured contractor is an absolute must. Ask friends for recommendations, look at online reviews, and don’t rush through any meetings or discussions with the prospective contractor. Finding someone you trust is key.
By following these tips and working with a trusted contractor, you can successfully plan and enjoy your beautiful, new bathroom without breaking the bank.
Our team at Handyman Network specializes in bathroom remodeling and will work with you to develop a plan that aligns with your budget and goals.
