Bathrooms and kitchens sell homes. They’re two of the most important rooms in any house, and that’s why homeowners put so much effort into the remodel. You want the bathroom to be timeless, classic, and relaxing, but you don’t want to overspend. Some homes require more money in the bathroom than others. It depends primarily on the size, the layout, and the current features. It also depends on the home since homeowners don’t want to make the mistake of over-improving. This is why budget is so important.
Return On Your Investment
The most important thing to consider when planning the budget is less what you can afford and more what’s a reasonable amount of money to spend. You might be able to afford $50,000 in renovations, but it’s not a wise amount to spend on a bathroom in a $100,000 house. If the house is worth $750,000, spending this is a much wiser move. You must find out what bathrooms are running in homes similar to yours, what homeowners are spending, and how much you’ll get back if you do the same. You don’t want to over-do it and end up not getting your money back.
What can you afford? Your income matters when it comes to finding out how much you can spend on your new bathroom. How much can you afford to save or finance when it comes to your remodel? Is the bathroom the only room you’re remodeling, or do you need to figure out how much of your funds to allot toward the bathroom in addition to the rest of your home? There are various factors, but it does depend on what you can afford, how much you make, and what you’re spending.
One of the other factors you must consider when you remodel is the material you plan on you using. You want to spend more if you’re choosing high-end materials such as solid wood custom cabinets and solid surface countertops. If you’re re-tiling the shower or floor, you want to spend more. If you’re doing the work yourself, you might want to spend more in some places and less in others. What do you want to see when your bathroom is completely remodeled? Take that vision, put it in on paper, and then check prices of the materials you want to use. You might be surprised what you can find for prices you can afford.
Who is doing the work?
Are you doing the work yourself, hiring a contractor to do it, or splitting the job with a contractor? Depending on what you’re doing, you might be able to save more money and lower the budget, spend more on certain items, or cut down on materials due to paying contractor fees. If you’re doing the work yourself, you’re saving on contractor work. You can spend more on materials, and that’s a winning combination.
What you want to spend on your bathroom remodel is very personal. Be sure you check out what other homes in your area are doing in their bathrooms, compare yours to others, and don’t do too much. You want to get a good return on your investment, but you also want to spend your money wisely and fall in love with your new bathroom. As always, choosing timeless classic materials is a good way to spend your money. If it never goes out of style, it’ll continue to appeal to buyers no matter when you choose to sell your home.