The term green has a double-meaning for remodelers: eco-efficiency and dollars & cents. Your goal for bathroom remodeling is to invest approximately the amount that it'll add to the value of your home for reselling purposes—even if the point isn’t to sell your house.
Ultimately, you want to get recouped for twice the amount you spent on the bathroom. In order to determine how much a remodeled bathroom is worth, you’ll need to look at the real estate market in your area and most likely talk to an agent.
A good starting figure for a complete bathroom remodel project is $10,000. While that may seem steep for such a small area of your home, take into consideration how vital that room is to the house. It uses the majority of the home’s water supply, and you spend a great deal of time grooming and relaxing there.
As far as labor costs go, bathroom remodels are one of the costliest projects to undertake. Because of the arduous plumbing and electrical tasks, it’s best to get a few cost estimates and plan your budget around those. You’ll likely spend 40 percent of your budget on bathroom products, materials and fixtures, and 60 percent on labor.
One way to keep labor costs at a minimum is to leave everything in its place. Moving plumbing pipes or electrical fixtures requires extra time in skilled labor, as well as additional materials. If you can avoid re-routing the bathroom’s framework, your remodel should cost significantly less.
The materials themselves can vary widely in cost, depending on the scale of your bathroom. Basic water and electricity-saving fixtures will cost much less than upscale, luxury models.
Keep in mind that the goal is to add value to your home, whether it’s for your own family or to sell it to the next owners, so keeping to the bare minimum may not be in line with that objective. And it’s nice to have a little bit of luxury in a newly remodeled room.
You can actually start saving before you even choose a contractor. In fact, when you’re comparing price quotes from different companies in your area, be sure to ask each contractor for an itemized estimate. This allows you to see where their costs differ on specific items, and gives you a better idea of the way they operate. You can get a couple estimates for free by clicking here.
Once you have your estimates in hand, you’ll know exactly where you can reduce costs, as well as whether or not your original budget was a reasonable one.
Bathroom remodels typically take about 16-20 days for completion, not including unexpected delays or contingencies that may arise (you never know what’s under those floorboards). As long as your contractor can fully devote himself to your project, you should finish without much difficulty.
But don’t be in a hurry to remodel your bathroom in minimal fashion or cut corners. It’s better to save up for a little while longer, or find ways to reduce costs and still get what you want. Make it a bathroom you really care about.
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