Budgeting For Your Bathroom Remodel

Remodeling your bathroom is something that must be done every few years. This is one of the most used spaces in the home, so it is commonplace to have some wear and tear. Remodeling on a budget can be difficult. You may need more space or need it to be brighter and more up-to-date. However, the average cost of a bathroom is around $10,500 according to Remodeling Magazine. There is no need to break the bank though, you can remodel on a budget and still have all the things you need.

Create Your Plans Ahead of Time

If you want pure luxury, you could spend up to $25,000 in your bathroom. If your budget is a bit demure, then that is no problem either. You should lay out the plans before you get started. Brainstorming can help you decide what you can afford and what you can’t. It can also make the project easy. Start shopping for sinks, tubs, and paint colors beforehand. You can spend $10,000 on these items alone. Start window shopping and put together a great plan.

Be sure to talk to your partner about what you can really afford. If you are going to sell your home soon, then you may want to talk to a realtor. You need to see what will bring you the best return on investment. If you plan on being in the home for more than five years, then you can spend a bit more with your family’s needs in mind.

Make A List of Your Needs

Lists are great for those who must be organized. If you are not an organized person, you should make that a priority for this project. You need to write down the items that you need to replace, the changes you want to make, and everything that needs to be updated. Do you need to paint, do you prefer to wallpaper the space? Does the bathroom need to expand into a nearby closet or other area for more room? Make a list of all the things you wish to accomplish with this project.

Prioritize Your Budget and Space

Some remodels may be partial while others may be a complete gut job. If you don’t have a lot of space in your room, you may need to add a closet. The whole remodel may be based on adding a closet for storage. Do you have an old, outdated shower? Perhaps, you want to add a shower-tub combination. If you have the space, then you might want to add a freestanding shower and separate soaker tub. What about the flooring? Do the floors need updated? You may have money in the budget to add heated floors.

Allocate Money For A Professional

There are many things that the average homeowner can do themselves. However, there are some things that are better left to the professionals. Those items are plumbing, electricity, and HVAC work. Make sure your budget has room for the assistance of these professionals. You will thank yourself later.

Buy Big Ticket Items First

The most expensive items should be bought first. All “splurges” should be done early on. There is almost never any money left at the end. Whatever you figure for the cost of your project, add more to that figure. You need a cushion in case of a problem. Buying the big ticket items first is a good way to ensure that you get the things you want out of this remodel.

Allow Your Budget To Dictate Your Purchases

Your budget should allocate so much for each purchase. For instance, if you allow $250 for a new faucet, your budge would deny you purchasing one that is $350. The exception would be if you save on one item you can use that money in another area. Using the budget as a guideline will keep you on track with the budget. It will save you from spending too much.

Lastly, you need to have a timeline. Try to stay on task and budget at the same time. It will be a juggling act, but you can do anything you set your mind to. Creating the best bathroom for your family is an investment that is worth every bit of blood, sweat, and tears that goes into it.