How to Plan Your Bathroom Remodel Budget
You don't need to spend more than you can afford to remodel your bathroom. Bathroom remodeling and design experts can help you get the most out of your bathroom remodel budget.
Home improvement is always a great investment. Remodeling or adding on to your home can raise its resale value tremendously. But it doesn't have to have a high cost to yield a great reward. If you're looking for a bathroom remodel that will improve your home and the time you spend there, but don't have several thousand dollars to sink into it, don't worry. Especially with small bathroom remodels, you don't have to break the bank to make a great improvement.
At Express Plumbing & Remodeling, our professional Los Angeles plumbers can work with you to create the perfect bathroom remodel for your home and your budget. Here are some of the ways you can work to keep your finances in order.
What can (and should) you spend?
Upscale bathroom remodels will cost, on average, around $26,000. But, of course, the actual amount spent by individual homeowners will vary. The amount that you are able to spend, willing to spend, or would be wise to spend depends on your financial situation, your home, and your family's lifestyle. Take an honest look at your financial situation and figure out how much you can realistically spend.
Also think about how much longer you plan on living in your Los Angeles home. If it's five years or less, then you'll want to chiefly consider the return on your investment that you'll see when you sell your home. On the other hand, if you plan on staying in your home for more than 5 years, you'll want to mainly think about the comfort and enjoyment that you and your family will get out of the new space.
Cut costs on your bathroom remodel wherever you can.
When you're planning the design of your Los Angeles home's bathroom remodel, don't forget to account for labor costs. Usually, this will end up being about ⅓ of your costs for the entire project. If you need to cut costs, start with any amenities that would be nice, but aren't necessary. If you're working with a smaller budget, figure out what essentials your project needs, and see how much more room you have for any more add-ons.
This may mean sacrificing a luxurious new sink to make sure that the flooring is adequate, but in the end, the essential features are what you'll value most.
Leave some room for the unexpected.
Especially with older bathroom remodels, you'll need to be wary of plumbing issues. Once you've gotten ready to redo flooring and install new fixtures, you may start to find there are some budget-busting plumbing problems that you had no idea were there. So it's wise to make sure you've left a little wiggle room in your budget for any unexpected problems that may crop up.
Our Los Angeles bathroom remodel experts recommend you have around 10% of your budget reserved for unexpected problems. And if at the end of the job you haven't had to spend it, you can look at adding on a few of the more luxurious features that you cut out over budget concerns in the beginning.