Before you start thinking about bathroom renovations, you should consider your budget. The cost of a bathroom renovation can vary depending on the space, features, and materials you’d like to include. In most cases, the price ranges from $100 to $200 per square foot, depending on the features you’d like to add and how much you can spend. Here are some tips to help you plan a budget for bathroom renovations. Also, consider the cost of hiring a contractor.
Start with a rough budget. Bathroom renovations are a big investment, but it doesn’t have to break the bank. Simple upgrades like refinishing walls or replacing the flooring can make a significant difference. Keeping this in mind, try to keep your budget as low as possible, and consider the type of materials you’ll use. A small, inexpensive renovation could help you sell or rent your home for more than you planned.
Once you’ve set a budget, you’ll need to plan a design. Before you start tearing down your bathroom, determine how much you can spend on each project. While a bathroom renovation doesn’t need to cost an arm and a leg, some upgrades can run into the thousands of dollars. In addition, you’ll need to deal with building permits and hiring contractors. A bathroom redesign should be as minimal as possible, but you should still consult with a professional designer and contractor if you’re unsure of your skills and ability.
Make sure to set aside 5% to 10% of your renovation budget for unexpected expenses. You never know what might happen during the renovation process. You might be surprised by water damage or black mould while tearing out your bathtub surround. Or, perhaps your pipes need upgrading to meet current building codes. To be safe, set aside around 10-15% of your budget to cover unforeseen costs and mishaps. If you do have extra money, consider dipping into your savings or using a home equity line of credit.
Remember that your bathroom’s safety should be a priority in any renovations. If you don’t have a safety-rated bathroom, a slip-and-fall accident is a possibility. Installing grab bars and other features to keep yourself and others safe will reduce the risk of a fall. If you’re considering renovating your bathroom, you should ask the contractor when the project is likely to begin and finish. If you wait too long, you’ll end up paying more than you planned to, and you’ll be at the back of the queue.
Your budget will help you determine how much you can spend on your bathroom renovation. It depends on your goals and the materials you plan to use. Make sure you stick to your budget and make allowances for unexpected costs. Even if you’re on a tight budget, it will help if you know how much you can spend on renovations. Keep in mind that it’s not always easy to plan a budget for a bathroom renovation project, so be realistic and set a budget before you start.