The average midrange bathroom renovation upgrade costs $19,134, with homeowners seeing an average return on their investment of 70.1%. Thoughtful bathroom remodels may even see a higher return. Read our tips on how to find a balance between saving money and making wise investments during your bathroom remodel.
1. Preserve Existing Bathroom Layout
Homeowners will save up to $10,000 by using the space of the bathroom as it is during their remodel instead of tearing down a wall for more space. Unless the bathroom is unbearably small, it's best to make the most of the space as-is. Homeowners can also save money by keeping the toilet, shower, and sink in their original place.
2. Upgrade Fixtures
If your bathroom has outdated fixtures, upgrading them should take up the majority of your budget. Fixtures include:
Use this opportunity to enhance the user experience by choosing modern fixtures with modern features, such as dual-flush toilets or multi-function waterfall showerheads. Homeowners will increase desirability when it's time to sell, but they also get to enjoy the upgrades themselves, adding to the benefit.
3. Finish Cabinets, Walls, and Sink
You don't need to spend money installing a new sink, cabinets, and drywall if you can use what you have. Repair damage with sandpaper, wall splatter, or other tools. Once repaired, paint your old items a new color.
4. Install Attractive Tiles
Ceramic tiles make a great option for bathroom flooring, as it's not too expensive as well as waterproof. If you have new tile in your bathroom, simply repair the damaged tiles until it's time for a replacement.
5. Create the Illusion of More Space
Especially important for small bathrooms, your bathroom remodel should create the illusion of more space. You can do this by purchasing smaller, sleeker fixtures, such as wall-mount toilets and a pedestal sink. To make up for the lost storage, get creative with wall hooks and caddies for the shower and sink.
You do not need to go overboard with your bathroom decorations. In fact, you will save money and give the illusion of more space if you decorate minimally.
6. Invest in Your Future
Saving money upfront isn't always the best financial option. Energy-efficient fixtures can save water each month, reflected on your bill. Durable items will also demonstrate their worth by prolonging how long it will take before you need a replacement. Furthermore, make decisions that will appeal to people when you decide to sell your house.
Your bathroom remodel is an exciting project. Enjoy yourself and treat yourself to a couple of features specifically for you. To learn more, contact general contractors like P&W Builders Inc.