The average bathroom remodel costs nearly $18,000. Despite the high cost, it’s still one of the most popular remodeling projects that homeowners undertake. If you’re wondering how the smallest room in the house is one of the most expensive to remodel, here’s a look at the average costs for some of the more common remodeling projects in the bathroom:
- New cabinets: $4,700 to $7,000
- New shower: $3,000 to $4,800
- New countertops: $2,800 to $4,100
- New bathtub: $2,600 to $4,100
- New flooring: $2,500 to $3,600
- New lighting: $1,100 to $1,700
- New toilet: $340 to $480
It’s easy to see how quickly the cost of a bathroom remodel can skyrocket. Throw in custom cabinetry and high-grade materials like marble for the countertops and a bathroom remodel can be quite expensive. So before you undertake a bathroom remodel, here are some things you’ll want to consider.
Where to save
Since cabinets tend to be the most costly project in the bathroom, it’s the first place you should look to try and save some money on the remodel. Rather than gutting existing cabinets and installing new custom cabinetry, you should consider salvaging what you already have. A fresh coat of paint is cheap and it can give your bathroom a whole new look. Another option is to reface the cabinets which is when you leave the existing framework as it is and install new cabinet drawers and cupboard doors and new hardware. The same goes for the shower/tub and sink as well. Instead of installing a new shower/tub or a new sink, update the hardware in those areas.
Where to splurge
Probably the best place to splurge when it comes to a bathroom remodel is a nice countertop. It’s important to have something that not only likes nice but is easy to clean and will last for years and years. Granite and marble are two popular options but they tend to be the most expensive. If you’re trying to stretch your budget, you can go with a surface material that’s very compact and durable and also easy to clean that simulates the look of natural stone materials. Quartz is a bathroom counter material that’s really grown in popularity in recent years.
Getting the most out of your investment
One important thing to keep in mind with a bathroom remodel-and any kind of remodel-is that you’re not flushing the money down the toilet. A remodel is an investment into your home and one that can add considerable value to your home if you do it right. The average return on investment for a bathroom remodel is around 66% which means you’re getting back about two-thirds of what you spend when you eventually sell your home. If you’re very careful about the projects you choose to do, you can recoup even more of your costs for the remodel. Keep in mind that the more luxurious the remodel, the less likely you are to recoup the costs. Stick with simple, practical upgrades that are sure to please prospective buyers and you can be pretty confident that the money you spend on your bathroom remodel is well-spent.