Knowing the total bathroom remodel costs upfront is vital. Here’s the average bathroom renovation cost.
As a homeowner, it’s normal to find yourself desiring a different bathroom look at some point in your life. Bathroom remodels are popular home improvement projects that will increase not only your home’s aesthetics but also its value. You can remodel your bathroom in different ways based on your budget and preferences.
So, what’s the bathroom renovation cost? The average cost of a bathroom remodel is $10,000. Of course, this is dependent on several factors. A more budget-friendly remodel can set you back $2,500, and a high-end project can cost up to $30,000. It will also depend if you are looking at the cost to add half a bathroom or a full one. Ideally, your project should be within a comfortable price range.
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Ideas for Your Bathroom Remodel
Your remodeling project design depends on factors such as the size of your bathroom; whether you’re redoing master bathrooms or a small bathroom. It is also dependent on whether you’re going for a complete bathroom makeover that includes high-end fixtures.
Either way, here are unique bathroom remodel ideas you may want to explore.
This is a perfect way to add a modern edge to your bathroom. It is also quite functional because it maximizes the floor plan, so it’s suitable for small bathrooms. Additionally, walk-in-showers are relatively easier to clean and maintain.
Go extra with this exquisite natural stone. A marble floor and a marble-surround tub will give your bathroom an elegant look. But, of course, with marble, you’ll want it properly sealed and maintained to avoid discoloration.
Your remodeling project will hardly be complete without a new tub if you’re not going with the shower. Freestanding tubs are gaining popularity among homeowners mainly because they increase visual appeal and are generally larger than built-in models.
You’re probably familiar with the feeling of stepping onto a cold tile after soaking in a tub. Incorporating heated floors in your floor plan will ensure your bathroom is always warm and cozy, even on chilly days.
Remember to factor in walls and cabinets when working on your bathroom design. They tend to tie the whole look together. Going with warm colors is advisable, coordinating them with your floor plan and countertops for a classy, stunning look.
What Factors Affect Bathroom Renovation Costs?
Understanding the major factors that determine the total cost of ta bathroom renovation will help you make an informed decision. Going in without any thought-out plan could result in overspending. The following factors will significantly affect your bathroom remodel cost.
Location and Cost of Living
Naturally, remodeling a bathroom in a large metropolitan city where the cost of living is high will cost more than in a rural area. In other words, you’ll probably pay more for labor and materials in urban areas than in a rural setting.
Size and Expansion of Space
If you plan to expand your bathroom space, you’ll have to dig deeper into your pockets. This is because the size of the bathroom is a key determinant of the overall remodeling cost. For example, if you’re redoing a master bath, you’ll need more materials and fixtures than you would with a smaller bathroom. Additionally, remodeling a larger bathroom translates to more labor costs.
Amount and Quality of fixtures
If you’re going all out and looking to make extensive renovations, you’ll have to install new, high-end fixtures. The material prices will largely impact the overall budget. For structural changes, such as installing ceramic tiles, you should be ready to part with a significant amount of money.
Some of the expensive parts of bathroom remodel include:
- Shower, especially if you’re installing a shower alcove
- Wall and floor shower tiles
Plumbing and Electrical Work
If your design involves rearranging fixtures and relocating or replacing pipes, your bathroom remodel cost will increase. Plumbing is quite challenging and costly since most homes have hidden plumbing leakage.
You’ll also need optimum lighting for your bathroom and outlets for grooming essentials like dryers and shavers. If the remodel involves rerouting and complete electrical wiring for new lighting fixtures, it will cost more than just new switches, sockets, and light fixtures.
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You can do small replacement and fixture repairs on your own, but a complete bathroom remodel requires the help of a professional. Hiring a general contractor varies depending on your location and the type of renovation.
Generally, the average cost of a bathroom renovation ranges between $50 to $75 per hour. General contractors typically charge about $300 to $400 a day for extensive projects.
Any additional features also need to be factored into the budget. Custom features such as grab bars for people with limited mobility will significantly increase the cost of your remodel.
Average Cost of a Bathroom Remodel per Square Foot
As mentioned above, the cost of remodeling a bathroom ultimately depends on a wide range of factors. The cost per square foot typically ranges from around $70 for a low-end bathroom to about $250 for a high-end bathroom renovation. If you’re going for a major upgrade, the cost could be anywhere from $275 per square foot.
Here’s the average cost of a bathroom remodel according to quality.
Simple Bathroom Remodel
This is a basic bathroom remodel that is meant for smaller bathrooms. The average cost of simple bathroom remodels ranges from $5,500 to $19,500. In older homes with more durable materials, you can renovate old fixtures (if they’re still in good condition) instead of purchasing new building materials.
Semi-Furnished Bathroom Remodel
This type of renovation usually involves replacing the existing fixtures without necessarily changing their location. A few additional features are also added for flare. The average cost of this kind of bathroom remodel runs from $25,500 to $35,500 since it involves larger square footage.
Fully-Furnished Bathroom Remodel
A fully-furnished bathroom remodel is usually done in the master suite bath. Since the room is larger and has more fixtures, there are bound to be additional costs that will drive up the budget. This type of remodel includes features like a fireplace, jacuzzi tub, multi-head showers, and motion sensor faucets. The average cost of a full-furnished bathroom remodel is $45,000 and above.
Where Can You Get the Funds to Remodel Your Bathroom?
Before you get into the renovation of the bathroom, you may need to secure funding for the project. Let’s review three ways to get funds to cover the costs of your bathroom renovation:
1 .Out of Your Own Pockets
If you’ve been saving up for a home renovation project or have some disposable income, hire a contractor to start working on your bathroom remodel. Minor renovations and repairs typically cost less, so you won’t go deep into your pockets.
2. Bank Loans and Other Construction Loans
You can also opt for a home construction loan, typically short-term. Your lender will need a construction timeline, detailed construction plans, and a realistic budget to see how much loan they can approve. However, such loans have higher interest rates than other types of home improvement loans.
3. Consider a Renofi Loan
RenoFi offers up to 90% home refinance loan of the after-renovation value of your home. Unlike traditional home equity loans that let you borrow against the current value of your home, RenoFi allows you to borrow against the future value of your home. See how much you can get for your home and get an estimate by using this simple calculator.
Why Choose a RenoFi Loan?
- You can borrow more since the loan factors in the future value of your home
- No draws or inspections, unlike other home renovation loans
- RenoFi loans offer the longest terms, up to 30 years, and the lowest rates