Bathroom renovations are a costly endeavor, so it's not surprising that many homeowners are curious if it's worth it. There are many factors to consider before you begin remodeling your bathroom including, but not limited to, contractor costs, cost of materials, and, of course, return on investment. For some, the aesthetic upgrades are worth the expense in its own right. But for those who need to know a more objective answer — are bathroom remodels worth it? Keep reading to find out.
A bathroom remodel can result in a return on investment, as it can increase the value of a home. The amount in which the value increases depends on a few factors:
- Quality of craftsmanship
- Cost of materials
- The housing market at the time of sale
These will all impact the return on investment. A few affordable bathroom upgrades are paint, flooring, and doors. However, a remodel can cost anywhere from $10,000 - $20,000 (depending on the size of the bathroom).
If remodeling your bathroom is on your to-do list, then we recommend you read this guide. We'll discuss typical costs associated with bathroom remodeling, which features increase property value and go over some affordable ways to change the look of your bathroom.
How Much Value Is Added By A Bathroom Remodel?
How much you receive on return depends on how much you invest. National homeowners can expect to see a cost return of approximately 60-67% when a bathroom remodel is completed, depending on the design. When reviewing midrange, universal, and upscale bathroom remodel designs, upscale designs have shown an increase in return from 2018 to 2019. In contrast, midrange to universal designs has shown a decrease in return from 2018 to 2019.
If a midrange bathroom remodel costs approximately $20,000, it's resale value is roughly $13,000, thereby showing an approximate cost recuperation of 67%. Alternatively, an upscale bathroom remodel might cost approximately $65,000 with its resale value of roughly $39,000, thereby showing an approximate cost recuperation of 61%. This information showcases that expensive is not always better in this case.
How Much Does A Bathroom Remodel Cost?
A bathroom remodel typically ranges from $5,979 to $14,934. On average, a bathroom remodel costs around $10,000. If you're exceptionally handy or a trained contractor, you could save yourself the contractor fees, as labor can account for half the total cost of a remodel.
The cost of a remodel varies depending on:
- size of the bathroom
- material quality
- finishes, fixtures, countertops, and appliances
- size of renovation
Size Of Bathroom And Renovation
Bathrooms with higher square footage will be more expensive to remodel when it comes to new flooring and paint. Flooring typically accounts for 10-15% of a remodel budget, while paint can account for 5-6% of a budget.
Some homeowners want to extend a remodel plan by expanding the bathroom space. If you're planning on expanding by making a small bathroom larger, be sure to not only account for extra costs but ensure you review floor plans and take account of load-bearing walls.
Quality Of Material
Higher-end materials tend to be more expensive, which can increase the cost of a remodel. While lower-cost options are available, it's important to remember that this can translate to lower quality as well. Marble countertops and stone flooring are high-quality materials that tend to cost more, thereby driving up the overall cost of the remodel. We recommend planning your construction early so you can regularly monitor sales on top quality materials at your local hardware and construction building stores.
For more detailed information about bathroom flooring, check out our article on the cost of bathroom tiles.
Finishes, Countertops, And Appliances
Unfortunately, items such as toilets, showers, bathtubs, and sinks don't come cheap. These bathroom staples can account for 35%-45% of a remodel. A bathroom vanity can account for 10%-30% of a budget, costing anywhere from $300- $3800.
The cost of your project will greatly depend on your location. In some states and counties, it is more costly to complete a bathroom remodel because the demand is higher than the supply of contractors.
If you're looking for an in-depth analysis of what costs might look like in your area, you might want to try Home Advisors project estimate tool. This handy tool can help you determine bathroom renovation costs in your neighborhood by providing average prices.
What Are Some Affordable Ways To Remodel A Bathroom?
Luckily, there are many affordable ways to remodel a bathroom. Thanks to online tutorials, even a newbie DIYer can spruce up their space on a limited budget. Here are a few of our favorite affordable ways to remodel a bathroom.
Paint is one of the most effective and affordable ways to freshen up a space. Whether you're tackling this job on your own or you have help, painting the walls is something that is accomplished easily. Be sure to take your time; it's all in the prep work. Tape the ceilings and baseboards to ensure there are no stray paint marks and lay plastic over the vanity, sinks, and toilets to prevent drips from ruining any fixtures.
If you're looking to step up your game, you can try painting the tiles as well! If you're new to this popular DIY idea, check out our article on how to paint bathroom tiles.
If you can, purchase second-hand materials when possible. There are a variety of online marketplaces at our fingertips with a wealth of bathroom materials available for great prices. Scour the web and second-hand specialty stores for items such as tiles, fixtures, and vanities to save yourself more than a few of your hard-earned dollars.
Refresh Caulk And Grout
Caulk and grout are both very affordable and relatively easy tasks to complete. Depending on the current condition, you may need some elbow grease and a heavy-duty cleaner to make the grout shine.
Despite stalls in the market, homeowners continue to make plans for home improvement. Approximately three-quarters of current homeowners intend to renovate this year to an average of $9000. Whether you want to sell your home in five years or if your home is your forever home, a bathroom remodel isn't a fad and is worth the investment.