Want to turn your boring bathroom into a glamorous spa retreat?
Knowing how to budget is key to getting the job done right—without going broke.
Here are 3 simple rules you should follow.
Consumer Reports gives a good rule of thumb for total remodeling cost: it should based on 5%-10% of your home’s value.
So, if your home is worth $200,000, then the remodel will probably cost about $10,000 to $20,000.
According to the 2014 Cost vs Value report, the average bathroom remodel in Atlanta, Georgia costs $15,941.
The resale value is $11,674, which means you recoup about 73.2% of the cost.
According to the National Kitchen and Bath Association (NKBA), your bathroom remodel budget should be portioned out like this:
So, let’s assume your remodel budget is $15,000. You may split your budget like this.
Imagine you go to a restaurant where they use the finest ingredients, but the food tastes frightful. All it takes is a crummy chef to screw up a prime meal.
Similarly, all it takes is inept plumbers to ruin an entire bathroom remodel (though there’s way more money on the line than a simple meal).
That is why you shouldn’t skimp on good labor. It’s no wonder why the largest percentage of the budget is allotted there—to ensure the job is done right.