Bathroom Remodeling: 3 Simple Rules for Budgeting

Bathroom Remodeling: 3 Simple Rules for Budgeting

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.

Rule 1: Budget based on home value

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.

Rule 2: Split the budget appropriately

According to the National Kitchen and Bath Association (NKBA), your bathroom remodel budget should be portioned out like this:

  • Labor: 20%
  • Cabinetry and hardware: 16%
  • Fixtures: 15 %
  • Faucets and plumbing: 14%
  • Floor: 9%
  • Countertop: 7%
  • Walls and ceiling: 5%
  • Lighting and ventilation: 5%
  • Doors and windows: 4%
  • Design fees: 4%
  • Other: 1%

So let’s assume your remodel budget is $15,000. You may split your budget like this.

  • Labor: $3,000
  • Cabinetry and hardware: $2,400
  • Fixtures: $2,250
  • Faucets and plumbing: $2,100
  • Floor: $1,350
  • Countertop: $1,050
  • Walls and ceiling: $750
  • Lighting and ventilation: $750
  • Doors and windows: $600
  • Design fees: $600
  • Other: $15

Rule 3: Find good labor

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 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.

If you’re looking to get a bathroom remodel done right, contact Mr Plumber to get a free estimate on the plumbing work.

2017-08-01T14:44:45+00:00 March 20th, 2015|Help & Tips, Homeowner Tips|