How to Determine Your Bathroom Renovation Budget

On February 4, 2019 by Himanshu Shah

Home renovation projects require a lot of planning. If you’re looking to do a bathroom renovation on a budget, you not only need to plan the timeline and the style, but you need to determine the overall budget. For most homeowners, this is the most challenging part. After all, you may not honestly know what things will cost, and you may encounter additional problems down the line you weren’t prepared for. Before you start pulling out old vanities and breaking up new tile, use these tips to help you determine your bathroom renovation budget.

Get A Professional Estimate

Professional Interior Designer

Whether you are going to do the job yourself or bring in a professional contractor, it’s always essential to get a professional estimate for a bathroom renovation project from a plumber. Plumbers will look into the current layout of your bathroom, the current condition of your pipes and water lines, and even search for signs of leaks or damage. They will then give you a quote on what it would cost to do the work. You can then factor this cost into your overall budget, whether you use that specific plumber or not. For more info, click here: https://www.fixitrightplumbing.com.au/plumber-chirnside-park/

Determine New Vs. Upcycled

Innovative Bathroom Renovation

Take a look at the current fixtures and furniture in your bathroom. Then, determine if you are going to replace every single thing, or if there are things you can re-use. If you are going to replace everything in your bathroom, then you’ll need to factor in the cost of buying all of these items in new condition. The best way to do this is to comparison shop online or visit your local home improvement store. If you are planning on upcyclingbathroom items, then you must factor in the cost of re-painting/re-finishing those items to your budget. The more detailed and specific you can be, the closer your budget will be.

Make A List

Brand New Sparkling Bathroom Floor

A bathroom renovation budget requires you to have a good understanding of precisely what you’ll need to pay for. This means you need to make a list of all the potential items and costs associated with the bathroom. Here are the things that should be on your list:

  • Flooring
  • Lighting
  • Ventilation
  • Doors
  • Windows
  • Faucets and additional plumbing
  • Cabinetry and hardware
  • Countertops
  • Fixtures
  • Wall and ceiling repair

Keep in mind the cost will vary based on what style or products you choose. For instance, laminate flooring will be more cost-effective than marble flooring, so be sure you account for the exact types and styles you want to incorporate. Visit Crystal Bathrooms to design a bathroom and renovation plan.

Have A Thorough Plan

Luxury Bathroom Tiles

The more thorough your bathroom renovation plan, the closer you’ll be to having a workable budget. If you start the renovation and are unsure of what type of finishes or fixtures you want, you may find you blow your budget on demolition. Instead, when you can have a thorough plan in place, you’ll know exactly what to budget for. Plus, this will eliminate any need for mid-project changes, as these can blow your budget.

Be Mindful Of Your Home

Luxurious Bathroom Makeover

While you may dream of a luxury bathroom, it may not be entirely realistic. For instance, maybe you only don’t have the budget to splurge on a luxurious bathroom, or perhaps it merely wouldn’t fit in with your house or your neighborhood. While bathroom renovations do add a significant amount of equity into a home, going well beyond the style could result in you seeing less of a return on your investment. Make sure you keep the current style and neighborhood in mind when determining the style for your bathroom renovation to help keep your budget intact.

Pad The Budget

Budget Bathroom Renovation

Once you have done all the legwork and determined your budget, add on 10-20% more to your budget to cover any incidentals. After all, you’re not quite sure what you’ll be getting into without moving fixtures and cabinetry and removing walls and flooring. This means you could find mold or water damage that you weren’t prepared to fix, and your padded budget will ensure you have money to fix these issues and still be able to complete the overall project. Plus, additional incidentals like a longer timeline could turn into more money, so you always want to be prepared. And if you end up not using it, well, then you have more money in your pocket!

Bathroom renovations can be exciting, but they will incur costs. The more prepared you can be, and the more you plan, the more realistic your budget will be.

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