Bathroom Renovations: Save or Splurge?
In the real estate market, bathroom renovations tend to give you the best bang for your buck! Not only does they attract more buyers as turnkey properties, but also newly remodeled homes command a higher asking price—especially in today’s competitive market. Even if you’re not planning on moving any time soon, focusing on this room for your next remodeling project is a great investment! Plus who doesn’t want to use an updated bathroom? The key to handling this renovation with a budget is choosing where to save and where to splurge. Here are some tips to help:
Choose what’s most important to you upfront.
Whether you prefer a luxurious bathtub or an ultra-modern toilet, it’s best to find one in a price range you’re comfortable with and build that into the budget from the beginning. Luxury bathrooms can easily cost $25,000 to $30,000 (or more) when all is said and done, so if you want to lower that number, you’ll have to be realistic about what options you can afford to splurge on—and what you can’t. Maybe you’ve been dreaming about heated floors or an oversized shower. Either way, if you prepare for the cost of materials and labors, you can compromise to get what’s at the top of your wish list. Interior designers often advise picking your priority piece first and then creating the rest of the bathroom around it.
Add little luxuries here and there.
Depend on the size of your bathroom, you can accessorize with items that may be a little more expensive, but you won’t need as many of them. For example, fixtures are a great way to dress up the space, but the price difference between a high-end faucet and an average one may only be a $100-$200. The better impression they give your bathroom is well worth the additional investment. A patterned tile is another great detail that can add luxury to any bathroom. If it’s a tiny room with little square footage, you can afford to splurge on a great patterned tile floor. For larger spaces, try to limit it to a shower or backsplash to help save on the budget.
Save on your vanity.
This setup is easily something you can shop around for to find more affordable pieces. Try looking for an off-the-shelf storage option, or you might even find something at a yard sale/flea market that you can repurpose as a vanity. You might even be able to upgrade it a little with new hardware and/or finishes, so your budget-friendly piece looks more customized. As for the lighting, you can easily find fun options at virtually any price point. So whether you want something funky or more traditional, you can create the desired effect without spending an arm and a leg.
When creating a budget, don’t forget to factor in other aspects, like plumbing and labor. Fortunately, we can help you handle this project with upfront quotes, so you can account for these expenses accordingly. Whether you’re looking to save or splurge, let us be a part of your next bathroom renovation!