How to Plan a Budget for Your Bathroom Remodeling Project

Category: Remodeling

Clayton Bathroom RemodelingHome improvement projects are nearly always a great investment. Any remodeling or renovation project will significantly raise the resale value of your home, and your project doesn’t need to have a huge price tag to give you a great reward.

Bathroom remodeling projects can be extremely rewarding projects, and you don’t need to spend more than you can afford to be totally satisfied with the results. At Mason Construction, our professional Clayton remodeling contractors can work with you to design a bathroom remodeling project that helps you get the most out of your budget.

If you’re looking for a project that can vastly improve your Clayton home’s bathroom but you don’t have several thousands of dollars to spend, don’t worry! Careful planning and creative design can help you create the perfect bathroom remodel no matter what size budget you’re working with.

Here are a few tips to help you plan your bathroom remodeling project and get the most out of what you’re able to invest:

Decide What You Can—And Should—Spend

The average upscale bathroom remodel costs around $26,000, but of course, the actual amount that individual homeowners spend varies greatly. The amount that willing and able to spend on your Clayton bathroom remodeling project depends on a number of factors, including:

  • Your personal finances
  • Your home’s location
  • Surrounding properties
  • Your family’s lifestyle

Take a realistic look at how much you can and should spend on this project. The neighborhood that you live in and the properties surrounding your home may limit the ROI (return on investment) that you can get out of this project, so consider that as well. Determine a realistic limit for your budget before you beginning planning your bathroom remodel.

Determine the Purpose of the Project

Before you move forward on planning the bathroom remodel itself, you’ll want to have specific goals outlined. Are you hoping to get a great ROI out of this project, or are you more interested in creating a better bathroom?

To decide on this, think of how much longer you plan to stay in your Clayton home:

  • If it’s less than five years, your focus should be on to ROI (return on investment) this project will bring you when you sell your home.
  • If it’s more than five years, focus less on ROI and more on creating a bathroom that you and your family will enjoy.

Keep in mind that smaller bathroom renovations can often yield higher ROIs than larger remodels.

Cut Costs Wherever You Can

If you’re working with a smaller budget, start out by picking out the essentials for the project, then see how much more room there is in the budget for add-ons.

This may mean, for example, that you’ll have to sacrifice a luxurious new vanity to make sure that you have quality flooring, but in the end, it’s the essential features that you’ll value the most. If you need to cut costs, start with amenities that aren’t totally necessary.

Don’t forget to account for the cost labor during this step, which is typically around 1/3 of the overall cost of the project.

Leave Room for Unexpected Problems and Expenses

Our bathroom remodeling contractors recommend that you have around 10% of your budget reserved reserved for unexpected. There’s nothing worse than encountering a budget-busting problem halfway through your Clayton bathroom remodel, so always leave yourself some wiggle room. If any of this is left over at the end of the project, you’ll be able to use it for any amenities you cut out when your were cutting costs.

If you are looking for Clayton remodeling contractor then please call 919.427.0628 or complete our online request form.