Close your eyes. Picture your dream bathroom. What do you see?
Do you know how much it would cost to make your vision a reality? Can you really afford heated flooring and double sinks? What about a claw-foot bathtub? The answer is YES – if you budget properly!
No matter what your perfect bathroom includes, this guide will help you decide where your dollars should go. So, stop daydreaming and start budgeting!
Before you begin, nail down the total dollar amount you’re comfortable spending. Remember, 40-50 percent of a remodeling budget is often spent on labor and installation costs. Here is a good way to break down the other 50 percent of your costs:
It’s important that your new bathroom is functional, so choose the best quality for the essentials – toilet, drains and showerhead. Be ready to set aside about 20 percent of your overall budget for these. Tip: Don’t forget about energy efficiency during your remodel! Look into low-flow showerheads and LED lights to save water and electricity (and money on your utility bills)!
Your surfaces truly determine the "look" of your bathroom, so pay attention to the following pieces:
Ask yourself: how many people in your household will be using the bathroom? If you have multiple people sharing one bath, you may want to opt for a low-maintenance, affordable countertop surfaces. That way, you’ll get more surface area for less cash.
When it comes down to it, the feel and look of your new bathroom will come down to the details like art and color. The easiest place to start is with wall color. For an idea on what types of paint are worth splurging on, read: How Much Should You Pay for a Can of Pain.
Some remodeling projects end up costing more than their original budget. Give yourself some wiggle room! Once you have your total, add an additional 20 percent to your budget. This extra money will cover any unexpected costs.