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Remodeling your bathroom has many benefits – usually leaving your space more beautiful while updating its functionality to better serve your needs. Whether you want to do a full-gut remodel, or you just want to change out some fixtures and paint the walls, a bathroom refresh is a good idea for sprucing up your living space and an easy way to add value to your home. A bathroom renovation can make your bathroom feel more relaxing, luxurious, and practical, all at the same time.
A good way to plan ahead and budget for your bathroom remodel is to compare your project to similar ones in your area, in order to understand what costs may be associated with your plans. In this article, you will find valuable information about the average costs, the ROI you can expect, and a few tips on how to save on your next bathroom remodel.
Before you get started on your Newton bathroom remodeling project, here are a few questions you should ask:
The cost of a bathroom renovation depends on several factors. It’s important to consider what plumbing fixtures you’ll need, if you’re changing the footprint, and what design finishes you choose to get an accurate idea of how much the project will cost. From vanity countertop materials, to light fixtures, to tile selections, there is a range of prices associated with every choice you make in a bathroom remodel. Some of these choices will drive up the price of your project, or it will provide you with the opportunity to make cost-effective decisions that can help you keep expenses down.
According to the 2021 Cost vs. Value Report (www.costvsvalue.com), the average cost of an upscale bathroom remodel in Boston was $81,080 in 2021. However, your home and ideas could be anything but average! So it’s important to remember that your specific project could be more or less expensive depending on what your project requires. When thinking about your budget, you’ll want to discuss your options with a professional to determine what should fall on your “wants” versus “needs” list.
The cost of tile will depend on what materials and design you choose, so discuss your goals with a professional to determine what materials are right for you.
Your bathroom and kitchen are two focal points of the home, so upgrading one or both will absolutely raise the value of your home! The bathroom is one of the most used rooms in your home, so a little remodel could go a long way.
Just like the cost of remodeling is affected by the choices you make, the exact value increase you can expect to see on your home will also depend on a variety of factors. In 2023, remodeling an upscale bathroom will add, on average, $31,634 to the home’s value. A new bathroom will add value to your home for years to come, but even if you are not looking to sell your home any time soon, renovating your bathroom will certainly bring happiness to your daily life as you get to enjoy your new bathroom.
Whether you’re looking to sell your home or you’re staying there for years to come, remodeling your bathroom will undoubtedly increase your home’s value, and create a beautiful space to better serve your needs. The ROI, or Return on Investment, generally indicates the percentage of the money that you invest into your remodel that you’ll to recover after you selling your home down the road.
For example, let’s look at the upscale bathroom remodels in Boston, MA which increased home values by an average of $31,634 in 2023, leading to an ROI of 39% or higher. Generally speaking, the more you invest in a home remodeling project, the more value it will add to your home. However, this is not always the case, so it is important to weigh your budget carefully. When beginning your project, discuss your budget with a professional to ensure you get the highest return for your bathroom remodeling project.
Almost every part of a bathroom remodel can affect the total cost. When creating your budget, consider which factors are must-haves, like the color of your tiling, and which factors are flexible, such as the exact material of your tile work. The more work you have done, of course, the higher your budget will need to be.
According to the National Kitchen and Bath Association (NKBA), you should expect to spend between 5 to 10 percent of your home’s value on a bathroom remodel. While the final price will depend on all your final choices for materials, you should budget 5% of your home’s value towards a major bathroom renovation.
Although the cost of Newton bathroom remodeling may seem high up front, you’ll ultimately save down the line when you update ineffective systems, and replace old fixtures because that leaky faucet won’t save you any money on your water bill, and those yellow incandescent lights can be switched out for more energy efficient lighting options! Your exchange of the old products for new will enhance everything from storage space and the overall impression your bathroom makes, to practical fixes like protecting your walls from mildew.
Moving fixtures such as your toilet, sink, or the location of your shower, can quickly become the most costly part of a bathroom renovation. Luckily, this isn’t necessary for all bathroom remodels – unless you are planning on drastically changing the layout of your bathroom. If you’re looking to save money on your Boston bathroom renovation, there are several ways you can do so.
The choices you make for countertop material, cabinets, and fixtures can all play a large role in the total price of your bathroom remodel. A good way to save some money on your remodel is to look at materials that are less expensive. Some materials can be significantly more expensive than others, which can drive up your total costs severely while not necessarily increasing the value of your home to the same degree.
The cost of your vanity will vary because of the numerous choices that you have available to you. Depending on the condition of your vanity you may just want to paint your existing vanity, or you could replace the whole thing! However, new cabinets are often made to order so they can significantly raise your total cost. If your vanity or cabinetry does need replacement, discuss your options with a professional, to see if it is best to go with a stock or custom vanity option. If you’re looking for something new to add to your bathroom, double vanities have become increasingly popular in the primary bathroom!
Considering all your options can help cut unnecessary costs.
Having a successful remodeling project is simply a matter of planning, flexibility, and working with a team of experts that know how to turn vision into reality. You must also have realistic expectations from the start, so you’re not setting yourself up for disappointment once the project is complete.
If you’re looking for a professional to help with your Newton bathroom remodeling, Tom Curren Companies is here to help. Tom Curren Companies provides complete bathroom remodeling services from the initial design to the finishing touches that make your bathroom uniquely yours. Our team is here to help you find the right upgrades for your needs while increasing the value of your home. Contact us to see what our experts can do for your bathroom project 617-969-4900.
©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.