It’s common knowledge that remodeling a bathroom can add to your home’s overall value, as well as your quality of life, but how much does the average bathroom remodel cost in today’s market? When you decide to take on a remodel, it’s important to put together a realistic budget for your project and to do that you will want to understand how much building materials, appliances, and labor cost in 2023. In this article, you will learn all about current bathroom remodeling costs to prepare you for your project whether you’re hiring help or DIY-ing!
1. Understanding the Scope of Your Project
Just as houses vary widely in price based on factors such as location, size, and condition, no two-bathroom remodels will cost exactly the same amount. The cost of remodeling a bathroom changes significantly based on the extent of the renovation and the quality of materials chosen. A basic bathroom remodels, including cosmetic updates like painting, re-tiling, and replacing fixtures, may cost anywhere from $7,000 to $17,000. The major factor that affects the cost is ultimately the size of the bathroom. The complexity of the design and the level of customization will also influence the final cost. If the project involves relocating plumbing or electrical fixtures, it can drive up the price. If you are embarking on structural changes, expanding the space, or incorporating high-end features, the price could escalate to $20,000, $50,000 or even more.
2. Subway Tile or Italian Marble?
The selection of materials and fixtures also plays a significant role in determining the cost. High-quality, luxury items will naturally come with a higher price tag, while more budget-friendly options can help keep costs down. For instance, opting for subway tile over imported Italian marble, or a standard bathtub instead of a custom-designed soaking tub can make a substantial difference in the overall cost.
3. Hiring Help
Labor costs are another significant aspect of the remodeling budget. Skilled contractors or bathroom renovation specialists will charge for their expertise, and the rates can vary based on their experience and location. It’s tempting to DIY, but don’t take on more than you can handle, and leave professional work, like structural changes, to the professionals. If you don’t know your limits, you might actually cause damage that might cost more to fix than the initial remodel in the longrun. Additionally, save for unforeseen issues. Set aside a contingency budget of around 10-20% of the total estimated cost to account for the unexpected.
4. Going Green With Envy
In 2023, eco-friendly and energy-efficient upgrades continue to be popular choices for bathroom renovations, and can be attractive to potential buyers. Incorporating water-saving fixtures, LED lighting, and energy-efficient ventilation systems may incur initial costs, but they can result in long-term savings on utility bills, bumps in your home’s value, and of course, more sustainable living spaces.
Overall, the cost of remodeling a bathroom in 2023 varies widely based on your individual project. Carefully assess your needs, set a realistic budget, and work with reputable contractors to transform your bathroom into a functional, beautiful, and updated space that enhances your home.
