Introduction
According to Mark Roemer Oakland, doing a bathroom remodel is one of the best decisions you can make since they offer the best ROI. However, it is important to create a suitable bathroom remodeling budget after considering all the important factors in order to make the best of it. Let’s see how you can achieve that purpose.
The Steps
Here are a few steps you can follow to create a bathroom renovation budget:
The idea of the average cost – Typically, it is not uncommon to spend between $3,000 to $7,000 on small bathroom remodeling projects. Luxury bathroom remodeling projects can cost up to 60,000 for a 100 square feet bathroom.
Now, it is most likely that you would forgo the ultra-premium luxury bathroom ware, but it is still possible to remodel a mid-size 35 square foot bathroom with all the appropriate fixtures, appliances, and finishes within $20,000.
Thus, the idea here is to set realistic goals and don’t make your budget based on the fancy bathroom pics that you see on Pinterest.
Considering the labor cost – In order to create an accurate budget for the bathroom remodeling project, you have to factor in the labor cost as well since it adds up to a significant chunk of the total cost of the project. Typically, the major labor costs would include the electrical work and the plumbing work.
The average cost of hiring an electrician would be between $65 to $85 per hour. For plumbers, it would be between $45 to $65 per hour.
The cost of materials – The cost of materials is another important thing that you have to consider. Typically, it is not uncommon for general contractors to charge a certain percentage as commission when you purchase materials via them.
Thus, we recommend you purchase appliances, mirrors, cabinets, hardware, and other such stuff on your own according to your liking. However, it is recommended that you leave the selection of materials such as drywall and insulation to the experts.
Can DIY save more money – If you consider yourself a DIY expert and have experience working on such projects, you can handle a few sections of the project on your own to save on labor costs. However, it is advisable that you leave the more important or strenuous tasks to the experts and let them handle the work.
Unexpected cost – It is a good practice to leave some extra room when creating your budget in order to accommodate unexpected costs that can crop up during the project work. For instance, you could require extra electrical or plumbing work than predetermined or have to deal with problems such as mold and moisture retention which can drive up the cost.
Conclusion
Mark Roemer Oakland suggests you break down the overall budget for the bathroom renovation into smaller segments for specific items. This would make it easier for you to calculate and adjust the budget. Your breakdown list could include the flooring, walls, ceiling, countertops, cabinetry and hardware, lighting and ventilation, faucets and plumbing, labor, design, and more.
