Bathroom Renovation Cost Breakdown

How to Budget a Bathroom Renovation Right The First Time

As one of the most intensely-used areas of our homes, bathrooms are popular candidates for remodeling. Though they can recoup a good portion of the costs at resale (usually 56-70%), a bathroom renovation cost breakdown can tend to be pricey. That's why it's important for homeowners to plan their budgets well. Given that more than two-thirds of renovation projects go over-budget, many homeowners could benefit from more thorough, accurate planning. Just how much does it cost to remodel a bathroom?

In this helpful guide, we arm you with tips and strategies for planning your bathroom remodeling budget and ensuring that your wallet doesn't take any surprise hits.

Average Total Cost

For conservative remodels in which you're updating only the essentials or dealing with a small bathroom, the total cost could run anywhere from $3,500 to $7,000. But keep in mind that this is on the low end of the scale—most projects are pricier. If you don't want to spend more than this, you'll likely need to make major cost-saving decisions, such as foregoing some high-quality materials or DIYing a part of the work.

According to Remodeling Magazine's 2018 Cost vs. Value Report, the average price for a mid-range bathroom remodel in the U.S. is just over $19,100. This estimate accounts for updating all appliances, fixtures, and finishes in a 35 square foot bathroom.

For an upscale bathroom remodel, the average price reaches almost $62,000. This figures expanding to 100 square feet, relocating plumbing, installing custom cabinetry, and upgrading all appliances, fixtures, and finishes, along with other alterations.

Who Will do the Work?

The first thing you need to do is decide who will be doing the labor. Will you be DIYing your project, hiring subcontractors to handle different phases, or having a general contractor manage the entire project?

Contractors

When you hire a general contractor, they'll manage all aspects of the project, keeping everything moving forward and sometimes hiring subcontractors to handle specific elements of work. In some cases, they also include design services. You'll pay the GC a total price and they'll use your payment to cover the costs of labor, materials, etc.

You could forego a GC and hire subcontractors yourself, but the project management duties will be your responsibility. If you have the time, knowledge, and organizational skills to handle it, then you could save some money. You'll need to account for the labor costs of any subcontractors you choose to hire.

Average Rates of Subcontractors:

Bathroom Designers - $60-$160 per hour
Plumbers - $45-$65 per hour
Electricians - $65-$85 per hour
Carpenters - $70 per hour
Tile Installers - $5-$10 per square foot
Handymen - $60-$90 per hour

Whether you're hiring a general contractor or multiple subcontractors, you'll need to work out the payment arrangements with them. On top of getting a quote for the total price, you should ask them about any deposits or milestone payments that they may require.

It's important for both parties to work out the payment terms and schedule ahead of time: you'll need to make sure that you can make the payments when they're due, and the contractor will need to plan their cash flow so that they can procure materials and pay laborers.

DIY

Doing some or all of the work yourself can help you save a lot on labor expenses. Homeowners who are particularly handy may be able to handle most of a small, mid-range bathroom remodel. If you're not so skilled at installation work, you can still shave off a big chunk of your expenses by DIYing the tearout phase of your renovation.

However, DIYing does come with its own costs. You may need to buy or rent tools, equipment, and other supplies that a contractor would already have

What's the Scope?

Next, you'll need to figure out how extensive your remodel is going to be. Are you just giving your half-bathroom a small facelift, or are you completely transforming your master bathroom suite? The scope of your remodel will determine the size and allocation of your budget.

Consider whether or not costly alterations will need to be made, such as rerouting plumbing and electricity, or knocking down a wall and extending your bathroom into another room. Nail down your plans early so that you can accurately estimate your budget.

Unexpected Costs

Unexpected costs are a common culprit of blown budgets. The tearout phase of remodels is the most risk-prone time for surprise expenses. That's because once walls and floors get opened up, hidden damage can be discovered. Mold and water damage are some of the most prevalent types, and the repair costs can run anywhere from $500 to $3,000.

Even if you're lucky enough to avoid hidden damage, you may still have to replace elements you formerly thought were fine. If it's been many years since your home's plumbing or wiring was installed, then you may need to update it to meet code.

As Mom always said, it's better to be safe than sorry: assume that you'll have unexpected expenses and factor them into your budget. Generally, it's recommended to account for an additional 10-20% in costs.

Material Costs

Purchase materials on your own if you can, as contractors charge a commission when you purchase through them. While building materials like insulation and drywall may be best procured by the contractor, you can definitely buy individual pieces, such as mirrors, lighting, hardware, and appliances.