Are you considering a bath remodel in RI? There is no better time than now to invest in home renovation projects and especially a bathroom update! With many people still working remotely due to the COVID-19 pandemic, it’s vital that every space in your home offer the style and function you deserve.
However, some homeowners might still worry about a bathroom renovation cost, and if the project is worth it. Before you put off that renovation another day, consider some vital information about bathroom remodels, from an investment point of view. You can then talk to a bathroom renovation contractor in Rhode Island as needed, to ensure you make the right decision for your home. Visit our website at https://rhodeislandbathroomremodeling.com/.
How much value does a master bathroom remodel add?
Whether or not you’ll see any financial return on your renovation project, and how much return you might enjoy, depends on many factors! For example, updating bathroom flooring usually increases property values more than installing a steam shower or other specialty details. However, most homeowners can expect to see about a 66% return on their investment or renovation costs in terms of increased property values.
As no one can guarantee you’ll see a 66% return on your investment, consider some advice on how to maximize that return while avoiding some common mistakes along the way:
- Even if you’re tackling an old and downright ugly bath, start with practical updates first. For instance, you don’t want to ignore leaky plumbing for the sake of updated flooring and countertops. Start your renovation project with needed repairs before moving on to any other update.
- Practical changes also include those that make the bathroom more usable and comfortable. As an example, homeowners often appreciate heated flooring during Rhode Island’s long, cold winter! Double vanities are also an excellent choice for master baths or shared spaces.
- Adding storage is also a great choice for increasing your return on investment! In turn, you might consider expanding the linen closet, adding built-in storage in the shower, or installing shelves along a wall.
- Avoid overly personal changes that might not appeal to most homebuyers. For instance, opt for neutral floor tile and cabinet colors rather than something bold.
- Additionally, high-end materials might not offer the return you expect! Potential homebuyers don’t usually expect marble floors and other expensive features in a bath, so your home might not increase much in value with these changes.
What’s the most expensive part of a bathroom renovation?
Labor costs are usually the most expensive part of a bathroom renovation! Homeowners might expect to set aside some 20% to 40%, or even up to 65% of their budget, for labor costs alone. While this might seem steep, note that homeowners should avoid thinking that they can tackle a bathroom renovation project themselves!
One reason to avoid DIY projects is that poor-quality work can mean eventual water leaks and resultant wood rot, mold, and other damage. Two, bathroom renovations often require permits and inspections! A professional contractor will typically pull needed permits and ensure that their work is up to local building codes.
Lastly, homeowners should remember that bathrooms use both water and electricity. Improper wiring near a water source or leak can mean shorts and other such dangers. In turn, you might ask your contractor if there are small tasks you can manage, to save money on your overall costs. These might include pulling up tile, hanging shelves, or painting.
Does not having a tub in a master Bathroom hurt resale value?
Not having a bathtub in the home often hurts resale values, as new homebuyers often appreciate the choice of a full bath rather than a shower. However, that tub doesn’t necessarily need to be in the master bathroom. In some cases, it might be a mistake to add a tub to the space!
For example, if the master bathroom is somewhat small, adding a tub can make it seem even more cramped and crowded. Instead, you might add comfortable seating to a walk-in shower area. Also, you don’t want to sacrifice necessary storage or put a tub in the way of the door opening! These can make the bathroom more cumbersome than useful. For some inspirations ideals of master bathrooms without tubs, I highly recommend this article: https://acremodeling.com/master-bathroom-without-tub/
What is the average cost to remodel a master bathroom?
According to HomeAdvisor, a master bathroom remodel might average anywhere from $6000 to $16,000. To help you better understand those costs, note a few details of how they’re typically broken down so you know what to expect with your project.
- Changing the room’s layout or making major adjustments, such as installing a tub where there is none, usually adds about $5000 to your overall costs.
- Fixture prices vary according to quality and style! For instance, a standard mid-grade toilet from a big box home improvement store might cost just a few hundred dollars. However, a more stylish design and features such as motion activated lid can set you back $1000 or more!
- Tile materials also vary in price. Standard subway tile might run about $2 to $3 per square foot, while glazed ceramic tile often averages $8 to $9 per square foot.
How do you save money on a bath remodel in RI?
While a bath remodel is an excellent investment for any home, some homeowners might still hesitate to move forward with the project. If you’re concerned about overall bathroom renovation costs, consider some money-saving tips along the way:
- Ask yourself if you really need and would use various high-end, expensive fixtures and features. For instance, you might pay several hundred dollars for a steam shower, but would you continue to use it after the novelty wore off?
- Rather than investing in high-end materials and custom details, opt for neutral tile and countertop materials. You can then bring personality into the space with affordable accessories. This might include shower curtains, linens, an area rug, and the like.
- Shop for shower kits rather than having a new shower installed. Kits are often more affordable to buy and require less labor for installation.
Your contractor can also offer some money-saving tips for a bath remodel in RI. Never hesitate to ask them how to shave some dollars off their quote and to offer more budget-friendly options for your project.