Every homeowner dreams of having a modern kitchen and bathroom counters, floors, and fixtures. Unless you build your home in the past few years, you might be thinking of changing a few aspects of your home. When you think of renovation, the first question should be, how much does a renovation cost?
Remodeling a bathroom or kitchen, irrespective of the renovation costs for the bathroom or kitchen will enhance its safety, aesthetics, and comfort. You will also increase your home’s resale value after a remodel.
Renovation Costs for Bathroom
The National Kitchen and Bath Association estimated that the average bathroom remodels cost in 2016 was $11,364. About 20 percent of the average cost went to labor. Since then, the costs have gone up with the average now standing at around $15,500.
The costs are dictated by the size of the kitchen and the scope of the remodel. In most cases, a third of bathroom remodeling projects cost more than $30,000, a third cost between $10,000 and $30,000 while a third cost $10,000 or less.
Renovation Costs per Square Foot
Home Advisor estimates that a 100-square foot kitchen or bathroom remodel will cost between $15,000 and $30,000 depending on the materials and the professionals you hire. You can bring down bathroom remodel costs if you go one step at a time. You will pay about $130 for a square foot.
If you are on a budget, you can start by installing new lighting, new ventilation, then install a vanity, and granite countertops later. This way, you will not shoulder the up-to-30,000 cost all at once. However, if you plan to have large projects such as replacing tiles and tubs, you need to have the contractor do it all at once.
Even when you need to cut costs, you need to consider quality over quantity especially when you factor in the amount of traffic your bathroom gets. It will not make any financial sense if you buy a cheap toilet that starts leaking the moment your bathroom remodel is complete.
To save money and remodel a bathroom with $15,000, shop when your local hardware has offers on materials. You can also shop online during black Fridays.
You can spend $10,000 to remodel a bathroom if you choose low-end materials and forego hiring a designer and instead work with the contractor alone. The cost can also go up to $90,000 if you buy high-end materials and hire all the professionals needed for a successful remodel project including a designer, architect, and contractor. Click to learn more about how to save on costs during a remodeling project.
You need to be ready for inconveniences during a bathroom remodel. Just like you have to have additional cash for renovation basement costs, ensure you have up to 15 percent more money above the estimates for bathroom renovation.
During a bathroom remodel project, here are a few things to keep in mind:
- Plan not to use your bathroom for at least three weeks
- Plan to have at least 15 percent money on top of the contractor’s budget estimates
- Stay in communication with your contractor to ensure the work follows set time schedules
Because the renovation cost per square foot varies from one contractor to the next, ensure you compare costs from different contractors. However, cost should not be the only factor – consider the quality of their work, attention to detail, and responsiveness.
Renovation Costs for Kitchen
Remodeling a kitchen will cost more than remodeling a bathroom. On average, Home Advisor estimates that a bathroom remodels project will cost about $24,965 or about $150 per square foot. As a homeowner, you need to have between $13,000 and $37,000 for a kitchen remodel. The costs are determined by the size of your bathroom, the quality of the materials you choose, and the design you settle on.
Small projects that cost $10,000 or less involve painting surfaces, refacing cabinets, replacing a sink, and installing a tile backsplash. a project that costs $30,000 or more will involve installing custom cabinets, granite counters, high-end appliances, and hardwood floors.
A kitchen is one of the most used rooms in a home. As such, remodeling your kitchen will see the value of your home increase significantly. Remodeling a kitchen can be an expensive affair which also means the project can be expensive.
The National Kitchen and Bath Association estimates that the renovation costs for the kitchen are outlined as follows:
- The design takes 4 percent of the cost which is about $920 for s standard kitchen
- Installations take 17 percent; about $3,910
- Appliances and ventilation cost 14 percent of the total project cost, which is about $3,220
- Cabinets and hardware cost 29 percent which is about $6,670
- Countertops take about 10 percent which amounts to $2,300
- Lighting takes 5 percent, which is about $1,150
- Flooring costs about 7 percent, which is $1,610
- Doors and windows will take 4 percent of the cost, about $920
- Walls and ceiling require 5 percent, about $1,150
- Faucets and plumbing need 4 percent, which is $920
- Other parts need the remaining 1 percent, which is $230
You can look at the cost breakdown above and estimate what your project will cost. However, there are exceptions to these estimates. If, for instance, you will demolish a wall, you might spend more remodeling the wall and other parts around the wall. Talk to your contractor for cost estimates if your project needs more than the estimates above.
What Influences Kitchen and Bathroom Remodel Costs?
You will pay more to remodel your bathroom or kitchen in Los Angeles than you would in New Jersey. Contractors and other professionals charge more in L.A and other major cities than they do in smaller cities and towns.
Besides the location, the materials you choose will have an impact on the overall cost of the renovation. For renovation basement costs, for instance, choosing the contractor with the highest bid and going for high-end materials will see the project cost skyrocket. Lastly, the size of your kitchen or bathroom and the scope of your project will determine how much you spend.
How much does a renovation cost for a bathroom or kitchen remodel? In general, the cost will depend on your neighborhood, the quality of materials you choose, the size of your kitchen or bathroom, and the scope of your project.