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Budgeting for Your Bathroom Remodel Project | Bonita Springs Remodeling

 

When planning a Bonita Springs remodeling project, one of the most important things you can do is create a budget.

Budgeting for any project allows you to avoid overspending, but also allows you to set aside enough money for the job. Without a budget, you’re heading into what could be a complicated project without any financial guidance – which can set you up for failure and stress.

The same goes for bathroom remodels. If you allow things to slip away from you, these remodels can get out of hand quickly. Even if money is no object, you still want to plan ahead for what you’re going to spend.

How Much Does a Bathroom Remodel Cost?

The answer to this question really depends on the homeowner and his or her plans for the bathroom.

According to the 2015 Cost vs. Value report, a bathroom remodeling job can run between $15,174 – $50,772. For their purposes, this could  include expanding the bathroom to have more square footage, relocating fixtures, retiling the shower, creating a shower with frameless glass enclosures, putting in a whirlpool tub, creating a double vanity with stone countertops, adding general and spot lighting, putting in in-floor heating, and creating custom cabinetry, among other things.

You may not be looking to do all of this. Or, you may be looking to do more. The cost will really vary depending on what you want and the scope of work it takes to get that. If all you want is new tile throughout, it won’t cost nearly as much as if you want to transform a shower or expand the bathroom into adjoining spaces.

The best way to figure out how much it will cost is to get an estimate from a qualified Bonita Springs remodeling expert.

Tips for Budgeting

When budgeting, rely on the estimate given to you by the expert to shop for your finishes. This will help make sure the final contract cost comes in close to the preliminary estimate and your budget.  It is good to plan on a contingency of 5-10 percent of the total cost as a buffer, in case you want to make changes or there is something unforeseen during the production phase of the project. There are a million reasons why the cost might wind up being higher than the estimate, so it’s better to be safe and plan for that contingency rather than be surprised when you are going over your budget.

When planning what you want to do, first think of how much money you have to spend on your bathroom. Set a limit that you absolutely will not go over; it’s not worth it to strain yourself financially just to update a bathroom. Stick to that number, then plan for it.

Stick to these principles and you’ll have a successful Bonita Springs remodeling project for your bathroom.