How to Plan Your Bathroom Remodeling Budget

You have been dreaming about remodeling your bathroom for quite some time or perhaps just in the past few months.  And now, you are wondering how to plan your bathroom remodeling budget.  We can help! Working with a professional remodeler starting at the budget phase, you will find that at the end of the remodel, you will be able to enjoy your new bathroom knowing you made an educated investment to get the most for your budget.

As You Begin

Research online to answer key questions to identify your needs.  What is the overall aesthetics you want? Houzz and Pinterest are good resources for all things design.  What are the current issues with the space that need to be addressed? Is there a deadline for when the remodel needs to be complete?  What investment are you willing to make?  Are you ready to create a space where you can relax and unwind at the end of the day? First, you need to know how to plan your bathroom remodeling budget so that you align your wants and needs.

Your Bathroom Remodeling Budget

In general terms let’s define budget.  Budget, as a verb in our application, is the amount you allow or provide for an item. The total amount of money you are willing to invest in remodeling your bathroom is the budget. Most of us may have no idea what construction and material costs can add up to when remodeling.

Several factors impact the overall cost: the size of the space, the potential of water fixtures being relocated, the expense of the finish materials, and the labor to plan and execute the project. The budget should include an allowance for everything necessary to complete a remodel of the space.  When creating your budget include the cost for all the finish materials: floor, shower tile and fixtures, shower glass, bathtub and fixtures, toilet, vanity, sink and faucet, mirror, paint, lighting, additional storage, bath accessories, and window treatments. Then the cost of labor.

If the cost of everything added up is less than or equal to your budgeted amount, you are almost ready to start. As a professional remodeler, we always discuss the potential of unforeseen circumstances or last-minute changes that may occur in a remodeling project.  Set aside 5%-10% of your overall cost, depending on the scope of your remodel project, as a good buffer.

What if the Remodel is More Than Your Budget?

If your dream bathroom remodel is going to be more than your budget, you do not have to give up yet.  There may be a way to get the bathroom of your dreams without breaking the bank.  As your remodeler, we can show you superior products within your budget that are like what you selected.  For example, Chrome finish fixtures cost, on average 25% less than the same fixture in brushed nickel.  Also, there are several porcelain tiles made to look like natural stone, but they cost less and do not need additional maintenance.

With our help, you will find the materials that will fit your budget.  If there are still budget issues with your dream bathroom remodel, we can also help you cut out some of the little extras that you will not need immediately.  Additional luxury items such as a towel warmer can always be added later.

Last-Minute Budget Decisions

Keep your budget in mind as the remodeling project is being done.  After demolition, many people recognize the potential for the space they had not seen before.  You may need to or want to make some important last-minute decisions. You should work with your Contractor to investigate those last-minute or in progress decision points.  It can be easy to agree to an expensive item when the excitement of your new bathroom remodel is in progress.  However, taking the time to realistically look at your budget can help you invest wisely and get what you want.

Spending the time preparing for your bathroom remodel can save you hundreds or thousands of dollars in the end. You will be prepared for any last-minute questions and have the answers ready instead of wondering what you should do, which in turn can delay the work being done. By working with a professional remodeler starting at the budget phase, you will find that at the end of the remodel, you will be able to enjoy your new bathroom without worry.

Let Us Help You Love Your Home Again

We will help you do the homework to make the best decisions regarding materials, colors, lighting, and flooring for your bathroom remodel. Call us at 480-895-3442 to schedule your free 60-minute consultation! Our award-winning design team and craftsmen are ready to make your vision for your dream bathroom a reality.

You can also find ideas for your bathroom remodel on our project page here and at our sister company, Homework Remodels.

How Much Will This Project Cost?

Clients deserve a straight answer, but getting it requires an honest conversation.

Everyone wants to get as much value as possible for their investment and that makes the balance between cost and value a high priority for many remodeling clients. Not surprisingly, a lot of people approach the remodeler with costs gleaned from internet articles. Those articles typically say it should cost X dollars for a simple bath, from Y to Z for a full kitchen remodel, and so on.

We encourage people to do their own research, but we also caution that such numbers should be considered a starting point.

Some clients get fixated on the online numbers but do not take the time to define exactly what products and details those numbers represent, or how closely the products and details match the products and details the clients want in their home. This is a recipe for miscommunication.

We understand the need to simplify a complex subject like estimating costs, but there is also a more fundamental issue at work. Yes, clients want to know if they can afford a given remodeler, but they also want assurance that the remodeler will be a good steward of their budget, their vision, and their home. It is up to the remodeler to provide that assurance.

While a professional remodeling company relies on proven, scientific management systems, creating an accurate budget is still as much craft as a science. No ethical company will quote a hard price before asking for more information, because doing so would risk misleading the client.

The remodeler is tasked with helping the clients realize a very personal vision for their home. Because each vision is unique, estimating the cost of that vision requires the clients to answer some questions.

How much will this project cost?

First, we need an overview of what the project will include. Will the proposed kitchen remodel include relocating walls or removing the ceiling to create a cathedral? Do the homeowners want stock cabinets or custom ones? Do they want the new space to match the other rooms in the home? A colonial-style home with intricate moldings will have different material and labor costs than a modern structure with minimal trim.

We also need to define the level of interior finishes the homeowners want. Generic terms like “medium grade” are not too helpful, but we can clarify expectations by starting with some easy questions, like their preferences between two levels of plumbing fixtures, flooring, windows, or siding.

After creating this baseline, we can then show plans and photos from completed projects. And we can often provide a ballpark estimate of what it would cost to do something similar in their home.

The conversation is also a chance for the remodeler to clarify the clients’ expectations, as well as learning about their remodeling history. For instance, if their last project went over budget, we could explain how taking the time upfront to write clear specifications can eliminate that problem. If their home was not treated with the care they expected, then we can demonstrate how our processes ensure that it will be.

Ultimately, what most people want is the assurance that they are working with someone they can trust. A good remodeler earns that trust by investing the time and effort needed to understand all the variables involved, by using that information to calculate an accurate price, and by making sure all the clients’ concerns are addressed before work starts. Clients deserve nothing less.

We’ve included this link to the review of 2020’s best personal loans by MONEY.COM (June 24, 2020) to help you determine if a personal loan would help you finance your dream remodel. The article is meant to break down what it means to get a personal loan and how to go about getting one while reviewing national lenders.

Award-Winning Greater Phoenix Remodeler

Our goal is to help all homeowners in the greater Phoenix area love their home again. We’ll help you make the tough decisions regarding materials, colors, lighting, and flooring. Call us at 480-895-3442 to schedule a free 60-minute consultation with us to start making plans. Let us help you take those first steps toward your dream home!

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