When it comes to renovating your home, one of the areas that experts recommend that you focus on is the bathroom. After all, a bathroom remodeling project is said to yield the highest return on investment for your home, meaning that if you sell the property after having remodeled the bathroom, you can earn significant profits from the sale.
However, as fun it is to consider a bathroom remodel, you need to keep in mind that it’s a home improvement project that requires a significant amount of time, effort, and, most especially, funding to complete. With that in mind, you need to think about the costs involved in the remodel so you can make a budget for the project that will suit your financial means. But keep in mind that there are a few things you need to remember when creating a bathroom remodeling budget.
In this article, remodeling and window installation expert Kingdom Restoration lists the six different rules you need to follow when creating a budget for your bathroom remodeling project.
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Know Your Bathroom – When creating a budget for the bathroom remodel, it’s important that you know your bathroom as much as possible. This is because the larger the bathroom, the more space you’ll have to remodel, and consequently, you may have to spend more money to cover the entire area. With that in mind, be sure to know what the specs of your space is when planning your budget so you’ll be able to get a better estimate as you move forward.
To easily remodel your bathroom, don’t hesitate to turn to the experts of Kingdom Restoration for assistance. We are dedicated to giving homeowners like you nothing but the best service and quality workmanship and we won’t let you down!
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Decide on What You Want to Change – Depending on what you want to change around your home, a bathroom remodeling project can be fairly affordable or incredibly costly. With that in mind, ask yourself a few important questions such as “will you be adding square footage?” or “will you be changing the fixtures?” as you look around your bathroom to plan the remodel. This is because such plans can boost spending and by taking some time to answer these questions, it’ll be easier to create a realistic budget for the project.
Alternatively, you can also make this step easier on yourself by working with a remodeling contractor since they can provide a detailed estimate that explains all the costs involved and how it affects your total bills. With such an estimate in hand, you can examine things even more carefully and decide what your budget can and cannot cover. By doing so, you’ll have a much easier time staying in budget.
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Find Out What the Priorities Are – Alternatively, if you really want to stay on budget or can’t afford to upgrade everything right now without breaking the bank, home innovations experts also recommend that you determine which repairs or replacements should be your priority when remodeling the bathroom. By figuring out which is more important to you as well, as what upgrades will make the most difference in your bathroom, and focusing on those areas, you should be able to stay in budget while getting a significantly improved bathroom at the same time.
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Know What’s Appropriate for Your Home’s Price Range – According to experts, when a homeowner is remodeling a bathroom, the total amount they usually spend often corresponds to the total amount their home is worth. This includes the fixtures, cabinetry, flooring and windows of your home. When remodeling your bathroom, you’ll want to spend around 5% to 10% of your home’s total value when you’re thinking about the budget for the bathroom’s renovation. As such, when creating a budget, you should first consider finding out how much your home is worth and limit your bathroom upgrades between 5% to 10% of that overall worth.
For assistance in remodeling your home’s bathroom, don’t hesitate to turn to the home innovations and restoration experts of Kingdom Renovation to get the job done for you.
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Figure Out What You Can Do Yourself – On the other hand, if you’re looking to cut costs on your bathroom remodel, you’re also more than welcome to try and figure out what tasks you can do on your own. While it’s always best to leave every step of the remodel in the hands of the professionals, If you’re handy or experienced enough enough to start the demolition process, paint the space, or at least add some of the new tiling on your bathroom on your own, then don’t hesitate to do it by yourself or with the aid of a friend or a family member in order to reduce your project’s labor costs. By doing so, you can easily save a significant amount of money when budgeting your bathroom remodeling project.
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Remember That You’ll Pay For More Than the Products You Choose – Finally, when you’re creating a bathroom remodeling budget, you also need to remember that you won’t just be paying for the products you choose to install in your bathroom; you’ll need to pay for their installation and any other associated expenses as well. For instance, if you opt to install stone counters in your bathroom during the remodeling project, you’ll also need to pay someone to cut and finish them so they’re appropriately sized for your bathroom. If your bathroom is in dire need of a new plumbing, on the other hand, there are other associated labor costs that you’ll need to consider.
Planning to remodel your bathroom? Look no further than Kingdom Restoration for assistance. With years of experience under our belts, we’ve become the number one professionals to approach when it comes to remodeling and window installation services. Not only are we committed to providing you and your home quality craftsmanship when it comes to design and remodeling but we are also dedicated to giving you nothing but the best products and customer service possible. Give us a call at (941) 483-3800 or fill out our contact form to get in touch with us today!
