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Bathroom Remodel Budget

Tips for Sticking to Your Bathroom Remodel Budget

by Elias Deukmajian | Bathroom Remodel

One of the biggest reasons why homeowners put off home renovations and remodel projects is budget and finances – it can be difficult to take the plunge initially in deciding to spend the money, and it can be further difficult to stick to the budget you’ve set for your project in the beginning stages. It’s important to consider why so many homeowners get off-track with their spending so that you can prepare for what you’ll likely be getting yourself into and how you can avoid the common pitfalls that so many homeowners fall into.

Bathroom remodeling is especially easy to indulge yourself in, because at the end of a long day at work, who doesn’t want to just take a nice, long bath? Bathrooms these days aren’t as simple as they used to be; you now have the option of installing heated floors, heated towel racks, dual showers, and other wonderful amenities that didn’t exist not that long ago. Therefore, it’s important to keep yourself on track with your own remodel and remind yourself of why your budget is important to you.

For your convenience, in this article, we’ll go over some tips on how you can stick to your bathroom remodel budget

1. Think Realistically About What’s Possible with Your Budget

Bathroom remodels can range significantly in detail, and therefore in cost as well. Setting a budget initially will mean that you’ll need to determine what you want out of your bathroom remodel. You might begin by thinking about your needs and wants in your new bathroom and what you’re willing to sacrifice in order to include elements that might cost a bit more. When setting your budget, here’s a few things you might want to consider:

  • Do you need to make any big changes to the room structurally?
  • Does your new bathroom entail plumbing or electrical work?
  • What are your must-haves in a bathroom?
  • What are you comfortable spending?
  • What materials do you see in your new bathroom?

2. Be Mindful of the Value You’re Adding with Each Decision

When it comes to any remodel project, it’s critical to think long-term. In other words, it’s important to weigh every decision in a cost-benefit analysis fashion. You can do this by determining with each choice you make if it will increase the value of your home or detract from the value of your home. Another way to think about it is: is this choice going to only benefit me? Or will other potential future owners be willing to spend more on the home because I made this change? We’ll talk more about it later, but we highly recommend consulting with a professional on this.

3. Stay True to Your Initial Goals and Don’t Divert

Setting goals for your new bathroom while setting your budget is an important step; however, you might need to adjust your expectations a little to match your budget in the end. Your initial goals should align with your budget, and it’s important to stick to them; although, it’s essential to remember to expect the unexpected – leave room in your budget for emergencies or last-minute decisions. A little cushion is always recommended in bathroom renovation budgets.

4. Consult with a Professional Every Step of the Way

As a homeowner, it’s important to be an informed consumer; that is, it’s essential to conduct your own research on material longevity, durability, pricing, and other factors that will likely influence you budget. Consulting with a professional can help guide your decision-making process such that you’ll make more sound, economical decisions in your bathroom remodel.

Consulting With Bathroom Remodel Expert

How We Can Help You

Here at Kitchen Emporium, our name doesn’t encompass all areas of our expertise – over the decades we’ve performed countless successful bathroom remodeling projects all over the Southern California area, including the San Fernando Valley, San Diego, and San Marcos, CA. With our guidance and expertise, our clients find that they’re better able to stick to their budgets and get the most value out of their bathroom remodels. For more information about our experience in bathroom remodeling or to learn more about budget-planning for your own renovation, please feel free to contact one of our helpful team members today.