When considering a remodel, homeowners often ask: How much will it cost? While design and materials will certainly impact the final price tag, labor costs are usually the biggest driver of any home renovation project.
The reason is that on average 60 to 75% of a bathroom renovation’s budget goes toward labor costs. This is largely due to the fact that the space typically requires extensive prep work before installation. For example, older homes may still have mud-set walls and plaster, which require more work to remove. In addition, new construction requires framing and drywall as well as plumbing and electrical upgrades. And of course, installing new fixtures, vanities and showers can be expensive – especially if you desire top-of-the-line products like freestanding tubs and smart toilets.
To help keep costs down, homeowners can do a few things to lower the overall cost of their bathroom remodel. First, they should decide what their vision for the space is. Is the goal to simply freshen up the look, or will the homeowner want to install a luxurious spa-like retreat? A clear vision will make the process easier for both the homeowner and contractor.
Next, homeowners should consider how they will finance their remodel. Many renovators will use a credit card with a low- or no-interest introductory rate to fund the majority of their renovation, which can save them thousands in interest charges over the life of the card. Lastly, they should research local contractors and read reviews online to find the best fit for their project.Bathroom Renovations Keilor