Before you get to the fun parts of planning your bathroom remodeling project, there are two key aspects that you need to consider: creating a project budget and hiring a contractor.
Creating a Project Budget
As with any type of remodel, it’s wise to count the cost before you hire a crew. Of course, you may be starting with a predetermined amount of money that you’re willing to spend; if you’re not sure how much money will make sense for you to spend, you may find this guide helpful. It’s also a good idea to shop around in order to get an idea of the price range for various materials needed for your remodel; then you can start calling around for bids on labor. To give you an idea of industry standard, the average amount for remodeling a bathroom into a spa-like retreat has been estimated at just over $26,000 by the 2005 Cost vs. Value report by Remodeling Magazine; however, many homeowners pay far less.
Regardless of how high- or low-end your remodel will be, you should factor in labor as about 30% of the total cost and add in a pad of 10% for variable factors, just in case. While this spreadsheet lists only materials and does not factor in labor, it does add in 30% of the total cost of materials for unexpected costs; the categories can give you an idea of the various expenses to consider. This remodeling budget estimator by HGTV may be helpful, as well.
Hiring a Contractor
Even more significant than the color scheme or flooring type is your choice of a contractor. As you start shopping around for labor, you may find this Bathroom Remodeling Bid Sheet helpful as you shop around for a company. While the most popular questions asked by homeowners related directly to the timetable for the project, The National Association of the Remodeling Industry recommends significantly expanding your interview of each prospective contractor before making this crucial decision.
If budgetary concerns have you considering the DIY approach, you need to carefully weigh the pros and cons, as well as alternative combination approach. In order to successfully remodel any room yourself, you need some home-improvement skills as well as time and energy to complete the task. But bathrooms present particular issues that may be best left to a trained professional. If you start out trying to do it all yourself and botch the job, not only can you end up spending more money in the long run, but you may be unable to find a contractor who’s willing to step in to complete a problem-ridden project. Some contractors may be willing to work alongside homeowners, which can help your bank account as well as your list of home-improvement skills.
Regardless of whether you just want to give your bathroom a $2,000 face lift or you’re transforming it into a relaxing respite, you’ll be better prepared to begin if you carefully create a budget and hire a contractor, first.
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