Your bathrooms need some serious updating but you are wondering, “Are they going to be worth the investment?” According to Remodeling Magazine, the average bathroom remodel costs between $3,000-12,000 and you can expect about a 65% return on your investment.
However, there are a few things to take into consideration before embarking on this type of endeavor, especially if you plan to update more than one bathroom over the course of the next few years.
I have divided this blog into the bathroom planning stage and the implementation phase. By the way, not one of these suggestions involves enlarging or downsizing the existing space, as that can be upwards of $40,000 per bathroom.
Here are the 8 great questions to ask before doing anything:
- How many people will be using the bathroom on a regular basis?
- Do you need a tub or a shower?
- Do you need one or two sinks?
- What features do you want to change or add in the bathroom?
- What do you want to remove?
- Are there enough outlets?
- Is there enough lighting?
- Do you need more storage?
Based on this assessment, prioritize your list. This should not only be based on budget, but it also must be based on the updating required. For example, if you have 1970 wallpaper in your bathroom, taking that down will have to be a priority.
Determine if this a DIY job or you need to hire a contractor/handyman. Painting your bathroom or replacing the faucet is one thing, but removing cabinetry, a tub and toilet is quite another. Figure out if you have the time and expertise to complete the job.
Develop your budget for the renovation. In case you were wondering, here are the 5 biggest ROI items for any bathroom renovation:
- Multi-spray steam shower
- Heated floors
- Adding a double sink
- Shower seat
- Adding storage
Here is a look at the five areas you can improve, with an estimated cost of each improvement.
Painting the walls and ceilings.
Per my trends blog post, the paint colors that are “in” this year are white, ivory and greige. These are great colors; especially if your bathroom is small and windowless. Remember, to put at least two coats of smi-gloss paint on so the walls and ceiling can withstand heavy moisture. Paint the baseboards bright white as well.
Estimated cost: $16-36 per gallon
Replace the flooring and add heat.
Heated flooring is one thing that will add value to your bathrooms, given we live in northeast Ohio. However, it is a cost consideration, for sure. Travertine flooring is a great option for heat, but if you decide to do without heat, faux wood will also look nice.
Estimated cost with heated floor: $600 plus travertine flooring $700, for a total of $1,300
Estimated cost without heat and faux wood flooring: $300
Replace the toilet.
The trend now is to install low-flow toilets because of their energy conservation measures.
Estimated cost: $115-300 per toilet
Install new countertop, backsplash, and sink.
Most updated bathrooms have granite countertops but I have a great hint for you. If you go to a granite business, often they will have “odds and ends” or leftover pieces from a previous job. These pieces can save you a lot of money if each countertop can be unique throughout your home. Subway tile is the most popular backsplash today and should match one of the colors in the granite. If you have a single sink, consider adding one more especially if you have the space for it.
$160-500 for the granite
$100-250 for subway tile
$65-300 per sink
Replace tub, shower head and add some features.
If you have a shower already, consider adding a shower seat, low-flow showerhead and even a programmable system that can store your personal shower preferences each time you step into it. This system includes steam system, music and multiple body spray outlets. Replace the bathtub with a claw-foot tub.
$140-400 for shower seat
$25-200 for low-flow shower head
$2,600 for programmable shower controllers
$1,000-$1,400 for claw-foot tub
My Final Thoughts
I have completed many bathroom renovations, as have my clients, and can honestly say it makes a big difference in the presentation of the home. Please consider one or more of the renovations listed above, whether you do it yourself or hire a professional to complete the task.
As Hudson’s Hometown Broker, I am happy to give you feedback as to whether your bathroom needs an update, especially if you are ready to put it on the market. Give me a call at 330. 608.4647 today!