One of the main aspects individuals need to consider when thinking about a remodeling project is where to start. In most cases, employing an extensive home renovation that affects the entire residence is generally out of the scope of most homeowners when it comes to financial terms. As such, most people tend to focus on one section at a time when looking to implement such a venture. According to multiple reports, the kitchen and bathroom represent the two most popular options when it comes to home improvement alternatives. The bathroom represents a highly functional section of any residence and upgrading this area can have multiple benefits when done in the right manner.
One of the major issues that make many homeowners hesitant about undertaking a Bathroom Remodel project is the potential expenses required with the project. According to Architectural Digest, a bathroom renovation can cost just over $10,000 on average. The report highlights that this number isn’t written in stone, however, and the project can feature figures ranging from $2,500 to $80,000, depending on the particular activities involved.
What Affects the Price of a Bathroom Remodel?
Several factors can influence the overall fee spent on upgrading a bathroom and individuals must take the time to consider these elements when planning a venture of their own. Some of the primary elements that can affect the cost of a bathroom renovation include:
Location
Granted, different contractors will have varying rates in any region, but the geographical location of one’s home also plays a major role in the potential price ranges enjoyed by a homeowner. Generally speaking, the higher the cost of living experienced in an area, the higher the remodeling prices tend to be. With this in mind, it will likely cost more to remodel a bathroom in areas such as New York and California, compared to regions such as Massachusetts. Unfortunately, this is a factor that can’t be changed, unless one is willing to move house.
Activities Involved
An area that a homeowner can effectively control when it comes to a Bathroom Remodel project is the particular activities involved with the venture. Paint jobs and wallpapers, for example, represent some of the more affordable options in this sector – with the Architectural Digest noting that painting ventures can cost between $375 to $800. Wallpaper, on the other hand, can cost $5 to $11 per square foot, including labor. A shower and tub combination can cost between $700 to $8,000, while toilet upgrades can cost between $300 to $2,000. Sinks represent a cheaper option and can start as low as $200.
Payment Plans
As mentioned earlier, different contractors will feature different prices with their range of services. As such, an individual’s budget in relation to their preferred candidate will determine the final price of their renovation project. It’s also worth noting that multiple contracting firms offer different payment plans that allow individuals to settle their dues over time. However, the final price related to such an arrangement will generally be higher than the original fee.
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