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Bathroom renovation costs

Have you ever dreamed of having a luxury bathroom where you can relax after a long day at work? Well, to achieve this Instagram-worthy look, you may need to renovate your bathroom. This can be a fun process since you can choose from different bathtubs, tile styles, and opulent cabinetry. However, it is critical to think about the bathroom renovation costs.

The average cost of bathroom renovation will depend on the elements you wish to add. That’s why the most vital thing you can do before starting this project is calculating the cost by square footage including, furnishings and labour. Considering all this, the bathroom renovation costs can be anywhere between $6,000 and $70,000.

If you don’t want to increase your debt, it is important to establish a budget. Plus, you will need a contractor that understands your vision. However, to achieve your desired bathroom design, you should have a rough design completed with your list of priorities added. To help you out with this process, below is a complete breakdown of costs associated with bathroom renovations.

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How much does a bathroom renovation cost?

In case you own a luxury home, the average cost of bathroom renovation can reach $50,000. But if you live in a regular household, you might end up spending up to $15,000. It is the base charge. You will need to add labour costs, which can be 40 to 60 percent of your project.

Keep in mind that the prices we are stating are only averages. The final cost will depend on the size of the room, materials, and fixtures. Now, let’s take a look at the key factors you need to consider when remodelling your bathroom.

1. Countertops

Did you know that only changing your countertop can take your bathroom design to the next level? If you are on a strict budget, we recommend exploring prefabricated countertops. They are not only affordable but also easy to install.

In case you want to invest more in your countertop, you can purchase a custom-made one. You can choose between marble or quartz. Marble starts at $4 per square footage and, quartz is $100 per square footage.

2. Tiles

Most homeowners fall in love with an all-tile bathroom that creates a contemporary look. When you go to the store to choose the new tiles, you can choose between natural stone, porcelain, and ceramic. The first two options will cost between $5 and $20 per square footage. For a more affordable option, choose ceramic or Mosaic for a luxurious look. Mosaic costs about $100 per square footage.

The cost of installation varies based on the material you choose. For instance, with tiles, labour can cost up to $3,500.

3. Bathtub

An element that usually ends up costing you the most is a bathtub.

Homeowners get very excited when it comes to choosing the bathtub for their bathroom. If you look for an estimate online, replacing your bathtub can cost between $1,000 and $5,000. Keep in mind that if you want extra features such as jets, the price will be higher.

If you want to keep your budget, you can look for a company that offers a complete service. That means installing your shower and bathtub at the same time.

4. Faucets

Some people prefer spending a significant part of their budget on elements such as faucets. This part of your bathroom usually grabs everyone’s attention and enhances any design you have in mind. When it comes to faucets, you should expect to pay between $100 and $400.

5. Cabinetry

The cabinetry you choose will determine the style of your whole bathroom. For instance, if you pick all-black cabinetry, you will have a contemporary bathroom with a touch of opulence. But, with light wood cabinetry, you can create an ambience of relaxation.

Cabinetry comes in different materials, colours, and designs. Remodeling your bathroom cabinetry could end up costing up to $10,000. For a more affordable option, we advise you to refurbish the existing cabinets.

6. Electric and plumbing

These are costs that you can’t avoid, especially if you are doing a whole bathroom renovation at once. Installing new electrical fixtures plus new plumbing can cost you up to $1,000. These prices may vary if unexpected problems arise during the project.

7. Contractor costs

Unless you plan to do all of this by yourself, you will need to hire a contractor. An experienced professional can cost you $300 to $400 per day.  Additionally, you will need to consider the additional cost of hiring an interior decorator. This can add approximately $3,000 to $5,000 to your project.

Alpine Credits can help you unlock the equity in your home and complete your dream bathroom renovation project.

At Alpine Credits, Homeowners Get Approved.

Apply now or call (1-800-587-2161) to find out how you can subscribe for RESP through your home equity.