Thanks to the high home prices in the real estate industry, many homeowners are considering major renovation projects in order to sell for the very best price.
If you’re in a similar position, you may be considering remodeling a bathroom in order to get a competitive price for your current home before finding a new place to call home.
Remodeling costs have risen during the COVID-19 pandemic by about 13%, so keep reading to find out what average costs you may have to endure in order to complete a full bathroom renovation.
Consider both costs of materials and cost of laborers
The main factors that influence the cost of your bathroom renovations are the labor and subcontractors (which can account for 50% of total costs), style, and water problems. While it’s important to factor material costs of items for your bathroom renovation into your budget, labor and installation costs may send you way above budget if they’re not factored in from the beginning.
A shower door, for example, can cost about $500 to $1,000 in material costs. However, homeowners may end up paying up to $9,000 in installation costs for a shower door. Tile work in your bathroom is another example of low material costs but high installation costs. Remember, while you might have the budget to afford high-end materials, you’ll need to account for laborers as well. You can save some money with a do-it-yourself remodel, but you’ll risk major plumbing and electrical issues with shoddy work.
As you decide where to put your remodeling dollars, remember that a double-vanity sink is the top bathroom feature home buyers are currently seeking!
Average costs depending on the type of bathroom
There are three main types of bathrooms: the primary bathroom, guest bathroom, and half bath/powder room.
Primary bathrooms are normally connected to the main bedroom in the house and typically are classified as full (sink, toilet, shower, and bath) or three-quarter (sink, toilet, and standing shower) bathrooms. In general, remodeling the primary bathroom costs between $10,000 and $25,000. The average costs come to around $18,000, while luxury amenities could see remodeling costs exceed $50,000.
The guest bathroom is normally a full or three-quarter bath as well, however, costs for remodeling this room are lesser as homeowners normally pour less funds into their guest bath than their primary bath. Estimated total costs of a guest bath remodel ranges from $3,500 to $10,000.
Lastly, we have the half bath or powder room, which only has a toilet and sink. Given the fewer amenities and smaller size, these remodels are usually the least expensive. Expect to spend anywhere between $1,500 and $4,000 for average half bath remodels, while extravagant half baths can reach around $13,000 in total costs.
The bottom line: average renovation costs by home value and square footage
According to the National Kitchen and Bath Association (NKBA), a total bathroom renovation costs between 5% and 10% of your home’s entire value. If your home is valued at $250,000, your bathroom will probably cost somewhere between $12,500 to $25,000, while a bathroom renovation on a $500,000 home would cost anywhere from $25,000 to $50,000.
You can also consider renovation costs by size. Here’s an overview of how renovation costs vary depending on square footage:
- 3’ x 5’ (15 square feet): $1,500 to $2,250
- 4’ x 6’ (24 square feet): $2,400 to $3,600
- 5’ x 8’ (40 square feet): $4,000 to $6,000
- 7’ x 9’ (63 square feet): $6,300 to $9,450
- 8’ x 10’ (80 square feet): $8,000 to $12,000
- 9’ x 10’ (90 square feet): $9,000 to $13,500
If your remodeling project is purely for investment purposes, always remember to contact a trust real estate agent for advice and recommendations before and after starting your renovation process!