When you start planning your new bathroom transformation, you should know it’s common to spend between 10-5% of your home’s value. If you own a $450,000 home, you can budget between $45K and $22.5K for your bathroom upgrade without compromising too much of its resale value.
To get a bit more detailed (but still ballpark), you can budget the cost of your bathroom transformation based on its size. Add in the quality of materials and fixtures that you will use as well as the complexity of the job and you will get a very close estimate.
For the sake of candor, I’ve attempted to include all of the costs (known and unknown) associated with a bathroom transformation. These include but are not limited to:
- Unforeseen surprises
- Age of your home
- Labor of employees
- Trade partner services
- Overhead and profit
- Material selection
- Number and quality of fixtures