How to Budget for a Bathroom Renovation

The average bathroom renovation can be pretty costly, so it’s no wonder many put these types of renovation projects on the back burner. A home renovation project like this can be a big financial commitment, but it is also a great investment. Whether you decide to completely gut your bathroom and start from scratch, or make some minor improvements, you should start by creating a budget for your project.

While scrolling through Pinterest in hopes to find your ideal bathroom aesthetic start by asking yourself some key questions. Who will be utilizing this space? What are your needs versus wants? Will you be changing your current layout?

After you’ve nailed down the big questions, and narrow down the scope of the project, you can start to properly prepare a budget. Here are some key things to remember when budgeting for a bathroom renovation.

1. Do the Proper Research. Make sure to do your homework and properly research all of your design options. Creating a design board allows you to get to know your current space allowing you to properly narrow down your needs versus your wants.
2. Know the Scope. Figuring out how extensive your remodel will be can help you create a realistic budget. Are you looking to give your powder room a basic facelift or looking to completely transform your current master bathroom? Once you determine the actual scope of your remodel you can better determine how to properly allocate your budget.
3. Plan for Unexpected Costs. You should always plan for unexpected costs to arise when it comes to any home renovation project. The most risk-prone phase of your renovation project is the demo phase, which is also where you can expect some surprise expenses to arise.
4. Be Realistic. Be sure to create a budget that is realistic to your design plan. Evaluate your expectations and be realistic about the cost. This is when your research and project scope will come in handy.

Now that we have given you some tips on how to budget for your bathroom renovation project it might be time to give your space the needed facelift. Just remember to do your research, know your scope, and plan for the unexpected costs.

At Penn Construction & Design, we combine licensed Realtor knowledge with custom design and craftsmanship to deliver exceptional client satisfaction. If you want to discuss how you can add value to your home, call or contact Penn Construction & Design for a consultation at (484) 453-5071.