Two rooms provide the most value for the average home: the kitchen and the bathroom.
If you own a condo, apartment, row house, or single-family home, you can get most of your money back from equity increases by investing in these areas. When you know what to upgrade without spending a fortune, it can be a profitable venture!
Here are the elements to consider if you’re weighing the pros and cons of a bathroom renovation in NYC today.
What to Expect from a Bathroom Remodeling Project
Your bathroom sees a lot of use while operating within a challenging environment. It’s nice to relax in the tub, but you also need to control the toilet, shower and sink moisture.
Instead of rushing through the process, it helps to figure out the renovation aspects that matter the most to you. Here are some of the points to consider.
1. Why do you want to renovate the bathroom?
What is it about the bathroom that needs an update? Do you want new light fixtures, an expanded vanity, or a new tub? Whether your tile needs some work or you bought a place where the carpet is everywhere and needs to go, it helps to start your project with a priorities list to ensure that you check all the boxes.
2. What is the timeline for your project?
The biggest problem homeowners face is the “desperation” of tackling a bathroom renovation that feels overdue. This perspective causes them to try to fix everything at once. It’s sometimes better to make improvements as time passes instead of trying to do it all so that you can evolve the experience to fit changing requirements.
3. What size of bathroom do you have at home?
A bathroom’s size often dictates how much the renovation costs will be for the project. A powder room is typically the cheapest since it involves new flooring and lighting, fresh paint, and upgrades to the vanity, toilet, and faucet. A guest bathroom might include tile and tub changes, while a master bathroom becomes a feature space.
4. How big is your budget?
The average bathroom renovation cost in NYC hovers around $12,000. Some places can get away with a $6,000 upgrade for minor touches, while others can spend $35,000 to build everything from the ground up. You’ll need to review what is available in your budget to ensure that you can afford everything that you hope to accomplish with this investment.
Items That Impact the Cost of a Bathroom Renovation
Every project is different, which means an exact cost estimate isn’t possible without a direct review.
That’s why considering the different factors that require attention is worth the time it takes during the initial planning stages.
Here are the common items that often need an upgrade or replacement when renovating a bathroom and how they impact the pricing.
- Bathtubs. A freestanding bathtub often incurs additional plumbing costs because of how the water lines and drains require some adjusting with the installation.
- Vanities. Pricing varies with your bathroom cabinets, with builders-grade options usually the right balance of cost and convenience. If you want something custom, expect to pay a lot more.
- Countertops. Natural materials are durable and stylish, but they also cost a lot more than prefabricated choices.
- Faucets. The price for this essential feature depends on the material, style, and manufacturer selected.
- Toilet. It doesn’t cost much to replace an outdated toilet, and the work is relatively simple to complete. That’s why you can invest in a luxury model and still hire a contractor to do the work for you.
- Tile. Wall and floor tile add character to a bathroom, but it also creates a higher cost. You can pick from porcelain, ceramic, or natural stone. If you want to save some money, consider using vinyl or linoleum for the floor to reserve the tile for your shower or tub area.
Additional features that you need for a specific bathroom can also drive up the overall renovation cost.
Items like grab bars, recessed lighting installation, walk-in tubs, or steam units can add significant charges to your final bill.
You or your contractor will also need to think about permits, how to dispose of unwanted materials, and the complexity of hauling items to where you live.
Before you get started, it helps to contact a specialist to inspect for water damage repairs. When you catch these problems early while doing the renovation, you can help your home maintain its safety and value for years to come.