How to Plan Your Long Island Bathroom Remodeling Budget
Wednesday, April 16, 2014
When you’re remodeling a bathroom, you don’t have to spend more than you can afford. Our Long Island bathroom remodeling and design contractors can help you get the most out of your budget for this project.
Home improvement projects are almost always great investments. Remodeling or adding on to your home can raise its resale value by a lot. But it doesn’t have to be an expensive project to be a great improvement. If you’re looking for a Long Island bathroom remodeling project that will greatly improve your home and the time you spend there, but you don’t want to break the bank, don’t worry! We’ve got a few ideas that can help you keep your finances in order, while vastly improving your home’s interior.
1. Ask what you can—and what you should—spend.
The cost for an upscale Long Island bathroom remodeling job is around $26,000 on average. Of course, however, the actual amount spent by individual homeowners greatly varies. The amount that you’re willing and able to spend depends on your current financial situation, your home, and your family’s lifestyle. Take an honest and thorough look at your finances and determine a budget that’s realistic for you.
When you’re determining your budget, also take into consideration the amount of time you plan on continuing to live in your current home. If it’s five years or less, then you’re main concern should be how big of a return on your investment you can get when you sell your home. If you’ll be staying longer than that, then your main focus should be the comfort and enjoyment that your family will get from your new Long Island bathroom remodeling project.
2. Cut back on your costs.
When you’re planning your Long Island bathroom remodeling design, don’t forget to account for labor costs. Usually, this will end up being about ⅓ of your costs for the entire project. If you need to cut costs, start with any amenities that would be nice, but aren’t necessary. If you’re working with a smaller budget, figure out what essentials your project needs, and see how much more room you have for any more add-ons.
3. Leave yourself some room.
With Long Island bathroom remodeling, you’re going to have to be wary of plumbing issues. Once you’ve gotten ready to redo flooring and install new fixtures, you may start to find there are some budget-busting plumbing problems that you had no idea were there. So it’s wise to make sure you’ve left a little wiggle room in your budget for any unexpected problems that may crop up.
Our Long Island bathroom remodeling experts recommend you have around 10% of your budget reserved for unexpected problems. And if at the end of the job you haven’t had to spend it, you can look at adding on a few of the more luxurious features that you cut out over budget concerns in the beginning.