There’s no doubt that a bathroom renovation can be costly. But a few insider tips from bathroom pros can help you avoid expensive mistakes and achieve your dream bathroom on a tight budget.
For example, instead of installing new tile, search for cheaper look-alikes to fill in most of the space. Or paint your floorboards to refresh the room and add value.
1. Think About the Space
When it comes to renovating a bathroom, it’s important to think about the space and make a plan. This can help you stay on budget and ensure that the renovation is done correctly. When you’re creating a design plan, you should start by thinking about how the room will be used and what features it needs. You can then work on figuring out the best way to use the space, which will make it more functional and appealing.
For example, if you have a tub, you might decide to remove it in favor of a shower. This will save space and make the room feel larger. It’s also a good idea to consider what type of flooring you want to install in the bathroom. While tile is usually the go-to choice for bathrooms, you can save money by opting for something more affordable like vinyl or laminate.
You can also update the look of a bathroom with new hardware and faucets or modern light fixtures. This is an easy and affordable way to give the room a fresh new look that will still be within your budget. You can find these items at home improvement stores and even big-box retailers.
Another simple yet effective way to refresh a bathroom is with a new paint job. This is an inexpensive and quick way to breathe new life into a space, especially if you choose a color that makes a statement.
Lastly, don’t forget to include a few accessories that will add character and charm. You can find great deals on stylish decor at places like HomeGoods and TJ Maxx.
2. Make a Plan
A gleaming new bathroom can transform the space into a spa-like retreat, but it can also add a lot of value to your home. The challenge is in executing that vision without blowing your entire budget, especially since there are often plumbing reroutes to be done, tile to lay, and light fixtures to hang.
If you’re renovating on your own, make a plan so you know what needs to be completed and when. This will keep you from getting stuck with a long list of annoying tasks at the end of your project. If you aren’t a planner, consider hiring a designer to help you. They will not only offer a professional touch, but they can keep your project on schedule by scheduling contractors and installers.
Another way to save money is by replacing high-end materials with similar, less-expensive options. For example, you may be able to save money by choosing an acrylic tub instead of a cast iron one. In addition, you can save on labor costs by painting concrete surfaces rather than drywall.
It’s important to have a clear budget before starting work so you don’t overcapitalise or spend more than you can afford. A professional will give you an accurate costing and can advise on what is a realistic renovation timeframe for your project.
It’s also important to be aware of any hidden expenses, such as electrical rewiring, that might be required during your remodel. These are usually not immediately obvious, but can add up quickly. For instance, if you’re installing a new vanity, it might need power outlets moved to where they will be located in your new bathroom. It’s a good idea to get an electrician to come in and do this job during your renovation.
3. Shop Around
While a complete bathroom renovation is often expensive, there are some ways to save money while still getting the look you want. For example, you can find cheaper materials at home improvement stores or even online. Additionally, you can use a credit card with low interest to pay for your remodel. However, it is important to remember that you should be able to pay off the debt before the promotional period ends.
You can also save money by buying used items from websites like Craigslist or eBay. However, it is important to be selective when choosing used items. Make sure you choose quality products and avoid buying anything that is damaged or broken. Also, consider purchasing a few smaller upgrades instead of a big-ticket item. For example, a new vanity can be more affordable than a new tub or a custom shower.
Another way to save money during a bathroom remodel is to invest in quality hardware and faucets. While it may seem like a small detail, it can have a big impact on the look of your bathroom. You can also purchase modern fixtures at retail stores or online. Lastly, you can also look for discounts at stores like TJ Maxx or HomeGoods to find stylish decor that will give your bathroom a new look.
It is also a good idea to reserve some of your budget for unforeseen expenses. This will allow you to fix any issues that come up during the renovation process without having to put your project on hold or go over your budget. This is especially important if you are doing a major remodel, such as adding a second sink or moving a toilet.
4. Look for Financing Options
There are many options to finance a bathroom remodel. One option is to save up the money to pay for the project, but for some that may not be an option. Other options include loan and credit card financing. A personal loan is a great option for small projects and has fixed monthly payments. However, it’s not ideal for large projects because of its limited borrowing limits and higher interest rates.
Another option is to look for creative ways to save on the cost of materials. For example, using an old vanity with a new mirror and light fixture or reusing the tub is a great way to give your space a makeover without spending much money. Also, consider looking for second-hand items online or at local thrift stores to find affordable upgrades such as a faucet or shelving drawers.
If you are able to afford it, hiring a professional designer can be worth the investment. They can help you create a design that is within your budget, as well as make sure that the project is done correctly. This will prevent future costly mistakes and keep the project on schedule.
Another financing option is to use a home renovation loan. This type of financing is similar to a mortgage and uses your home’s value as collateral. As a result, these types of loans have lower interest rates than unsecured loans. One lender that specializes in this is RenoFi. This company offers a new type of loan that combines the best of both construction and home equity loans to make your renovation dreams a reality. You can learn more about this financing type by visiting their website.
5. Hire a Contractor
There are a lot of DIYers out there who publish how-to videos for everything from getting chocolate stains out of clothes to building homes from scratch. These folks have great intentions, but they often lack the experience needed to take on big projects. This is especially true when it comes to bathroom renovations.
Trying to remodel a bathroom on your own could lead to disaster. A good contractor will understand your vision and work to make it a reality without breaking the bank. Plus, a professional will be able to spot potential issues before they become a problem. For example, you might want to relocate a tub or toilet, but you might forget about where the plumbing pipes are located. This can result in expensive damage if you knock into them. A contractor will know where these pipes are, which will prevent you from running into them and potentially damaging the piping or wasting money on unnecessary repairs.
A contractor also has a team of workers, which can speed up the process and get the job done more quickly than you can. This will help you avoid having your bathroom out of commission for a long time, which can be inconvenient and stressful. We highly recommend asking around so you have an idea about the average cost of a bathroom renovation.
While there is a difference between remodeling and renovating, either can add value to your home. However, it is important to understand the differences between them to decide which option is best for you and your budget. For example, you might be able to save money by decorating your bathroom instead of replacing it completely. But replacing your toilet or vanity might not provide the impact you’re looking for, so it may be worth spending more to remodel your entire bathroom.
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