Bathroom Renovation Cost Guide:
The master bathroom renovation cost guide will help understand the investment amount of your bath remodel project. The master bathroom is supposed to be your own private escape—a place to pamper yourself, to preen. So why are you always in such a hurry to leave yours? Maybe it’s the pink-and-white tiles. Or the perpetual beads of water on the ceiling. Or the way the entry door slams into the toilet.
If your would-be sanctuary is a major sore spot, you’re not alone. Bathrooms are second only to the kitchen on people’s wish lists of rooms to remodel, especially since the current economy-induced deferred maintenance has pushed so many past their 20-year lifespan. Given the complexity of bathrooms—multiple components in a compact space, not to mention all that water—doing the project right is a challenge.
What it will cost and how to budget
On a cost-per-square-foot basis, bathrooms are one of the most expensive spaces to remodel. How much should you spend on your master bathroom? A rule of thumb is that the total project—including materials and installation—should cost no more than 5 to 10 percent of your home’s value. The National Kitchen & Bath Association (NKBA) puts the national average at about $16,000. Another guide is Remodeling Magazine’s Cost vs. Value report, which compares the average cost of various renovation projects with the value they keep at resale. In 2011-2012, mid-range bathroom remodel cost an average of $16,552 and recouped 62 percent, while upscale bathroom remodel cost an average of $52,249 and recouped 56 percent. Here’s how the NKBA breaks down the budget for a typical bathroom remodel: