bathroom renovation

Setting a bathroom renovation budget

With so many people spending more time at home over the past few months, it’s no surprise that hardware stores and similar businesses have been reporting increased turnover, Clearly, the added time at home has got a lot of people thinking about the different renovation projects that they had been considering…and one of the projects that tends to pop up in conversations is the bathroom renovation.

A bathroom renovation can certainly make a positive impact on your home, both from a liveability point of view, and for future resale. However, before you get carried away with plans for the bathroom of your dreams, it’s important to give careful thought to the budget you set for this task.

Whether you are considering a basic update, a mid-range renovation or a total luxury transformation, you need to consider all the associated costs.

Here’s some tips on what you need to factor in.

  • How old is your bathroom? If the underlying plumbing is not up to current standards you may find your budget starts increasing before you start.
  • What state is your hot water system in? There’s no point installing new taps if nothing comes out of them next month.
  • If you are going to install new flooring, do you know what’s currently underneath the existing floor? New tiles are one thing, completely new floors are a whole different matter.
  • Will your renovated bathroom be consistent with the overall style of your home?
  • If you are only planning to renovate one bathroom, make sure it won’t clash with any other bathrooms in the house.
  • Make sure you have agreed on what to include, and what NOT to include, before you start.

Answering key questions like these will help you separate your needs from your wishes and enable you to set a realistic budget for your bathroom renovation. Of course, keep in mind that major renovations should not be undertaken without careful thought…particularly if you are considering selling in the near future. That’s why the experienced, independent advice of the team at Ian Reid Vendor Advocates can be so beneficial.

While you’re here, why not collect all the helpful tips on selling your property in our free booklet, “Fatal Real Estate Traps Exposed”. You can download a copy while you’re here.