Are you going for a bathroom maintenance project that fetches higher return on investment or do you need a luxury renovation that is a reflection of your taste? No matter your purpose, you need a clear budget. Learn how a small bathroom renovation budget is different than a deluxe one. Understand the costs involved and make a wise decision.
Canadians love fixing up their homes and renovating it to suit their choices. According to a report by Altus Group, a property consultancy firm in Toronto, the total residential renovation spending in 2018 will be $74 billion. And, a bathroom remodel remains in top planned renovation projects for Canadian homeowners. If you are interested in renovating the powder room, cost is the number one priority.
2018 Average Bathroom Renovation Cost in Toronto
Usually homeowners spend at least $10,000 on bathroom renovations. But, it is not necessary to have your budget close to the average. Small renovations can cost you less than $5000 and luxurious remodeling projects can increase your cost by several thousand dollars. Let’s understand the cost of your bathroom renovation project in detail:
1. Cost of a Small Bathroom Renovation is…
According to an article by Time.com, a small renovation can cost you in the range of $3000-$12000. If you are looking for an affordable renovation that keeps the bathroom in good shape, you can opt for it. A small renovation project is ideal when the bathroom walls, doors and cabinets simply need a fresh paint of color. Also, you should be okay with affordable countertops such as laminate and ceramic tiles. It will not include any major plumbing overhaul such as changing the location of the bathtub.
2. A Medium Range Bathroom Remodel will cost you this…
A medium range renovation project needs you to have at least $20,000 in the pocket. When you want to opt for a complete overhaul of the bathroom, you will have to put aside a considerable amount. It will include the cost for a new flooring, better sink, new toilet and stylish vanity to take care of your needs. You can upgrade the fixtures and even opt for customized bathroom cabinets. It can also include a bathtub to shower conversion.
3. Amount that you will spend on a Luxury Remodel is…
When it comes to luxury bathroom remodel ideas, the sky is the limit. You can opt for solid wood pieces in the bathroom. Opting for a walk-in closet, a TV cabinet, heated flooring, or a sauna can quickly add to the cost. But, if you intend to stay in the house for a very long time, a deluxe bathroom renovation is a good way of transforming the bathroom into a relaxing spa. An average luxury bathroom remodeling project can start from $20,000 and go anywhere up to $100,000.
How to make the Decision?
Set your Priorities from the Beginning
When it comes to bathroom renovation in Toronto, you will be spoilt for choices unless you are sure of what you need. Many homeowners get confused about choosing the best option. Remember the complex the renovation project, the longer it will take to finish. Are you ready for a three to eight weeks home improvement project on your property? Bathroom renovation can be undertaken during any time of the year. So, consider the best time for you.
Whether you decide to renovate the bathroom for aesthetic reasons or basic maintenance needs; one thing is for sure. You need to keep aside an ample budget for the renovation so that you do not have to break your savings at the last minute. With a well-thought budget, you will not require to compromise on the quality of fixtures and still enjoy a beautiful bathroom space.
Why hire a Bathroom Renovation Contractor?
A small cabinet painting job can be considered a DIY job that can be finished over the weekend. But, if you are thinking of changing the look of the bathroom, it is best to hire a bathroom renovation contractor. By having a single point-of-contact for the renovation project, you will be able to avoid handling different sub-contractors. A plumber may charge you at least $45 per hour. A carpenter may ask you to pay $50-$70 per hour. An experienced electrician can demand $100 per hour. Do not forget the additional installation charges for putting the countertop, cabinets, tiles, etc. in place. It can quickly take a toll on your budget and interfere with your busy schedule.
So, it is best to hire a renovation contractor with wide experience and incredible expertise on the subject. Invite detailed cost estimates from different contractors and pick one that offers affordable rates and reliable service.
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