Bathroom renovations can be a significant investment, especially for property owners looking to maintain or increase the value of their rentals. The cost of a bathroom renovation can vary widely depending on the scope of work, the size of the bathroom, and whether you’re reconfiguring the layout. Here’s a breakdown of what you can expect when planning a bathroom renovation.
Average Costs for a Basic Bathroom Renovation
If you’re not planning to reconfigure the bathroom, meaning you’re not moving plumbing fixtures like toilets or showers, you can typically renovate an older, reasonably sized bathroom for around $7,000 to $9,000. This price range assumes that you’re handling the general contracting yourself, which can save a significant amount of money compared to hiring a contractor.
For this budget, you can expect to install new tile, update fixtures, and make the bathroom look fresh and tenant-ready. This is particularly advisable for rental properties where you want a functional, attractive bathroom without breaking the bank.
When the Costs Increase: Reconfigurations and Larger Bathrooms
The real costs come into play when you start reconfiguring the bathroom layout. If you plan to move the toilet, shower, or bathtub, you’ll need to account for the expense of rerouting plumbing. This often involves jackhammering concrete floors to access and reposition drains, which can substantially increase your costs.
Reconfiguring the layout of a bathroom can easily push the renovation budget beyond $15,000, depending on the complexity of the work. Larger bathrooms, especially those in higher-end properties, will also naturally incur higher renovation costs due to the increased materials and labor required.
DIY vs. Hiring a Contractor
If you have the skills and time, managing the renovation yourself can save you a lot of money. However, it’s important to be realistic about your abilities. Mistakes can be costly, especially when dealing with plumbing and electrical work. For property owners who prefer a hands-off approach or those dealing with more complex renovations, hiring a professional contractor may be worth the additional cost.
Plan According to Your Property’s Needs
When planning a bathroom renovation, it’s essential to consider the specific needs of your property and your budget. For a basic, non-reconfiguring renovation, $7,000 to $9,000 should cover most of the expenses for a standard-sized bathroom. However, if you’re dealing with larger bathrooms or making significant layout changes, be prepared for the costs to increase substantially.