Have you decided to bite the bullet and proceed with your master bathroom remodel? Good for you. At the very least, you can enjoy a master bathroom that is in alignment with the times (no more olive green 4x4 tiles). At the very most, you can take a deep breath and enjoy the relaxing effects of body sprayers and a steam shower at the end of a long day.
Either way, you'll be happy to know that a well-executed, mid- to high-end bathroom renovation will earn a 65% return on your investment (ROI) when it comes time to sell your home. For a more specific and detailed report of the costs associated with bathroom remodels, Click Here to download our eBook.
How Much Will Our Chicago Master Bathroom Remodel Cost?
And, that brings us to the topic of this post. Obviously, we can't quote a specific price for you because the majority of your remodeling costs will be determined by the materials that you choose.
That's right! You are your own best asset when keeping your costs to your budget. It turns out that only about 20% of your total remodeling costs will be attributed to labor. That means 80% of your bathroom renovation costs are within your control because they are based on the fixtures and finishes you choose.
The average, mid- to high-end master bathroom remodel will typically cost a homeowner somewhere between 5% to 10% of your home's total value. So, if your Chicago-area home is valued at $600,000, you will probably spend between $30,000 to $60,000 on your remodel. Keep in mind that bathrooms are a more pricey remodel because of all of the plumbing, parts and fixtures involved in a relatively small space.
Here is a specific breakdown, as per the National Kitchen & Bath Association (NKBA), of how costs are allocated in the typical bathroom remodeling scenario:
Labor 20%
Cabinetry 16%
Fixtures 15%
Plumbing 14%
Floor 9%
Countertop 7%
Lighting 5%
Walls & Ceiling 5%
Doors & Windows 4%
Other 5%
Plumbing costs come in at 14%, but because plumbing is dictated more by the current layout of your home there isn't as much wiggle room in that area. If budget is a concern for you, you'll want to keep your choices to the mid-range, rather than higher-end options, when it comes to cabinets, plumbing fixtures, flooring and countertop selections. Your bathroom designer can make sure you view options within your price point. The best way to experience optimal satisfaction and the highest ROI for your master bathroom makeover is to choose an experienced remodeler so the work is top-quality, saving you money on maintenance and repairs in the long run. Kitchens & Baths Unlimited has more than 30 years of experience performing high-end master bathroom renovations in Chicago and surrounding areas. Contact us to schedule a consultation so we can get started on a timeless master bathroom you'll enjoy for a lifetime.
