If you’re thinking about renovating your home, then you may be feeling a bit overwhelmed with all of the decisions you have to make. From the fixtures you’ll be using to the team you choose to perform the installation, it’s easy to get lost in the details. At Affordable Granite & Cabinetry Outlet, we want to help you become as informed as possible before investing in a home renovation project. We explained some of the most recent data about home remodeling in a previous post, and in today’s post, we’ll turn our attention to bathroom remodeling facts and figures.
Affordable Granite & Cabinetry Outlet is your go-to resource for home remodeling in Newburgh and the surrounding areas. Whether you’re looking for new cabinetry or granite countertops to complement your home’s decor, we have everything you need to create the space of your dreams. Get in touch with us using the form at the bottom of this page, or come by our showroom in Newburgh to speak with one of our team members. We’re located at 179 S. Plank Rd, and we would love to help you find the perfect products for your bathroom renovation. Continue reading below to learn more about bathroom remodeling!
Bathroom Renovation Statistics
No matter the size of the project you’re thinking about taking on, the first question on your mind will almost certainly concern the cost of the project. As we talked about in our post about kitchen remodeling, the cost of any renovation project will vary according to how big your bathroom is and the improvements you’re hoping to make. Installing low-range countertops, stock cabinetry, and a new sink could cost as little as $2,300, depending on the products you choose.
A mid-sized bathroom renovation could include things like installing a new bathtub, replacing your stock cabinets with custom cabinetry, adding new countertops, and replacing the flooring. Depending on the materials you choose, a project of this size would cost between $10,000 and $14,000.
Suppose that you wanted to create your dream master bathroom complete with new flooring, lighting fixtures, cabinetry, countertops, and sinks — how much should you budget? You should plan to spend at least $15,000 on a remodel of this size according to the most recent bathroom renovation data, but more realistically, a luxury bathroom renovation with high-end products will probably cost between $20,000 and $30,000.
After you’ve determined your budget, your next question probably concerns how much of your investment you’ll recoup after selling your home. According to 2017 bathroom renovation data, the average return on investment ranges from 50 to 65 percent. While this certainly isn’t as impressive as the 92-percent return you can expect from a luxury kitchen renovation, a return of 50 to 65 percent is nothing to scoff at. Let’s suppose that you spent $20,000 on a bathroom renovation and recouped 60 percent of your investment — that’s $12,000 back in your pocket after you’ve sold your home. Moreover, a newly renovated master bathroom might just be the ticket to selling your home quickly, especially if it was originally furnished with low-quality fixtures and amenities.
We hope that this post will help you determine which kind of bathroom renovation is right for your home. If you’re interested in learning more about home remodeling in Newburgh, then come by the Affordable Granite & Cabinetry Outlet showroom! We carry a wide range of home renovation products, including granite countertops, custom cabinets, and so much more. We offer free estimates, and one of our home remodeling experts would be more than happy to help you find products that meet your needs and don’t exceed your budget.