Smart Budgeting Tips for Your Next Bathroom Remodel

Many people see their bathroom as a private retreat where they can enjoy time away. With that in mind, making sure that it’s always clean and comfortable should always be a priority. This is the reason bathroom remodeling remains one of the most popular remodeling projects among homeowners.

Since a bathroom facelift usually costs more expensive than other upgrade projects, it’s important to be smart in managing your budget. Legacy Design Build Remodeling, the leading company for bathroom and kitchen remodeling, shares some budgeting tips for a hassle-free upgrade:

• Identify Your Priorities – According to the “2017 Cost vs. Value” report by Remodeling Magazine, the national average cost of a bathroom remodel ranges from $18,000 to $60,000. The first thing you need to do when planning your budget is to figure out how much you’re willing to spend. You can make that possible by conducting a thorough examination of your finances and of your future plans. If you’re going to stay in your home for a long period, for example, you want to look at the improvements that will make your family most comfortable.

• Stick to the Original Plan – After identifying your budget, try your best not to deviate from it. Additional expenses are inevitable, so set aside a contingency fund for that. During your bathroom remodel, good communication with your contractor is vital. Be sure to talk to them regularly so you’ll be up-to-date with possible modifications to the plan, such as changes in materials or accessories.

• Decide How to Pay – Lastly, you will need a concrete plan on how to pay. You have many options, including personal loans, retirement plan loans, no-equity loans, and your own savings. Regardless of the financing type, make sure to shop around for the best rate. Borrowing at a low-interest rate is oftentimes a better choice than pulling your money out of an investment account.

For all your home improvement needs, you can turn to Legacy Design Build Remodeling. We specialize in a range of upgrade services, including bathroom and kitchen remodel, as well as interior design. For nearly 30 years, we have created more beautiful and comfortable homes around the region, making us your top choice for your remodel. We serve Scottsdale, Phoenix, Glendale, and other areas in Arizona. To schedule a FREE consultation, simply call us at (480) 372-5001 or complete our form. We’ll be ready to assist you.