Did you know that from 2010-2011, Americans spent approximately $359 billion on improving their homes? Also, about 14,511,000 households in the U.S. remodeled their bathrooms in 2010, which equates to 6.36% of our households, and U.S. household spent $11,337 million on bathroom renovation in 2011!
Renovation of your bathroom(s) is obviously a top way to increase the value of your home. Did you also know that most people make a decision whether or not to buy a house based on what the bathroom or the kitchen looks like? Considering that the average spent for major bathroom improvements is $9,139, we would like to share with you some cost-reducing tips to consider when renovating your bathroom:
1) Re-glaze your tub instead of replacing it. This can save you more than half of a tub replacement while minimizing the dust at the same time.
2) Use marble sheets for tub surrounds as a ceramic tile substitute. You save considerably on labor costs and the marble sheets are easier to install.
3) Use space saving bathroom furniture. Purchase a tub and shower combination to save from buying extra.
4) Utilize integrated bathroom pieces. Cultured marble lavatories can be a great budget choice since it is an integrated sink bowl and countertop sold in one unit.
5) Define what is truly needed in the bathroom. If you are going to add a large jetted tub to your project, consider adding a water heater dedicated to that tub. A large jetted tub can hold an average of 75 gallons or more, which can easily overextend your existing water heater and cause expensive problems in the future.
6) For an eco-friendly bathroom , start by adding a Watersense labeled toilet. These save nearly 2 billion gallons per day across the country. Another “green” option is a composting toilet.
7) To continue on the eco-friendly path, also choose a Watersense labeled bathroom sink faucet. These can reduce water flow by 30% or more without sacrificing performance, which is important considering that 15% of the nation’s indoor water (>one trillion gallons) comes from the use of faucets.
8) Showering accounts for about 17% of yearly residential indoor water use, so install high-efficiency indoor water fixtures to achieve a water savings of 25-60%! A high-efficiency shower head with a flow rate of less than 2.5 gpm will maximize your water efficiency.
9) Choose recycled content countertops, which are made of attractive reused materials such as stone or glass. Also use low-VOC sealants when installing countertops to protect the air quality in your home.
10) Use cabinetry made from natural and sustainably harvested materials, such as bamboo and certified woods rather than tropical hardwoods.
11) For flooring and tiles, also use natural and sustainably harvested materials, reclaimed materials, or recycled content such as salvaged ceramic tile. Consider reduced toxicity such as linoleum instead of vinyl flooring. Opt for an electric warming system beneath stone or tile floor rather than a heater.
Added value on your house: 58.3% of the cost ($29,162 on average) of upscale projects is recouped as an increase on the value of the house, while 65.2% of the cost ($15,782 on average) of mid-range projects is recouped as an increase on the value of the home.
So, whether you want to spruce up your existing bathroom ultra-chic décor or eco-friendly furniture, it is wise to take note of some cost-saving options to help you maintain low capital renovations and increase home value.