As a design/build professional, it is our responsibility to keep up with current trends in the remodeling industry. The Remodeling magazine produces a Cost vs. Value survey based on demographic information as well as national averages. If you, as the consumer, are considering investing in your home on a remodeling project, this information can prove invaluable to you.
According to the national averages, a midrange bath remodel is approximately $21,000 while an upscale bath remodel is approx. $67000. The resale recoup value between the two averages 56-64%. This is important to you as the homeowner if you ever decide to sell your home.
Although appraisals and comparative analysis in neighborhoods are not taken into consideration in this survey scenario, as a consumer, you can feel more secure in your investment. This information is available on the Remodelers website at https://www.remodeling.hw.net/. This could offer you a sense of security in your investment.
The true difference in the midrange vs. the upscale bathroom remodel is whether it is your intention to change the footprint of the bathroom. Changes to the footprint have several considerations, the least of which is not, whether the property is on a slab foundation or a crawl space. As one might imagine, changing the footprint on a crawl space would be less invasive when it comes to moving walls, plumbing and electrical, all of which drive cost up. If on a slab, the only way to accomplish such endeavors would be more costly.
In our experience, visitors come to our showroom daily that have viewed their dream bath area on HGTV and have no idea or real expectation for the cost of the project based on the desired outcome. After all, such changes are made all day long within an hour on HGTV, right? Well, it is not quite that easy. We strive to assist customers in making a well-informed decision on expectations based on reality. Several factors need to be taken into consideration. How long will the project take? How can I reduce my expectation and still realize the dream by making my vision a reality?
Our NARI Certified Kitchen and Bath Remodelers are well versed in assisting customers with streamlining expectation while still achieving desired outcomes. We build what we design for you. We realize that in a trendy world, the budget conscious consumer must make decisions on what they prioritize for desired outcomes. Let us help you make your vision a reality. Visit our showroom today or call for an appointment with one of our consultants.