If your plan is to turn a master bath into a spa-like retreat, but the mere mention of money brings on an outbreak of hives, take heart. Figuring out the financials for a bathroom remodel doesn't have to be a stressful experience. We've outlined the steps you need to take to keep your finances in line. The national average cost for an upscale bathroom remodel is roughly $26,052, according to Remodeling Magazine's 2005 Cost vs. Value report but how much a homeowner actually spends will vary. To find that magic figure, first conduct a thorough and honest examination of your finances to reveal how much you can spend. The National Association of the Remodeling Industry (NARI) offers a budgeting worksheet that makes this easy to do. Next, look at how many more years will be spent in the home. "I have a flexible rule of thumb," says Everett Collier, president of NARI and co-founder of San Francisco-based remodeling company Collier Ostrom. "If a person is going to stay in a home for five years or less then the improvements should be viewed as improvements on investment.

If you're going to be there for a longer period of time, you want to look at what's going to make you and your family the most comfortable." Consider what a remodeled bath will do to a home's value, and then compare that figure to prices of other homes in the neighborhood. "That will help you determine what you're going to spend [and] whether you're going to over-improve your property," Collier says.Homes For Sale Wyandot County Ohio When budgeting for a bathroom, don't forget to allow for labor, which usually ends up being approximately a third of a project's cost, says Jeff Cannata, president of Designer's Showcase Kitchens & Baths Inc. in Carol Stream, Ill., and past president of the National Kitchen and Bath Association (NKBA).Dogs For Sale Cabot Ar If the budget needs a trim, the first things to cut are the extras — little luxuries that would be nice, but aren't essential to the room's function like a towel warmer or a steam shower.Persian Cats For Sale Montreal

When it comes to plumbing, there can be all sorts of budget-busting surprises lurking behind the walls and floors of a home. It's wise to set a bit of money aside for problems that might arise. Last minute changes, called "change orders," cost time and break budgets too, so give careful consideration to any mid-project revisions. To cover potential problems and likely change orders, Cannata recommends setting aside 10 percent of whatever number has been budgeted for labor costs. The good news is, if the financial cushion isn't needed, there will be money left over at the end of the project for towel warmers, fluffy towels or other luxuries. There are many ways to foot the bill for a bathroom remodel, but a home equity loan may be the most popular because it can be tax deductible. Other options include refinancing, no-equity loans, FHA loans, personal loans, loans from retirement plans or borrowing against life insurance policies — and, of course, your own savings. Whatever the type of financing, make sure to shop around for the best rate.

Even if cash is in hand, oftentimes borrowing at a low-interest rate makes more financial sense than pulling your money out of an investment account that's yielding a higher rate of return. "Sometimes it's smarter to use someone else's money than your money," Cannata says. Once the financials have been finalized, don't tuck the budget away in a file. Use it as a tool — whether it's a computerized spreadsheet or two columns on a piece of paper — to track actual spending against budgeted amounts. You'll be less likely to authorize expensive change orders when you can see the affect it would have on the project's cost, and doing so will ensure your budget is in the black at the end of your remodeling project. Jeff Cannata Past President of NKBA President, Designer's Showcase Kitchens & Baths Inc. Carol Stream, Ill.If you are planning a bathroom remodel, and researching how much it will cost, this is the tool for you. Estimate bathroom remodeling prices within seconds by entering square footage, number of bathrooms, trim level (quality), where you will install tiles, and your location.

Get an instant, local price estimate for your rathroom remodel project! Low End (for Rental) See costs in your area Start Here - Enter Your Zip Code While bathroom remodel costs vary greatly and depend on a multitude of factors, this calculator will give you a fairly accurate quote for basic, mid range, and luxury projects. You can also get a more accurate quote, based on where you live in USA. The calculation results assume that all new plumbing, electrical, and fixtures will be installed. Removal of standard old fixtures and installation of new drywall, tile flooring, and optional tiles on all walls are also included in the estimate. You can choose from 3 different trim levels - Basic (for rental apartments), Mid range (suitable for most projects) and luxury. We will be adding more features to this calculator, which will allow you to select the type of bathtub or shower, type of bathroom sink and toilet, optional bidet, wall covering, different types of tile (ceramic / porcelain, granite / natural stone, mosaic tiles, etc) as well as different quality levels for faucets, shower valves, and so on.

Local remodeling prices can vary as much as 20% above national average (for Pacific region) to 18% below national average for East South Central regions of US. Thus, to get accurate location based pricing, select your region from the options menu. To get prices for other remodeling projects around the house, see our 2015 Remodeling Costs Guide Note, that while the average price for an 8x5 bathroom remodel is about $7500, you can do a complete renovation for under $1000 with new sink, toilet, fixtures, and bathtub refinishing. See costs in your areaStart Here - Enter Your Zip Code2015 Bathroom remodeling cost calculators - bathroom renovation labor fees estimator.1 Labor charges and associated with remodeling fees for bathroom renovation projects. Before using calculator read about remodeling costs and estimating labor expenses Standard shower/tub combination, single vanity, toilet Standard shower with prefabricated base, separate bathtub, single vanity, toilet

Custom shower, separate bathtub, single vanity, toilet Custom shower, whirlpool tub, double vanity, toilet Custom steem shower, Jacuzzi, two vanities, toilet Powder room (vanity and toilet only) Empty single family house or townhouse Single family house or townhouse - homeowners stay in the house during bathroom remodeling Apartment - homeowners stay in apartment during bathroom renovation Complete bathroom demolishing to studs and subfloor Bathtub, vanity, toilet, tile removal Vanity, toilet, tile removal Single up to 30" x 30" window (simple replacement) Complex replacement - single up to 30" x 30" window Two up to 30" x 30" windows (simple replacement) Complex replacement - two up 30" x 30" windows Single 30-1/4” x 30-1/4” - 56" x 56" window (simple replacement) Complex replacement - two 30-1/4” x 30-1/4” - 56" x 56" windows Two 30-1/4” x 30-1/4” - 56" x 56" windows (simple replacement) Single bigger than 56-1/4" - 56-1/4" window (simple replacement)

Complex replacement bigger than 56-1/4" - 56-1/4" window Two bigger than 56-1/4" - 56-1/4" windows (simple replacement) Complex replacement - two bigger than 56-1/4" - 56-1/4" windows Removing and building couple new walls Roll or batt fiberglss insulation replacement Spraying new foam insulation Simple plumbing work (no water or drain pipes removal) Toilet or shower/bathtub drains removal Complex plumbing including moving toilet, vanity or shower/bathtub in different place Simple electrical work with no adding new light fixtures Average complexity electric work includding adding couple outlets or switches Complex elecrtic work including new recessed lighting installatation or moving light fixtures in different places Incorporation a few patterns into design Complex custom designed pattern Basic painting (primer, one coat on celing, window(s), door(s), trims and two coats of paint on walls) Incorporation of two or more different colors on bathroom walls

Complex custom painting project (including spaying oil-based paint on woodwork) How much did you pay for bathroom remodeling? 1 By default, bathroom remodeling cost calculator estimates minimum, average and maximum labor cost to complete, basic 5’ x 9’ full size bathroom remodeling with standard shower/bathtub combination, single vanity and simple installation of 90 square feet (35 Sq. Ft. on the floor and 55 Sq. Ft. on walls) ceramic tile. Homeowners can easily adjust parameters and calculate total labor charges, per square foot bathroom remodeling cost and approximate time to perform the work based on bathroom dimensions and project details. There is very low probability residential bathroom will exceed 300 square feet and technically it is impossible to fit vanity and toilet in the bathroom which is smaller than 18 Sq. Ft. For that reason calculator estimates labor cost to remodel bathrooms which are bigger than 18 ft2 and smaller than 300 ft2. 2 Bathroom dimensions (width and length) in feet should be entered as real numbers means 3 inches = 0.25 feet;

9” = 0.75’ and so on. 3 Cost of labor to remodel a bathroom divided into three separate categories. Minimum cost is a typical labor fees for very basic low budget bathroom renovation projects acceptable for rentals or low value residential properties. Average cost is a most common charge for majority of mid-range bathroom remodeling projects with minimum customization. Maximum cost is a labor fee for complex custom work. 4 Bathroom remodeling cost per square foot gives an idea what you are looking to invest into every square foot of a future bathroom based on its dimensions and project details. 5 Approximate time to remodel a bathroom is a typical number of days necessary for an experienced crew to complete the project. All computed parameters are rounded to the whole bigger number. What is basic complete bathroom remodeling? Basic complete bathroom remodeling includes following tasks: 1. Removal of bathroom vanity, toilet, medicine cabinet, bathtub, shower pan or base, shower faucet, old light fixtures, bathroom fan, tile, backer boards and partially or completely drywall.