Like any responsible homeowner or renter, you plan to budget for your upcoming bathroom remodeling project. But finding the dough to accessorize like a celebrity may prove more than challenging. Whether you’re looking to install high-tech toilets, new faucets and showerheads or simply to afford new rugs, follow these penny-pinching tips; you’ll be on your way to a new total bathroom makeover without cutting back on your family’s food or selling your assets.
Plan in Advance
No matter what size remodeling project you plan to undertake, you can never plan too far in advance. The larger the project, the more long term you should think. But before you either sell you’re car or begin purchasing new bathroom accessories or fixtures, write down your plan. Create a mock blueprint of your ideal bathroom, complete with what fixtures you need or want to replace, as well as the aspects you can repurpose and refurbish for free. Now, conduct simple market research online and estimate the average price for the new features you wish to include in your makeover project. For standard durable pieces, look for trusted brands such as Kohler, Price Pfister and American Standard.
A good rule to follow should be based upon how long you intend to stay in your home. If you’re simply looking at a quick fix and sell home, then opt for simple improvements. If your family will be staying for decades, you may want to consider comfort and ease first, and then think of what will increase the value of the home over time.
Additional costs are accrued when you pay for the labor. So no matter how big or small you plan to remodel, also factor in how much – or how little – the cost of labor will be.
Evaluate the Spending
With your estimated expenses in hand, examine your current weekly and monthly spending habits. Are there any areas where you can afford to trim down? A few dollars here and there spent on gourmet coffee, fast food restaurants and even those extra cents tacked onto gasoline prices paid with debit or credit cards can really add up quickly. Budget-friendly ideas include carpooling, consolidating all errands into one day to eliminate expensive fuel costs as well as opting for stay-at-home dinners which tend to be cheaper and healthier.
Stick to the Plan
If you’ve decided to trade in your Chinese take-out Tuesdays and quick trips to the post office for a home cooked meal and a walk to the local stores, then stick to it. And it will be tough to stick to this plan, but be prepared. It’s easy to find excuses (it’s too cold outside to walk); writing down specific tasks on your calendar will help keep you focused on your goal: remodeling your new bathroom. Also, seeing tasks written in permanent ink will help guilt-trip you into behaving, especially if you’ve slipped once or twice.
Small Budget Makeovers
With the rocky economy and unstable job market, many families simply cannot afford a total bathroom makeover as they’ve dreamed. However, a few small and inexpensive changes can transform your bathroom. Often, just a simple accent wall in a dark, rich paint can change the feel of a bathroom instantly-while only a fraction of the cost of totally repainting your entire bathroom. Check out local yard sales and online listings for freebies and discount giveaways; a wicker basket or antique bedside table can double as an artistic and decorative toilet paper holder.
Transforming your entire bathroom will require a hefty budget, especially if you’re reinstalling valves, bath tubs and cabinetry (which will most likely require the assistance of a professional). Splurge on the luxury model toilets with heated seats, heated tile floors to keep your toes toasty or the automated sink faucets that eliminate wasted water. Over time, you’ll see more money in your pocket, since these luxury upgrades will most likely replace your frequent trips to day spas.