Budgeting for your bathroom renovation
One of the first and biggest questions that I ask my clients in our quote process is “Have you got a budget in mind for your Bathroom”.?
In most cases the answer is “ We haven’t really thought about it ” or “ We are getting quotes to get an idea on costs. ”
The reason that we ask this question is to see what fixtures and fittings, tile choice etc. that we may look at when it comes too pricing. These factors play a big role in pricing up a quote/job on the contractors side. For example tile price can range from $30pm2 - $100+pm2, Vanities can range from $500 - $3,000+ and tap ware can range from $40 - $300+
With all of these factors taken into account we can break down the cost of a bathroom down into 4 different price brackets.
Cosmetic Renovation - $5,000 - $10,000
Budget Renovation - $10,000 - $15,000
Mid-Range Renovation - $15,000 - $30,000
Luxury/Premium Renovation - $30,000+
The Housing Industry Association (HIA) found that the average bathroom renovation is to be around the $17,522.
COSMETIC RENOVATION
$5,000 - $10,000 For the cosmetic renovation of your bathroom you are looking at possibly changing out the vanity and taps, changing basic fixtures and fittings such as towel rails, toilet roll holders etc, and changing out a toilet. this type of renovation would include nothing invasive like changing tiles etc.
BUDGET RENOVATION
$10,000 - $15,000 The budget renovation may involve some compromises such as keeping electrical and plumbing in the same locations, possibly only having a skirting tile instead floor too ceiling (depending on the size of the bathroom). There may also need to be some sacrifices in the tile choice staying around the $30pm2 range. You would also be looking at the more budget range of fixtures and fittings and staying with a framed shower screen instead of a semi frameless or frameless shower screen and maybe a floor mount vanity instead of a wall hung vanity.
MID-RANGE RENOVATION
$15,000-$30,000 This price range is what the average person will spend on their bathroom renovation. This range will allow you to achieve a broader range of quality fixtures and fittings in the mid rage. You would also have a broader range of tiles to choose from being more in the range up to $50pm2. This will also allow more of a stretch in budget for things like feature tiles such as mosaics or subway tiles. In general your average wall tile like a 300x600 wall tile would be $50pm2 to lay where as your subway or mosaic tile would be more like $150pm2 to lay. This would allow you to do a feature wall in the shower recess or small wall feature. You could also look at upgrading the shower screen to a semi frameless or frameless. This price range would also allow you to look at a fancier freestanding bath and vanity and also possibly adding a couple of niches. With extra budget, this could allow for some minor changes or alterations to plumbing and electrical.
PREMIUM OR LUXURY RENOVATION
$30,000 + In this price range the options are plentiful, with almost no compromises to be made (other than possibly structural restrictions). In this range you could step up to a more luxurious stone freestanding bath, frameless shower screen, in wall toilet cistern and more luxurious wall hung vanity. This range will allow you to have a larger range of tiles to choose from which, would be moving into the range of $70pm2+. This increase in budget will also allow the flexibility to move Plumbing and electrical to achieve exactly the flow and look that you want. You may also like to add a TV - to relax and unwind after a long stressful day in your luxurious Stone bath, the possibilities are endless.
What you see above are only indications/guides and provide a better understanding to allow you to budget for your next bathroom renovation. For more information or if you have any questions please contact us.
The above pricing is outdated and do not reflect current pricing.