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Budgeting For Your Bathroom Remodel

family, children, money, investments and people concept - close up of father and daughter hands holding pink piggy bankBefore you begin your bathroom remodeling project, you need to understand that it is going to be a commitment. It’s going to take time and energy. It also may be a little disruptive to your life, there will likely be a few weeks where you cannot use your bathroom. Of course, if you hire the right remodeling company that can guide you from design to appliance installation, everything will go much smoother. Your budget is always where you need to start. Your budget will establish what you can and cannot do in your bathroom. Don’t think that just because you have a lower budget your bathroom can’t look amazing. Your bathroom designer can discuss where you can save and how to tailor your bathroom to your budget

3 Things to Do to Create a Budget for Your Bathroom Remodel

1. Create a Target Budget

Think about how much you want to spend on your bathroom (Target Budget), also establish a maximum price for your bathroom (Maximum Budget). This will help your remodeling company understand how much wiggle room you have. Your remodeling company should do everything they can to make sure that you stay as close as possible to your target budget.

2. Decide Where You Want to Splurge & Where You Want to Save

If you just keep spending on the most expensive appliances and products, you will go over budget. Decide what you really want and decide where you may be willing to save. If you want to get a new custom vanity, you may not be able to get the newest, top-of-the-line shower head. If you want to splurge on one thing in your bathroom, decide how you want to save in other areas of your bathroom. In order to balance your budget, you need to figure out what is most important to your family, and what you can do without.

3. Expect the Unexpected

This is the cardinal rule of remodeling. No matter how detailed your bathroom remodeling plan is, something always happens that you didn’t plan for. For example, you could be in the middle of a remodel and you decide that you really want a fixture or feature in your bathroom that you originally did not have in your plan. This could make you go over your target budget, this is why it is recommended that you have a maximum budget.

Your Bathroom Remodeling Plan

The most important thing you can do before you begin the bathroom remodeling process is to have a comprehensive design plan and timeline. You need to make sure that you are fully aware of the commitment of the remodeling project. Your bathroom designer should be able to customize your bathroom according to your needs. Your designer should also be able to give you a realistic timeline for your bathroom remodel. (“Expect the Unexpected” will apply to your timeline as well.) Your designer should be able to help guide you through every situation to ensure that your remodeling goes smoothly and according to your remodeling plan.

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