(ARA) – Looking to revamp your bathroom but worried about a monumental price tag? Want to freshen your space and still be able to afford that trip to Hawaii? We don’t blame you. The average cost of a bathroom remodel tops $16,500, according to Remodeling Magazine’s Cost vs. Value report. But you don’t have to spend the average to achieve above-average results when it comes to updating a bathroom.
Generally, people renovate or remodel bathrooms for two main reasons: to boost their home’s resale value, and to enhance their own enjoyment of the room. A bathroom renovation yields a 62 percent return on investment at the time of resale, Remodeling Magazine’s report indicates. How much more will you enjoy that ROI – and the improved livability of your bath – if your initial investment was just $1,000, rather than tens of thousands?
Fortunately, the bathroom is one room in the house where you can accomplish a lot with $1,000. Here are four updates and upgrades that cost less than 10 Ben Franklins, but can leave you feeling like a million bucks when you step into your new bath.
1. Redo walls and floors
The key to bringing this job in under $1,000 is to do the work yourself. The actual materials – paint for the walls and tile, stone or vinyl for the floor – can be purchased for a relatively low cost. By doing the work yourself, you avoid high labor charges. Most bathrooms require only a gallon or two of paint, so you can easily stay on budget even if you purchase a high-end brand. It’s also possible to find plenty of cost-effective flooring options, from luxury materials like marble to more economical ones such as ceramic tile or vinyl. After the materials, your second biggest investment for this project will be the time it takes to learn how to do the job right. Fortunately, you’ll find plenty of educational material online and many home improvement stores even offer free classes in how to lay new floors.