Renovating in Canberra
Bathroom renovations are one of the best ways to add value and improve the functionality of your home. However, one of the biggest concerns for homeowners is how much a bathroom renovation will cost. In this article, we'll explore an estimated breakdown of the costs associated with bathroom renovations in Canberra, as well as how much value a bathroom renovation can add to your home.
In Canberra, the average cost of a basic bathroom renovation can range from $25,000 to $35,000, depending on the scale of the project and the materials used. This involves updating the fixtures and fittings, such as the sink, toilet, showerhead, and lighting. A mid-range renovation can cost between $25,000 and $35,000, which includes replacing the flooring, tiling, cabinetry, and adding features like a bathtub or a larger shower. A luxurious bathroom renovation can cost upwards of $40,000, including premium finishes, custom cabinetry, and high-end fixtures and features.
While the cost of a bathroom renovation can seem daunting, it's important to remember that it's an investment in your home. According to the 2020 Cost vs. Value report, in Canberra, a bathroom renovation can add an average of 8-12% to the resale value of a home, depending on the scope of the project. This means that a bathroom renovation has the potential to recoup much of the renovation cost, making it a smart investment if you plan on selling your home in the future.
In addition to providing a good return on investment, a bathroom renovation can also improve the functionality and enjoyment of your home. An updated bathroom with modern features not only looks great, but it can also provide increased comfort and convenience for you and your family. It can also create a more relaxing and luxurious environment, making it a pleasant and inviting place to unwind after a long day.
On top of that, renovating your bathroom can also save you money in the long run. Upgrading to energy-efficient fixtures and appliances can significantly reduce your water and energy bills, while also being better for the environment.
In conclusion, a bathroom renovation is an investment that can add significant value to your home while improving your quality of life. It's important to work with a trusted contractor or interior design team to ensure that your renovation is executed efficiently, with quality materials and precision workmanship. Contact us today to start discussing your vision for your dream bathroom renovation and receive an accurate cost estimate.