Large or small bathroom remodel on a budget? Save with these tips

By Citizens staff

A bathroom remodel can be a great way to freshen up the area where you freshen up. Whether you're looking to improve the functionality or want your space to feel more modern, you have plenty of ways to save. For any project large or small, the following tips can help you complete a bathroom remodel on a budget.

Expected bathroom remodel costs

Your goal for remodeling your bathroom might be to enjoy a modernized, improved space, or maybe you're looking to make some upgrades before putting your home on the market. Regardless of the reasons behind your remodel, you'll need to research various expenses and come up with a budget. Make sure you consider the cost of all upgrades, including plumbing, vanity and cabinetry, shower or tub, sink, tile and flooring, lighting, paint and other decor.

Your actual costs can depend on many factors, such as the size of the bathroom you are remodeling, how much work you plan on doing, the upgrades and finishes you choose as well as your location. Here's a general idea of the overall costs you can expect:

• Up to $30,000 for a main bathroom remodel
• $14,000 to $20,000 for a guest bathroom remodel
• $2,500 to $10,000 for a powder room remodel

However, you may be able to complete a remodel for much less if you make a few strategic choices. The following are a few ideas that could help you complete your bathroom remodel on a budget.

Keep your current layout

If possible, refrain from changes that require you to move electrical wiring, plumbing or walls. These shifts can be very expensive. However, you still might be able to make a few selective modifications that improve the layout. For example, try replacing the sink or vanity without moving any pipes. If you're completing a small bathroom remodel on a budget, you could make the room feel larger by adding mirrors, changing the flooring, repainting or raising the shower rod.

Work with what you have

Reusing is typically less expensive than replacing, especially if you're willing to do the work yourself. Refinishing or painting your vanity or cabinets can be a budget-friendly DIY project that makes your bathroom feel new with minimal costs. Check to see if your tile is paintable. If so, you could paint your bathroom floors a complementary color that makes everything pop. Some DIYers have had success with spray-painting existing hardware like cabinet knobs and towel racks to help save costs and refresh the room.

Know when to DIY and when to go pro

Labor costs can quickly eat up a bathroom renovation budget. Some of your biggest savings could come from taking on the work yourself. A do-it-yourself approach may take longer than hiring a professional, but it may be worth the savings. Common DIY projects include:

• Demolition
• Painting
• Replacing light fixtures
• Replacing plumbing fixtures
• Tiling

Several great videos and tutorials are available online, but be realistic about what you can do based on your experience. For instance, hiring a professional plumber or electrician might make sense because mistakes could be costly and dangerous. You know your own capabilities and confidence best, so use your judgement when deciding what you'll do yourself and when you'll call a pro.

Other ways to save

There are many paths to save money on bathroom remodels depending on your vision, budget and flexibility. Consider the following:

• Look for low-cost upgrades that will pop: Sometimes, a small and relatively cheap change can make a big difference. Try new hardware, towel racks, pictures, wallpaper or lighting.
• Comparison shop everything: You can often find similar products from different stores, including big-box chains, local hardware stores and plumbing supply shops. Compare prices and quality to find the best option. Also, compare bids from contractors before hiring anyone.
• Buy discounted materials: Shop clearance, open-box, slightly damaged and seasonal sales for additional savings. You could also check for bargains online and at local stores that sell surplus or used materials. And check your neighborhood free cycle group for leftover supplies from someone else's project.
• Opt for water-efficient upgrades: If you're replacing a shower or toilet, low-flow options can help you save water and lower your utility bills. You may qualify for local rebates if you purchase eligible products. The U.S. Environmental Protection Agency (EPA) WaterSense Rebate Finder can help you find potential rebates in your area.

Consider a Home Equity Line of Credit (HELOC) to pay for your bathroom remodel and save money on interest over time

If you’re a homeowner with equity or “money put into your home” then you could pay for your home renovation with a home equity line of credit (HELOC) based on the amount of equity in your home and your home’s value. Also, the most popular reason for American homeowners to apply for a HELOC is to use the funds for home renovations/remodeling with interest rates being typically lower in comparison to personal loans and credit cards; saving you money on interest in the long run. As you're planning and budgeting for your bathroom renovation, you'll also want to consider all your financing options. Learn more about the basics of a home equity line of credit (HELOC) and how it could be an option that makes sense for you.

As secured loans, HELOCs tend to offer flexibility, lower interest rates and lower fees than other financing options. You'll receive a credit line based on your home equity. And you'll only be required to pay interest on the amount you borrow during the draw period. A HELOC could be a good fit if you're planning to complete your bathroom remodel in several stages or think you'll want to tackle additional home projects.

Enjoy your bathroom remodel soon

If you're ready to stop daydreaming about a new bathroom, start comparison shopping to find out what you can do with your budget.

And if you're thinking about a HELOC, Citizens FastLine® makes the process quick and easy. You can view your offer in minutes with no commitment and no impact to your credit, and after that the online application can be completed just as easily. A HELOC with Citizens means no application fees or closing costs^†, with money in your account in as little as two weeks after approval.