In the United States, we are currently experiencing a relatively stable rate of inflation from year to year, with the past 4 years between 1.9 and 2.3. What that means in terms of a bathroom renovation is that a $40,000 renovation today could cost you nearly $1,000 more next year if all things stay the same. This is based on our overall economy, and it is quite likely that residential construction and renovation costs could continue to see even higher increases. Therefore, you can save money by taking care of your bathroom renovation this year rather than waiting. While saving money can be a powerful motivator to tackle your bathroom renovation this year, there are several other reasons why now might be a good time to proceed.
Another powerful motivation for doing a bathroom renovation is to create a personal escape. The effects of stress on health are widely touted in the medical arena. If you can reduce your stress by retreating to your newly renovated bathroom at the end of the day for a relaxing soak or a long, hot shower, the investment will be well worth it.
Speaking of a bathroom renovation being an investment, if you have an outdated bathroom and hope to sell your home in the next couple of years, you could face a lower selling price than you hope and it could sit on the market longer.
Other benefits of a bathroom renovation to consider are the ability to gain more storage space, have a more functional space for a growing family’s needs, water-saving faucets and toilets, and, perhaps the best reason of all – you want a beautiful space to start your day in!
Give us a call at The Bath Shop if you’d like to get started with a bathroom renovation project. We offer three tiers to get you started: Boutique, Luxe, and Elite. Of course, we put you are in the driver’s seat for getting the dream bathroom you envision.