A small bathroom might feel cramped and hard to work with -- and it might feel like it's just too much of a hassle or too expensive to remodel. However, there are a lot of low-cost investments you can make in your small bathroom -- investments that will pay back over time without requiring you to gut the room. There's no need to spend thousands of dollars on a remodel when you can make smaller improvements and get the same result.
Small Bathroom Improvements
There are many affordable bathroom improvements, some of which include:
Install a faucet
|$150 - $340|
|Install crown molding||$700 - $1,050|
|Install recessed lighting||$160 - $300|
|Install cabinets||$2,000 - $7,500|
|Paint walls||$950 - $2,500|
|Paint crown molding||$350 - $600|
|Install ceramic tiles||$900 - $1,300|
|Install a shower enclosure||$1,000 - $2,500|
|Install a bathroom fan||$200 - $350|
|Install a bathtub||$900 - $2,300|
*These are estimates from HomeAdvisor's Cost Guide, as reported by actual homeowners.
These improvements will significantly improve your small bathroom, whether you spend $500 or $5,000. Adding a new cabinet, for example, will increase your storage space. And painting your small bathroom will allow you to revitalize its appearance without having to knock down the walls. Choose the improvements that will do the most for your bathroom's appearance within your budget.
How Small Bathroom Improvements Pay Back
According to Remodeling Magazine, the return on investment (ROI) for a mid-range bathroom remodel in 2015 was 70%. This means that completely overhauling your bathroom pays back almost three-fourths of what it costs. But you'll see a return on your improvement investment even if you don't completely overhaul your small bathroom.
Here are some of the other ways your small bathroom improvements will yield a payback:
â€¢ A new small bathroom for a fraction of the cost of gutting the room.
â€¢ Upgraded appliances and more space and storage, depending on what you invest in.
â€¢ Increased appeal to homebuyers when you go to sell your home down the road.
â€¢ The opportunity to make green home improvements, which pay back in utility bill savings. (For related reading, see "Ways To Slash Your Home Energy Bill" on Investopedia.com.)
By learning more about small bathroom remodeling costs and comparing them against your potential return on investment, you could realize a lot of savings, and pinpoint upgrade opportunities and other areas for improvement. Consider looking at recycled products and secondhand stores to save money on bathroom fixtures.
The Bottom Line
Small bathroom remodeling can be simple or extensive, depending on your time and budget. If you're unsure about how to start with your small bathroom project, speak with a remodeling professional. He or she might suggest some money-saving options or DIY projects, while other projects might best be left to the experts.