That avocado-green bathroom from 1987 isn't charming - it's costing you money. But before you start ripping out tiles, you need to know what you're getting into. Bathroom remodels vary wildly in cost, and understanding the numbers upfront can save you from budget disasters and unrealistic expectations.
A basic refresh - new vanity, toilet, paint, and fixtures - runs $8,000-$12,000 for a standard 5x8 bathroom. This gets you updated, functional, and modern without moving any plumbing. Go mid-range with custom tile, better fixtures, and improved lighting, and you're looking at $18,000-$25,000. Full luxury remodels with high-end everything? $35,000-$50,000+.
The return on investment matters more than you think. A mid-range bathroom remodel typically returns 60-70% of its cost when you sell. That $20,000 investment adds about $13,000-$14,000 to your home's value. Not a money-maker, but it prevents your home from sitting on the market while buyers walk away from that dated bathroom.
Where most people overspend: exotic tile ($15-$30/sq ft vs $3-$8 for standard), custom vanities ($2,000-$4,000 vs $800-$1,200 for prefab), and luxury fixtures. Unless you're in a high-end home, buyers won't pay extra for gold-plated faucets. Focus on quality basics that look current.
The smartest move? Get multiple detailed quotes before starting. Contractor pricing varies dramatically for identical work. Some charge 40-50% more than others for the same result. Three quotes minimum, and make sure they include identical materials and scope. The cheapest isn't always best, but you'll spot who's overcharging.