Break Down the Budget
Once you choose to go ahead with your renovation plans and decide on an overall amount you can spend, you should sit down and figure out where each dollar will go. Most of the time, you can bet that labor will cost about a third of the budget. Unless you’re planning a more superficial update—painting, updating hardware, swapping the shower curtain and more—you should pay an expert to handle the brunt of the hard work.
Then, you can figure out what you must include and what you can cut if money’s tight. In most cases, you should eliminate luxurious extras if money’s running low—you’ll need new tile, but you won’t need a steam shower. If you’re going all out, you could include these extras, as well as foundational updates such as new plumbing, windows or even electrical rewiring.