The $65,000 Bathroom Remodel - Unbelievable Story
The first bathroom that I ever remodeled cost $1800. That
was a new bathtub, flooring, cabinet, sink, faucet, toilet, tiled tub
surround and bathtub fixtures. Oh yeah, that included all of the labor
and demolition also. $65,000 for a bathroom remodel, you've got to be
out of your mind. I know that's what you're thinking, but there’s more.
My dad bought his first house for $9,000 and a second house for $29,000
and his third house for $125,000. My dad's $125,000 house is worth about
$600,000 today so I guess he could afford to put a $65,000 bathroom in
it, couldn't he.
It's hard to imagine that my dad could have bought his first and second
home, plus another house similarly priced, for about the same price
these people paid for one bathroom remodel. Does this mean that 20 years
from now, people will be paying over $100,000 to have their bathrooms
remodeled? Unbelievable and the numbers are continuing to grow as
building material and labor prices keep climbing.
I didn't work on the project, a friend of mine was telling me about it.
I asked him if I could get a picture of it or actually see it. He said
that he would have to get back with me on that and later on, he told me
that I couldn't see it and they didn't want me to see any pictures of
the project, because I was the competition. Whatever…
I understood where they were coming from, even though I wouldn't have
done that to another contractor. I often wonder what that $65,000
bathroom looked like, even though I never got to see it. I still can't
imagine someone paying $65,000 to have their bathroom remodeled, but I
don't think it will be long before your average bathroom remodels are
ranging between 30 and $70,000.
If you're a homeowner thinking about having your bathroom remodeled in
the future, you might want to do it before the prices become
astronomical.