Remodeling a bedroom can be as simple as new paint and furniture, or as complicated as adding several hundred square feet of space. What your home needs, what your family needs, and what you can afford will be the primary factors in deciding which type of remodel to complete. Let’s break down various types of bedroom renovations and how you can create the right budget for you.

Pre-planning your bedroom remodel

Before you plan you budget, determine what it is your family and your home needs. Is this bedroom simply for the occasional guest or do you need an extra bedroom for children or extended family? Is an extension on the home needed to accommodate a full master suite with an additional bathroom? Once you’ve decided what your home needs, check out what other homes in your neighborhood have spent on additions or home improvement projects. Even if you plan on staying in your home for a long time, it’s always smart to consider the resale value of your home and keep your home competitive on the market. If most of the homes in your neighborhood are 4 bedroom, and you only have a 2 bedroom, a bedroom addition will most likely keep your home competitive in the market. You’ll also want to make sure you have enough bathrooms for the number of bedrooms in your home. Go to Realtor.com and download the free Porch Home Reports for listed homes near you.

The master bedroom addition

National average costs for a master bedroom remodel

If need to building an addition for a full master bedroom with en suite, the price of a remodel will be substantially higher than if you’re to simply improve an existing space. According to Remodeling Magazine, a mid-range master suite addition costs on average $103,844. The project has a return on value of 67.5% and includes the following projects:

  • 24×16 square foot addition on to the home
  • walk-in closet
  • whirlpool tub
  • 3×4-foot ceramic tile shower
  • double-bowl vanity with solid-surface countertop

A high-end master suite addition is much more expensive, costing the average homeowner $224,989. This project has a return on value of 56% and includes the following additions:

  • 32×20 square foot room
  • custom bookcases and built-in storage with millwork details
  • high-end gas fireplace with stone hearth and custom mantle
  • a large walk-in shower with dual-shower system, stone shower walls and floor, and custom frameless glass enclosure
  • corner-design whirlpool tub bordered on two sides by windows and built into granite or marble platform with custom cabinet front
  • two sinks in separate custom vanities with stone countertops and large mirrors
  • 5-foot-long hospitality center with bar sink, under-counter refrigerator, custom cabinetry, granite or marble countertop, and microwave
  • soundproofing, in-floor heating, custom wall finishes and hardware
  • general and spot lighting, and lighting controls

How to set your budget for a master suite addition

Obviously this type of bedroom remodel is both extensive and expensive, and doesn’t necessarily have a strong return on value compared with other home improvement projects. However, this type of addition contributes a new bedroom to the home as well as another full bathroom. In the examples above, the master suite is added to the first floor; which is a great location for homeowners interesting in staying in their homes for a long time and aging in place. This type of master suite addition would definitely entail hiring a professional contractor or designer to oversee the project design, management, hire the crew, obtain permits and monitor the schedule. Other costs to consider are permitting costs, structural and excavation costs, increased time to complete this project, possibly moving out of the home temporarily and other unexpected costs that are a normal part of this type of addition.

The converted attic bedroom

National average costs for an attic bedroom conversion

A common bedroom addition is converting an unfinished attic into a bedroom that includes a bathroom. Like the master suite addition, this other type of bedroom remodel is a fairly extensive. Most attics don’t have the head room, HVAC or plumbing required for a bedroom and bathroom, so all of this may need to be added. According to Remodeling Magazine, the national average cost of an attic conversion is $49,438 and has a return on value of 84.3%, making this project a fairly high return on value for your investment. This project includes the following additions:

  • 15-by-15-foot bedroom
  • 5-by-7-foot bathroom with shower
  • 15-foot shed dormer, four new windows, and closet space under the eaves
  • insulate and finish ceiling and walls
  • carpet floor
  • extend existing HVAC to new space
  • electrical wiring and lighting to code
  • retain existing stairs, but add rail and baluster around stairwell

How to set your budget for an attic bedroom addition

Again, this type of addition not only added another bedroom to the home but also a bathroom, potentially increasing the value of this home. This type of project would also involve hiring a professional who could design the addition, manage the subcontractors, obtain the proper permits and manage the entire scope of the project. Additional costs might entail reinforcing the flooring, making structural improvements, fixing existing issues with the attic and other unexpected costs.

A minor bedroom remodel

If you have an existing bedroom, and simply need to make upgrades, improvements, or changes, this would be considered a minor bedroom remodel. This type of remodel may include the following:

  • repainting or wallpapering walls
  • replacing trim and moulding
  • replacing windows
  • replacing carpeting or flooring
  • updating furniture and furnishings
  • updating the closet
  • updating lighting fixtures

Some homeowners may also want to upgrade or remodel the en suite bathroom. This of course would make this bedroom remodel more complex and expensive. In general, a minor bedroom remodel can cost anywhere from $500 – $8,000 and depend greatly on the extent of the remodel, the materials used and who will perform the work. Some of these upgrades might be an easy DIY, others should be performed by a professional. Be sure you spend time planning out exactly what it is you need, how tight your budget is, and be realistic about what time you can commit to doing this project yourself.

Decide who will manage the budget during your bedroom remodel

Managing the budget, and monitoring where your money is going, is always the responsibility of the homeowner. Any remodeling project, like a bedroom remodel, can quickly end up larger (or more expensive) than originally planned. Having a clearly mapped out budget, along with materials, due dates and subcontractors will serve as a guide. As a homeowner, regularly check in with your budget line items to ensure that you are honoring the budget. If you are working with a general contractor or another professional, you’ll still want to check in on an ongoing basis to see where the money is being spent. This is the best way to head off issues before they get out of control.

Top image credit: Hyde Evans Design