Now might be right time to renovate your bathroom — even at $143K

Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

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Oct 26, 2023

1 month ago

Homeowners have paused on major remodeling due to inflation boosting costs for materials and labor, but things have calmed down in the past year, and now might be a good time to take on such a project, The Wall Street Journal reports.

The national average for a bathroom remodel is $24,606, according to Zonda, a residential construction data analyst. But it has become easier to negotiate lower labor costs now since competition for contractors has declined, and material prices have decreased over the past year.

And if you’re feeling like you need to treat yourself, the sky’s the limit. One couple spent more than $143,000 to remodel the bathroom in their Bel-Air home – creating a 170-square-foot suite out of a dressing room and bathroom that includes a walk-in closet, a shower/tub room, plus a higher ceiling. Features that cost more were $7,000 for a wall-size shower door and $7,100 for black polished-nickel taps.

“When you walk in, it feels really calming, designer Lisa Kanegae told The Journal.

Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.