LONDON, UK. 22nd February, 2024 - Recent data reveals a significant surge in bathroom renovation costs across the UK. According to Luke Polach, CEO of Buildiro, the average cost of updating a bathroom has risen substantially compared to previous years.
"With careful planning and the right materials, a bathroom renovation can offer an excellent return on investment," states Luke Polach, CEO of Buildiro. However, he warns of the crucial need to consider the escalating costs of materials, which have recently surged. For instance, moisture-resistant plasterboard, a fundamental component of any bathroom renovation, has seen an average price increase of 15% compared to the previous year.
"The average cost of a bathroom remodel in the UK in 2024 reflects the changing prices of materials," Polach explains. "A standard bathroom update that cost £2,000 last year may now be closer to £2,300, primarily due to increases in raw material costs.
Currently in the UK, the costs of materials, fixtures, and fittings for small bathroom remodels vary considerably. A breakdown of typical expenses includes bath installation, ranging from £100 to £800, shower installation, priced between £350 and £500, and walk-in shower installation, with costs spanning from £200 to £1,100.
Buildiro's analysis highlights specific material cost increases, such as hardwood plywood, which has risen from £34 to £42 on average. Interestingly, some materials, such as a 25kg plaster bag, have managed to maintain their price point, offering some stability in budgeting for certain aspects of remodelling. Despite some materials maintaining stable prices, others such as CLS Timber 2.4m have also experienced significant jumps, going from £2 to £3.50 on average.
Polach suggests when trying to gauge the true cost of a new bathroom, you should consider the following;
"With careful planning and the right materials, a bathroom renovation can offer an excellent return on investment," states Luke Polach, CEO of Buildiro. However, he warns of the crucial need to consider the escalating costs of materials, which have recently surged. For instance, moisture-resistant plasterboard, a fundamental component of any bathroom renovation, has seen an average price increase of 15% compared to the previous year.
"The average cost of a bathroom remodel in the UK in 2024 reflects the changing prices of materials," Polach explains. "A standard bathroom update that cost £2,000 last year may now be closer to £2,300, primarily due to increases in raw material costs.
Currently in the UK, the costs of materials, fixtures, and fittings for small bathroom remodels vary considerably. A breakdown of typical expenses includes bath installation, ranging from £100 to £800, shower installation, priced between £350 and £500, and walk-in shower installation, with costs spanning from £200 to £1,100.
Buildiro's analysis highlights specific material cost increases, such as hardwood plywood, which has risen from £34 to £42 on average. Interestingly, some materials, such as a 25kg plaster bag, have managed to maintain their price point, offering some stability in budgeting for certain aspects of remodelling. Despite some materials maintaining stable prices, others such as CLS Timber 2.4m have also experienced significant jumps, going from £2 to £3.50 on average.
Polach suggests when trying to gauge the true cost of a new bathroom, you should consider the following;
● If the bathroom is a renovation or a new-build installation.
● The size and scale of the bathroom suite.
● The type of tiling or flooring you choose.
● The heating choice such as radiator or underfloor heating.
● Whether you really want to add a stand-alone tub, a waterfall shower, or convert the suite into a wet room.
● If you need to change the window position or doorway to accommodate larger bathroom suites.
● The labour cost and your timeframe for the installation and refurb project.
Polach also sheds light on interior design trends shaping the cost landscape of new bathrooms in 2024, which have a focus on sustainability over a rip-out and brand-new style, which is great news for your bank account.
Moreover, as sustainability becomes a key focus in interior design trends, Polach notes that eco-friendly materials and water-saving fixtures are gaining popularity among UK homeowners. While features like smart showers and heated floors enhance convenience and energy efficiency, careful consideration is crucial due to their potential impact on project costs.
Tiny homes also have their advantages, and small bathroom remodel costs are far less than larger properties. Since there is far less material required, less labour is needed and so the cost of this type of refurb is pretty affordable.
Understanding the market changes and planning accordingly is vital for a successful renovation. Polach advises, "Always research the latest prices as you begin your bathroom project. Using Buildiro can provide up-to-date information to help manage your budget effectively despite market fluctuations."
To assist homeowners in navigating these challenges, Buildiro enables customers to compare current prices from various suppliers, ensuring they secure the most cost-effective options for their bathroom renovation materials.
By comparing prices on Buildiro, you can make informed decisions and possibly offset some of the increased costs by finding the best deals available, ensuring that your bathroom renovation is both beautiful and economically viable.
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