Bathroom costs range from about 1000 pounds (including installation) to 60,000 pounds for a
luxury bathroom (marble flooring, steam units, stone bath, sauna, whirlpool, rainbars, aqua televisions). Such a cost
will normally mean borrowing the money. Lenders in the current climate are very willing to loan money
based on home improvements. I saw an interesting
article
about this.
Raising Finance
Home Improvement loans, credit card borrowing, further advances from mortgage lenders, and re-mortgages, are all
common ways to pay for a new bathroom. A new bathroom will increase the value of your home, so it is more like
an investment. Of course, the bathroom should reflect the property.
So a 60,000 pounds bathroom in a 100,000 one bedroom
flat is not wise as the flat will have a maximum value regardless of the interior. A cost of 5,000 to 10,000 pounds seems
reasonable for a 100,000 pounds flat. Most of the cost in renovation is for the bathroom and kitchen.
