Budgeting for Your Bedroom Remodel(page 1 of 2)

How much will your master bedroom remodel cost? Let HGTV Remodels' experts help you plan your retreat while staying within your budget.

RS_Mary-Jo-Fiorella-Blue-Bedroom_s4x3 Designer Mary Jo Fiorella recruited family members to help her with the budget-friendly redesign of her Castro Valley, Calif., master bedroom.

How Much Should You Spend?

How much money you'll spend to give your master bedroom a fresh look depends many factors, including the remodel's scope, where you live and unexpected problems that arise during construction. Costs for different types of projects vary widely, and the features you choose can be as expensive as your budget allows.

"Remodel costs tend to run about $110 per square foot, but that is like talking about the average cost of a car," says Susan L. Miner, ASID, a Palmer Lake, Colo.-based interior designer. "It really depends on how many bells and whistles you add."

"The cost of additions and renovations vary so much because of variables such as any water damage or mold remediation that might need to be done," says Claire Tamburro, ASID, of Tamburro Interiors in Washington, D.C. "Unforeseen conditions often arise once walls, floors and ceilings are exposed."

A master bathroom expansion, including a dual bath, can range from $10,000 to $30,000 if repurposing an existing space, experts say. Ripping out an interior wall to combine two bedrooms into a master suite will cost less than constructing adding to your house via a bump-out, which involves removing exterior walls, or adding a second story onto your home, which can require a reworking of your home's foundation.

Oh, So Suite

"If you're adding a walk-in closet within your home's existing footprint, the total cost can be between $7,000 and $15,000, says Valerie Steil, ASID, of Marc T. Neilsen Interiors in Valparaiso, Ind.

In the San Francisco Bay area, where Michael McCutcheon does most of his projects, master suite remodels cost an average of $100,000, a high-end project, $250,000. "At the high end, we see large master suites with elegant baths and furniture-grade cabinetry in the closet area," says McCutcheon, president of McCutcheon Construction in Berkley, Calif. and member of the National Association of the Remodeling Industry. "Exterior access, or at least great views, are also highly desirable. High-end baths often have features such as heated floors, steam showers with built-in benches, sound systems, exotic toilets.

"Really nice closets with furniture-grade cabinets can easily cost $100,000 by themselves. Add another $100,000 for the master bath," he says. "Add in a deck or doors or windows and nice furnishings, and you get to $250,000 in a hurry."

If you're replacing furniture, window treatments and bed linens, you'll find a wide range of prices, says Christine Baumann, ASID, of Christine Baumann Interiors in New York City. Outfitting your space with custom pieces will run you about $20,000 on up, while replacing your old furnishings with ready-made items will generally cost between $5,000 and $7,500, she says. It's important to keep in mind, she adds, that once your new, larger bedroom is furnished, you'll need to make sure your furnishings look appropriate in the new space.

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