How much does it cost to replace a bathtub in your apartment?
- by admin
The cost of replacing a bath in an apartment has skyrocketed, with new research from an industry analyst saying that the average cost of a tub replacement is $15,000, up from $7,000 a decade ago.
“You would think the average American homeowner would be looking at this a little bit different, but you’d be wrong,” said Peter Sussman, the CEO of consulting firm IHS Global Insight.
“This is a big deal.”
IHS says that the bathtub cost of $15K in 2014 was an average of $13,000 per tub, with the average price for a bath room in 2019.
Sussmann says this trend is also likely due to the fact that older homes have more bath rooms than newer ones, making it more difficult to upgrade bath rooms.
“In most of the country, bathroom refinishing is now in the tens of thousands,” Sussmans said.
“But this is a significant change from five or 10 years ago.”
Sussmen says that, if the average bath room was $15 million, it would cost $10 million to replace one bathtub.
This is because bathtub refinishments are expensive, but the total cost of the home is not.
Sissman said that in order to be a success, refinishing a bathroom is important.
“It’s like a home that’s been renovated,” he said.
If a home was refurbished in the 1970s and the bath was in good shape, it’s likely that the cost of refinishing the bath is similar to that of refurbishing the kitchen.
But if the bath has deteriorated or was never fully renovated, Sussmas is unsure whether the cost is comparable.
The average price of a bath refinishing would be $3,000 in 2018, but it could be as high as $13K in 2019, according to Sussmon.
Suckling, the American Society of Home Inspectors spokesperson, said that refinishing was a cost-effective approach for many homeowners.
“If you’re getting your tub done, and it’s going to be at a very reasonable price, then it’s probably cheaper than replacing it,” she said.
Sumpkins, the IHS analyst, says the average amount of time a homeowner spends with their tub was estimated to be 3.5 hours, up 1.5% from 2015.
That’s because the average homeowner has two or three baths to wash their hair, wash their face, and change their clothes before going out the door.
Sucksman said refinishing can also help homeowners avoid costly repairs.
“The majority of these things are very minor and you can just buy the items that are required,” he added.
Sinkor said that homeowners should expect to pay between $20,000 and $25,000 for the process.
“We think it’s important that people pay attention to refinishing,” he told CNBC.
Sucker says the cost to maintain a tub is similar, if not lower, than that of a new kitchen.
“A new kitchen is a $40,000 investment and a tub refinishing costs $7 to $9,000,” he explained.
Suckedson says that for most people, replacing a tub costs less than $15.
“I think that you can go with the ‘buy it now’ mentality, because it’s worth it to have that service,” he continued.
“Once you do get it done, the satisfaction is just incredible.”
The cost of replacing a bath in an apartment has skyrocketed, with new research from an industry analyst saying that…