The mater bathroom continues to become more lavish as homeowners renovate their space, says MarketWatch reporter Daniel Goldstein. The American Institute of Architects predicts that in 2016 as much as $350 billion will be spent on home remodeling jobs, with most home owners spending between $5,600 and $13,000 on bathroom remodeling. Homeowners are opting to upgrade their master bathrooms over other rooms in the house, even kitchens.
“What we’re seeing now is master bathrooms and master bedrooms being almost the same size,” said Allison Greenfield, partner at Lionheart Capital in Miami which is developing The Ritz Carlton Residences in Miami Beach. Greenfield said a 600-square-foot bathroom isn’t out of the ordinary anymore for luxury developments like hers, which feature floor-to-ceiling stone, recessed LED lighting, hidden vanities and enclosed-glass rain showers. “It’s not really a shower, it’s like a wet room,” she said. “You are in your own world of water.”