There are several ways to save money on a bathroom remodel through proper planning and savvy design strategies. To reduce costs, consider the following:

• Purchase your own materials: Buy your own bathroom fixtures, hardware, and other materials to avoid contractor upcharges and delivery fees.

• Shop smart for big-ticket items: Save on pricey items like tiles and tubs by shopping sales and at discount stores.

• Avoid major layout changes: Keep plumbing in its current location. Opt to replace fixtures rather than moving them to avoid significant renovation work.

• Focus on high-impact, low-cost updates: Make affordable but impactful smaller changes, such as upgrading hardware, installing new lighting, and adding stylish but economical accessories.

• DIY where possible: Handle easier parts of the remodel yourself, like painting or installing light fixtures, to save on labor costs.

• Time your remodel strategically: Consider remodeling in the spring, which tends to be a lower-demand time of year and may result in lower costs.

Alcove tubs come in fiberglass, acrylic, or enameled steel. Fiberglass is the most affordable but least durable, while acrylic is the highest-end and most durable (as long as you don’t go with a poor grade of acrylic, which will be prone to scratches). Enameled steel, where a steel tub is coated in a layer of porcelain, is a wallet-friendly middle ground. This material is highly durable but prone to chips.

The cost of installing a new bathtub is considerably more expensive than refinishing an existing one, so if you’re looking to upgrade your tub on a budget, you might be better off refinishing it for now. Additionally, if your tub has only minor damage, refinishing it will make it look new again without the extra demolition and time. 

Whether replacing a bathtub with a shower affects your home's value depends on several factors, with the most significant being whether it's the only tub in the house. Removing the sole bathtub can lower a home's value because many prospective buyers, particularly families with young children or pets, require at least one.

However, a tub-to-shower conversion can also increase home value. A modern walk-in shower is often seen as an upgrade in a secondary bathroom and can be a desirable feature for its accessibility and style, appealing to older homebuyers or those without children. The overall impact is also influenced by your local real estate market and its typical buyer demographic.

If your bathroom layout allows, installing both a freestanding bathtub and a separate shower can be an ideal solution that appeals to the widest range of potential buyers.