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Refinishing a bathtub is worth it if your tub has minor damage or is a color that you don't like. The cost of replacing a bathtub is more expensive than simply refinishing one, averaging around $5,300. It's more cost-effective to refinish your tub if you can, but it also gives you the look of a new bathtub without having to replace the whole thing.

Rust in your bathtub occurs when iron in the water or on metal components in your tub are exposed to oxygen, but while it’s unsightly, it won’t make bathing dangerous. However, if the rust appears under or around your tub spout or shower head, it could indicate that you have high levels of iron in your water. Drinking water with small amounts of iron in it usually doesn’t pose a health risk, but you might want to consider installing a water softener. The presence of iron could indicate that you have hard water, which can create some plumbing issues.

If you don’t caulk your bathtub, then there won’t be a watertight seal between your bathtub and the wall tile surrounding it. As a result, water can seep into the wall and the floor and cause the perfect breeding grounds for mold and mildew. Not only does this require costly repairs, but mold can be harmful to those breathing it. 

Reglazing a bathtub is worth it if your current tub is in good condition and needs to be refinished or reglazed to bring it back to its shiny, smooth glory. While battered bathtubs might need to be refinished, bathtub refinishing is worth it, too, because it can make tubs with surface imperfections, shallow cracks and scratches, and staining look like new. Reglazing a bathtub is less expensive than refinishing, and both are less than the cost of bathtub replacement.