Underfloor heating can and will eat as much as $10/sf (includes the cost of material + installation + ELECTRICIAN). That is added ON TOP of the cost of tile and install. And the In-floor radiant system will raise the floor height - which can be a problem if you leave the cabinets in place while doing the reno.

To hire someone to install FLOORING tiles = $12 - $15/sf (includes labour and materials). This does NOT include water proofing, etc that is needed for the shower wall. That is extra and if you are going to do that part, you will have to learn the ENTIRE tiling profession in a wet area (floors = splash zones...shower walls = wet).

With a $5K budget, you are looking at a more moderate renovation. It would get you a bath change with the surrounding tile being demolished and replaced (assuming you are doing the work yourself). That's about it.

The in-floor heating will cost $10x55sf = $550 just for the heat. Then the cost of tile install = $12x55sf = $660. Just for the floor update = $1210. You are almost 25% through your budget.

The average cost (in the USA) for a bathroom renovation (you will be saving about $1000 by keeping the cabinets) is $35K. That includes the $10K refresh (much less than what you have planned) and the full gut/replace in a high-end master bath for $65K.

The counter top, even if you work with laminate once again, is at least $1000 (includes fabrication + install). You do not have a standard sized cabinetry. You would have to save the sinks and the faucets. The plumber is extra. And you will probably need one. You have to remove the sinks, the tub (that one's easy 'cause you're getting rid of it) and the toilette and the shower components. An electrician will be needed to make sure everything is OK with the removal of the tub (jets).

In my neck of the woods, a Red Seal Plumber or a Red Seal Electrician = $180 per hour. Lets assume 3 hours for each professional = 6 hours of 'professional help' = $180x6 = $1080.

Your 15% contingency = $750 = not enough for a professional to come in and fix what is wrong if you open up those walls/floors and something needs to be dealt with (and we always assume there is something wrong).

With a 1967 house we ALWAYS assume something is horribly wrong behind the walls and under the floors.

Your budget is suggesting you will need to save a bit more for your preferred renovation. Even if you eliminate the in-floor heat you still need several thousand more to get the new tub, new flooring and new tile surround.

I appreciate your professional, experienced opinion on my budget. I had roughly estimated the cost of everything and added a bit more in case I need to hire a professional for anything, and $5k seemed like enough. It also happens to be the amount of cash I'd be willing to spend on it at this moment. I will likely not do the work for another 10 or so months (unless I get sick of going downstairs to take a shower between now and then), so I can probably put another $5k or so towards it. I'm not specifically trying to be cheap as much as I just want to be responsible with my finances. I also don't want to go too upscale with it since it's only a $330k house, slightly higher than the average in my neighborhood. I will seriously consider replacing the vanity, but I'd like a new one to be oak to remain consistent with the rest of the house.

I am going to buy a bath shower combo piece + the cost to install and leave the rest of the bathroom as-is. I've asked Customer Support to delete this post.