This response may be coming a bit late but thought I would share my thoughts. I have found over the years that contractor bids can be all over the board and span the $$ horizon. I know people who organized the various workers for their own bathroom remodels who spent $10k-$15k. I had another client who just installed a bathroom where one did not exist previously (so they had to dig up the sidewalk/garage floor and install lines) and it was well under $30k. Finishes also play a role in cost.
Contractors' estimates can also vary depending on how busy and how hungry they are. I have found the busier they are, the higher their estimates. The slower they are (like tin the 2009-2010 downtown), the lower their estimates.
Rich Bennett, Realtor
Zephyr Real Estate
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Flavio Tejada, MBA-Finance, Realtor, Broker/Owner
TV shows are very inaccurate in their pricing, especially for someone who lives in an expensive area like San Francisco, so I would not suggest using them as a reference point.
Bathrooms in SF can cost upwards of $50K, but can also be much less expensive if you choose cost over finishes in your design decisions. Of course, adding a bathroom outside of the current footprint of your home will be much more expensive than adding one within your current home.
I regularly work as an independent contractor with a LLC that designs and renovates homes, and work closely with architects and general contractors in SF to do similar renovations. I'd be happy to give you some recommendations and referrals. Feel free to contact me at any time.
perhaps getting more bids on it would be ideal. Perhaps you can find a few more at reliableremodeler.com or angieslist.com did any of the current bids itemize the job, showing Why it would cost this much? For example, do you need to run a new sewer line or alter something due to new code?
All the best,
Alena | http://www.twobyfourconstruction.com/Bathroom_Remodels_Deck_
You may want to check out the new Real Cost Finder, http://www.houzz.com/remodeling-costs/bath, that Houzz launched, which is a partner of Trulia. It has costs for remodeling across the US based on actual projects that homeowners recently completed - it shows a:
bath remodel in SF averages $25k with the most expensive 5% costing $69k.
Given the scope of your work it may be at the higher end of this, but sounds close to your $60k target budget.
Houzz also has a pretty extensive list of contractors and you can search for bath remodelers in SF. Good luck!
Best of luck!
Climb Real Estate
Senior Sales Associate
Depending on whether you're extending the footprint of your home, moving walls around inside the existing structure and also taking into consideration the plumbing and electrical needs, a bathroom could be added for anywhere from 15-100K.