Advice on bathroom remodel

[Tim Youse]

Looking for some advice on a bathroom remodel. Trying to decide if I should spend extra on the bath or go cheap. 

Link to pics: https://imgur.com/a/coVMEqK

For the cheap route, the GC suggested this:

• Remove wall mounted medicine cabinet
• Match tile where the cabinet was removed
• new vanity, faucet, toilet and mirror
• new door
• laminate sheet floor
• epoxy paint the surround, tub and all wall tile to white
• new light, exhaust fan and HVAC register
• relocate light switch and add GFCI outlet

I'm a little worried that the cheap makeover wont fly if I ever decide to sell the property in the future. So I'm wondering if it's worth it to spend the extra now to knock out all the old tile and just tiling around the tub and drywalling the rest of the room.

Thoughts?