A bathroom remodel can significantly increase the value of your home, and Denver homes are no exception. Bathrooms are a crucial part of a home sale, and buyers have a minimum number of desired baths in mind. Remodeling your bathroom can increase your home’s value by up to 20%, depending on the extent of the renovation. But how can you ensure that your bath remodel will increase your Denver home’s value?
The Average Cost of a Bathroom Remodel in Denver
The cost of a bathroom remodel in Denver, CO, varies depending on several factors such as the size of the bathroom, materials used, and the extent of the renovation. The cost can range from $25,000 for midrange bath remodels to over $76,000 for upscale remodels. On average, a mid-range bath remodel in Denver costs around $25,000, according to Remodeling’s 2023 “Cost vs. Value Report.”
Recouping Your Bathroom Remodeling Expenses in Denver
A bathroom remodel can recoup approximately 34% to 60% of the cost put into the project, according to Remodeling’s “Cost vs. Value” 2023 report. The biggest factors that increase a home’s value include updating worn-out items, modernizing fixtures, and creating a more functional space. Therefore, it is crucial to ensure that your bathroom remodel in Denver addresses these factors.
Top 3 Bathroom Projects with the Best ROI in Denver
If you want to remodel your bathroom in Denver but have a tight budget, several smaller projects can get you the best return on investment (ROI). The following are the top three bathroom projects with the best ROI:
- Tub/Shower: Particularly with a main bathroom, the current trend in Denver is to pull out the bathtub and install a larger, walk-in shower. Doorless showers are in vogue, as are “statement showers.” Soaking tubs are still a valuable option if there’s space, but whirlpool jet bathtubs are on the decline and may not help a bathroom remodel increase home value.
- Vanity: Updating the vanity is one of the best projects to do for the biggest return regarding a bathroom remodel increasing home value. Most homebuyers in Denver are looking for vanities that hit a comfortable height and have granite countertops. Therefore, it is crucial to pay close attention to your material costs.
- Flooring: Replacing the flooring will go the farthest in giving your bathroom a new overall appearance. Inexpensive porcelain or ceramic tiles, or even vinyl, can be engineered to look like classic wood or stone.
Making Every Dollar of Your Bathroom Remodel in Denver Count
Although you’re not guaranteed to get back every penny you spend on a bathroom remodel at resale, a fresh, updated bathroom will get buyers’ attention, will likely increase your home’s value, and bring joy to you while you enjoy the space as a homeowner in Denver. Keep it simple and inexpensive rather than going crazy with the highest-end finishes, and it will be a project you won’t regret. For all of your Denver bathroom remodeling needs, reach out to West Shore Home®. Our team of experts will guide you through the process and provide you with a bathroom that will increase your home’s value and meet your needs.