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Home Improvements That Pay Off

May 15, 2020  , , , , , , ,

Anyone who watches HGTV has visions of reproducing those miracle make-overs in their own home.  But wait!  Not all remodeling projects pay off equally.  Some, in fact, can be a waste of money and time.

Especially now when we are “stuck at home”, you are probably finding many improvements you would like to make to your home.  Whether you live in Los Angeles, San Francisco, or anywhere in between, your home has become your cocoon for the past several weeks.  This can only help point out the flaws of your nest.

While the TV remodels appear to be done with astounding speed, we know that is not always the case for the rest of us.  There are many considerations to examine before you embark on any home improvement, among them is the length of time you plan on staying in your home and the return on investment (ROI) you can reasonably expect when you sell.  And for those living in any counties of the North Bay Area, you know that increasing the home value can be quite beneficial when going to list the home for sale or just increasing your home equity!

Let’s look at just a few of the more common changes and/or additions homeowners think about when they get the “HGTV itch”.

  • Chef quality kitchen:  One 2020 Cost vs. Value Report estimates that an upscale kitchen renovation recoups only 54% of its cost when the homeowner sells.  On the other hand, if you plan to stay in your home for many years, and you love to spend time in the kitchen cooking, maybe the cost is worth it to you.
  • DIY painting:  Prep work is essential to any paint job.  Unfortunately, it is not a job most homeowners enjoy.  This is a job for the professionals.  A paint job not done properly can reduce the value of a home by thousands, so the money spent to have the job done right is well worth every penny.
  • Carpeting:  In general, people are grossed out by carpeting.  No matter how many times it is cleaned, the buyer is suspicious of its history.  Carpeting in a home can drop the selling value by thousands of dollars.  The newer wood available for flooring today is reasonable and attractive, and a much better choice for replacement covering.
  • A swimming pool:  Most people are put off by the amount of maintenance and the cost of upkeep involved in a pool.  For resale purposes, it’s not worth it.  You may never recoup your cost.  If you want one because your family would enjoy it and you would use it often, then put in a pool, but don’t do it hoping to recover your investment when you sell.


To make an informed decision regarding home upgrades, consider the length of time you plan to live in the home, speak to a professional realtor to understand the comparable homes you would be competing with if you were to sell, and get an appraisal to determine how much the upgrades you are considering would a add to the value of your home.

If you are looking to do some remodeling but cannot qualify for a loan from a conventional lender, give Sun Pacific Mortgage a call at 707-523-2099.  We have helped hundreds like you access their equity from their Bay Area home when they were having difficulty getting financial approval elsewhere.

Lead Loan Originator at family owned and operated Hard Money company, Sun Pacific Mortgage & Real Estate "California North Bay Hard Money Loans Specialist!"