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Adding Equity to Your Hawaii Real Estate Investment with a Home Renovation Under $450k

Buying a home and remodeling it can be a great way to get exactly what you want, and instantly add equity to your investment. Typically, kitchen remodeling will give you one of the highest home remodeling returns, at about 80-100% return on your investment. My home in Pualani Estates was appraised at $346,000 when I purchased it for $325,000 in 2010. It was appraised at $430,000 in November 2012. Not only do I have a house that is now everything I want, but I’ve increased the value of my investment.

Frustrated Trying to Find all the Right Home Features?

I know how you feel, and here’s what I discovered. Some of these homes offer tremendous opportunity for expansion! Let me tell you what I did…

After a long search, I finally found an affordable home on a cul-de-sac with stunning panoramic ocean views that I had always dreamed of. It was almost perfect, however, the floor plan just didn’t meet my needs. Having creative vision and seeing the opportunities this home offered, my wheels started turning when I walked through the door for the first time.  

I wanted a home with a larger living room and an open kitchen with an island and better flow. The master bedroom was too small, and I wanted to enjoy the amazing view from under a covered lanai. With a little remodeling, this could become the perfect family home at an affordable price.

Kitchen “before”

kitchenremodel

Kitchen “after”

Renovating Your Home on a $450K Budget

With an approximate budget of $450,000, my plan was to:

  • Expand the living room 7 feet and add a second 6 ft. sliding door
  • Add a covered lanai and stained concrete slab
  • Expand the master bedroom and add a new 5 foot sliding door onto the lanai
  • New wood flooring
  • Upgrade to new stainless steel appliances
  • Add a kitchen island
  • New quartz countertops
  • Refinish existing cabinets
  • New kitchen backsplash
  • Add an upstairs lanai and sliding door off the bedroom

 

Living room “before”

Living room “after”

Pualani Estates’ convenient location made shopping easy with Lowes only 2 miles away, and a Home Depot to choose from and price compare items. It was exciting to see each day’s progress, and our vision taking shape day by day.

Why Pualani Estates?

Pualani Estates on the Big Island of Hawaii, located in Kailua-Kona, is a dream location offering million dollar views for under $450,000. Views from some homes offer panoramic views to Kailua Bay and beyond. Enjoy year round sunsets over the warm Pacific Ocean.

Pualani Estates View

Panoramic ocean views!

Established in 2004, this subdivision features County water, underground utilities (no power lines in your view!), County sewer, sidewalks and a beautiful, new County park. The nearby park offers baseball and soccer fields, picnic tables, and a shaded play structure for children.

Pualani Estates is conveniently located and close to everything, including shopping, restaurants, beaches, and golf.

The nearby park offers baseball and soccer fields, picnic tables, and a shaded play structure for children

Ready To Buy Your Home in Kailua-Kona?

If you have any questions about buying a home in Kailua-Kona, please contact us. We are at your service and are happy to help in any way we can.

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Leiola Augustine, R(B)

January 13, 2013

Wow Kristi! I really admire the vision that you had for your home and you executed it perfectly. I hope the improvements I’m making on my Pualani Estates home adds the same value.

Kristi Cotton

January 14, 2013

Thank you Leiola! Sounds like you’re headed in the right direction. I look forward to seeing what you’re doing and the finished product. Aloha!

Leiola Augustine, R(B)

January 13, 2013

Wow Kristi! I really admire the vision that you had for your home and you executed it perfectly. I hope the improvements I’m making on my Pualani Estates home adds the same value.

Kristi Cotton

January 14, 2013

Thank you Leiola! Sounds like you’re headed in the right direction. I look forward to seeing what you’re doing and the finished product. Aloha!

John

September 26, 2016

Great job Kristi, I admire what you did, especially on a small enclosed kitchen space. I was just wondering how much your renovation costs? It seems like the prices to renovate and labor fees are quite expensive in Hawaii. When you say under $450K budget, does that mean you spent approximately $80K to $100K on all your renovations?

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