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.
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.
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.
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.