FROM THE PUBLISHERS OF “Our Town-Our Paper” DANA POINT | MONARCH BEACH | LAGUNA NIGUEL CoastalRealEstateGuide.com APRIL 21, 2017 | VOL. 2, ISSUE 8 FEATURED PROPERTY: DANA POINT Remodel Adds Contemporary Embellishments Offering price: $2,649,000 Address: 8 Via Monarca, Monarch Beach Agent info: Kelly Perkins, Villa Real Estate 949.310.3754, firstname.lastname@example.org This home on a quiet cul-de-sac in guard gated Ritz Pointe is steps from a private pathway to Salt Creek Beach, the Links Golf Course, and two resorts, the Monarch Beach Resort and Ritz Carlton. A recent remodel was completed in a combination of patterns and textures in charcoals and neutrals. Additional features include top of the line appliances; built in coffee maker, crisper and warming drawers; custom high gloss white acrylic cabinets; geometric ceiling trim; porcelain floor tiles and wood flooring; and automated shades. The remodeled master bathroom is outfitted with freestanding soaking tub, glass shower, and floor to ceiling porcelain tile. Residency permits individual and family memberships at the Monarch Beach Resort. Lower-cost Home Renovations Offer Best Value The Appraisal Institute, the nation’s largest professional association of real estate appraisers, advocates that homeowners pursue smaller-scale renovation projects in order to maximize their potential return on investment. “The latest research shows that home improvements with a relatively low cost are most likely to generate a positive cost-to-value ratio,” Appraisal Institute President Jim Amorin said in a statement. “Spending big dollars on major renovations doesn’t necessarily equate to a dollar-for-dollar return. In short: cost doesn’t necessarily equal value.” According to Remodeling magazine’s recent cost vs. value report, the projects with the highest expected return on investment are attic insulation, entry door replacement, stone veneer and a minor kitchen remodel. Other projects with potential payoffs, according to the report, are garage door replacement and siding replacement. Amorin encouraged homeowners contemplating renovation projects to compare the planned improvement to what’s standard in the community. “Projects that move a home well beyond community norms are typically not worth the cost when the owner sells the property,” Amorin said. He also noted that homeowners might consider renovations simply for their personal enjoyment. While it’s nice to gain a solid return on investment, it’s certainly reasonable for property owners to upgrade just to enhance their quality of life, Amorin said. For an unbiased analysis of what their home would be worth both before and after an improvement project, a homeowner can work with a qualified real estate appraiser such as a designated nember of the Appraisal Institute to conduct a feasibility study. The Appraisal Institute offers a free brochure, “Remodeling & Rehabbing,” which provides consumers with advice on home improvement projects. Newport Coast, CA $3,649,000 Represented by: Marcus “Kiwi” Gualter (949) 751-9600 ColdwellBankerHomes.com ©2017 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker, the Coldwell Banker Logo, Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo service marks are registered or pending registrations owned by Coldwell Banker Real Estate LLC.