FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuide.com AUGUST 4, 2017 | VOL. 7 , ISSUE 31 Fine Finishes Embellish View Home FEATURED PROPERTY: LAGUNA BEACH A three-bedroom, three-bath home in Laguna’s Portafina community offers an abundance of natural light combined with chic materials and finishes. A brick fireplace embellishes the living room, while sliding glass doors connect formal and informal dining areas to grassy yards. Stainless steel appliances infuse the home’s kitchen with modern flair. Ocean view decks off the master suite extend outdoor spaces and upstairs, a bonus room offers a fireplace, ocean-view deck, and vaulted ceilings. On the end of a cul-de-sac, the location promises privacy and proximity to hiking trails and tennis courts in Moulton Meadows Park as well as beaches, shopping and dining. Offering price: $1,895,000 Address: 630 Loretta Drive, Laguna Beach Agent info: Meital Taub, First Team Estates/Christie’s International Real Estate, 949.922.9552, email@example.com, meitaltaub.firstteam.com ASK THE EXPERT Expect Remodel Costs to Mirror Comparisons of Home Prices By Holly Schwartz It’s expensive to live in Orange County. And you know what else is expensive? Remodeling Holly Schwartz in Orange County! As an avid watcher of HGTV, and someone who used to work on their previous hit show “Designers’ Challenge,” I’ve been around a lot of remodel projects. It’s definitely eye opening to see how budgets vary in different areas of the country for both home prices and renovation budgets. There is an informative and helpful website called HomeAdvisor, which is a home services website that has an addition and remodel price guide. Basically, you can check it out to see what the average national cost is for certain projects and then compare that While these figures are to our area. In Newport all just averages, it’s still Beach and Laguna Beach, important to note that you can expect remodel each home is different budgets to be even higher and these numbers are since these are high-end, not a one-size-fits-all luxury real estate markets. rule to follow. You don’t So how much need to spend $33,000 more expensive is it? on a kitchen in a small Considering the fact that condo. And if you have a kitchens and baths are luxurious villa overlooking what sell homes, it makes the water, you may need sense that homeowners and want to spend triple shell out top dollar on that. So, if you’re thinking making improvements to of remodeling, it’s helpful these rooms. The national Bathroom remodels in Orange County typically cost $16,000, twice the to know what is reasonable national average. average for remodeling to budget and take into a kitchen is about consideration that it’s $21,000. But here in our bubble, the typical price is approximately likely going to be more than what the average spent it about a third $41,000. Not here, though. Here the your friends and family are spending higher -coming out to an average average is around $86,000. in other areas of the country. of $33,000 per kitchen. We also When you think about it, since Holly Schwartz is a realtor spend about double the national our homes fetch a much higher with Villa Real Estate who has average on bathrooms, spending price per square foot than many been featured on HGTV’s “House $16,000 for the average bathroom other areas of the country, labor Hunters.” She currently lives in remodel in our area. We also pay costs are higher, and the materials Newport Beach with her fiancé and double the national average to add used are often higher end. It all adds can be reached at HSchwartz@ square footage. Around the country, up! VillaRealEstate.com.