Home renovation can be tricky — you want to renovate your home to meet your current and future needs, however you want to make sure that you are being smart about the costs and the return on your renovation investment. Below is a synopsis of renovation increments for all of the sub-markets in the Sacramento and Bay Area regions. This report basically measures the whole-dollar increase in home value per renovation dollar spent.
The Sacramento Region encompasses: Antelope, Auburn, Cameron Park, Carmichael, Citrus Heights, El Dorado Hills, Elk Grove, Fair Oaks, Florin, Folsom, Gold River, Granite Bay, Grass Valley, Lincoln, Loomis, Meadow Vista, Newcastle, North Highlands, Olivehurst, Orangevale, Pilot Hill, Placerville, Rancho Cordova, Rio Linda, Rocklin, Rosemont, Roseville, Sacramento, Sheridan, West Sacramento, Yuba City, Davis, Dixon, Fairfield, Napa, Sonoma, Vacaville, Vallejo, Winters, and Woodland.
This region is poised for substantial growth over the next 5-7 years driven by a combination of affordability and commuter access to the Bay Area.
Renovation increments (which measures the whole dollar increase in home value per renovation dollar spent) is currently in the $1.10 to $1.45 range — this means that every $1 spent in renovations equates to an increase of $1.15 to $1.45 in value (as an example, a $100,000 renovation project would create approximately $115,000 to $145,000 in value).
Bay Area Region
The Bay Area region includes the 680 / 780 Corridor, East Bay, South Bay, Peninsula, and North Bay Regions. The 680 / 780 Corridor encompasses: Alamo, Benicia, Concord, Danville, Dublin, Livermore, Martinez, Pleasant Hill, Pleasanton, San Ramon, Vallejo, and Walnut Creek. This region is currently seeing renovation increments in the $1.35 to $2.00 range (i.e., a $100,000 renovation project would create approximately $135,000 to $200,000 in value).
The East Bay Region encompasses: Alameda, Berkeley, El Cerrito, Emeryville, Fremont, Hayward, Morgana, Oakland, Orinda, Richmond, San Leandro, San Pablo, and Union City. This region is currently seeing renovation increments in the $1.25 to $1.65 range.
The South Bay Region encompasses: Campbell, Cupertino, Edenvale, Los Gatos, Milpitas, Palo Alto, San Jose, Saratoga, and Sunnyvale. This region is currently seeing renovation increments in the $1.75 to $2.50 range. The Peninsula Region encompasses: Burlingame, Daly City, Pacifica, San Francisco, San Mateo and South San Francisco. This region is currently seeing renovation increments in the $1.50 to $2.25 range.
The North Bay Region encompasses: Calistoga, Greenbrae, Mill Valley, Novato, Petaluma, Rohnert Park, San Rafael, Santa Rosa, Sausalito, and Sebastopol. This region is currently seeing renovation increments in the $1.50 to $2.25 range.
How to Contact Us
Whether it’s a simple bathroom remodel or a major addition to your home, California Construction and Renovations, Inc. does all types of renovations in the Sacramento Bay Area and Central Valley. Let us manage your project and see it progress seamlessly from start to finish with our team of professionals who do it all!
Do you have more questions about our renovation market intelligence? If so, speak to a California Construction and Renovations, Inc. expert on the subject. Please give us a call at 877-214-2243 today!