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SAN DIEGO (KGTV) - Owning a home is part of the American Dream. But trying to improve the home you live in can become a budget-busting nightmare.According to a new survey from the Freedom Debt Relief, 69 percent of homeowners plan to renovate within the next five years. But 60 percent of people surveyed say they can't afford needed upgrades.That's why 73 percent of the respondents plan to finance their renovation plans."People want to stay in their homes," says Michael Micheletti, the Communications Director for Freedom Debt Relief. "Once it becomes your house, it becomes your home. So, perhaps people are willing to take on more debt to stay in those communities and those school districts they've become accustomed to."Micheletti says most of the people who plan to renovation will spend either more than ,000 or between ,000 and ,000. With that much money at stake, it's important to know what projects are worth the cost."There's give and take" says Gregg Cantor, the CEO of construction company Murray Lampert. "You have to prioritize what's most important."According to the survey, the most popular upgrades are also the most expensive. New flooring topped the list at 59 percent, bathroom renovations were 53 percent, and new kitchens were 51 percent. After that, Landscaping (43%), Windows (31%), Fencing (28%), Roofing (27%) and Decks (26%) were the most popular.But Cantor says smaller, aesthetic-based upgrades can make your home more appealing to buyers. His list:Painting (inside and out)New baseboards or crown molding on the wallsNew SidingLandscapingGarage DoorsHe also says people doing renovations should follow three simple guidelines when they decide to renovate:1. Set a budget2. Find a company who will work within your budget3. Stick to the plan"Don't be rushed," says Cantor. "Make sure that whoever is handling the design and construction is going at a reasonable pace so that your questions are being answered and you feel comfortable and have a concise and complete price."As for how to pay, Micheletti with the Freedom Debt Network says to look for low-interest options like Home Equity Loans or Personal Loans rather than credit cards."If you're taking on high interest credit card debt to fund the project, it's probably not going to be a good idea for you," says Micheletti. "Try to leverage some of the equity in your house which you're getting the benefit of."Here is what people said they'd use to pay for home renovations:Cash/Savings: 58%Home Equity Loan: 29%Credit Card: 28%Personal Loan: 24%Home Equity Line of Credit: 19%Finally, Cantor says if you plan on staying in your home for a long time, spending more on the big ticket upgrades can be worth it."If you're talking 10 or 15 years, you might do some extra things that, maybe tomorrow you won't get your money back, but you're going to enjoy them over the years," says Cantor. 2892
SAN DIEGO (KGTV) -- New data shows that home sales in Southern California could be dipping, while sales in San Diego County are on the rise. The data from CoreLogic shows that the sale of existing housing sold in Southern California in April of 2018 was down nearly four percent since March of 2018.In San Diego County, however, home sales increased by more than five percent in April. Likewise, year-over-year home sales across the county increased by more than two percent. RELATED: How much you need to earn to buy a home in San Diego CountyData also shows that a large chunk of home buyers don’t even live in Southern California. According to CoreLogic, investors and vacation home buyers accounted for more than 22 percent of all April home sales.The chart below shows the month-to-month difference between March and April of 2018 in Southern California home sales:The report comes amid a flurry of other information showing that, not only is the sale of homes up, but so is the price.RELATED: This is how much space 0K will buy you in San DiegoThe California Association of Realtors recently came out with a report showing that the median home price in San Diego County has increased to 0,000. 1244
SAN DIEGO (KGTV) -- Police are investigating after a man was shot in the leg in East Village late Saturday night.Authorities say a 48-year-old man parked his car on 11th and E Street near City College Station around 10:50 p.m. Saturday.The man got out of the car and started walking when he saw two people arguing and heard gunshots.According to police, the man got into his car and began to drive away when he felt a pain in his right leg, looked down and saw that he was bleeding.Police said at this time, they don’t have any description of the suspects.The man drove himself to the hospital with non-life threatening injuries. 642
SAN DIEGO (KGTV) - National Voter Registration Day is a reminder to sign up to vote in the next election, a deadline many Americans miss. Voters must be registered at least 15 days before an election. If they fail to meet this requirement, they can conditionally register and vote provisionally, according to the San Diego Registrar of Voters. Voting materials, including sample ballots, are mailed starting 29 days before an election. If you changed your name, moved, or want to switch political parties, you must re-register to vote with a new application. In order to register to vote in California, you must be a U.S. citizen, a state resident, at least 18 years old before the next election, not in prison or on parole for a felony, and not declared mentally incompetent by the court. San Diegans will be able to vote March 3, 2020, in the presidential primary election.National Voter Registration Day was first observed in 2012 and is recognized by the National Association of Election Officials. Not sure if you’re registered to vote? Check your registration status here. 1086
SAN DIEGO (KGTV) -- Police are searching for a suspect after two people were stabbed in the San Diego River Tuesday night. According to police, the stabbing happened on the 500 block of Morena Boulevard around 6:30 p.m. between Old Town and Linda Vista.After the stabbing, the suspect, only described as a man wearing a white shirt, fled the scene. Despite a police helicopter and officers on foot, the suspect managed to escape.Lt. Mike Ramsay said the two victims were hispanic men, ages 18 and 19. One was stabbed in the chest and the other in the stomach. They were taken to UCSD Medical Center in Hillcrest. Ramsay described their condition as "serious but stable."Police closed off Morena Boulevard near Interstate 8 as they searched for the suspect, creating heavy traffic in the area. 10News will continue to keep you updated as soon as we receive more information. 882