The Top 20 Portland Neighborhoods to Invest in a Remodel

Is a Home Remodel a Smart Investment in Your Neighborhood?

The decision to invest in a home remodel can provide many benefits, including improved quality of life, additional square footage, and aesthetic updates. However, there is another advantage of a home remodel that deserves special consideration: increased home value. This is especially true for homes located in desirable neighborhoods.

Even if there is no intention to sell a home after a remodel, major life changes can arise unexpectedly. In the event of a home sale, either planned or unexpected, selling in the right neighborhood can increase the odds of fully recouping (or even profiting from) a home remodel investment.

What Makes a Neighborhood an Ideal Location for a Home Remodel?

Housing market trends alone can provide valuable insight into whether or not a neighborhood is an ideal location to invest in a home remodel. However, homeowners can take their assessment one step further by considering the following:

Business Activity

Is there a new office building under construction in the area? This could indicate property value growth in the near future. New business activity can boost a neighborhood’s appeal by offering commuters the opportunity to live closer to their place of work.

Infrastructure

Accessibility is an important consideration in the home-buying process. Neighborhoods located near major highways can offer easier access and shorter commute times for potential homebuyers. This convenience can significantly boost a neighborhood’s long-term growth potential.

Retail Traffic

From vintage boutiques to brunch restaurants, there are plenty of businesses in the Portland area that can draw out the crowds. A neighborhood with many popular restaurants and retail shops can be expected to remain desirable to homebuyers for many years to come.

School District

A neighborhood’s school ratings are a top consideration for many homebuyers. This is especially true for families with young children. School ratings are prominently shown on real estate listings, which means they’re one of the first things that a potential homebuyer will look at when evaluating potential properties to purchase.

Community Engagement

A friendly and social neighborhood is likely to stand out as more desirable than others for potential homebuyers. A high level of community involvement is also an indicator of lower crime rates, which can further increase the neighborhood’s appeal.

Our Top 20 Portland Area Neighborhoods For Home Remodel Investment

1. Alberta Arts District

As the name suggests, Portland’s Alberta Arts District is known for its thriving artistic community. With a reputation for drawing locals and visitors alike to experience its unique creative charm, this neighborhood is ideally suited for a home remodel investment.

2. Hawthorne

Located in inner southeast Portland, the Hawthorne neighborhood features a number of trendy vintage clothing shops and other retail attractions, as well as a historic charm that many homebuyers are attracted to.

3. Lake Oswego

Known as one of the most affluent communities within the greater Portland Metropolitan area, Lake Oswego is a serene and picturesque suburban neighborhood. Many buyers looking to purchase real estate in Lake Oswego are willing to pay premium prices for recently remodeled homes.

4. Laurelhurst

One of the greenest neighborhoods in Portland, Laurelhurst is known for its sprawling 26-acre park. Tree-lined streets and a thriving sense of community provide the Laurelhurst neighborhood with long-term appeal for potential homebuyers.

5. Pearl District

Centrally located in downtown Portland, the Pearl District neighborhood features historic architecture, fine dining, and hip urban culture that attracts affluent families and creative professionals.

6. Sellwood-Moreland

A popular choice for family living, the Sellwood-Moreland neighborhood is known for its tight-knit community and vibrant weekly farmers market. Recently remodeled homes can offer upscale amenities to young professional families looking to settle in the area.

7. Sunnyside

Residents of southeast Portland’s Sunnyside neighborhood enjoy easy access to the Mount Talbert Nature Park. The expansive park features creeks and waterfalls along a four-mile-long network of trails. Hiking and other outdoor activities are very popular among Portland residents, making the Sunnyside neighborhood’s outdoor accessibility highly desirable for potential homebuyers.

8. Kenton

Situated close to north Portland’s industrial zone, the Kenton neighborhood is an up-and-coming area that offers plenty of potential for home value appreciation. With a burgeoning downtown area and a growing population of young creatives, this neighborhood is primed for growth.

9. Eastmoreland

The Eastmoreland neighborhood is populated with luxurious homes that can fetch high prices when equipped with modern amenities. Close proximity to parks and golf courses can further increase appeal for high-end buyers.

10. Irvington

Located close to Portland’s downtown, Irvington’s historic homes offer plenty of appeal to homebuyers. Living in the Irvington neighborhood allows for easy access to both I-84 and OR-99E, making the area highly desirable for commuters.

11. Richmond

With a wide variety of dining options and retail destinations, Richmond is a busy area with plenty of charm and character. Homebuyers will find plenty of amenities to appreciate in this comfortable and diverse neighborhood.

12. Ladd's Addition

Perhaps Portland’s most unique neighborhood, Ladd’s Addition is easily recognized by its unusual street pattern. Residents of the neighborhood take pride in the appearance of their historic homes, making the area more desirable to buyers who prioritize curb appeal.

13. St. Johns

Another up-and-coming neighborhood in the list, St. Johns has experienced a cultural explosion in recent years. This formerly industrial area is home to a vibrant community, with relatively low home prices compared with other parts of the city.

14. Multnomah Village

Nestled between southwest Portland and Tigard, Multnomah Village is a peaceful neighborhood with easy access to family-friendly parks and the Willamette River waterfront. A top pick for families with young children, Multnomah Village is likely to experience a long-term increase in housing demand and home values.

15. Tigard

Located just south of Beaverton, Tigard is home to a multitude of business centers and professional buildings. The area’s bustling economic activity paired with good schools and serene public parks make Tigard a top living destination for professional families.

16. Murrayhill

West of South Beaverton you’ll find Murrayhill, a quiet, upscale neighborhood with plenty of luxurious real estate. Due to the affluent nature of the community, a home remodel investment in this neighborhood is likely to hold its value.

17. Cooper Mountain

Cooper Mountain is a rapidly expanding neighborhood located along the forested edges of Southwest Beaverton. Brimming with beautiful views and natural beauty, this area is steadily gaining interest from potential buyers as time goes on.

18. Cedar Hills

With close proximity to shopping centers and major highways, Cedar Hills provides homebuyers with both convenience and accessibility. The neighborhood's growing popularity as a location for young professionals to settle down makes it a smart location to invest in a home remodel.

19. West Slope

Surrounded by OR-217, Oregon Route 8, and Route 26, West Slope is among the most accessible of Beaverton’s neighborhoods. This convenient location can be enticing for homebuyers and suggests a high likelihood of increased property value and housing demand in the area.

20. South Beaverton

Thanks to highly ranked schools and other educational centers in South Beaverton, the area is highly sought after by homebuyers with children. A remodel in this neighborhood that aligns with the needs of busy families is likely to result in a profitable resale of the property.

Everything You Need To Make A Well-Informed Decision For Your Home Remodel

Keep in mind that the neighborhoods listed above are not an exhaustive list, and don’t forget to consult with real estate professionals and home remodel contractors on this topic as well. Industry insiders can provide valuable insight that can help with your decision. By knowing what to look for, doing your research, and getting advice from experts, you can feel confident knowing that a home remodel in your neighborhood can provide a significant return on your investment.

Ready to Explore Your Options?

At Straight Line Design & Remodeling, we have been designing and building bathrooms, kitchens, additions, and more to meet the needs of families in Beaverton and the greater Portland metro area for over a decade. That means that we have the experience and know-how to bring your project to life while staying on schedule and on budget.

Reach out to us for a free quote. We look forward to hearing from you!