Everyone has an idea of their dream house. Maybe it has an elaborate built in shelf for your trading cards. Maybe there is a slide to go downstairs. While these are both awesome, they might not be part of the next owners dreams. When you are ready to invest some money into the house, consider this list of renovations that have the best return on investment (ROI).
Minor Bathroom Update
You’ll see a trend throughout the list. There is a breaking point where an investment will start to cost more than you will get back. That’s why there are lots of items that are a “minor” remodel or update. These are that happy medium ground that still makes an updated room scream that its shiny and new, but it will cost you less in the long run.
To replace tubs, tile and caulk in a bathroom might run a little over $1000 and you can expect a return rate of about 102% (at current market values).
I’m 100% certain that when you walk up to someones front door, you take notice of their grass or the plants growing, if their siding is dirty or if their walk is swept. Everyone does. So when buyers are shopping for homes, you want their attention to be focused on your yard. You want it to yell at them and tell them to come check out the rest of your awesome home! DIY landscaping can be cheaper than paying a professional, but it can take longer and you might accidentally find the sprinklers with your shovel like I definitely didn’t do. There is no right answer when you decide if you want to pay a pro or be a weekend warrior. There is, however a good payoff for your investments when you sell your home, like 100%-good.
Major Kitchen Remodel
If your home is like ours, the kitchen is the absolute heart of it. Maybe because we love food, but that is besides the point. Consider updating your dated appliances, cabinets from circa 1990 and the flooring. Tile is amazing, but even quality vinyl will really lift the rooms appeal. Most of our clients head straight for the kitchen to try and picture themselves slaving over the stove. You try it. Are yo able to picture plenty of work space and uncluttered counters? If not, think about pairing down some of the obstacles. The average ROI for kitchen remodeling is about 91%. Not quite as high as the other projects, but definitely one of the BIGGEST selling points.
Just like the landscaping, a fresh coat of paint or updated shutters and fresh siding can really draw people in. And since you are taking the time to improve your home, do the things that will get you the most in the long run. Current market trends predict a ROI for exterior improvements at about 95%. And let’s be honest, that particle compressed siding the color of avocados… has to go.
Calling all Foodies!! One of the fastest growing food industries is coming to our own backyard. Food Trucks! The speed, convenience, quality and price is enough to draw a crowd to the up and coming food truck pavilion in Coeur d’Alene.
A Great Idea Hatched
The owners of Premier Auction Center in Post Falls teamed up with the owners of the Jitterz Espresso franchise and hatched this great idea. Our area’s next food truck court will have just about everything! That includes 13 food vendors, a Jitterz Coffee stand, 39 parking spots with a large eating pavilion. “Prairie Pavilion” will be located at 7777 Heartland Drive and plans to be open by the spring of 2019.
Good For Your Tummy and Our Economy
It’ll be great for the consumer as well as helpful to our economy. Food Trucks and the food truck community invest into our local economy and they do so by creating jobs and help recharge underdeveloped areas. One may think they could be hurtful to the brick-and-mortar restaurants. Just the opposite, because food trucks draw patrons to the area which increases the amount of foot traffic to other restaurants and surrounding businesses. Not to mention, restaurants are opening food trucks of their own to keep up with the growing trend. Plus, food truck businesses are required to pay all the same taxes as other restaurants and this generate thousands in tax revenue for the city.
The owners say it’ll be a “happening spot where busy businesspeople can swing through for a quick bite, as well as a welcoming environment where everyone can enjoy a relaxing meal.” That will just be the start! Additional plans are “getting kicked around” about making this spot a cornerstone of the community. Possibly having farmer’s markets and music shows available alongside the pavillion. Overall, Prairie Pavilion will be a great spot for everyone and it’ll be right in our backyard!
John and Tracey Chime In
“We have enjoyed some pretty wonderful food from food trucks here in Coeur d’Alene and in other cities. Dining from a truck will surprise you because you just can’t imagine such amazing and sometimes gourmet food can be cooked up and served from a truck, but it does! We love this idea and how it brings a new layer and flavor to our area”. John and Tracey Tindall
Credit: https://www.cdapress.com/local_news/20190110/street_eats_coming_to_north_coeur_dalene?fbclid=IwAR2H7ELzQOXwSfsRIstFa7UaWw54hje8gnI6donQbybM1uu_jjEZtdFos70 & http://www.dmvfta.org/food-truck-facts
Home Maintenance for Fall/Winter
The purchase of a home will likely be the biggest invest anybody will make in their life. Our homes are the centers of our lives because they hold everything and everyone important to us. Our top priorities are taking care of that invest. Winter is a harsh season here in North Idaho as a result it can cause some damage to our homes, properties, our loved ones, or even our wallets! It can be avoided if we take extra steps this fall or start of winter to prepare.
The next question is where do I start? Not knowing can be overwhelming and stressful. Below is just a small list of some important home maintenance ideas. Included is the reason you should do them. It can make a huge difference on your home and property this year.
For a full list of maintenance ideas as well as a printable checklist, go to our website by clicking here!
What to do
|Clean gutters and downspouts throughout fall||A build up of leaves and other debris could lead to wood rot, pest issues, and ruined gutters.|
|Change summer screens to cool weather storm windows & doors||Removing screens stop snow from getting trapped between the window and screen. That avoids damage to the sill and frame as well as lets in more light. Installing storm windows & doors helps keep your home insulated through the cold months.|
|Replace the filter in your furnace||This helps the lifespan of your heater, reduces energy bills and improves air quality.|
|Flush and insulate your hot water tank||Flushing removes sediment which in turn could extend the life of your tank. Insulating can help conserve energy, in turn saving you money.|
|Place a sheet of plywood held down by a few bricks on top and your AC, not a waterproof cover||Plywood can stop falling icicles and other debris which in turn would cause damage to the unit. Waterproof covers creates a warm environment for unwanted guests to stay for the winter.|
|Trim limps that are close to power lines or the roof of your home||Avoids heavy snow/ice building up causing damage.|
For a full list of maintenance ideas as well as a printable checklist, go to our website by clicking here!
Is that beautiful time of year again here in Coeur d’Alene… Fall!
With Fall comes all of the beautiful and colorful leaves that we love and enjoy for about the first 2 weeks. After they have fallen off the trees, the fun begins with leaves all over our yards and driveways. We then being the clean up as we ready our yards for winter. The raking of those beautiful leaves into piles and then scooping them into bags to take to the landfill to throw way.
DON’t BOTHER with that this year! Spend more time inside this year enjoying your hot cocoa and cozy PJ’s! Our City of Coeur d’Alene is not only beautiful but they are also awesome! One of the benefits of living is Coeur d’Alene and our Leaf Pick Up program and its absolutely FREE for you!
Leaf Pickup! Starting Friday November 13th
Click the link here for leaf pickup map. Find your zone – leaf pickup will happen in alphabetic order.
Some things to keep in mind:
- You may start putting your leaves out Friday November 2nd.
- Please move cars out of the street if at all possible during leaf pick-up.
- Keep the leaves about one foot off the curb line to facilitate storm water flow.
- Be alert for leaf pick-up equipment traveling through your neighborhood.
- Keep a safe distance away from leaf pick-up heavy equipment.
- Recognize that we have a tough job to do in a very short window between when the leaves fall and when the snow flies.
- Understand that city and private trucks are exempted from covering loads during the leaf pick-up period. Sweepers will follow city trucks to collect remaining/excess leaves.
- Place bagged leaves in street.
- Mix branches, rubble or other refuse in with the leaves.
- Miss the deadline… we only have time for one pass!
When buying a home for the first time you most likely want to save money any chance you get. It can seem like an overwhelming and never ending drain on your bank account. When you finally close on your new home you probably won’t want to even think about any more paperwork or transactions, but a quick trip to the County Assessor’s office to file a homeowner’s exemption will save you so much money each year in property tax.
What is it ?
An exemption that reduces the taxable value of your home up to a maximum of $100,000 in value.
Why do I need it?
By reducing the taxable value of your home, your taxes are much LESS and you SAVE! If you have a mortgage, this savings will likely reduce your total monthly mortgage payment.
If you live in your home at least 6 months out of the year as your primary residence, you qualify!
When do I need to file?
You must file by the 15th of April in 2018!
Where do I file?
The county assessors office for the county in which you reside.
Remember: Idaho is a non-disclosure state and this means that you do not have to share the value of your home with the county when you apply (what you paid for it)
If you are not sure about your home owner exemption status, give us a call and we would be happy to help you! We are here to help!
Now that 2018 is finally here, resolutions and goals seem to be all anyone is talking about. If one of your resolutions is to be a first-time buyer then here are a few tips to help you make that a resolution that doesn’t fall by the wayside. Maybe your resolutions don’t involve buying, maybe it is to sell your home or to build equity with your existing home or investing in your home. In any case here is an abbreviated list of some routes to consider. (Full Article)
For the first time buyers
Buying a new home is scary, but taking the first steps toward an organized and planned out purchase is half the battle. Having a structured plan and timeline gives you a set of instructions that you can follow. Near the top of the list you create should be finding a reputable and thorough realtor to take the mystery of purchasing and turn it into an understanding of the process. Regardless of when your planned purchase date is, NOW is the best time to start working on your credit. If you’re one of the majority who has room for improvement, the sooner you start working on it, the better. And speaking of now, remember that you are going to need a down payment for your purchase.
For the First time Sellers
Maybe you don’t plan to be a first-time buyer, maybe selling is on the top of your 2018 goals, then you need to start planning too! When you prepare your home to be sold, you need to make sure that you take care of all those repairs you’ve been putting off. Along with fixing, you need to start getting rid of the extra and unused stuff that has been accumulating. Personally, I don’t want to pay to ship the contents of my junk drawer or those broken things that I keep meaning to fix. Throwing away (donating, selling) is hard but once you’ve cleared out the clutter, you’ll be happy you did and it’s one less thing you need to worry about.
Trying to Add Equity
One of the most effective ways to add equity to your home is to bring your principle down. You can do this in several ways. Refinancing your home might be a good choice. Either for a shorter loan term or for a lower rate. Another way to bring down your principle is to pay more. That simple. Maybe you pay more each month or you make an extra payment. Either way you’re going to have to pay more.
Investing in Your Home
Investing in your home can be one of the more gratifying options. Most of us like to see transformations. And making your home more beautiful is always exciting. Make sure when you chose a project that you select one that has a good return of investment. It would be a good idea to do some homework and find out the most sought after home features. One type of renovation that will almost always yeild a good return of investment is increasing your home’s energy rating.
No matter what topic made your 2018 Real Estate goal list, we hope you were able to find some of this advice helpful. If you did, or have any other ideas- Reply and tell us all about them. Please don’t forget to check out the full Windermere article for any extra info.
LET’S MAKE AWESOME HAPPEN!
If you’ve been outside anytime during the last week, you no doubt noticed the smoke. It’s fire season again in the Pacific Northwest. Before we talk about the multitude ways to help keep your investment safe from fire, I want to give a heartfelt thank you to all of those firefighters away from their families. Thank You! On to business.
When you decided to purchase a house and make the emotional commitment of being a home owner, I truly doubt you ever thought that a fire could happen to you. According to the National Fire Protection Agency, in 2015 there were 501,500 structure fires in the U.S. resulting in just over 10 billion dollars in damages and 2,685 deaths. No one wants to be a part of this statistic.
Smoke alarms probably seem like a no-brainer, but there maybe you forgot to test them or check the batteries. It is recommended that you test them monthly and replace the batteries every six months when you change the clocks for daylight savings time. Another thing to remember when putting in new alarms, smoke rises. Smoke is less dense than air so it rises, which is why smoke alarms are on the ceiling or no further than 6 inches from the ceiling on the wall.
typically associated with businesses, schools and hospitals but fire extinguishers are recommended for the home as well. The best places to keep your home extinguishers are anyplace that you would expect something to combust. Obviously the kitchen, but also in places like the garage or down in the basement by the furnace. You, the homeowner are also encouraged to have a fire extinguisher for every floor. You don’t want to be in a situation where you have to run upstairs to get the fire extinguisher.
Know your types of extinguishers!
There isn’t one fire extinguisher that works on all types of fires. And speaking of types of fires, there are 6. SIX! with 5 different types of extinguishers, the location of the fire will most likely dictate the type of fire. I am not going to go in depth with all of the types and appropriate applications. But for the sake of the homeowner, you’ll need to determine which one is right for the different areas of your home. It is worth noting that the dry powder type of extinguisher (also known as the ABC type) is not recommended for small spaces such as homes and offices. If inhaled, it can be very damaging.
Know how to use the extinguisher
Having an extinguisher is just half the battle. If you want to be effective in stopping fires before they do real damage, you need to know how to use them. remember the acronym PASS. P-pull pin A-aim at the base S- squeeze the trigger S- sweep back and forth. Here is a short video illustrating the proper technique.
Emergency Escape Route
I remember when I was young, I always thought it was silly to do a fire drill at home. It wasn’t until I grew up and had babies of my own and realized that you absolutely need to practice. If you live in a home with multiple stories, get a window ladder. You wont always be able to use the stairs. Some advice I would like to pass on. If there is a fire in your home. Do not get dressed. Don’t try to find valuables. Don’t search for pets. Just get your children and leave the house. Most likely the animals will find a way out on their own. They have instincts that guide them away from fire. Your valuables are worthless if you do not have someone to share them with. Keep your family safe.
Keep combustibles away from outlets and other electronics.
It makes sense when you think about it retrospectively. But how often do we push furniture up against outlets or not think about the power strip we have had around since the 90’s. Sure it might work just fine. But newer electronics like power strips are being made safer and besides, after years of use (or maybe abuse) it’s not exactly as safe as it used to be. Outlets, extension cords, open or lose wiring. Check them. As for your electronics, I’m sure you’ve noticed that after using tv’s or laptops they get warm (maybe hot) to the touch. With the right combinations of factors, you could have a fire on your hands. Keep electronics off when they’re not being used. While the electronics are in use, keep them away from combustibles.
Keep the dead and dry stuff away from the house
Not all fires start from inside the home, some start from your yard or property. As homeowners, you are advised to trim back or remove completely, any dead trees or shrubs, or any dried up debris. These types of organic materials serve as kindling in wildfires, and they pose a threat to your home as well!
If we forgot something or you know a good way to keep your home safe, please say so in the comments! We love hearing from you. Stay safe out there in the heat and smoke!
Let’s Make Awesome Happen
Washi tape is a wonderful gift from the Land of the Rising Sun. Traditionally, washi is a type of paper made from tree bark or various other plant cellulose. It is most often used for its aesthetic appeal, but does have some other applications. Since it hit the shelves, it has been a God-send to interior designers and DIY-ers alike. It is a cheap way to have all the color and fun with none of the commitment.
As a new homeowner its really exciting thinking about all of the remodeling and designing you want to do to the interior. But then there’s the anxiety of choosing a color or style. Will we like it? Is it too bold? Will it work with our furniture? Thankfully you can try out some different schemes or patterns in your home without having to worry about the work of changing it. Washi tape is a great way to test the waters and try on different ideas you might have had. Or, maybe you’re like me and you want to change your entire house every few weeks and need something that will be easy to change too.
As a renter you have probably encountered the frustration of not being able to decorate, paint and design your space to your heart’s content. Typically, landlords will require that tenants do nothing to damage or change the home in any way. Other times, renters will avoid putting holes in the walls to ensure that they get their entire deposit at the end of the lease. Both are valid reasons to want to find a temporary work around that will leave your rental feeling like home, and your landlord happy. Here ares some ways to use washi tape to incorporate some beauty in your space and leave the walls good as new when you leave.
Accent walls are a great way to add a huge pop of color to a bland room. They make a huge statement and fortunately with washi tape, they aren’t permanent.
It might not seem like a big deal, but a beautiful headboard can really make a room. While some are just part of the bed frame, others are mounted on the wall. That’s where the washi tape comes in for a damage free , bold statement.
Nurseries and Play Rooms
It seems like kids always want to have bright pink or blue or other crazy colors for their bedrooms. Washi tape allows for all sorts of color and whimsy without having to consider how many coats of white paint it will take to cover up that Frozen mural.
As if the pictures didn’t already speak for themselves. Washi tape is a great way to add a bold statement to your rooms. These murals provide great conversation pieces when placed in main areas. Just make sure if you’re doing something geometric, you have some patience and a ruler, and a ton of coffee.
Another great thing about using this tape throughout your home is that you can add small pops of color or detail that really personalize your area in a big way.
Hope you enjoyed the creative fuel as much as I have! Go forth and make Awesome Happen!
If you’re like me, when you started the buying process you might have wondered why some houses are so outrageously priced and others are not. There are many factors that come in to play such as mortgage rates and availability, economic growth and personal demographics. But when prospective buyers are shopping their market, the one factor they may overlook is inventory shortage.
Real estate inventory is the quantity of houses that are available for purchase in any given market. When I’m out showing people properties, clients always amazed at how few mid-range homes there are. Clients also can’t believe how quickly they go.
The only time that inventory is a problem for home buyers is when the inventory is low. Basic economics. High demand and low supply yields high price tags for buyers. However, if you’re looking to sell, this is great news for you. The fewer homes available, the higher the price tag on your home.
In our current market in the Pacific Northwest, there has been an inventory shortage for several years. Due to the shortage, people are staying in their homes longer and moving less. Contractors are also in a bind because of the inventory shortages are causing prices to shoot through the room. Contractors don’t get paid for homes that sell for less than their cost for production, making them less inclined to build for fear of not making a profit.
In this quick video Matthew Gardner, Windermere’s chief Economist, breaks down the inventory shortage and it’s side effects. He also gives us a forecast for what might be to come.