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.
Now that it is nearly summer in Northern Idaho, you can almost hear a collective sigh of relief across the Panhandle. The sun is out, flowers are blooming and we can finally head downtown to Coeur d’Alene’s wonderful farmers market! John and I have always felt personal conviction to buy local and to support our community and what better way than going out to meet the faces behind all the hard work?
Just a short trip down town to 5th street and you’ll find dozens of tents full of color and aromas that will make you soar. Last year we bought some rare herbs for the garden at one of the local vendors and I was relieved to find that they are back again this year.
You’re also likely to find one or two dairies, some fresh made stone-fired pizza and handmade soaps and countless other crafts but my Granddaughter’s favorite is the strawberry ice cream that Sweet Peaks is selling. Sweet Peaks has been doing the farmers market for a while now, but are just opening up a food truck on 4th & Best Ave. They make all of their ice cream right on the spot with liquid nitrogen. It was really nice finally having ice cream that tasted like both cream and strawberries (real ones).
We hope you get out to the next one and make your own adventure like we did!
Downtown: Wednesdays 4pm-7
5th & Sherman
Hayden: Saturdays 9am-1:30
Hwy 95 & Prairie
Tax time again and a mound of documents and not sure what to do with it all?
Hopefully you made it through another tax season and found all of your documents needed to file your return. Now, what documents do you need to keep and which ones should you toss? Here’s a little guideline which will help you with clearing out the old paperwork, but not throwing away anything that you might need later.
What to keep and what to toss?
John and Tracey Tindall
208-818-2365 or 2456
Thinking of selling and want to spruce up your home before hitting the market? Surprisingly you should think small when making renovations and updates for the best ROI.
If you are like most of our clients you may have a laundry list of things you believe you need to your home before you sell it. Some of the things may be costly and in the end will not improve the sale-ability of your home or even provide a good return on your investment investment. Here are some tips to consider:
If you are thinking of selling , lets meet up and we can work with you to develop a plan for success. The right improvements to increase the sale-ability of your home while being kind to your finances.
How to contact John and Tracey
John Tindall: 208-818-2456 firstname.lastname@example.org
Tracey Tindall: 208-818-2365 email@example.com
Click here to learn: More about us!
Is this a good time to sell?
Here is your housing snapshot for January 2017 showing an increase of 10% in median home prices and time on market down 5% in Kootenai County. If you are a seller who is on the fence about putting your home on the market, this snapshot is a good indication that this might be a very good time for you to sell your home.
A market offering higher median home prices, shorter closing time frames and less inventory will give sellers who decide to list now have some real advantages especially this time of year.
Listing your home before the masses who wait for better weather in April and May can give you the edge for success. Low inventory combined with a large number of qualified buyers creates competition for your listing. Many buyers have already lost out on another home and these buyers are ready to pounce once your listing hits the MLS. Homes that are show ready and priced right are garnering multiple offers at full price and often offers over full price!
If you would like to be kept up to date on the market or know more about selling your home or the value of your home, contact us and we will be happy to provide you with a customized market analysis.
John and Tracey Your Professional Agents 208-818-2365 John firstname.lastname@example.org 208-818-2456 Tracey email@example.com Website www.johnandtracey.com