Home Renovations That Offer the Best ROI for Resale

The following is a guest post by GUSTAVO GONZALEZ, Senior Manager of Content and Multimedia at Coldwell Banker Real Estate, LLC

Looking to make some upgrades and wondering which will have the biggest payoff? If you guessed kitchen and bathrooms, you're spot on. Another good one is landscaping. Whether they're big or small, a few upgrades can pay big dividends when it's time to sell your home. Follow these tips to prioritize and put more money in your pocket when you're ready to sell.

Before you do anything, make sure you consider the value of your house, the neighborhood, the housing market where you live, and how soon you will sell after you make the improvements. If you live in a neighborhood where properties are selling for $300,000, doing a $150,000 renovation may not add as much to your property value as you might think.

Kitchens and Baths
One thing to keep in mind is that just because a remodel is expensive doesn't necessarily mean it will give you the best return on investment. Even minor updates can yield a big return. Consider painting, refinishing surfaces, and upgrading appliances, which can lead to a big payout.

Sticking to a budget is always important, and keep in mind that an average, medium-sized kitchen remodel can cost between $20,000 – $50,000, while the average bathroom remodel is $10,000. In most cases, homeowners see a return of 100% or more with a kitchen or bath remodel, so it's definitely worth the investment. Plus, you get to live in a beautiful new space.

A Finished Basement
If finishing your basement is something you've been putting off, now might be the perfect time. According to cost versus value surveys conducted annually by Remodeling magazine, "The average return on investment for a basement project is around 75 cents on the dollar. Besides the financial gains, refinishing a basement will add new functionality to your home: more bedrooms, more efficient storage, and more space for entertaining." Seems like a sure-fire win, win.

Add Curb Appeal
When buyers see that the outside of the property is taken care of, they'll be more excited to see the inside. Remember, first impressions make lasting impressions. According to Anji, "Curb appeal can increase your home value by 7%. Buyers are increasingly prioritizing outdoor living spaces and an attractive lawn has the biggest ROI at 256%. Trees can add $1,000 to $10,000 to your home value and simple landscape maintenance tasks usually pay for themselves."

Whether you're in the market to sell your home or just want to make some budget-friendly renovations that you and your family can enjoy, making the right upgrades can help enhance your quality of life and add a few more dollars to your bank account down the road.

It's Time to Get Ready for Fall

Delta Media Group

Fall is the perfect time of the year to do seasonal maintenance to keep your home running smoothly. Checking these items off your must-do list now will save you money and frustration later.

1. Seal the leaks.
   Check around windows and doors for cracks that leak air. According to the U.S. Department of Energy Research, leaks can increase your heating bill by up to 10 percent. Seal the leaks with caulk or weather stripping as needed.
   
   
2. Schedule heating equipment inspections.
   Call an HVAC professional to give your furnace an annual cleaning and tune-up. Doing this can increase the efficiency and safety of your furnace.
   
   
3. Test the generator.
   Instead of waiting for the winter's first power outage, take your emergency generator for a test run now. Make sure you have extra fuel stored away.
   
   
4. Inspect your home's exterior.
   A damaged exterior lets in water and pests. Check your siding for cracks, curling, dents, looseness, bowing, and decay. Make sure your masonry veneer isn't cracking or flaking, and your stucco is free from cracks.
   
   
5. Clean the gutters.
   Although it's among the most common home maintenance tips, this one has greater benefits than you might imagine. Blocked gutters can cause leaks on your roof and in your basement as well as damage your exterior. Scoop leaves, dirt, and other debris from the gutters then spray them clean. As you clean, check for leaks and rust. Make sure your downspouts are directed away from your home.
   
   
6. Check your roof.
   Damage to your roof puts your home at risk for leaks. Use binoculars or climb onto the roof to inspect for missing, damaged, curled, or loose shingles. Look the ridge shingles over for wind damage. The metal flashing in the roof valleys and around protrusions such as vents should be free from curling and damage.
   
   
7. Inspect your walkways.
   Damaged driveways, sidewalks, and steps worsen when exposed to freezing temperatures and pose a hazard in icy conditions. Repair cracks wider than 1/8th inch, smooth uneven areas, and tighten loose railings.
   
   
8. Prevent frozen pipes.
   Adding insulation to pipes in unheated areas is one of those simple home maintenance tips that can save you a lot of trouble and expense. Outdoors, put your garden hoses in storage and, if your outdoor faucets aren't frost-free, turn off your outdoor water supply and drain the faucets. Drain your irrigation system to prevent burst pipes and damaged sprinkler heads.
   
   
9. Measure your foundation drainage.
   The ground around your foundation should slope away from your home at an angle of 6 inches down over 10 feet. This protects your foundation from water damage.
   
   
10. Get the lawn and garden ready.
    If you spot any tree limbs that could fall or hit power lines during a windstorm, cut them back. Also, trim shrubbery and perennials as recommended for the species. Rake up leaves and either compost them or use them as mulch. Alternatively, check if your city offers a removal service.

Curb Appeal Tips for Fall

Delta Media Group

First impressions are everything when it comes to selling your house.  When a potential home buyer drives by your home, what will they see?  The outside of your home should serve as a preview for the inside of your home.

"WOW" home buyers from the curb with these tips perfect for the fall. 

1. Spruce up your lawn
   Brilliant fall foliage can automatically "sell" your home for showings, but that doesn't mean you should forget about raking the leaves and mowing.  Keep those leaves raked and give your lawn the TLC it needs to look great. Patch any brown spots, and water the lawn as long as possible to keep it green and vibrant.

2. Plant fall flowers
   Once lawn maintenance is handled, add a splash of color to your landscape by planting fall flowers.  Some of the best fall flowers include vibrant mums, yellow marigolds, sedum, or goldenrod.  You can also place fall flowers in pots near your front door along with a few pumpkins as accents.

3. Highlight the front door
   Calling attention to your front door is a good selling tactic no matter what season when you're selling your house.  Your front door is like an invitation to your home. Hang a fall wreath for added color and a festive touch.  A fresh coat of paint in a vivid color can make your entrance stand out.

4. Tidy up the exterior
   During the fall, your home becomes more exposed making its exterior appearance even more important.  Before listing your home for sale, pressure wash your siding, sidewalks, and walkways.  Clean the windows.  Apply a fresh coat of paint as needed.

5. Clear out the gutters
   Being diligent about home maintenance tells buyers you care about your home's upkeep.  Keeping your gutters and downspouts clear from leaves and debris protects your home from water damage and ups the ante for curb appeal.

6. Invest in outdoor lighting
   Days get shorter during the fall.  Exterior light adds a touch of elegance and sophistication to your landscape and improves safety. Illuminate your walkways, front door, and important landscaping elements so the home shines no matter when people drive by.

7. Keep outdoor decorations simple
   A simple fall wreath on the door and seasonal flowers make your home look inviting to potential homebuyers.  However, scarecrows and spooky Halloween decorations may "scare off" homebuyers and distract them from the gorgeous exterior you've worked so hard to otherwise create.

Should You Get a Home Inspection BEFORE Selling?

Delta Media Group

Selling your home? A recent survey showed more than 85 percent of buyers who applied for financing asked for an inspection of the home they intended to buy. Today's savvy home buyers rarely leave things up to chance — they want to be assured they are getting great value.

Despite this growing trend, many sellers still wait for buyers to take the initiative on inspections. A seller might save a few hundred dollars by waiting until the buyer makes the first move, but this is rarely worthwhile. In fact, there are many benefits to taking the plunge and getting an inspection as soon as you decide you are serious about putting your property on the market.

Let's look at six benefits of pre-listing home inspections:

1. Attract More Buyers
   Savvy buyers who have purchased a property before will know about the necessity of a home inspection and will appreciate this is one less step (and expense) they need to worry about. New buyers seeking their first home may not be as savvy at first, but they will soon figure it out. All in all, an inspection will reassure and attract more would-be buyers.
   
   
2. Accelerate the Sales Process
   Sooner or later, an inspection will happen — and when it does, it's bound to turn up something. Relatively minor issues might throw a wrench into your hopes of selling your home. When you get proactive, you have the chance to resolve problems that might otherwise add months to the sales process. Plus, in many cases, you can turn those fixes into part of your sales pitch.
   
   
3. Provide a Stronger Negotiating Position
   Most home sales involve some "give and take" over the final price. Buyers will look for anything they can find as a reason to maneuver excess costs onto the seller. With a recent inspection report in hand, you can counter these moves without any sour grapes — you've gone the extra mile to ensure that everything in the home is on the up and up, after all!
   
   
4. Reduce Recurring Repair Bills
   It isn't always easy to determine the true source of a recurring problem in a home, even a newer one. For example, if your toilet drains slowly, you might simply need to snake it... or you may have a major issue with your septic system. Whatever the case, an inspection helps you get to the real root of the problem. It saves money if you don't sell and improves your price if you do.
   
   
5. Take Control of the Process
   Unless you find out something truly appalling, you don't necessarily have to take time to repair whatever an inspection turns up. Instead, you have the option of lowering your price or going "as-is." All in all, an inspection gives you the opportunity to take the steps that are right for you instead of running to catch up to a buyer whose inspection uncovers unwelcome surprises.
   
   
6. If You're Selling Your Home, Start with an Inspection
   In today's real estate market, a seller's pre-inspection of a home is a mark of quality that buyers increasingly expect. If you put your home on the market and don't find interested buyers in a relatively short time, an inspection is one precaution you'll end up taking.

With all that in mind, selling your home should almost always start with an inspection. It's an essential step, just like making basic repairs, listing your home in the right places, staging it for potential buyers, and partnering with a real estate agent you can trust.

Coldwell Banker Scores First in Agent Satisfaction. Again.

Confucius said, "Choose a job you love, and you will never have to work a day in your life." 

The real estate professionals across the Coldwell Banker brand are passionate about their industry – and about their brand. For the third time, Coldwell Banker Real Estate ranked #1 in agent satisfaction in the annual "Agent Priorities" report conducted by Quester.

Designed to keep what's important to agents top of mind, the report zeroes in on topics such as work/life balance, brand image, support, tools, and culture. Knowing what makes an agent more likely to stay with a company is a key component in what brokerages can do to foster positive work environments and grow their agents' businesses.

On a local level, Coldwell Banker Tomlinson combines the strength of the national tools with additional services designed to help our Realtors® list, sell, and learn.

Full-time managing brokers are in place to provide immediate assistance. Offices are staffed with Agent Services Experts (ASEs) to help with marketing, paperwork, and training. A company-wide marketing team is in place to create campaigns that support current market trends, listing types, and services.

With continuing education an important aspect of any business, Coldwell Banker Tomlinson offers in-house classes, regular lunch 'n' learn trainings, continuing education at no cost, and national certifications and classes.

To read the results of the report, visit the Coldwell Banker Blue Matter blog.

Home Repairs that Can't Wait

Delta Media Group

Home improvement can be costly and time-consuming, so it's no surprise that many homeowners put off making repairs as long as possible. Smaller repairs can usually be safely left until the timing is more advantageous, perhaps when you have more money in the bank or some vacation time. There are some repairs, however, that should be taken care of as soon as possible. These home repairs are so important that failing to make them could result in serious injury and increased costs.

1. Electrical System
   Some home improvement projects include work on the electrical system, such as installing a ceiling fan or changing a light switch. These are examples of repairs that can be done whenever you can fit them into your schedule. Some electrical problems require immediate action, though. These include unexplained circuit breaker failures, flickering or inconstant lighting, and switch plates and outlet covers that feel warm or hot. If you notice any of these problems, it's a good idea to enlist the help of a qualified electrician as soon as possible.
   
   
2. Roofing
   The roof is an important part of your home's defense against the elements. Leaks, missing or damaged shingles, and sagging areas need to be addressed as soon as you notice them. A sagging roof could collapse under the weight of snow or heavy wind and may indicate other problems like improper attic ventilation. In addition, small leaks and damaged areas can lead to big problems like rotted support beams, mold growth, and an overall weakened structure.
   
   
3. Foundation
   Foundation cracks are a fairly common problem, but many people choose to ignore them when they're small. This leads to their spread and growth, eventually becoming so problematic that it can cost many thousands of dollars to repair. While smaller cracks don't typically contribute to structural instability, as they grow larger, they increasingly undermine the foundation's integrity. In extreme cases, this can lead to the collapse of the entire home. Have foundation problems been addressed as soon as they arise, both to save money and ensure safety?
   
   
4. Gas Lines
   Gas leaks in your home can be extremely dangerous. Natural gas and propane are dense and have a tendency to "sink" below regular air. They pool in the low areas of your home, meaning that you're more likely to smell them (they smell like sulfur; "rotten eggs") on the first floor or in the basement if you have one. Anytime you smell gas, or even think you smell gas, get yourself and your family out of the home immediately and call the gas company from outside. Repairs to gas lines should be made before you return to your home, and only by experienced professionals.
   
   
5. Plumbing
   Water leaks and damaged pipes give mold a perfect environment to take hold in your walls, and you may not notice a leak until long after it started. Should you notice any dark spots or weakened areas in walls, or water bills that seem abnormally high, it's important to find the cause and address it before it leads to larger problems.

Managing Home Improvement Tasks

It can be tempting to leave smaller home improvement tasks until "later," but keep in mind that doing so could cost you more in the long run. Not every repair constitutes an emergency, but that doesn't mean that non-emergency repairs should be ignored. Keep on top of home maintenance and repairs by keeping a checklist of necessary tasks; focus on completing one each weekend or each month. This will help you keep your home improvement projects from piling up and becoming major problems.

Ideas for Upgrading Your Patio

Delta Media Group

Maybe you've been pondering all those cool ideas seen on TV and the web about redoing your drab slab of a concrete patio so that it's a standout feature of your indoor/outdoor entertainment area. Here's the deal. We are all in love with the idea of extending our living and entertainment area into the outdoors. And why not? There are dozens of relatively inexpensive and yet innovative hacks that will make your outdoors as inviting as the indoors, so let's start working from the ground up by renovating that boring, cracked, or scuffed-up concrete patio and see how dazzling it can be.

1. Paint it.
   For basic painting, you will need concrete binding primer; concrete paint; painter's tape, a roller tray with liners (for fast cleanup), a paint roller, nap roller covers, and paintbrushes.
   
   Pressure wash the patio and let it dry. Cover up with painter's tape everything you don't want to be painted. Apply concrete binding primer, allowing it to dry one to four hours prior to painting. Apply two coats of paint, allowing the first coat to dry overnight. Wait 72 hours before you move furniture back onto the patio.
   
   
2. Stain it.
   Apply a stain over the patio, then seal it. 
   
   
3. Paint a pattern.
   Using a circular saw, score a concrete slab with a diamond pattern, then paint it with two shades of gray concrete paint. You can also use a stencil to create interesting patterns like a carpet design.  
   
   
4. Lay decking on top of the concrete.
   Not a fan of concrete? You can lay decking on top of the concrete and attach white fascia boards along the sides.
   
   
5. Create a stamped concrete patio.
   Stamped concrete is wildly popular these days. A bit cheaper than pavers, it comes in a variety of patterns and colors. Installers will try to delay cracking (be advised, it will crack someday) by installing control joints. Obviously, you will have to pour concrete and stamp the new concrete before it hardens. So if you've already got a concrete slab there, you'll have to figure out how to get rid of it. 
   
   
6. Fake a stone look.
   Another redo that involves pouring new concrete is to fake the look of brick or stone with a patterned rubber roller. You'll need a concrete roller to create indentations that look like brick or stone, and those rollers can be costly. Concrete stamping mats are a more affordable option. These flexible pieces of rubber have embossed patterns. Stamp them on wet concrete and apply pressure. Lift the mat and repeat the process. 
   
   
7. Resurface with pavers.
   How about resurfacing your patio with clay pavers? These bricks are hard-fired in a kiln, so they are extra-strong and can stand up to the harsh sun and inclement weather. Less expensive than stone, clay pavers cost more than concrete pavers. 

Although all these projects are relatively inexpensive, you can obviously spend more on some than others. So if cost is a factor, then you may want to go with simple painting or staining.

Once you're done with your new floor, it's time to think about decorating. You might start with a weather-resistant outdoor rug, perhaps in the dining area. Decorate with flower boxes or containers of flowers that can change with the season and move indoors when it's cold. Hang up strands of lights. Add a water feature, which could be a fountain with plumbing or a self-contained model that runs on electricity and recirculates the water.

Let your creativity and inner interior decorator run wild as you think up ways to jazz up that formerly dull space and make it shine.

Have you made some updates to your outdoor living space? Show us some pictures in the comments! 

An island makes a wonderful addition to your kitchen, adding an extra workspace, seating, and storage. Besides its practical benefits, a kitchen island can also transform your kitchen's appearance by creating a stylish focal point. From the shape of your island to its color and features, your options are nearly endless, so you can design an island that suits your needs and style.

Our real estate agents suggest the following creative ideas for your kitchen island:

• Think Beyond a Rectangle
  The traditional shape for a kitchen island is a rectangle, but that doesn't mean it's the only one. A kitchen island that's slightly curved, fully circular, or a combination of a rectangle with a curve becomes a statement piece due to its unique design. And depending on the shape you choose, your island may be more functional. For example, a triangle shape creates more room for seating around your island.
  
  
• Add Shelves to Showcase Displays
  Although islands provide many practical benefits, they can also give your kitchen's aesthetics a boost. Incorporate some open shelves within your island to display your favorite cookbooks, glassware, vintage items, or other collectibles. The more interesting and colorful, the better.
  
  
• Make it Colorful
  You can always match the color of your kitchen island to the one used on your cabinets, but why limit yourself? A burst of cheery, red, orange, or bright blue can instantly turn your island into a statement piece. On the other hand, if you have dark cabinets, a light, muted shade can have a big visual impact.
  
  
• Go for an Industrial Vibe
  If you have an industrial style in your kitchen, you can extend it to your island. Combine elements like brick, wood, and metal, add a sleek black counter and exposed ductwork, and you've got an island with an industrial vibe.
  
  
• Add Task Lighting
  You'll need to have appropriate lighting to brighten up your kitchen island, and the fixtures you choose can also add another layer of interest to the space. Options include everything from small pendants to statement shades, but in addition to the lighting's appearance, also think about how you'll be using your island. If you are doing lots of food prep, you may need bright task lighting. Or, if you'd like a softer look, pendant lighting offers extra light and some elegance.
  
  
• Consider a Moveable Island
  A kitchen island doesn't necessarily need to be a fixed, immobile feature. A moveable freestanding island gives you lots of versatility. You can use it to prepare meals, and then if you're entertaining in the evening, push it aside to make more room.
  
  
• Install an Extra Sink
  Having a second sink in your kitchen will require extra plumbing, but for many people, this is a game-changer that's worth the extra cost. You'll need to have enough room on your island, plus additional space to the sides, but you'll have an extra area to clean dishes, wash your hands after prep work, and wash veggies and other foods.

Contact us if you're looking to buy a home and would like to see Spokane homes for sale. Our agents have years of experience and are ready to help you find your new home. 

DIY Products for Spring Cleaning

Sometimes it seems there is no end to house cleaning, and while there is no clear-cut answer for how to keep your home perfectly clean at all times, it might be surprising just how much you can do with a little baking soda and white vinegar.

Spot Cleaner for Carpet

• After cleaning up any excess spill, sprinkle the carpet with baking soda or cornstarch. Let stand for 10 minutes and then vacuum.
• Mix one tablespoon clear dishwashing liquid and one tablespoon white vinegar with two cups of warm water.
• Using a white cloth, blot the stain with the vinegar solution.
• Sponge with cold water and blot dry.

Oven Cleaner

• Make a paste of baking soda and water.
• Coat the oven (or just the dirty parts) with the paste and let stand overnight. Be sure to avoid the heating elements and bare metal.
• Use a plastic spatula to remove the paste. (Wear rubber gloves.)
• Wipe away any residue with a clean, wet sponge.

Grout Cleaners

• Fill a spray bottle with equal amounts of white vinegar and water and generously spray the tile/grout. Let sit about five minutes.
• Scrub area with a grout brush, or even a toothbrush.
• Rinse with warm water.
• If stains are more stubborn, mix a paste of baking soda and water and using your grout brush, work it into the grout.
• Immediately follow with the vinegar spray. This should cause the baking soda paste to bubble.
• Use your brush to finish cleaning.
• Rinse with warm water.
• For mold or mildewed grout, hydrogen peroxide is a gem. Spray it on the stain, let sit for a few minutes, and then scrub with your grout brush. You can even mix baking soda and hydrogen peroxide into a paste for a stronger clean. Apply the paste to the grout lines, wait a few minutes, scrub and then rinse with water.
• NOTE: Do not apply vinegar to grout that has not been properly sealed.

Showerhead Cleaner

• Carefully mix 1/3 cup baking soda with 1 cup white vinegar in a plastic bag.
• Place the bag over the showerhead, submerging the head in the mixture; secure bag with rubber band or twist-tie.
• Let soak for at least 3 hours.
• Wipe clean.

 Window Cleaner

• Mix together in a spray bottle: ¼ cup vinegar, ½ tsp natural liquid soap, and 2 cups water. Shake to blend.
• Spray on windows and use newspaper to rub dry & clean, avoiding the window frames (newspaper can leave dark marks on the frames).

What will 2022 Bring?

Recently, Coldwell Banker Tomlinson Realtors®, managers, and staff were honored with a visit from the President and CEO of Coldwell Banker Real Estate LLC, Ryan Gorman. Responsible for the operations that support our network of 94,000 real estate professionals in 3,000 offices in 43 countries across the globe, he made the trip from CB's New Jersey headquarters to speak with us about the wild ride that was 2021 and share his predictions about the state of our industry moving through 2022.

Though he foresees a continuation of a seller's market, he believes it won't be "the crazy, crazy" atmosphere we saw in 2021.  "Interest rates are ticking up which will slow things a bit," he said, but "inbound migration will continue to be strong, so it will be a long time before the market shifts."

When asked if he was surprised by the activity during the pandemic, he told us that though he did not predict the "nearly 10 years of appreciation in 18 months" in our area, Ryan said he wasn't surprised to see the market remain strong. Despite the economic downturn, "we had the most equity in homes that we had literally ever had (not on a percentage basis, but on an absolute basis), and we had tighter underwriting for almost 15 years by that point than we had almost ever had, so people had good opportunities."

Contributing to the history-making market, he noted, was that for the past five or so years our area has been named to list after list of best places to live, work, and raise a family, so as people were able to work, not only remotely, but more independently, they began to make good on the question if you could live anywhere, why not live somewhere great?  

In discussing the issue of low inventory, he is quick to point out that even buyers who have been in their homes two or three months may have equity that could propel them to look at selling to purchase something that better fits their dreams and goals and encouraged agents to inform their previous buyers what their homes are worth today. Buyers, he said, can leverage their equity to move more affordably to another neighborhood or city.

Recently named a "Real Estate Newsmaker" for 2021 and "Influencer" for 2022 by RisMedia, a highly respected real estate news and information service, Ryan says is most proud of Coldwell Banker's integrity. "Integrity is first. That's an easy answer. Coldwell Banker was founded on honesty and integrity, and that has lasted."

To learn more about Ryan's strategies for Coldwell Banker in 2022, check out his interview with Jordan Grice of RisMedia.

Search for your new home at cbspokane.com.

2021 is almost over, and it's a good time to reflect upon the year, your wins, losses, and any lessons learned. Every new year brings with it possibilities to improve. It offers you a chance to reinvent yourself, and if you're in the market for a new home, our real estate agents can help you start the new year on a high note by helping you find your dream home.

Most people vow to exercise, save money, or spend more time with family. Few people remember to set goals to get their homes in shape. Let's look at some New Year's resolutions you can set for your home and how you can go about bringing them to fruition.

• Declutter and Streamline
  Why wait for spring to declutter? Decluttering is one of the best ways to start the new year. And the best part is you get to feel instantly better about your home. Plus, a decluttered home is so much easier to look after and maintain. Decluttering an entire home is a big job. The best way to tackle the task is going room by room. Contrary to popular beliefs, you don't have to start with the hardest areas. Heading straight into the attic or garage could dissuade all your clean-up efforts. Once you're done decluttering your home, you can declutter other aspects of your life, too, like your digital life and your mind.

• Reduce Your Energy Use
  Here's a resolution that helps you reduce your carbon footprint and save money. Installing a solar water heating system isn't the only way you can go green. Small things like switching traditional light bulbs with LEDs and getting a smart thermostat could drive your electricity costs down while helping conserve the environment.
  
  ​​​​​​​Changing your energy consumption habits could also lower your utility costs. Some practices that could help you trim your energy use include:
  • Switching off your appliances when they're not in use
  • Reducing appliance and water use whenever possible
  • Utilizing natural light
  • Buying appliances with a good energy rating
  • Recycling properly
    
    
• Conduct a Safety Check
  Your house may be beautiful, but is it safe? Make a habit of regularly checking your smoke and carbon monoxide detectors and replacing the batteries. Repair and replace loose or frayed wires on all electrical devices and have an expert inspect your electrical system for any faults. If you have a pet, you should consider pet-proofing your home. Pets cause over 1,000 house fires each year. Pet proofing will protect your beloved furry friends as well as your home.
  
  
• Improve Ventilation
  Prolonged exposure to polluted air can lead to respiratory conditions and diseases. Use your HVAC system as the first line of defense, and make sure to regularly change your furnace and AC filters. Plus, ensure your kitchen has enough ventilation to get rid of smoke and cooking fumes.
  
  
• Invest in Home Improvement Projects
  Home makeover ideas don't have to involve knocking down a wall or adding square footage. DIY projects are a fun and creative way to spend time with your family and make memories, all while transforming your house into the haven you've always desired.

Nothing beats the feeling of finally moving into your own home. Contact us today so we can help you find your perfect home among our Spokane homes for sale.

Does selling your home during the holidays mean that you're doomed to spend the season with no decorations?

Fortunately, our real estate agents know that the answer is "no." Holiday decorations are encouraged when you're selling your home, but it's important to treat them as part of your home's staging. Here's what you need to know about staging your home during the holiday season. 

• You Need to Declutter Before Reaching for Your Decorations
  Before you start decorating, spend time thoroughly decluttering your home. Pack up collections, old paperwork, and toys. Remove items that feel overly personal, like photographs and sentimental displays. These items make it hard for a buyer to envision themselves living in your home. 

• Be Stingy with Your Holiday Decor
  Your decluttering mindset should also apply to your holiday decor. Less is more this year. You don't want your decorations to overwhelm your home or detract from your home's best features. Decorative displays with a lot of components, like a Christmas village or nutcracker collection, add too much clutter to your home. Avoid large outside decorations that take up a lot of room in your yard and potentially obscure your home. It's okay to put up lights on your home's exterior, but don't go overboard. Decorate your home's frame instead of every possible surface of your home's exterior. Illuminate a lovely tree or bush instead of decorating multiple components of your landscaping. 

• Set the Stage with Seasonal Decor
  When you add your home to the list of Spokane homes for sale, you don't know who your potential buyers will be. Holiday items that have universal appeal include wreaths, garlands, poinsettias, and other holiday plants, and classic seasonal figures (like reindeer, snowmen, and nutcrackers). Do put up a Christmas tree. A Christmas tree enhances the appeal of practically any living space. Check that your ornaments aren't overly personalized and have universal appeal. The round Christmas bauble ornaments are always a great choice. 

• See That Your Decor Matches the Rest of Your Home
  Your holiday decor should complement the colors and style throughout your home. For example, if your living room uses bright jewel tones, use decor that incorporates similar hues. If your home is decorated in a rustic style, ultra-modern decor that consists of geometric shapes and flashy colors will look out of place. 

• Use Holiday Decor to Highlight Your Home's Best Features
  Holiday decor is a valuable tool for showcasing your home's most desirable traits. Have a large dining area perfect for hosting lots of family and friends? Stage the space with place settings and a holiday centerpiece. Does your home have a fantastic window? Hang a wreath to make sure it draws the attention of your buyers. If your home has arches or cool architectural features, hang small bows or mistletoe to help show them off. 

• Watch Out for Holiday Scent Overload
  With holiday candles, baking, and your Christmas tree, it's easy to fill your home with festive scents. While a little bit of scent is fine (and even preferred), make sure your scents are complimentary and don't overwhelm the space. Stick with smells that tend to have universal appeal, like fresh cookies, evergreen, and holiday spices. 

Ready to list your home this holiday season? Contact us today!

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:

• 70% of respondents want more outdoor living space
• 69% of respondents want a home office (48% wanted multiple offices)
• 46% of respondents want a multi-function room/flexible space
• 42% of respondents want an au pair/in-law suite
• 39% of respondents want an exercise room/yoga space

If you're a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

1. A possible desire to relocate
2. The difference in the cost of a renovation versus a purchase
3. Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house)

In either case, you'll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity.

Home Equity Is Skyrocketing

The record-setting increases in home prices over the last two years dramatically improved homeowners' equity. Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently:

"Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high."

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity.

If you decide to renovate, you'll need to refinance (or take out an equity loan) to access the equity. If you decide to move instead and use your equity as a down payment, you'll still need to mortgage the remaining difference between the down payment and the cost of your next home.

Mortgage rates are forecast to increase over the next year. Waiting to leverage your equity will probably mean you'll pay more to do so. According to the latest data from the Federal Housing Finance Agency (FHFA), almost 57% of current mortgage holders have a mortgage rate of 4% or below. If you're one of those homeowners, you can keep your mortgage rate under 4% by doing it now. If you're one of the 43% of homeowners with a mortgage rate over 4%, you may be able to do a cash-out refinance or buy a more expensive home without significantly increasing your monthly payment.

First Step: Determine the Amount of Equity in Your Home

If you're ready to either redesign your current house or find an existing or newly constructed home that has everything you want, the first thing you need to do is determine how much equity you have in your current home. To do that, you'll need two things:

1. The current mortgage balance on your home
2. The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To find the current market value of your house, you can pay several hundreds of dollars for an appraisal, or you can contact a local real estate professional who will be able to present to you, at no charge, a professional equity assessment report.

Bottom Line

If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home. Contact us today to help guide you through the process and help determine what makes the most sense for you!

Your entryway is the first space guests experience when they step into your home. And more importantly, it is the first space you experience when you get home! As such, you really want your entryway to feel warm and welcoming. Here are a few useful tips to help you make your entryway a sight to behold.

1. Include a Bench Seat
   Sometimes, entryways have a tendency to become cluttered with items like umbrellas, hats, and bags. Including a bench seat in your design takes care of this problem. You can store all of your accessories in the bench seat and also sit on the bench as you put your shoes on or otherwise prepare to go out.
   
   
2. Create Symmetry With Two Plants
   In a small space like an entryway, decorating with symmetry can help create a sense of balance. An easy way to create symmetry is with two identical potted plants. If you have a bench seat, place one plant on either side of the bench. If you have a larger piece of furniture, such as a set of cabinets, you could place two small plants on top of it — one on either side. 
   
   Plants are perfect for an entryway because greenery evokes a calm, peaceful feeling. They also help unify the outdoors with the outdoors, which is exactly what your entryway is intended for.
   
   
3. Include a Clock
   Clocks are timeless decor, and you don't see them in homes as often as you used to, now that everyone has the time on their own smartphone. But your entryway is the perfect place for a clock. People will appreciate knowing exactly what time it is as soon as they step in the door. You'll also appreciate being able to check the time without pulling your phone out as soon as you get home. A large, decorative clock mounted on the wall directly across from the door is perfect entryway decor.
   
   
4. Use Warm Colors
   When choosing paint colors for your entryway, be sure to opt for warm undertones. This will subliminally make guests and family members feel cozy when they step into the space. "Warm colors" does not have to mean brown or red, either. Your paint store professional can point you towards all sorts of different colors with warm undertones.
   
   
5. Include Large, Fuzzy Doormats
   Doormats can warm up your entryway not only visually but temperature-wise. In the winter, you'll really appreciate not having to step onto the chilly floor. Pick mats that are generously sized to fit everyone's shoes. Those with a plush or fuzzy look tend to make the space look and feel warmer.
   
   
6. Add Texture, When Possible
   As you decorate your entryway, look for ways to add texture to the space. For example, you may include a wall hanging with some burlap. Or, you might find a light fixture with some roughly hewn wood in its design. Incorporating a mixture of smooth and rough textures can make any space feel warmer and more balanced overall.
   
   
7. Install a Dimmer Switch
   If your entryway does not already have a dimmer switch, consider having one installed. This lets you set the mood for your home.

These tips can make any entryway give a warm welcome! If you're still looking for Spokane homes for sale, please feel free to reach out. We can help you navigate the house-hunting process with ease.

When looking at Spokane homes for sale, buyers often plan how they might fix up a home or make it their own. The right home improvements can go a long way towards making a home more livable and increasing its value. But as your list of home improvement projects grows, how do you decide which ones to tackle first? Here are some tips to help you prioritize your to-do list.

• Improve Function Before Looks
  Most home improvement projects can be placed into one of two categories. Either the project is aimed at improving the function of the home, or it's aimed at improving the appearance of the home. Painting your walls a different color, for example, is an appearance-based home improvement. Replacing a leaking window is a function-based improvement.
  
  Tackling functional improvements before looks-based ones will help keep your home safe, secure, and resistant to additional damage.
  
  
• Do Small Projects First
  If your long to-do list is starting to intimidate you, sometimes the best approach is to tackle the smallest, least-demanding projects first. This allows you to start crossing things off your list, which can jump-start your motivation and give you the drive to keep going. 
  
  Also, consider breaking your big projects down into smaller projects. This helps make them more approachable. For example, instead of writing down "paint all rooms," you could write down, separately, "paint the bedroom," "paint the kitchen," and "paint the bathroom."
  
  
• Consider ROI
  ROI stands for "return on investment." This is something that real estate agents think about a lot when talking about home improvements with clients. 
  
  If you are considering moving any time soon, you want to tackle the projects with the largest ROI first. This will help you earn more when you sell your home. For instance, replacing leaky windows generally comes with a great ROI, whereas adding shelves to the laundry room may not.
  
  
• Do What Fits Your Budget
  There may be some projects you would love to tackle but can't afford to right now. There are likely other improvements that are in your budget.
  
  Rather than continuing to put off projects until you've saved more money, do what you can afford to do right now. Then, as your income increases or your financial situation otherwise changes, you can move on to more expensive projects.
  
  
• Ask What Makes the Most Impact
  Another way to prioritize your home improvement projects is to ask yourself which ones have the most overall impact on your life.
  
  If you cook every day and your old kitchen is really bothering you, for example, renovating the kitchen may be a priority task. If the paint is peeling in the spare bathroom, but you only use that room once a month, that project can probably wait.
  
  
• Prioritize the Preventative
  If there are any home improvements that will prevent problems in the future, tackle those first. This will reduce your workload and costs overall.
  
  For instance, if your gutters are old and leaky, you need to replace them to prevent damage to your foundation and landscaping. This is more important than painting a bedroom.

By using one, some, or all of the strategies above, you can better prioritize your home improvement tasks. If you're thinking of moving to a new home or selling your current one. Click here to learn more about our services.

There's a lot you can learn from homes selling in your neighborhood, especially if that home is right next to yours. If you spotted a sign in your neighbor's yard, you might want to do some investigating.

Keeping tabs on the outcome of your neighbor's home sale can prove extremely beneficial when it comes time to list your own property. Details about your neighbor's home and the transaction can provide key information about your local real estate market. Luckily, it's fairly easy to find out important pieces of information. Below are four things we encourage consumers to watch out for when a neighbor puts their home on the market:

1. The Open House
   Attending your neighbor's open house can provide you with several useful pieces of information. For one, you can get real-time feedback on how visitors perceive the property. Pay attention to what other visitors comment on and note what they like or dislike. The open house also allows you to see how your neighbor staged the home and their decor, which can help inspire some ideas of your own.
   
   
2. How Long It Sits On The Market
   The length of time it takes your neighbor's home to sell can tell you a lot about the state of the market as well as how homes are valued in your neighborhood. If your home is similar in size, price, and quality to other nearby Spokane homes for sale, you might assume your home could sell in a similar amount of time.
   
   
3. The Final Sale Price
   Knowing the final sale price of your neighbor's home can be very helpful when it comes time to sell your own. It can serve as an indication of what buyers are willing to pay for a home in your neighborhood. If the sale price was over the asking price, it might mean homes in your area are in high demand. If your home is comparable to another home in your area that recently sold, it's probably safe to use the sale price as a ballpark figure when determining your listing price. When you're in the process of listing your home, your real estate agent should be able to help provide this information.
   
   
4. Your New Neighbors
   Paying attention to who is moving in and out of your neighborhood can help you better understand emerging trends in your area. Are your new neighbors first-time homebuyers or empty-nesters? Are they commuting a long distance to work? Did they move here from out of state? By understanding who is moving into your neighborhood, you can be better prepared to market your home to the right target audience when it comes time to sell.

Having a good knowledge of the local real estate market is an important part of the selling process. Luckily, your neighbor's real estate transaction details can help you get valuable information. 

Spring cleaning is the perfect way to start the decluttering process before showing your house for sale or to start packing for a move. But if you've been in your home for a long time, the volume of junk you've been stashing may seem overwhelming. Our real estate agents will tell you eliminating clutter is an important key to maintaining a beautiful home. Breaking the job into manageable chunks can be very helpful. Make sure to toss out these items while doing your spring cleaning this year. 

1. Outdated electronics
   How many cables do you actually need? You may have a drawer full of them. But don't stop there. In this day and age, technology far outstrips our ability to keep up with it. From old phones to speakers, you probably have a number of electronic devices you will never use again. Open that box and fill it with all of that outdated equipment and take it straight to the thrift store. Be careful to strip all personal information before donating.
    
2. Clothes that don't fit
   From outgrown children's clothing to slacks from many pounds ago, these things have to go. Shelters can make good use of donated clothes for children and adults. They will serve a much greater purpose there than they will taking up space in your closet. Be sure to go through clothes in your closet and in your drawers. 
   
   
3. Plasticware
   Time to toss those mismatched lids, plastic movie cups, and stained food containers. You'll be so surprised as to how much real estate they take in your kitchen. Besides being unsightly and messy, older plasticware can be dangerous to your health. As it breaks down with age, chemicals can get into your food. It's also difficult to ensure that no food particles are stuck on the surface.
     
4. Expired food and medications
   We know to dispose of expired prescriptions but seldom think about over-the-counter medications. Every time we catch a cold, we buy new medications anyway, so why keep the old ones? Toss it when your illness passes or, if you did hang on to it, get rid of it now. Pantries and refrigerators should be purged on a regular basis according to shelf life. Check expiration dates then to make sure everything on the shelf is safe to consume. Condiments in the refrigerator are often used infrequently and can reach expiration dates long before they are empty. 
   
   
5. Expired makeup and toiletries
   We all hesitate to dispose of makeup because it is so expensive. When we find the perfect product, we often cling to it. But makeup and skincare products generally expire in three to six months after they're opened. Using it after that date is asking for breakouts, rashes, and eye infections. Even the prettiest eyeshadow isn't worth that cost. Nail polish may not cause infections, but it does tend to get clumpy and not settle as well as it should. Avoid the frustration by tossing it and getting it out of the way.  

Now that your spring cleaning is complete, are you ready to list your home? If you're looking at Spokane homes for sale, or are thinking about putting your house on the market, contact us today. 

From the March 2021 issue of @Home with Coldwell Banker Tomlinson.  Written by Chris Canning, Coldwell Banker Tomlinson Realtor®

As both a licensed REALTOR® and home builder, I often scroll through my Facebook feed and see homes advertised by our area homebuilders and fellow real estate agents. I often see such remarks as: "They want how much for that house? They're crazy!" or "Why can't builders build more affordable homes?" The general public is not aware of the obstacles faced by members of the industry tasked with meeting the demand for housing. Chief among these obstacles are: 1. A lack of affordable land. 2. Dramatic increases in the cost of materials. 3. The scarcity of qualified tradespeople.

1. Land

   The first line item on any builder's ledger is lot cost. At present, Spokane is faced with issues in obtaining, developing, and delivering reasonably priced lots to builders. Briefly stated, Spokane's Comprehensive Plan dictates when, where, and how development and construction can take place. Its purpose is to prioritize use of existing infrastructure and improvements before venturing into areas that would require expanding infrastructure. Unfortunately, the land within the boundaries of our "Comp Plan" that was easiest and most cost-effective to develop is gone, leaving only very complicated, expensive, steep, rocky, pieces of property to develop. Consequently, developers and builders are forced to confront more expensive and complicated properties and projects. Many consumers who are able are paying these increases, while others have simply been forced out of the market. Let's assume a builder can build a home for $200.00/sq/ft and obtain a fair profit. If the builder is able to obtain a building lot for $60,000, and builds a 1,500 sq/ft rancher – he would need to charge $360,000 for this home. If, due to scarcity, the cost of the lot rises to $80,000, the result is an increase in the finished cost of the home of about $22,000. Otherwise, the builder sees his/her margin of profit slip, which would make it more difficult to obtain financing. Ultimately, the consumer bears the brunt of the cost increase, while the only party to benefit is the original landowner.
    

2. Materials

   You may have heard in the news recently that lumber prices have nearly doubled in our area and elsewhere across the nation. However, it's not just lumber that has seen extensive price increases due to scarcity. Across the board (no pun intended), shortages in roofing, wiring, flooring and other materials, have significantly increased the cost of building a new home today.
    

3. Skilled Labor

   Ask any home builder in town why homes are costing more, and be prepared for a lecture on the shortage of labor in the building trades. As a millennial, I was pushed hard to pursue a career requiring a college degree. I wish I had known then how much demand Spokane would have for skilled labor in the building trades in 2021! Talking to the many friends and family I have working as skilled tradespeople, I find that every one of them is inundated with work, to the extent that they can choose whom they work for and what they should be paid. As a result, while today's new homes are not framed any straighter or plumbed more reliably than those built five years ago, they are a lot more expensive to build, and, thus, to buy.
   
   

Lurking behind every one of these factors in the increasing cost of new homes is the Demon of Demand. As long as Spokane remains the wonderful place to live it is and always has been, we can expect to see increases in the cost of housing, though perhaps less steep than we are coping with now, extending into the future.

Whether you have lived in your home for several years or several decades, there may come a time when you decide to put your home up for sale. To tackle the challenge, our real estate agents will guide you through the process to make sure your home makes a big impression on potential buyers looking for Spokane homes for sale.

Putting your home on the market can be a stressful event, but you can eliminate stress by knowing what to do before listing your home. Prepare you home for the busy spring market by following these tips. 

1. Make a Good First Impression
   You only have one chance to make a good impression on potential buyers. Your home may be spectacular on the inside, but buyers won't see that if they don't get through the front door. Your home's curb appeal is a key factor to get potential buyers inside. Outdoor lighting, fresh exterior paint, trimmed trees and shrubs, and colorful flower beds go a long way towards making a good first impression.
   
   
2. Take the Home Out of Your House
   Your home's interior likely reflects your personal design style and interests, but buyers may have different style and interests. When selling your home, it's important to de-personalize it so buyers can see themselves living there. Before putting your home on the market, get rid of personal items like excessive family photos, memorabilia, and keepsakes that represent your lifestyle.
   
   
3. Focus on the Kitchen
   Most buyers consider the kitchen the most important room in the house. If your kitchen needs an upgrade, do it. A remodeled kitchen with fresh paint, new flooring, new cabinets and countertops, and upgraded appliances can give you an 85% return on your remodeling costs. If you can't afford to do everything, fresh paint, new cabinet hardware, good lighting, and one high-end appliance may be enough.
   
   
4. Brighten Up Your Rooms
   Before you invite buyers into your home, light up your interior with sunshine and new lighting. If you have big windows, clean the windows, take down the draperies, and let the natural light into the room. For rooms with minimal sunlight, add new light fixtures or brighter bulbs to reflect warm, appealing spaces.
   
   
5. Show a Spotless Interior
   Before showing your home, make sure your interior is spotless. Vacuum the carpets and rugs, wax the hardwood floors, wash the walls, clean the draperies and upholstery, and eliminate unnecessary clutter. Buyers want a house that reflects proper care and attention. If you have pets, make sure food bowls and litter boxes are clean. If you're planning an open house, send the critters to a pet hotel for the day.
   
   
6. Empty Your Closets
   Storage is an important feature to any homebuyer. When viewing a potential new home, a buyer will open closets, drawers, cabinets, and storage areas to make sure storage is adequate for their needs. By emptying your closets and cabinets, a buyer can accurately assess storage spaces for their own stuff.
   
   
7. Price It Right
   Before listing your home, check recent sales in your area. While an overpriced home can sit on the market for months, a home that's priced at the current market value for the area can receive multiple bids from buyers, often over the asking price.

If you're interested in selling your home, contact us to guide you through the process and make sure your home gets the attention it deserves.