Real Estate August 16, 2023

5 Home Improvements That Will Boost Your Property Value

A home is the largest investment most people will make in their lifetime, so when it comes time to sell, homeowners often wonder what they can do to get the most return on their investment. Many have the misconception that remodeling is the way to go, but that isn’t always the case. Rather than going all-in on upgrading your home, you should know which home improvements are worth it, and which ones aren’t.

We’ve sifted through the research and come up with a quick list of five home improvements that’ll help buyers fall in love with your home when it comes time to sell.

 

1. Add a little curb appeal 

Curb appeal is critical. As the name suggests, it’s the first thing buyers see when pulling up to the front of any home so it needs to be in nearly pristine condition.

Landscaping can go a long way for a minimal upfront investment. Six rounds of fertilizer and weed control will set you back about $415, but when it comes time to sell, you’ll see a return on investment (ROI) of about $900 according to a 2023 survey by the National Association of Realtors.

Other improvements you can easily make to your curb appeal include:

  • Pressure wash the exterior
  • Liven up your front door with a fresh coat of paint
  • Replace hardware such as doorknobs and knockers
  • Install updated house numbers
  • Make your walkways pop with new greenery or flowers
  • Plant a succulent garden
  • Update your porch lights
  • Add a little charm with window flower boxes
  • Stage your porch

 

2. Convert your HVAC to an electric heat pump

According to the 2023 Cost vs. Value Remodeling Report, replacing an oil or gas furnace with an electric heat pump is one of the hottest trends (and offers an unusually high ROI of 104%). Their earth-friendly efficiency is especially appealing to younger buyers and those concerned about climate change. Additionally, they offer summertime cooling, which is a big bonus in the PNW given our recent hot and smoky summers!

 

3. Refresh your kitchen

While major kitchen renovations are costly and typically have low ROI, a little elbow grease and modest budget can give you big bang for your buck (see our article on simple kitchen makeover ideas).

Here are some smaller updates to boost your home’s value:

  • Clean
    • Organize your pantry
    • Use a little Murphy Oil Soap and hot water on all of your cabinets
      • Polish cabinets with Howard Feed-In-Wax
      • Tighten all hinges
    • Clean grout and tiles
    • Shine your sinks and hardware until you can see your face in it
    • Deep clean your stove
  • Give your kitchen a fresh coat of neutral paint
  • Update lighting fixtures, and replace light bulbs
  • Add new and trendy door hardware to your cabinets
  • Consider replacing your countertops with a hard surface like quartz or quartzite
  • Upgrade your appliances

 

4. Go green

Today’s younger generations are embracing eco-friendly living, and millennials are leading the pack. According to the National Association of Realtors’ 2022 Home Buyer and Seller Generational Trends Report, millennials make up the largest segment of buyers, holding strong at 43 percent of all buyers.

When it comes to attracting buyers who are willing to pay top dollar, going green makes sense. A Nielson study found that, of more than 30,000 millennials surveyed, 66 percent are willing to shell out more cash for conservation-conscious, sustainable products. Depending on where you live, consider installing solar panels, wind turbines, and eco-friendly water systems.

No matter where you live, attic insulation replacement and weather stripping are safe bets. Attic replacement costs can vary but typically have a good ROI. Weather stripping costs about $350 if you hire a professional, but you can easily DIY for a fraction of that cost.

 

5. Install hardwood floors 

Installing or upgrading hardwood floors is pretty failsafe as most buyers love it. Ninety-nine percent of real estate agents agree that homes with hardwood floors are easier to sell, and 90 percent of agents say that they sell for a higher sale price, according to the National Wood Flooring Association. Similarly, a survey by the National Association of Home Builders (NAHB) found that wood flooring was among the top 10 home features most desired by home buyers.

 

When it comes time to sell, I will help you get the highest possible ROI for your home. I can connect you with tried-and-true contractors, suggest strategic upgrades, and help you develop the right pricing plan based on up-to-the-minute market analysis. Reach out for a complimentary home value consultation.

 


© Copyright 2023, Windermere Real Estate/Mercer Island.
Adapted from an article that originally appeared on the Windermere blog November 12, 2018. Written by: Sarah Stilo with HomeLight.
Cost vs. Value data ©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

Real Estate June 13, 2022

10 Tips for Sustainable Gardening

Sunny days are finally here, the flowers are in bloom, and the timing is perfect to give your garden some love. Having a healthy garden is one of the best ways to create a sustainable home and reduce your household’s carbon footprint. Below are some eco-friendly tips that will help to make your garden even more sustainable…

 

1. Compost Your Waste

Composting, which puts your natural waste to good use, is the cornerstone of any sustainable garden. All grass clippings, dead leaves, plants, flowers, and the like are rich in nutrients. By composting, you provide your garden with a natural fertilizer, free of contaminants. Not only will this provide nourishment, but it will also help to produce healthier and tastier food. Here’s how to do it.

 

2. Try Mulching

If having a sustainable garden is your goal, it’s important to treat your soil with care. Laying down a couple of inches of mulch in mid- to late spring (think: grass clippings, wood chips or chopped leaves) enriches the soil and ensures it’s as healthy as can be. Mulch also conserves soil moisture, reduces weed growth and naturally moderates the temperature of the soil. You can cover either bare dirt or freshly planted food and flowers. Find more tips here.

 

3. Optimize Your Garden Design

It’s natural to want to accentuate the beauty of your garden when designing it, but the sustainable gardener will prioritize giving plants what they need. Take into consideration which plants need direct access to sunlight, which need the most space in the garden, and any special requirements a plant may need to inhabit optimal growing conditions.

Companion planting (choosing plants that benefit each other) will attract pollinators and deter pests. For example, peas & beans feed the soil with nitrogen, and nasturtiums can lure aphids away from other plants. Plant basil and tomatoes together, too–basil boosts the flavor of the tomatoes while scaring away pests.

 

4. Use Natural Weed Killers

One of the pillars of organic gardening is to reduce the use of chemicals whenever and wherever possible. Preventing weeds naturally by using landscape cloth, mulch or corn gluten meal is a great way to start. You can also make your own DIY weed killer from household items like vinegar or even boiling water as an effective substitute for harmful, chemical-based weed killers. Whichever method you choose, it’s important to weed by hand often.

 

5. Water Wisely

Substantial watering is critical to keeping your garden healthy, but overwatering is a common practice and leads to an unsustainable garden. Research the amount of water your plants and flowers need to make sure you aren’t overwatering. In our rainy climate, rain barrels are a useful tool as their function is to catch and conserve the water from your downspouts. Here’s a charming Canadian video on how to make and install a rain barrel.

 

6. Repurpose Poop

It’s time to get down and dirty. For a more sustainable garden and even healthier soil, consider adding animal manure. Chicken, sheep, and cow manure are all popular choices. Rich in nutrients, it can be used both as a fertilizer and as a soil conditioner. Make sure the manure you purchase is free of pathogens and ask about the recommended window of time from application to harvest before you begin using it.

 

7. Go Local

Planting natively is a fast ticket to sustainable gardening. Native plants are innately acclimated to local climate conditions, making them easier to grow and maintain. Native plants often require less water to grow due to their familiarity with the soil and rainfall in your region, which cuts down on your garden’s total water intake.

 

8. Collect Dried Seeds

YES, you can save your seeds and sow them next year. Wait until the seed is fully ripe before you collect it. It’s important to gather seeds when the weather is dry and to store them in a dry place. To produce healthy plants in the future, the seed must be completely dry. Here are some great tips on collecting & storing seeds.

 

9. Stop Garden Slugs

Slugs love wreaking havoc on gardens, eating through leaves and fruit, leaving a trail of destruction. Fortunately, there are also many things they hate…coffee grounds, for example. Chickens. Rosemary. Fennel. Drowning in beer traps. Check out these awesome tricks for making eco-friendly slug repellant…you can use these to replace traditional slug baits, which contain chemicals that are highly toxic to other animals.

 

10. Replace Your Gas Mower

How else can you reduce your garden’s carbon footprint? Replace your gas mower with a more sustainable alternative. Electric mowers and push mowers are functional and more eco-friendly replacements. They’re also quieter and you never have to mess with those stinky gas cans again. For added sustainability, consider replacing your other gas-powered equipment, such as trimmers and leaf blowers.

 

Pssst…Need a bigger yard for the garden of your dreams? I can help with that.

 


 

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

2737 77th Ave SE, Mercer Island, WA 98040 | (206) 232-0446
mercerisland@windermere.com

© Copyright 2022, Windermere Real Estate/Mercer Island.
Adapted from an article that originally appeared on the Windermere blog April 14th, 2021. Written by: Sandy Dodge.

Tips, Trends & Living February 11, 2022

2022 Home Trends

Hello 2022! Life in the new normal goes on, and with it continues a trend toward all things natural and nostalgic. We’re still seeing the Scandinavian concept of “hygge” live on in warm accents and cozy textiles, but with a newer emphasis on “perfect imperfection” (known as “wabi-sabi” in traditional Japanese art). Irregular curves, handmade decor, and mismatched kitsch are slowly creeping in on the cleaner lines of minimalism. With it comes an earthier palette and an emphasis on sustainable and reclaimed materials…

 

#1: Biophilic is the Buzz Word


What started with a houseplant trend has bloomed into a full-blown biophilic craze–borrowing from a design concept centered around bringing the outdoors in
. Now plants are going beyond the pot into integrated indoor gardens, floral ceilings, greenery-inspired motifs, and plant-focused decor/furniture all designed to create a visual connection with nature. We’re also seeing a focus on natural lighting and fresh air, with folding window walls and alfresco living spaces increasing in prominence.

Looking for a houseplant refresh? Try a sansevieria (a.k.a. Snake Plant)–not only is it easier to care for than last year’s fiddle leaf fig, a NASA Clean Air Study found that it’s capable of removing pollutants such as formaldehyde, xylene, and toluene from the air in addition to CO2.


 

#2: Curves Ahead...and Overhead

 

Another extension of the nature trend, organic curves are gradually usurping the sharper geometric shapes of recent years. From curvy, retro furniture to barrel-vaulted ceilings and archways, design is taking a softer turn. A recent Pinterest report also showed trending searches for curved walls, bars, and kitchen islands.


 

#3: Down to Earth Colors & Textures


Shades of green and warm neutrals are the “it” home colors for 2022, shifting a bit away from cooler whites and steel greys. Rich earth tones such as camel and terracotta are cropping up as accent colors to promote that cozy, hygge vibe. Nature-inspired blue also remains in the palette.
We’re seeing a continued turn toward earthier gold and bronze metal hardware (in addition to contrasting black).

Layers of texture follow the earthy trend—look for natural linen and bouclé textiles, along with a mix of wood, leather, metal, and stone for furniture and accessories. Textured walls are also trending with faux plaster and limewash paint on the rise.


 

#4: Flexible Open Spaces + Extras


Open floor plans still reign supreme (even post-quarantine), but all that working from home has made us think about how we can make our spaces more adaptable.
Pocket doors, decorative screens, and kitchen islands are being seen as a way to create some division without permanently disrupting flow or line of sight.

Multi-functional furniture and rooms are also increasingly popular. Whether it’s a desk placed behind the living room couch, an ottoman with a pull-out desktop, or an integrated nook, the concept of “entangled” spaces without clear use delineations is something many people are embracing.

As an add-on to flowing public spaces, private “emotional escape rooms” are one of Pinterest’s predicted trends for 2022. Tiny library rooms, music-themed rooms, and massage rooms are all trending in searches. Home theaters are making a comeback after previously being eschewed for taking up too much space. Yoga studios and intimate lounges are also appearing more frequently on architectural wish-lists.


 

#5: Thoughtfully Curated Character

 

As supply issues have limited the supply of new furniture and decor, consumers are turning to high-quality vintage and flea market finds for a trendy, sustainable alternative. People are also infusing their personality into a more “maximalist” design concept with gallery walls full of favorite art/photos, richly patterned rugs, antique statement pieces, and favorite objects (such as guitars) incorporated into their decor.

Consumers are also putting more thought into the ethics of what they buy and where they buy it—especially as younger eco-friendly generations begin to purchase and remodel homes. Sustainable materials and energy-efficient products are in higher demand than ever. Reclaimed, locally sourced, and responsibly made furnishings are also trending in popularity.


 

Need an easy refresh? Try adding throw pillows, blankets or artwork in hues from Pantone’s Spring/Summer 2022 color palette. For paint inspiration, check out the latest trends on Sherwin-Williams’ blog.

 


 

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2022, Windermere Real Estate/Mercer Island.

Tips, Trends & Living June 8, 2020

Payback times for energy-efficient home upgrades

 

Thinking of going green? Today’s technology offers a whole host of ways to boost your home’s efficiency, reduce your carbon footprint and lower your energy bills. Some upgrades can pay for themselves in a relatively short amount of time, while others with large price tags might take decades to start paying back. The good news is that several studies have shown buyers are willing to pay a premium for green features—as much as 30% more for retrofitted green homes that become Energy Star or LEED-certified. This means that even if those fancy new features don’t pay you back right away in energy savings, you might still be able to recoup part of the cost when you sell your home. Below are the average payback times for some common items…just keep in mind that the actual payback time will depend on your initial costs and the amount of energy you typically use each month.

 

Solar Panels: 10 Years

 

According to EnergySage.com, the average cost for adding solar panels to your home in King County is about $13,850 for a typical 5kW system (a net cost of $10,249 after the 26% Federal Investment Tax Credit for 2020). Based on the amount of energy they generate in our area, they usually pay for themselves in about 10.16 years. Furthermore, a study commissioned by the Department of Energy found that home buyers across multiple states and home types were willing to pay more for homes with solar panels (about $15,000 for homes with a 3.6kW system). This may help offset your costs should you need to sell your home before the payback period.


 

Tankless Hot Water: 12-20 Years

 

In addition to giving you endless hot water, tankless water heaters are also about 20% more energy efficient than traditional storage tanks and last about 10 years longer. However, their additional equipment and installation cost means it can take quite a while for your energy savings to cover that difference—12-20 years for electric models and 22.5-27.5 years for gas models. Their longer lifespan may ultimately help them pay off in the long run.


 

LED Bulbs: 5 Months

 

Looking for an easy investment with quick bang for your buck? LED bulbs may cost more, but the amount of electricity they save more than covers the cost. A 100W equivalent LED bulb costs about $6 to buy but uses only 13% the amount of energy of its incandescent counterpart. Used 4 hours a day, it also reduces CO2 emissions by a whopping 262.93 pounds per year. Depending on the number of bulbs you have and the frequency of their use, the dollar and carbon savings could really add up over time.


 

 

Our Seattle area’s temperate climate makes it a prime candidate for heat pump heating/cooling systems. Your actual savings and payback time will depend on the type of system you choose and the amount of energy you use. According to the US Department of Energy, an air source heat pump can reduce your electricity use for heating by about 50%, while the reduction range for a geothermal heat pump is anywhere from 30%-60%. If you’re also replacing an A/C unit, the savings will add up even faster. The average installed cost in 2020 is about $5,613 nationally but can vary quite a bit; it pays to do your research and make sure you’re choosing the right unit for your needs. Boosting your home’s overall efficiency first can also increase your savings by allowing you to choose a smaller, more affordable unit.


 

Smart Thermostat: 2 Years

 

A feature of most modern green homes, smart thermostats save energy by automatically turning off the heating and A/C when you leave and learning your schedule to comfortably boost efficiency. Nest estimates an average yearly energy savings of 10-15% or $131-$145 with its Learning Thermostat, which means it would pay back its $200-$250 price tag in under 2 years. The ecobee4 is pricier at $300-$400 but claims to save 23% on heating and cooling (or more if you use their free eco+ upgrade). With heating and cooling making up a large chunk of your household energy use, smart thermostats could potentially take a nice chunk out of your carbon footprint as well.

 


 

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mercerisland@windermere.com

© Copyright 2020, Windermere Real Estate / Mercer Island