Real Estate & Community News

April 12, 2022

Five Ways To Make Your Home More Energy Efficient

 

Green homes are a popular trend. They are energy efficient and benefit the environment, two things that are important to a growing number of home buyers and owners. Going green can seem a little overwhelming. You may also worry about the potential cost but making your home energy efficient saves you money in the long run.

How Old Are Your Windows?

 

Homes built before 2007 do not come with energy-efficient windows, and this affects your heating and cooling costs.

Single pane windows allow outside air to leak into your home, making your HVAC system work harder. Double pane windows are better equipped at blocking air, meaning your heating and air conditioning is running less.

The cost to replace inefficient windows varies according to the manufacturer, along with the style and number that need replacing. Some window replacement companies also offer rebates and discounts that will help lower the overall cost.

Update Your Insulation

 

Homeowners often forget about insulation, but it plays a vital role in your heating and cooling costs. Insulation can also affect the noise level in the home, acting as a buffer against external sounds.

Insulation can degrade over time. Advancements in technology have also improved its effectiveness. Best of all, installers don’t need to open up your walls thanks to foam-injection technology. Installers only need to drill a small hole to replace your old insulation.

Don’t forget to insulate the attic and crawl space if it applies to your home.

Go Solar

 

Solar panels are no longer an oddity in neighborhoods. Thanks to rebates from manufacturers, energy suppliers, and state programs, installing solar panels is surprisingly affordable.

The panels convert sunlight into electricity, storing it until you are ready to use it. Electricity from your solar panels can keep everything from lights and appliances functioning, so you aren’t relying solely on your portable generator if the power goes out.

Using solar power produces noticeable savings on your energy bills. It also adds value to your home. With more people interested in green energy, it’s a great way to make your property stand out to potential buyers.

Replace Your Old Appliances

 

Kitchen appliances use a lot of energy. So does your washer, dryer, and water heater. Replacing these appliances is expensive, and it’s something most homeowners can’t afford to do all at once.

Replacing these appliances with Energy Star-rated models is worth the cost. The appliances also pay for themselves over time.

Energy Star appliances use significantly less energy, and these savings show up on your monthly electricity bills.

If you can’t afford to replace everything at once, start with the appliances you use the most.

Invest in a Smart Home System

 

Installing a smart home system will reduce energy costs. You can automate all of your electrical devices or only connect a few.

Some of the ways a smart home saves energy are by automatically turning off lights in empty rooms and adjusting the thermostat.

You can also invest in smart plugs to lower energy usage caused by phantom loads. Replacing old lightbulbs with energy-efficient LEDs will also cause your energy costs to drop.

With a smart home system, you can start small and still see savings.

Final Thoughts

 

Whether you want to see a larger return on your home investment or want to leave a smaller environmental footprint, reducing energy usage is a great place to start.

It increases your home’s value, and you also save money on electrical costs. Even if it’s only switching to LED bulbs and smart plugs, it’s a start towards owning a green home.

Posted in Homeownership Tips
April 7, 2022

West Seattle Just Sold!

 

We're so happy for our Buyer who - after beating out multiple other offers - just closed on this cutie in West Seattle! Wishing you many happy years in your new home!

#bethghomes #westseattle #westseattlerealestate #justsold #seattlerealestate #homebuyers #winningoffer #realestateadvisor

Posted in Closed Homes
April 5, 2022

Guide to Buying a Rental Property in Seattle

 

 

Investing in real estate has certain advantages over other types of investment, and now might be a perfect time to consider putting your money into a great Seattle rental property. You'll have an ideal opportunity to enjoy a positive cash flow while creating equity in your property. It’s is a win-win situation - but only if you know how to choose a Seattle property that will stand out, stay occupied, and generate the most income. To help you do just that, we've prepared tips for buying a rental property in Seattle. And in case you're still having doubts, we'll let you know if now is a good time to buy an investment property in Emerald City.

Is now a good time for buying a rental property in Seattle?

Any investment comes with risks, and so do real estate investments. Therefore, before buying, it's essential to research the current market and determine when is the right time to make that move.

 

 

When it comes to Seattle, despite relatively limited inventory, the tremendous demand caused by growing employment prospects offers real estate investors plenty of appealing options heading into 2022. In the Seattle and Tacoma areas, there's a surge in condominium sales and a rise in their value.

The other reasons that drive the Seattle real estate markets are construction and redevelopment prospects, investor demand, expected net migration, job density, and an overall healthy economy. Add an abundance of job opportunities and great universities to the equation, and it's no wonder why so many people are deciding to move there.

Because mortgage interest rates remain low, real estate sales are expected to be strong in 2022. Seattle attracts more than its fair share of young professionals and appealing renters. In a report from 2021 done by The Urban Land Institute (ULI), Seattle ranks 34th on the list of rental markets to monitor, with growth roughly a standard deviation above the national average.

Do keep in mind that ULI's report also concludes that demand will remain high and inventory low. This means that you will face some competition. However, the potential rewards for investing in a Seattle rental property might be too enticing. 

Tips for buying a rental property in Seattle

From everything we've mentioned above, you'll have to agree that investing in a rental property in Emerald City sounds like a great option. However, buying a rental property can get complicated, so we've prepared tips to help you go through this process smoothly.

Sort out your financing

No matter what type of property you're looking to buy, the first step is always the same - determine your budget and figure out your financing. Only when you know how much you can afford can you truly start looking for a property in Seattle to invest in.

 

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To finance an investment, you'll typically need to put down at least 20%, with "excellent" interest rates available after you put down 25%. The good news is that mortgage rates are expected to remain low. However, this doesn't mean you should pick the first lender you find. Instead, get offers from several and choose the one that fits best into your current financial position.

Do a thorough research

Even after you figure out the financing part, you don't want to rush and instantly start searching. Before you reach out to Beth G Homes real estate team and start attending open houses, make sure to know what you're looking for.

This will not only save your and your real estate agent's time but will also help you get valuable information. If you thoroughly research everything about Seattle rental market, you'll make an informed decision and ensure you make the most of your investment. 

Choose a type of rental property

One of the things you should also consider is the rental property type you'd like to purchase. Here are the types you can choose from:

        Condos are generally much cheaper than houses or townhouses, so investing in one is a great way to start your investment journey. On top of that, they're also low-maintenance. Still, if you want to buy a condo in Seattle, make sure that the building doesn't have a "rental gap".

        Another option is to invest in a house. Even though you can generally charge more and the tenants are more likely to stay longer, maintaining a house is a lot of work.

        Townhouses are sort of a golden middle between condos and houses. They can be relatively affordable. And, as they're newer, don't require much maintenance, and are not limited by rental restrictions like some condos.

 

Choose the right neighborhood

Another important thing to focus on is finding the right Seattle neighborhood. After all, when it comes to rental properties, location is crucial. Here are the most popular Seattle neighborhoods for renters:

        Located in the central business district, Downtown has a lot of touristy charm. It's popular with professionals and living here comes with a slightly higher than average rent.

        Quite a few new residential developments have been built in Northgate in recent years. It comes with easy freeway access and lower rent.

        Ballard is a neighborhood primarily popular among families and beer lovers. Namely, there are nearly a dozen craft breweries in the area. However, the rents here are much higher than the average, so you might have trouble finding tenants.

 

No matter which Seattle neighborhood you choose, you can be sure that getting your rental ready for the market will be very easy. There are professional services to help you every step of the way - from experienced movers to reliable property managers. As many find this helpful, you might have reasons to rent portable storage or hire a cleaning service. Whatever you need - you can count on finding it in this city! 

 

Hire a great Seattle real estate agent

Lastly, make sure to get in touch with Seattle's real estate professionals. This is especially important if you are buying from a different state. You'll need someone with extensive knowledge and experience with Seattle real estate market. A local real estate agent will understand what you want from this property and know what to look for. Also, they'll have crucial information about the rental market, too.

 

The bottom line

As you can see, buying a rental property in Seattle doesn't have to be complex. Remember, the key is in arming yourself with patience and doing thorough research. But most importantly, make sure to find a knowledgeable and experienced Seattle real estate agent who will be your right hand during the process and help ensure you don't make a huge mistake. Best of luck with your investment adventure!

 

Photos used:

https://unsplash.com/photos/QdBI1hkgMpY

https://unsplash.com/photos/NAXwZWYVJPQ

https://unsplash.com/photos/xoU52jUVUXA

https://www.pexels.com/photo/a-woman-having-a-discussion-with-a-couple-7642122/

 

April 1, 2022

2021 Awards!

Wow, what an honor we received last night at our company's awards event!

We couldn't have had such a great 2021 without the support of each and every one of our awesome clients!

Thank you and cheers to a fabulous 2022 🎉

Posted in Beth G Homes News
March 30, 2022

Renovations That Offer the Best ROI

 

When you reach the decision to list your home for sale, one thing you want to know is if there are any simple upgrades that you can make that will not only increase the value of your home but also make it more attractive to potential buyers. The last thing you want to do is spend money on an improvement that will not give you a good return on the money you invest. The best improvements may not be the most glamorous, they will though, return more money to your pocket.

 

Renovation Project #1: Minor Bathroom Remodel

Two of the three best renovation projects for return on investment (ROI) are kitchen and bathroom remodels. Believe it or not, bathrooms offer the better ROI of the two. You don’t need to create a spa-like space. Replacing the vanity, installing a new shower head, and updating lighting will make a huge difference without costing an arm and a leg. For a project like this the ROI should be 102%. Plus buyers love a remodeled bathroom.

 

Renovation Project #2: Landscaping

You wouldn’t think that spending money outside your home would give you a good return. Landscaping is the exception. This project will help get buyers to stop the car and come inside for a closer look. Curb appeal is always important and good landscaping can be a big part of your home’s curb appeal. Keep it simple and neat, but at the same time, not appear to take much work to maintain. ROI for this project is usually 100%.

 

Renovation Project #3: New Garage Door

A new garage door makes your home look and function better. No dings and no dents adds to curb appeal and returns about 94% of what you spend on the new door.

 

Renovation Project #4: Home Office/Media Room

Even before the pandemic, the trend in working from home was on the rise. Being able to transition from work-life to home-life in a few short steps is becoming the norm. A home office can increase your home’s value by as much as 10%.

 

Adding a media room will boost your home’s entertainment appeal. The ability to control light and sound are the two most important features of any media room, so a popular location for this type of room is a basement of spare bedroom.

 

Renovation Project #5: Minor Kitchen Remodel

You don’t need to demolish and redo the entire kitchen. Replace older appliances with better ones, refinish cabinets with a new coat of paint and install new cabinet hardware. This will bring you a ROI of around 98%.

 

Renovation Project #6: New Entry Door

This is easy to do and will return about 91% of the cost. The real value in doing this is the increase in your home’s curb appeal. It only takes a few seconds for a buyer to decide whether or not your home rates a closer look.

 

Renovation Project #7: Add Smart Technology

Smart technology is the latest trend that buyers, particularly younger buyers, are looking for. Having already added items like video doorbells, thermostats that can be controlled by a Smartphone, smart light bulbs, and USB ports will increase your home’s appeal to these younger buyers. The more technology they can see, the more your home will stand out from the crowd.

 

Final Thoughts

Certain improvements will improve the value of your home while at the same time they will increase demand. Making the right upgrades will bring you more money and help to sell your home in record time.

 

 

Sources:

https://www.fortunebuilders.com/top-10-home-improvements-with-the-highest-roi/

https://www.millionacres.com/real-estate-market/home-renovations/best-roi-home-improvements/

 

Posted in Homeownership Tips
March 24, 2022

Just Listed in West Seattle!

Just Listed in West Seattle! Beautifully Updated 3Bd/1.75Ba Home on Quiet Cul-De-Sac. Open Houses Friday, 3/25, 4-6pm. Saturday, 3/26, 1-3pm. Sunday, 3/27, 1-4pm.

 

 

 

Posted in Our Listings
March 22, 2022

March Home Refresh: Interior

Just like that, we're halfway through March and Spring is here!
Have you already started getting your home ready for Spring? How many items have you checked off of the "Home Refresh" list? ✅
Share below! 👇
Posted in Homeownership Tips
March 18, 2022

Green Built Homes

In this episode of Selling Seattle we sat down with Corey Fitch of BuiltWell Co to discuss building certified Green built homes. Check out the segment below and don't miss the full episode airing Saturday, March 19th, at 10am on Channel 11!

#bethghomes #builtwellco #homebuilder #greenbuilthomes #greenbuiltcertified #seattlerealtor #seattlerealestateagent #seattlenewconstruction #seattlehomebuilder

 

March 15, 2022

Selling Seattle Episode 5 Preview

Check out a preview for the next episode of Selling Seattle and don't miss the full episode on channel 11 at 10am on Saturday, March 19th. This episode features Corey Fitch, a luxury green built homebuilder.

#bethghomes #builtwellco #luxuryhomebuilder #greenbuilthomes #sellingseattle

March 8, 2022

March Home Refresh - Exterior Edition

It's time for your March home maintenance checklist - exterior edition! 🏡🌳

Spring is on the way, which means it's time to start cleaning off your patio furniture, tidying up your landscaping and getting ready for more time outdoors! 

Here are a few ways to clean up your home's exterior from any winter debris so that you're ready for Spring. 👇

#bethghomes #seattlerealestate #seattlerealtor #realestateadvisor #pugetsoundrealestate #homemaintenance #springcleaning #homerefresh #homeownership 

 

 

Posted in Homeownership Tips