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The Benefits and Risks of Refinancing a Home Loan Right Now
Refinancing a home loan can be confusing, especially with fluctuating interest rates. A true refinance replaces the current mortgage, and with over 50% of homeowners carrying an interest rate below 4%, it’s important to evaluate if refinancing is a smart move for you.
Reasons to Consider Refinancing
Here are five reasons you might be thinking of refinancing.
- Lower Interest Rate: Reducing your interest rate can lower monthly payments and save money over the loan’s life.
- Shortened Loan Term: Paying off your mortgage faster can save on interest.
- Switch to Fixed Rate: Moving from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage provides payment stability.
- Cash-Out Refinance: Access home equity for home improvements, debt consolidation, or other financial needs.
- Remove Mortgage Insurance: Eliminate PMI from your payment if your home has gained enough equity.
While every homeowner has a different financial situation, looking at example scenarios can help you zoom out to examine the bigger financial picture. Let’s say you have $20,000 in credit card debt with an average interest rate of 18%. Your monthly payments are high, and you’re struggling to pay down the principal. By refinancing your home and taking out $20,000 in equity, you could pay off this debt at a much lower mortgage interest rate, say 4%. This could significantly reduce your monthly payments and save you money in interest over time. However, it’s important to ensure that the new mortgage payment is manageable and the overall financial benefit outweighs the costs of refinancing.
Home Equity and Long-Term Investment
Home Equity builds over time based on national and local housing appreciation trends. A home is a long-term investment. The graphic below shows the 10-year appreciation of a $1.2M Bainbridge Island home. At the end of 10 years, the home has built up about $500K in equity, which can be tapped. The key to refinancing is understanding that some equity must stay in the home, such as 20% for conventional and FHA loans. A VA loan requires that 10% equity stays in the home.
Cost Analysis
When considering refinancing, it’s important to understand the costs involved and how they impact your overall financial picture.
Here are some key costs to consider:
- Closing Costs: These can be up to 2.5% of the loan amount and can include:
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- Administration Fees: The cost to process the loan.
- Appraisal Fees: Usually between $-0- and $800, this fee covers the cost of assessing your home’s value.
- Escrow and Title Insurance Fees: Protects against any legal issues with the property title.
- Recording Fees: Charged by the local government to update public records.
- Prepayment Penalties: Some existing mortgages have penalties for paying off the loan early. If your current mortgage closed within one year, check with your loan officer.
- Points: You can pay points to permanently lower your interest rate. One point equals 1% of the loan amount.
- Other Fees: These can include credit reports, flood certification, and tax service, which may amount to less than $200.
Consumer Awareness
Understanding and being informed about the refinancing process and its impact on your finances is essential. It helps you make better decisions.
Here are some tips and strategies to discuss with your trusted loan officer:
- Evaluate Your Financial Situation: Ensure refinancing aligns with your long and short-term financial goals, including total payment analysis and future appreciation benefits.
- Understand the Loan Terms: really understand the new loan terms, including the interest rate and monthly payments.
- Consider the Break-Even Point: Calculate how long it will take to recoup the refinancing costs with your monthly savings.
- Consider the Impact on Your Credit: Refinancing can affect your credit score. Multiple credit inquiries can lower your score temporarily, but the long-term benefits of a lower interest rate can outweigh this.
- Plan for the Future: Think about how refinancing fits into your overall financial plan. Will it help you achieve your goals? It may help you pay off debt, fund your child’s education, or make home improvements.
Break-Even Point
To determine if refinancing is worth it, we’ve included an example of a break-even calculation, which is the time it takes for the savings from the lower monthly payments to cover the refinancing costs.
Here’s a simple formula:
If your refinancing costs are $5,000 and you save $200 per month, your break-even point would be: 25 months
If you plan to stay in your home longer than 25 months, refinancing could be beneficial.
Work with a Trusted Local Lender
Here at Windermere Bainbridge Island, we’re proud of our partnership with Penrith Home Loans. Cherie Kesti, a trusted, local Penrith Home Loan Officer, is an excellent resource. In fact, she provided most of this article’s helpful information. Cherie can provide a comprehensive analysis of your refinance options. She will tailor it to your goals, factoring in the current equity in your home. If now isn’t a beneficial time, Cherie can help you understand the equity target and optimal conditions needed to better align with your financial objectives. Simply contact her to get started.
Sustainable Living & Bainbridge’s Environmental Nonprofits
Bainbridge Island is a vibrant community at the forefront of sustainable living. Just a quick ferry ride from downtown Seattle, it is home to many environmental nonprofits. Check out the important work being done to ensure Bainbridge Island remains an eco-friendly place to live.
Preservation and Restoration
Many organizations are involved in the preservation and restoration of Bainbridge Island’s land and water. Since 1989, the Bainbridge Island Land Trust has helped protect over 1,400 acres. Over 1,000 of those acres are open for public use. Additionally, the Bainbridge Food Forest supports farmland protection. It is dedicated to creating a locally-sourced food system. Likewise, Friends of the Farms is working tirelessly to preserve local agriculture and support the farming community on the island.
Also, Bainbridge Island Parks & Trails Foundation works with stakeholders to improve parks, trails, and recreational opportunities, funding and mobilizing resources. The Bainbridge Island Watershed Council is committed to restoring the watersheds and the shorelines of the island. They do this through stewardship, outreach, and education.
One way to help Bainbridge’s forests is to join the Weed Warriors. Simply grab your gloves and sheers. This group has weed-pulling events to promote forest health.
Sustainable Living Practices
Many local organizations focused on sustainable living practices are part of the Sustainable Bainbridge initiative. Bainbridge GreenWays is on a mission to reduce the need for cars on the island. They advocate for a network of trails and paths to allow residents to walk or bike safely to school and work.
Meanwhile, ReFashion Bainbridge encourages residents to rethink their role as fashion consumers and their environmental impact. They host a fall clothing swap and a fun, annual Re-Fashion show.
If you want to reduce your carbon footprint, check out the Bainbridge Island Zero Waste group. Their website contains interesting blog articles and useful information with best practices. They also list upcoming events. Additionally, they have a comprehensive guide about what to do with old household goods lying around.
Educational Resources
Preservation, conservation, and sustainable practices take time to adopt. But the more you know, the easier it is to get involved. EduCulture: Education in the Field includes a program for school children and educators called Edible Education. They host farm tours, field study opportunities, and farm-to-fork programs.
Bainbridge Beach Naturalists hosts beach explorations for the public. The goal of these explorations is for residents to gain a greater understanding (and appreciation) of the animals that inhabit the shoreline. Moreover, they are also a part of monitoring beaches and reporting findings to other stakeholders throughout the area and state.
How to Support Local Nonprofits
If you have little time to spare but want to show your support, check out the annual Red Envelope Campaign: One Call for All. A local tradition since 1960, it services all of the non-profits on Bainbridge Island. The campaign raised over $2,000,000 in 2023. Currently, the 2024-2025 campaign is accepting donations.
Sustainable Homes for Sale on Bainbridge Island
If you seek a sustainable living community, check out the Grow Community. This is a Net Zero neighborhood on Bainbridge Island. The community boasts solar power to cut down on energy costs. Additionally, it has what’s called a ‘5-Minute Lifestyle.’ Everything someone would need (grocery stores, doctors, the library, restaurants, etc.) is intentionally within a short walking or biking distance. The neighborhood has a great walkability score.
Additionally, the community is meant for all ages and includes a broad range of housing types. Residents can enjoy nature in many of the green spaces. There are native plants, a community garden, and a large park with open space for residents to gather. If this type of community piques your interest, contact one of our highly-rated local real estate agents. Many homes in the community have sold, but there are some new ones coming to market. Our agents will also be able to discuss other options that might fit your interests and needs. They’re highly knowledgeable, and many of them grew up here or have lived here for years.
North Kitsap Fall Festivities You Won’t Want to Miss
Local fall festivities are a highlight of the recent season change. Bainbridge Island and nearby cities host many enjoyable activities to get in the spirit of autumn. Whether it’s kicking off the season with Oktoberfest, celebrating the spookiness of Halloween, or burning off sweet treats at the local Turkey Trot, this time of year is sure to be a blast.
Pumpkin Patch at Bainbridge Island/Suyematsu Farms
Bainbridge Island/Suyematsu Farms’ pumpkin patch is open and ready for you. It includes a tractor ride around the pumpkin patch and a Kiddie Hay Maze. Keep an eye on their website and social media for updated event information. It’s a local favorite!
Squash Hunt at Bloedel Reserve
This fun activity for the family runs from October 1 – October 31. Children can get a special sticky bracelet to gather nature items on the scavenger hunt. Take a photo with the garden’s largest gourd and guess its weight for the chance to win a special prize. Timed tickets are required with entrance to the reserve. The tradition began in 2011 and has a fascinating history.
Pumpkin Walk at Bainbridge Gardens
Similarly, the Pumpkin Walk at Bainbridge Gardens also runs from October 1 – October 31. Many families have turned this free event into a family tradition. The Pumpkin Walk runs along the Nature Trail and features hundreds of hand-painted pumpkins. Not only is it fun to enjoy a range of cleverly painted pumpkins, but you can also add your own painted pumpkin to the walk. If you’re there on a Saturday, you can enjoy the food trucks too. Donations are accepted and will benefit the Bainbridge Island Boys and Girls Club.
Tarot Card Reading at Eleven Winery
If you’re looking for something different to get into the Halloween Spirit, check out the Tarot Card Reading happening at Eleven Winery on Saturday, October 5th from 4:00 PM – 7:00 PM. Each reading is $20 and no reservations are required. Jessica from Down to Earth Oracle will be there for those looking for a mystical time while sipping wonderful wine.
Poulsbo Beer Run – Oktoberfest 2024
If beer is more your style, consider the Poulsbo Beer Run on October 5th. Spots fill up quickly and registration ends on September 26th (register here). If there are still spots available, registrations will be accepted during package pickups on October 3rd and 4th. This four-mile run (or walk) includes a tasting at five breweries and a cider house.
Trick or Tree: Glow-In-The-Dark Candy Egg Hunt
In Poulsbo, the Olmsted Tree Farm will be hosting a glow-in-the-dark candy egg hunt for six nights in October, starting Oct. 11th. There will be family entertainment, games, a fire truck and the popular Great Candy Grab. (Essentially, children sort through loads of straw to find as much candy as possible.) For those brave enough, you can also roam the Spooky Woods. Last year the event sold out, so buy tickets now.
Haunted Hayride at Battle Point Park
If you have teens or are simply looking to celebrate the scarier side of the season, check out the ever-popular Haunted Hayride at Battle Point Park. The event is hosted by the Bainbridge Island Metro Park & Recreation District. It will run the weekend of October 15th – 17th from 5:30 PM – 9:00 PM and tickets can be reserved here. Many slots are already full, so run to get your spot.
Haunted Heronswood
In Kingston, the Freaky Family Fun Night at Heronswood Garden will take place on Friday, October 18th from 5:00 PM – 9:00 PM. Advanced tickets are not required, and tickets can be bought at the gate. Younger children can stick to the illuminated pumpkin trail, while older kids can try out the Trail of Terror. Creepy characters will walk the grounds and there will be scary mood lighting throughout.
Bainbridge Island Halloween Walk (Hometown Halloween)
On October 31st, businesses on Winslow Way close at 3:30 PM to sponsor a trick-or-treating event. Local businesses hand out candy, and there is free hot cider. And, attendees can vote for the best merchant costume! Our Windermere Bainbridge Island office loves participating and giving out candy. Watch the video below to get a glimpse of the fun we’ve had in the past.
Bainbridge Island Turkey Trot
After all the candy from Halloween and before a huge Thanksgiving meal, consider participating in the Bainbridge Island Turkey Trot. It will take place on Thursday, November 28th. The event runs throughout Battle Point Park and supports Helpline House Food Bank and Social Services of Bainbridge Island. It’s the perfect way to wrap up a season of fall events before the winter festivities begin. We’re also proud supporters of Helpline House and greatly appreciate their vital work in our community.
If you’re new to the area and want to keep abreast of more fun, local events, check out our Guide to Bainbridge Island. We also have a Kitsap Events Guide, which lists annual and recurring events happening each month.
Managing Expectations When Buying a Home
Buying a home is an exciting process, but there are many steps involved. The timeline can vary greatly based on your situation, needs, wants, and goals. We’ve compiled some tips below to help you manage your expectations, which will reduce stress and result in a smoother, more enjoyable process.
Create a Focused Approach
As soon as you start seriously considering the prospect of purchasing a home, make a list that clearly details your needs, wants, and nice-to-haves. Home buyers, especially first-time home buyers, will often talk about a few specific things like a minimum of three bedrooms, a fenced yard, a big kitchen, or their ideal work commute. However, those few details aren’t enough to paint a clear picture. It also won’t filter out that many homes for sale online, and in this process, specificity is your friend.
To create a focused approach, try listing all of the things you’d love if you could wave a magic wand and have this property right now. If you’re doing this with a partner, create separate lists without talking and then come together to share. Also, when collaborating, it can help to do this with sticky notes so that you can put them up on a wall and compare, compile, and categorize needs or deal-breakers, wants, and nice-t0-haves. Get as clear as you can by asking yourself questions like these:
- What is the minimum square footage you need?
- How many bedrooms and bathrooms are necessary?
- Which type of home suits you best?
- If you’re looking at a waterfront home, do you prefer or require a low bank or high bank?
- If you’re buying land to build a home, what is your minimum lot size or acreage?
- Is it really important to you to be within walking distance of a downtown area, specific school, and/or nature?
- What driving distance is a deal-breaker for your work commute?
- What characteristics do you look for in a neighborhood? If you’re looking on Bainbridge Island, which neighborhood will suit your lifestyle best?
- How much are you willing to go over the asking price if a multiple-offer situation arises?
- If you’re downsizing, will this be a home where you can age in place?
- If you’re open to a home that needs some repairing or remodeling, what is your ballpark budget to set aside for that?
- What is your ideal timeline and what is a timeline that you can make work?
(Check out this article if you need to buy and sell simultaneously.)
Learn as Much as You Can Beforehand
It’s easy to look at houses online, but what will really help you is to learn as much as you can before you tour homes. Your Realtor should have extensive knowledge of the local real estate market. Working with a local agent can benefit you in many ways. Not only will they know the latest about your specific market, but they can also tell you about neighborhoods that may suit you best, which schools are known for what, and the amenities that are near homes you’re eyeing. Highly rated local agents also have strong ties to the community, so they can serve as a valuable resource long after closing. They will answer your questions, lay out a general timeline, and guide you through the process. The more you understand the complexities of the market and the home-buying process, the more you’ll know what to expect.
Choose Your Agent Carefully
Choosing your real estate agent is a very important decision. With a highly knowledgeable local agent, you’ll be able to better understand what to look for and what to avoid. You’ll be able to turn to someone who can discuss market trends and provide local insider information. Your agent should be a great listener, a skilled problem-solver, and a strong negotiator. And, if you’re buying here in WA, be sure to watch the video below so you’re aware of our real estate law changes.
Useful Tips from a Local Interior Designer
Whether you’re wanting to update your home or you’re preparing to sell it, you’ll probably benefit from working with an interior designer. While there are many great local interior designers, we know that some of our agents here at our Windermere Bainbridge Island office are fans of Kim McCall Design, so we connected with Kim and her team to learn some tips of the trade.
Tell us about your team & the history of Kim McCall Design. How did you get started?
I am fortunate to have a talented, diverse team. We came together over the years with a shared passion for creating beautiful spaces.
I started my design practice in 2005 and my staging business began organically during the housing market crisis in 2008. The market was flooded with inventory and agents were looking to differentiate their listings and make them stand out. To help agents I provided consultations with their clients to prepare their homes for sale, and the rest is history!
Since then, we have grown into 3 warehouses with vast inventory for staging and a thriving interior design practice.
What interior design styles or trends are you seeing a lot of right now?
Clean, modern design in architecture, furniture, lighting, and plumbing is popular now. More smart home capabilities: programmable LED lighting, heating/cooling, security systems, and window coverings can all be controlled through a phone.
Are there any interior designer myths that you commonly hear?
The myth is that an interior designer comes into your home and imposes their own sense of style. Most clients know what they like but don’t know how to achieve their vision. I get to know my clients on a personal level to understand their wants and needs.
I simplify the process and guide them on a curated journey with the goal of elevating their home within their budget. I offer streamlined ideas and options that bring forth the client’s vision in an unexpected way. My goal is to make their house feel like their home.
What are a couple of ways people can refresh their home without spending a great deal?
Don’t be afraid to move furniture and art throughout your home. Sometimes, the smallest changes have a big impact on how we feel about our space. Many people hang their art too high. To achieve a gallery look, start by lowering your art to eye level height. Pair down by storing some of your collectibles and rotating your items on display.
Which local vendors, suppliers, or shops do you love to utilize?
Furnish Bainbridge, Tasdemir Rugs, Eagle Harbor Window Coverings, Modest Home, Mallory Paint Store, Conservatory Coastal Home, Clark Construction, Cogwheel Construction…This is just a short list we have so many great local options!
What home remodeling projects are the most popular right now? And why do you think this is?
Kitchen and bathroom remodel projects are the most popular. The kitchen is the heart of the home and serves as a gathering place for family and guests to enjoy. Bathrooms are a private space to unwind. I like to find a balance between form and function by pairing beautiful finishes with luxury appliances and fixtures.
Are there any interior designer social media accounts that inspire or excite you?
There are so many people that inspire me, to name a few: Amber Interiors, Studio McGee, Amy Storm & Company.
What’s one design secret that you can share with us?
Use plants and organic elements to soften spaces and add visual interest. Adding texture with rugs, textiles and accents can help to create a layered harmonious space.
Thanks Kim & team! For more ideas, check out our article about home decor inspiration, which features some great local finds.
Sell As-Is Or Make Repairs? Your Questions Answered
When selling a home, many decisions need to be made. Should the home be sold as-is? Should you make some repairs but skip others? What repairs will guarantee a worthwhile return on investment? We’ve got the answers to some frequently asked questions.
What are the benefits of selling as-is?
Selling a property “as-is” means the buyer will purchase the home in its current condition. This strategy tends to work better in a seller’s market. Home buyers go into the home sale with the understanding they will not be able to ask for repairs during negotiations or after home inspections.
For the seller, there are a few reasons why something may be sold as-is. First, it eliminates the need to undertake large expenses, such as replacing an aging roof. Or, perhaps the seller is in a time crunch, and their moving timeline will not allow for major repairs or projects. For other sellers, the simple convenience of selling a home as-is may be reason enough to forgo big projects prior to selling.
What are the cons of selling as-is?
Selling a home as-is could result in less profit. Another possibility is that the home could sit for a longer time on the market. If the buyers require financing, they may face challenges from their lender. Some mortgage loans require certain repairs to secure financing if the home is in poor shape.
Take into consideration Bainbridge Island market conditions when deciding whether to sell a home ‘as-is.’ An experienced real estate agent can also conduct a Comparative Market Analysis to price the home correctly. Homes that are properly priced generally sell faster. Your detailed CMA report will evaluate similar homes sold in your neighborhood to estimate your home’s value.
What upgrades give me the most bang for my buck?
Each year, the trade publication Remodeling releases a Cost vs. Value report. It compares 23 remodeling projects and compares their value at resale. There are four investments with a high return on investment for the Seattle area. Siding replacement (fiber cement siding or vinyl siding) can have a Return on Investment of up to 150%. An HVAC conversion, a fiberglass front door replacement, and a garage door replacement are other profitable projects for our area. Check out their list to see if a kitchen or bathroom remodel is worth your time and effort before selling. You’ll also want to discuss specific potential projects with your local real estate agent. They will know what is worth it based on their local market expertise.
How can I fund home updates with high up-front costs?
If you have decided to invest in some home repairs or upgrades, but they come with a hefty price tag, consider the Windermere Ready program. With guidance from an experienced real estate agent, this program’s goal is to allow you to invest in high-impact repairs and home updates to sell your home for more. It offers up to a $100,000 loan and includes a customized consultation, an action plan, and professional staging.
Which repairs are necessary before selling?
While high-end upgrades and home projects might make the home more aesthetically pleasing, essential home repairs should also be kept in mind. The repair and cleaning checklist in our Guide to Selling a Home is a comprehensive document for prepping your home. Simple repairs include fixing loose trim and fencing, stopping leaking faucets, and applying a quick coat of paint to cover small knicks.
Similarly, don’t forget the outdoors. A working doorbell and a functioning front porch light will leave a good impression, even if you’ve decided to sell the home as-is.
What’s the least I can do to ensure my property looks presentable?
Whether you’ve decided to sell the home as-is or invest in some upgrades, still ensure it presents well. A decluttered space will leave a good first impression. Clear countertops and store extra items out of sight. Pull up your sleeves and start scrubbing or invest in getting your home deep cleaned. Get rid of any unwanted odors and pay attention to details that buyers and their agents will notice, such as dirty window sills and ceiling fans. Then, ensure the exterior is clean too. Wash windows, clean your porch and/or deck, and make sure you keep your lawn mowed and tidy.
What do I have to tell buyers about the condition of my property?
When it comes time to disclose the condition of the property to potential buyers, follow all rules and timelines to complete the Washington State Seller Property Disclosure. Also known as Form 17, it is required by Washington state law (RCW 64.06.020). The form includes typical property issues that may arise.
Who can I talk to so I can decide if I want to sell as-is or make repairs?
We have a team of experts who are willing to review your selling needs, timeline, and budget. Our agents would be happy to discuss whether selling the home as-is would be most beneficial to you. Or, perhaps a few home upgrades would be worth the time and effort to sell your home for top dollar.
Real Estate Designations & Why They Matter
Are you looking for a Realtor to help you buy or sell a home on Bainbridge Island? If so, you may be comparing agents and wondering what the titles or acronyms next to some of their names mean. Understanding the National Association of Realtors designations and certifications will help you choose a professional best suited to your needs. For example, if you are an out-of-state buyer, you may prefer a local agent who is an Accredited Buyer’s Representative and a Relocation Specialist (more on those specialties below). You also want someone who really knows Bainbridge well and can help you discover the best Bainbridge Island neighborhood for you.
If you’re thinking of selling, a local agent will be able to conduct an accurate Comparative Market Analysis (CMA), and an agent with specific certifications or designations relative to your unique situation could further benefit you. For example, if you’re older and thinking of downsizing, it could help to work with a Senior Real Estate Specialist. Read on to learn more.
Accredited Buyer’s Representative (ABR®)
These agents have specialized knowledge about homebuyers. First-time homebuyers could consider seeking out an accredited buyer’s representative.
Accredited Land Consultant (ALC)
Land experts bring additional knowledge and experience to the table in regard to land auctioning, leasing, development, farm management, land investment analysis, and tax deferment. While not a necessary designation for home purchases, consider a qualified professional if you’re looking into land investment or development.
Certified Commercial Investment Member (CCIM)
If you are looking to lease, purchase, or sell commercial property, a professional certified in commercial real estate is a must. Their vast knowledge of the intricacies of commercial real estate will prove incredibly beneficial.
Certified International Property Specialist (CIPS)
Real estate transactions can vary depending on where you are. If you’re considering an international move, a certified international property specialist will be able to provide a wealth of information. From understanding different international processes to having access to a global referral network, this niche certification is a must for those handling sales and purchases outside of the United States.
Certified Real Estate Brokerage Manager (CRB)
More than office managers, a certified real estate brokerage manager understands the nuances of strengthening an office’s professional standards and performance. They have gone through specific certifications in order to manage a brokerage and ensure the highest level of productivity and performance.
Certified Residential Specialist (CRS)
This certification is reserved for top-performing residential sales agents, managers, and brokers. It is considered a prestigious designation and one of the highest levels of success a Realtor can achieve.
Seller Representative Specialist (SRS)
Some agents choose to work specifically with sellers. Agents with this designation have in-depth knowledge of the home-selling process. Additionally, they have training in marketing that is geared toward effectively presenting a home for sale.
Senior Real Estate Specialist (SRES®)
Older Americans may have specialized challenges and goals to maneuver when selling or purchasing a home. Working with clientele over the age of 50 is considered one of the fastest-growing sectors of real estate. This designation shows an agent understands factors such as downsizing, financial impacts, and other factors to consider when moving (such as aging in place).
Luxury Home Certification (LHC)
A luxury home certification demonstrates an agent has additional training for purchasing and selling a luxury home. They have a deeper understanding of current demands for luxury homes, trends in that specific segment of the market, and building customer relationships.
Relocation Specialist (RELO)
If your home selling or buying journey (or both) is happening from a distance due to a job relocation, consider enlisting the aid of a relocation specialist. These professionals manage the moving process so working professionals can continue concentrating on their jobs. Relocation specialists aid in the management pieces of packing, moving, selling, and finding a new home, shipping automobiles, and more.
The Best Agent For You
Our Windermere Bainbridge Island office is home to agents who offer a wealth of knowledge and expertise. Some have additional specialties in new construction and waterfront properties. There are even equestrian advisors and luxury advisors. Truly, finding a local, trusted agent with expertise related to your specific goals is invaluable.
8 Ways to Enhance Your Home’s Curb Appeal
Whether you’re thinking about selling your home or simply want to spruce up its exterior, now is a great time to focus on its curb appeal. Curb appeal includes the house’s exterior, yard, landscaping, and driveway. It’s the first thing people see when they come to your home. A welcoming exterior increases your home’s value on average by 7%. There are simple projects you can do to make your home look great and increase its curb appeal.
Paint the Front Door
Who doesn’t love an eye-catching front door? Painting your front door is a great way to increase your home’s curb appeal. As the entrance, it’s a signature aspect of your home and plays a big role in potential buyers’ perceptions. Before picking a color, think about what would best suit your home. There are many aspects to consider, and reviewing them can help you pick the best option. You’ll need to decide whether your house benefits most from a bold, elegant, or more neutral color. Painting a front door is an easy DIY project. Or, if you’re hiring a professional to do other painting projects, you can simply add the front door to the list. If you’ve decided to paint the door yourself, follow these instructions to get started.
Clean the Windows
Sparkling clean windows really enhance your home’s curb appeal. If your windows are looking filthy, this is a great time to remove the grime. Follow these tips for the best shine and to avoid streaking. The last thing you want is your windows drawing the wrong kind of attention on sunny days. If your home is two stories or more, you may want to hire a professional. It’s important to use caution when accessing hard-to-reach windows, and professional window cleaners have all the proper equipment.
Paint the Outside
If it’s been a while since you’ve paid attention to your home’s exterior, it might be time for a new coat of paint. You want your home to look top-notch in every possible way to improve its curb appeal. Before choosing a color, take time to research color combinations, factoring in your home’s overall look. This includes picking colors for the siding, trim, and front door. You’ll want to pick colors that complement each other or neutral colors with an eye-catching front door.
If your house has vinyl siding, power washing removes dirt to help it shine again. While you’re cleaning, check for damaged siding. You’ll want to fix this to avoid further damage and before listing your house.
Landscape Your Yard
Often potential buyers see the state of your yard as a broader indication of your home’s care and maintenance. As a result, gardening and landscaping play a key role in enhancing your home’s curb appeal. Start with the easiest tasks, such as tidying your yard and mowing your lawn. Next, tackle your garden. For a well-manicured look, add mulch to your garden beds. Plant flowers and foliage that give texture, depth, and pops of color. Depending on the time of year, you may also need to prune trees and/or trim hedges. Remember, each aspect of your yard combines to create an overall look, so you want to address all the little details to improve the big picture. For tips and advice, check out our Q&A with Bainbridge Gardens. This popular local garden center is operated by the third generation of the Harui family, and it has been in business for over 65 years.
Improve Your Front Porch
If you’ve neglected your front porch, you’re not alone. This area can get overlooked. Examine it carefully, looking for peeling paint and scuff marks. Often, the front porch receives a lot of wear and tear, both from our rainy weather and from heavy foot (and paw) traffic. It may be time to repaint or refinish it.
Once that’s taken care of, focus on how the porch serves as a natural transition area from the front yard to your home. Use potted plants to give it some charm and personality. Also, if there’s room, consider adding some new seating, such as a porch swing or nice outdoor chairs. This can help you enjoy the space more, and if you’re looking to sell, it can help buyers picture themselves relaxing there.
Power Wash the Driveway
Depending on the layout of your home, the driveway may play a big role in overall curb appeal. If the driveway leads to the front of your house, make sure you inspect and clean it thoroughly. A good power wash will get rid of layers of dirt and leaves. For driveways in disrepair, now is the time to invest in having it resurfaced. The last thing you want is prospective buyers driving over major bumps and potholes.
Fix Outdoor Lighting
Nice exterior lighting provides a lovely ambiance. Make sure all your outside lights are clean and in good working condition. Wash off dirt and cobwebs and replace bulbs as needed. If your yard is not well-lit, consider adding new lighting fixtures. This improves the overall appearance and safety of your home.
Get Expert Advice with the Windermere Ready Program
If you’d like to do more to increase your home’s value before putting it on the market, the Windermere Ready program is available. This program takes the guesswork out of how best to enhance your home by working with a local expert. A Windermere Real Estate agent creates a customized plan identifying the best updates to make (inside and outside) with the highest potential impact. Our brokers know what improvements will have the maximum effect on improving your property’s value. For improvement projects that are more involved, the Windermere Ready Program can provide up to $100,000 in assistance. When your home is sold, the loan is paid off in one lump sum. To ensure your home sells for the highest possible price in the shortest amount of time, you can contact us for more information.
Gardening Benefits & What to Plant in Zone 8b
It’s that time of year when sunny days are becoming more frequent. Now is the time to get outdoors and start gardening! Gardening can benefit you in many ways, some of which we’ve highlighted below. Not sure what to plant here in zone 8b? Read on to learn more about that too.
Why Garden?
You might be wondering: what’s the point of gardening? Why should I invest so much time and money into a hobby that results in some fruits and vegetables? Actually, there are many health benefits associated with gardening, as well as many environmental benefits.
Health Benefits
There are mental and physical benefits to gardening. In regards to mental health, gardening can decrease symptoms of depression and anxiety. Furthermore, gardening can help reduce your stress levels. In fact, it has even been used in addiction rehabilitation programs. Studies have shown it can provoke positive feelings in patients, and it has correlated with program completion rates.
Physically, gardening is a great way to exercise and move your body. Additionally, gardeners experience the benefits of increased vitamin D. If you are part of a community garden, you can also reap the benefits associated with social gardening for overall improved health.
Environmental Benefits
Sustainable gardening is gaining traction and popularity in the gardening world. This form of gardening emphasizes organic practices and resource conservation. Gardeners can create nutrient-dense soil, use water conservation strategies, and help build a habitat that supports birds, insects, and pollinators.
By carefully selecting plants and materials to use, the home gardener can play a pivotal role in improving our climate. Check out this comprehensive list of sustainable gardening practices to get started.
What to Plant in Zone 8b
The USDA developed a Plant Hardiness Zone Map to help gardeners determine what to plant and when for the greatest chance of plant survival. Bainbridge Island, and more broadly, Kitsap County, is a part of Zone 8b. By following the suggested planting calendar, your odds of growing a successful garden increase greatly.
April, May, and June are great times to plant asparagus, bok choy, lettuce, melons, herbs, and more. You can also check out this easy-to-reference Zone 8 Planting Schedule.
Pro Gardening Tips
Proper soil conditions are essential for a garden to thrive. First, ensure the bed is clear of rocks and debris, loosen the soil, and add some compost. A soil test is a great resource for understanding the soil’s makeup and pH levels. Next, choose your seeds or plant starts, noting the time of year to plant them based on zone hardiness.
Keep the planting bed clear of debris, and ensure plants have enough sunlight and water. Finally, make sure you’re doing what you can to attract pollinators. You can download this guide to selecting plants for pollinators. Additionally, check out this article for tips on pest control in the garden specific to the Pacific Northwest.
Additional Resources
Bainbridge Island has an amazing gardening support system in person and online. Check out Bainbridge Gardens’ website, stop by their shop, or read our interview with them for some quick, easy-to-apply tips.
Whether this is your first or fiftieth time planting a garden, take the time to appreciate the many benefits. We wish you a gardening season filled with beautiful flowers and a bounty of fresh fruits and vegetables.
New Agent Spotlight: Ashley Stroup
When buying or selling a home, having an agent who’s an enthusiastic, knowledgeable problem-solver can be so beneficial. Meet Windermere Bainbridge Island Broker Ashley Stroup. Ashley recently joined our team, and we’re grateful for her vibrant energy and expertise. Read our Q&A below to learn about her background, community involvement, and more.
What drew you to real estate?
I have had so many people over the years tell me I should be in real estate with my love for homes, design, and sales. I think I was intimidated, honestly! But in 2019, while interviewing agents to sell my own personal home, I was recruited to work alongside a top agent in a design/home renovation role for up-and-coming listings at the firm. I found it to be the perfect mix, utilizing my design eye, connections with contractors, and love of homes. From there, I started interacting more with clients and realized a natural connection that felt very rewarding, and I haven’t looked back!
What unique professional skills do you possess that enhance your abilities as a Realtor?
Having worked in commercial design and renovation, I have a unique ability to help clients bring their property to market with just the right updates for the biggest return on their investment. Additionally, I enjoy helping my buying clients envision possibilities for their dreams for a property they may be considering.
What personality traits do you think are important in this profession?
Creativity, compassion, and determination. Every real estate transaction is one-of-a-kind, and being quick on your toes and thinking creatively when problems arise is essential for getting your client’s deal across the finish line. Secondly, I often feel like a therapist – I think we all do! Buying and selling a family home is often the biggest emotional transaction of people’s lives, and compassion is key. Lastly, determination. Rarely does any client get to the finish line without setbacks and unforeseen obstacles along the way. I try to limit as much stress as possible for my clients, and that requires determination on my part to show up and utilize my experience to meet deadlines.
Which areas do you serve, and what do you love about the area?
I started my real estate career while living on top of Queen Anne Hill in Seattle. I specialized in that area until the summer of 2023. After my family moved to Bainbridge Island, I began working in both areas. I am now focusing more on Bainbridge Island properties. I’m proud to live in such a welcoming community, and there is so much to do and enjoy here every day.
How long have you lived here, and what brought you here?
My family and I moved to Bainbridge in the wake of the pandemic, in 2020. I think, like many families during that time, we sought an area that provided more access to nature, high-functioning schools for our children looking for academic challenges and special needs resources, and a thriving community. Bainbridge ticks ALL those boxes, plus others! I have no regrets and truly feel we are giving our children a magical place to call home.
How are you involved in the community?
I’m involved in book clubs, running clubs, and school volunteering. Also, I serve as the social coordinator for my neighborhood community beach.
What made you decide to work with Windermere Real Estate?
Windermere has a great reputation for full-service representation. This aligns so well with my client-focused philosophy. I am honored to be part of the Windermere office on Bainbridge Island, and I truly love working and living in this thriving community!
To learn more about Ashley Stroup, check out her website, and follow her on Facebook and Instagram.
