Keeping Up with the Joneses: The Great Paint Debate

A few weeks back, Jenn and I decided to finally pull the trigger on painting our home. The vinyl siding of the 1942 Seattle Cape Cod fixer we purchased nine months ago had been sun bleached to the point of resembling a kind of soft lemon chiffon yellow you’d see on a cake your grandmother baked. Great for dessert, bad for today’s exterior home color.  We wanted a charming, warm and inviting new exterior home color but were fearful about what it would cost to have a professional do it. We had saved between 10-15k by renovating our bathroom ourselves.  Couldn’t we just pick up some paint and make a Saturday of it?

Pro tip: In Seattle, painting outside competes with the weather. Make sure you have a runway of at least a week of good weather to ensure you can paint the house in its entirety while leaving time for it to dry.

Seeing as the summer season was pretty much over (say it ain’t so!) and the wet Seattle fall was nearly upon us, we figured we had only a week or two left to get the job done. I’m the kind of person who jumps on a new project… and maybe sometimes I put the horse before the cart. *Cue Jenn’s pursed-lips smirk* So once Jenn and I agreed we were going through with the project, I had three different painters bid out the job and booked the least expensive (but experienced) professional within two days. I scheduled him to arrive the following day.

Good Husband Tip: Don’t give your wife 12 hours to decide what color to paint your house.

Pro TipDon’t feel bad about shopping for the best price with home professionals. They bid homes out every day and won’t be offended. Most of the time, they present a bid with room for negotiation. It never hurts to get a second bid or ask for a cheaper price.

With the pressure of our painter showing up the next day, we scarfed down dinner and took a trip to the paint store.  (I tried to convince my wife this was an opportunity for us to bond as a family unit.  “We could make it educational! Teach Addie about hues and shades!  C’mon, honey… it’ll be fun!” *Cue Jenn’s pursed-lips smirk*) We knew we had to get special paint for our vinyl siding so that narrowed it down to about 20 options.  And we wanted a sort of dark blue so we picked out two colors that looked promising and headed home to test them out.

Pro TipWhen testing paint, make sure you let it dry before you decide which color to go with.  Paint a few different swatches on various sides of the house and watch how it looks during different times of the day.

One test swatch (on the right, called “Prime Time”) was a little purplely/blue grey and the other was a slightly lighter blue (on the left, called “Stone Cold).  Those are two seriously stellar wrestler names, amiright?

 

With our painter arriving that evening, the pressure was on for us to choose. We’re Millennials so we did the only logical thing you can do when making a big decision. We asked our friends on Facebook. 76 comments later, there was still no clear answer.

Mid-debate, our dear friend Kim Gorsline of Kimberlee Marie Interior Design called us up with some highly insightful information.  First of all, a paint store has pre-mixed vinyl siding paint but they can actually make ANY color into vinyl siding paint.  Which means we had a lot more choices (which left me feeling excited and gave Jenn heartburn).  More importantly, Kim pointed out that the two options we had might not be exactly what we hoped for.  She suggested a few colors that had more grey tones and in much deeper shades.  She promised us that we’d still get the blue house of our dreams even if the colors looked dark grey on the swatches.

Pro tip: You can get small paper swatches for free or pay a few bucks for a large paper square but nothing will compare to a sample of real paint on your surface.  We spent $59.34 on paint samples and it was worth every penny.

Back to the paint store we went, grabbing three more options to test.  Our painter began taping off the trim as we took a few steps back to assess the swatches… BOOM! We had our answer… Britannia Blue by Benjamin Moore. Not the best wrestler name but a nice blue nonetheless.

We trust Kim’s vision and design talent wholeheartedly and as the days went on and the paint went up, we couldn’t have been more pleased.  I installed some new lights fixtures and house numbers that Jenn picked out.  Only this time, I gave her three days of lead time *Cue Jenn’s pursed-lips smirk*

 

Tyler Davis Jones is a Windermere Real Estate agent in Seattle who, with his wife Jenn, recently traded in their in-city condo for a 1940s fixer-upper. Tyler and Jenn, along with the help of some very generous friends and family members, are taking on all the renovations themselves. You can follow the transformation process on the Windermere Blog or on Tyler’s website and Instagram

The post Keeping Up with the Joneses: The Great Paint Debate appeared first on Windermere Colorado REALTORS.

Keeping Up with the Joneses: The Great Paint Debate

A few weeks back, Jenn and I decided to finally pull the trigger on painting our home. The vinyl siding of the 1942 Seattle Cape Cod fixer we purchased nine months ago had been sun bleached to the point of resembling a kind of soft lemon chiffon yellow you’d see on a cake your grandmother baked. Great for dessert, bad for today’s exterior home color.  We wanted a charming, warm and inviting new exterior home color but were fearful about what it would cost to have a professional do it. We had saved between 10-15k by renovating our bathroom ourselves.  Couldn’t we just pick up some paint and make a Saturday of it?

Pro tip: In Seattle, painting outside competes with the weather. Make sure you have a runway of at least a week of good weather to ensure you can paint the house in its entirety while leaving time for it to dry.

Seeing as the summer season was pretty much over (say it ain’t so!) and the wet Seattle fall was nearly upon us, we figured we had only a week or two left to get the job done. I’m the kind of person who jumps on a new project… and maybe sometimes I put the horse before the cart. *Cue Jenn’s pursed-lips smirk* So once Jenn and I agreed we were going through with the project, I had three different painters bid out the job and booked the least expensive (but experienced) professional within two days. I scheduled him to arrive the following day.

Good Husband Tip: Don’t give your wife 12 hours to decide what color to paint your house.

Pro TipDon’t feel bad about shopping for the best price with home professionals. They bid homes out every day and won’t be offended. Most of the time, they present a bid with room for negotiation. It never hurts to get a second bid or ask for a cheaper price.

With the pressure of our painter showing up the next day, we scarfed down dinner and took a trip to the paint store.  (I tried to convince my wife this was an opportunity for us to bond as a family unit.  “We could make it educational! Teach Addie about hues and shades!  C’mon, honey… it’ll be fun!” *Cue Jenn’s pursed-lips smirk*) We knew we had to get special paint for our vinyl siding so that narrowed it down to about 20 options.  And we wanted a sort of dark blue so we picked out two colors that looked promising and headed home to test them out.

Pro TipWhen testing paint, make sure you let it dry before you decide which color to go with.  Paint a few different swatches on various sides of the house and watch how it looks during different times of the day.

One test swatch (on the right, called “Prime Time”) was a little purplely/blue grey and the other was a slightly lighter blue (on the left, called “Stone Cold).  Those are two seriously stellar wrestler names, amiright?

 

With our painter arriving that evening, the pressure was on for us to choose. We’re Millennials so we did the only logical thing you can do when making a big decision. We asked our friends on Facebook. 76 comments later, there was still no clear answer.

Mid-debate, our dear friend Kim Gorsline of Kimberlee Marie Interior Design called us up with some highly insightful information.  First of all, a paint store has pre-mixed vinyl siding paint but they can actually make ANY color into vinyl siding paint.  Which means we had a lot more choices (which left me feeling excited and gave Jenn heartburn).  More importantly, Kim pointed out that the two options we had might not be exactly what we hoped for.  She suggested a few colors that had more grey tones and in much deeper shades.  She promised us that we’d still get the blue house of our dreams even if the colors looked dark grey on the swatches.

Pro tip: You can get small paper swatches for free or pay a few bucks for a large paper square but nothing will compare to a sample of real paint on your surface.  We spent $59.34 on paint samples and it was worth every penny.

Back to the paint store we went, grabbing three more options to test.  Our painter began taping off the trim as we took a few steps back to assess the swatches… BOOM! We had our answer… Britannia Blue by Benjamin Moore. Not the best wrestler name but a nice blue nonetheless.

We trust Kim’s vision and design talent wholeheartedly and as the days went on and the paint went up, we couldn’t have been more pleased.  I installed some new lights fixtures and house numbers that Jenn picked out.  Only this time, I gave her three days of lead time *Cue Jenn’s pursed-lips smirk*

 

Tyler Davis Jones is a Windermere Real Estate agent in Seattle who, with his wife Jenn, recently traded in their in-city condo for a 1940s fixer-upper. Tyler and Jenn, along with the help of some very generous friends and family members, are taking on all the renovations themselves. You can follow the transformation process on the Windermere Blog or on Tyler’s website and Instagram

The post Keeping Up with the Joneses: The Great Paint Debate appeared first on Windermere Colorado REALTORS.

What You Need to Know About the US Luxury Housing Market

Luxury homes sales across the U.S. continue to perform strongly, but I’m noticing some headwinds starting to appear that are worthy of a closer look.

It’s often thought that luxury real estate runs totally independent of the overall market, and while this is true in some respects, there are definitely correlations between high-end housing and the rest of the market.

The first similarity is that the luxury market has suffered from some the same inventory constraints that are almost endemic across all price points in the U.S. But, similar to the overall market, we are starting to see a rise in inventory, which should be good news for real estate agents and luxury home buyers alike.

Impact of rising inventory 

This increase in the number of luxury homes for sale has started to have a tapering effect on price growth, which again, is similar to what we’re seeing in the rest of the market. But as real estate professionals, we know full well that all housing is local and some markets are performing far better than others.

For example, luxury markets in Maui, Northern California, Colorado, and Sarasota, Florida, are all experiencing substantial price growth, while there are noticeable slowdowns in many parts of New York and New Jersey. Even Queens and Jersey City, which have continued to benefit from high demand, have seen price growth stall recently, indicating that those markets could be losing some steam.

Why the slowdown? 

The slowing of luxury sales in certain areas around the country piqued my interest, so I decided to explore why this is happening. The first thing I noticed is that cities with high property taxes are fairly prevalent on the list of slowing markets; this includes cities like Boston, Austin, New York City, and Chicago. It is likely that the federal tax changes limiting the deductibility of property taxes are the culprit for such slowdowns in these areas.

Something else that has undoubtedly impacted luxury home sales in markets, such as New York City and Seattle, is the significant decline in foreign buyers from countries like China and Canada. According to the National Association of Realtors, the number of purchases by international buyers fell by 21 percent between 2017 and 2018, amounting to a drop of $32 billion – the largest decline on record.  Foreign buyers spent $121 billion on 266,754 properties, making up 8 percent of the buyers of existing (previously lived in) homes.

My research tells me that foreign home buyers are pulling back amid political uncertainty in the U.S. Ongoing concerns about a potential trade war, combined with rhetoric against foreigners, have done their part to dampen some of the enthusiasm to invest in U.S. housing. Also playing a role in this slowdown is the Chinese Central Government which has started placing tighter controls on the ability to spend money outside of mainland China. And finally, rising home prices and a strong U.S. dollar are likely two other key factors behind the tumbling interest in luxury real estate from overseas buyers.

So how do I see the luxury market performing in 2019?

Luxury real estate sales in markets like Boston, Clearwater, Austin, and Alexandria, Virginia will continue to slow down for the reasons stated earlier, but in other parts of the country, home buyers will provide the demand needed to keep the market plugging along at a healthy pace.

The changes affecting mortgage interest deductions and property taxes will also continue to impact the luxury market in certain areas, but this will, to a degree, be offset by other tax changes that favor high-income households and increase their disposable income. Something else that will help keep the luxury real estate market afloat in the coming year is jumbo mortgage interest rates which remain remarkably competitive compared to historic standards.

On a whole, high-end real estate sales have been strong over the past few years. While I am predicting somewhat of a slowdown next year given the headwinds discussed earlier, 2019 will be remembered as a year where balance started to return to the luxury housing market.

 

Mr. Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K. 

The post What You Need to Know About the US Luxury Housing Market appeared first on Windermere Colorado REALTORS.

What You Need to Know About the US Luxury Housing Market

Luxury homes sales across the U.S. continue to perform strongly, but I’m noticing some headwinds starting to appear that are worthy of a closer look.

It’s often thought that luxury real estate runs totally independent of the overall market, and while this is true in some respects, there are definitely correlations between high-end housing and the rest of the market.

The first similarity is that the luxury market has suffered from some the same inventory constraints that are almost endemic across all price points in the U.S. But, similar to the overall market, we are starting to see a rise in inventory, which should be good news for real estate agents and luxury home buyers alike.

Impact of rising inventory 

This increase in the number of luxury homes for sale has started to have a tapering effect on price growth, which again, is similar to what we’re seeing in the rest of the market. But as real estate professionals, we know full well that all housing is local and some markets are performing far better than others.

For example, luxury markets in Maui, Northern California, Colorado, and Sarasota, Florida, are all experiencing substantial price growth, while there are noticeable slowdowns in many parts of New York and New Jersey. Even Queens and Jersey City, which have continued to benefit from high demand, have seen price growth stall recently, indicating that those markets could be losing some steam.

Why the slowdown? 

The slowing of luxury sales in certain areas around the country piqued my interest, so I decided to explore why this is happening. The first thing I noticed is that cities with high property taxes are fairly prevalent on the list of slowing markets; this includes cities like Boston, Austin, New York City, and Chicago. It is likely that the federal tax changes limiting the deductibility of property taxes are the culprit for such slowdowns in these areas.

Something else that has undoubtedly impacted luxury home sales in markets, such as New York City and Seattle, is the significant decline in foreign buyers from countries like China and Canada. According to the National Association of Realtors, the number of purchases by international buyers fell by 21 percent between 2017 and 2018, amounting to a drop of $32 billion – the largest decline on record.  Foreign buyers spent $121 billion on 266,754 properties, making up 8 percent of the buyers of existing (previously lived in) homes.

My research tells me that foreign home buyers are pulling back amid political uncertainty in the U.S. Ongoing concerns about a potential trade war, combined with rhetoric against foreigners, have done their part to dampen some of the enthusiasm to invest in U.S. housing. Also playing a role in this slowdown is the Chinese Central Government which has started placing tighter controls on the ability to spend money outside of mainland China. And finally, rising home prices and a strong U.S. dollar are likely two other key factors behind the tumbling interest in luxury real estate from overseas buyers.

So how do I see the luxury market performing in 2019?

Luxury real estate sales in markets like Boston, Clearwater, Austin, and Alexandria, Virginia will continue to slow down for the reasons stated earlier, but in other parts of the country, home buyers will provide the demand needed to keep the market plugging along at a healthy pace.

The changes affecting mortgage interest deductions and property taxes will also continue to impact the luxury market in certain areas, but this will, to a degree, be offset by other tax changes that favor high-income households and increase their disposable income. Something else that will help keep the luxury real estate market afloat in the coming year is jumbo mortgage interest rates which remain remarkably competitive compared to historic standards.

On a whole, high-end real estate sales have been strong over the past few years. While I am predicting somewhat of a slowdown next year given the headwinds discussed earlier, 2019 will be remembered as a year where balance started to return to the luxury housing market.

 

Mr. Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K. 

The post What You Need to Know About the US Luxury Housing Market appeared first on Windermere Colorado REALTORS.

The Seahawks and Windermere Return for Another Season to #TackleHomelessness

All of us at Windermere are very excited to kick-off our third season as the Official Real Estate Company of the Seattle Seahawks!

Once again, our #tacklehomelessness campaign is front-and-center, with the Windermere Foundation donating $100 for every Seahawks home-game defensive tackle to YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years. During the past two seasons, the Seahawks have helped us raise $66,800 through our #tacklehomelessness campaign, and this year we are looking forward to raising even more money – and awareness – for this important cause.

Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation which is to support low-income and homeless families in the communities where we have offices. Through the #tacklehomelessnesscampaign, we hope to be able to do even more.

A “scorecard” will be posted after each home game with an update on how much we’ve raised. You can follow our progress throughout the Seahawks season on our Facebook page at Facebook.com/WindermereRealEstate and on Instagram at https://www.instagram.com/windermere/.

The post The Seahawks and Windermere Return for Another Season to #TackleHomelessness appeared first on Windermere Colorado REALTORS.

The Seahawks and Windermere Return for Another Season to #TackleHomelessness

All of us at Windermere are very excited to kick-off our third season as the Official Real Estate Company of the Seattle Seahawks!

Once again, our #tacklehomelessness campaign is front-and-center, with the Windermere Foundation donating $100 for every Seahawks home-game defensive tackle to YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years. During the past two seasons, the Seahawks have helped us raise $66,800 through our #tacklehomelessness campaign, and this year we are looking forward to raising even more money – and awareness – for this important cause.

Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation which is to support low-income and homeless families in the communities where we have offices. Through the #tacklehomelessnesscampaign, we hope to be able to do even more.

A “scorecard” will be posted after each home game with an update on how much we’ve raised. You can follow our progress throughout the Seahawks season on our Facebook page at Facebook.com/WindermereRealEstate and on Instagram at https://www.instagram.com/windermere/.

The post The Seahawks and Windermere Return for Another Season to #TackleHomelessness appeared first on Windermere Colorado REALTORS.

Making a Rental Feel Like Home

Stylizing your own home can be a daunting but rewarding challenge. When you own your living space, it’s easy to feel a sense of ownership over every piece of your design. But for renters, the challenge is a bit different. Despite limitations, it’s no less important to one’s well-being for a residence to convey a sense of ownership and self. To make a rental unit feel a bit more like home, we took down a few ways to imbue your abode with your own spirit, without leaving a permanent mark in the space or your wallet.

Storage – Let’s be honest, rentals often lack sufficient storage place, and since custom cabinetry isn’t usually an option for renters, investing in some added storage is key. Add some simple shelves, bookshelves, baskets, or under the bed storage.

Blinds – Vertical blinds may be the ultimate decorating sin. No one likes feeling as if they’re living in a motel room. We suggest you either take them down or hide them under curtains. Just don’t throw them out or you may not get your security deposit back!

Accessorize – Pillows, throws, candles, books, light fixtures… the only way to get a truly genuine space. This is by far the easiest and a MUST.

Wall Art – Those pesky holes might keep you from hanging art or photos on your walls, but when it comes down to it, they’ll only take a few minutes to patch up when it comes time to move out. This doesn’t mean you have to hang an entire art gallery, but hanging one statement piece and placing the rest of the photos on a mantel or shelf should do the trick.

Rugs – Last but not least, rugs: the peanut butter to your rental jelly. If there are scratched hardwood floors or stained carpets, you can cover those up easily with a throw rug. Not only that, a rug is a great investment piece that will add your personal flavor to any space. And they absorb noise and make a room feel comfy.

The post Making a Rental Feel Like Home appeared first on Windermere Colorado REALTORS.

Making a Rental Feel Like Home

Stylizing your own home can be a daunting but rewarding challenge. When you own your living space, it’s easy to feel a sense of ownership over every piece of your design. But for renters, the challenge is a bit different. Despite limitations, it’s no less important to one’s well-being for a residence to convey a sense of ownership and self. To make a rental unit feel a bit more like home, we took down a few ways to imbue your abode with your own spirit, without leaving a permanent mark in the space or your wallet.

Storage – Let’s be honest, rentals often lack sufficient storage place, and since custom cabinetry isn’t usually an option for renters, investing in some added storage is key. Add some simple shelves, bookshelves, baskets, or under the bed storage.

Blinds – Vertical blinds may be the ultimate decorating sin. No one likes feeling as if they’re living in a motel room. We suggest you either take them down or hide them under curtains. Just don’t throw them out or you may not get your security deposit back!

Accessorize – Pillows, throws, candles, books, light fixtures… the only way to get a truly genuine space. This is by far the easiest and a MUST.

Wall Art – Those pesky holes might keep you from hanging art or photos on your walls, but when it comes down to it, they’ll only take a few minutes to patch up when it comes time to move out. This doesn’t mean you have to hang an entire art gallery, but hanging one statement piece and placing the rest of the photos on a mantel or shelf should do the trick.

Rugs – Last but not least, rugs: the peanut butter to your rental jelly. If there are scratched hardwood floors or stained carpets, you can cover those up easily with a throw rug. Not only that, a rug is a great investment piece that will add your personal flavor to any space. And they absorb noise and make a room feel comfy.

The post Making a Rental Feel Like Home appeared first on Windermere Colorado REALTORS.

Challenges Builders Face With New Construction

Housing demand remains high across the Western United States, but home-building is still struggling to keep up. What can be done to help encourage construction of new homes? Windermere Real Estate’s Chief Economist Matthew Gardner has insight.​

 

The post Challenges Builders Face With New Construction appeared first on Windermere Colorado REALTORS.

Challenges Builders Face With New Construction

Housing demand remains high across the Western United States, but home-building is still struggling to keep up. What can be done to help encourage construction of new homes? Windermere Real Estate’s Chief Economist Matthew Gardner has insight.​

 

The post Challenges Builders Face With New Construction appeared first on Windermere Colorado REALTORS.