If I Had to Do It All Over Again, Here’s What I Would Do

A duplex home is the ideal first real estate purchase.

If I Had to Do It All Over Again, Here's What I Would Do

A duplex home is the ideal first real estate purchase.Life and time have a way of sneaking away from us. The older we get, the faster it seems to go, am I right? Hindsight is 20/20, and for the most part I love our life and have been happy with a lot of the choices we’ve made along the way--but one big mistake keeps me up at night: 

WE SHOULD HAVE BOUGHT A DUPLEX!

Duplexes are like a diamond in the rough and can be really difficult to come by, but oh, man…that rental income slipped through our hands like sand, and I am determined to help as many people avoid the same mistake as possible. 

First we need to clarify some definitions: 

A single-family residence is a structure that is used as a single dwelling unit. Good examples of this would be a residential house, a condominium, or a townhome. 

A multifamily dwelling is housing where multiple families/people can inhabit the same building or several buildings all within one complex.

A duplex is the ideal first purchase. Why? Because the down payment percentage for a single-family house is the same as it would be if you were to purchase and reside in a multifamily property. You will need to speak with your trusted lender to get more details on the financing. 

Long story short, you can buy property that you pay 100% of the mortgage for, or you can buy a property where a tenant can reside in the second unit and cover a large portion of the mortgage.

Some people struggle with the idea of becoming a landlord or living so closely to someone else, but for a fun way to find out what kind of real estate you should purchase, I’d encourage you to take my fun quiz HERE. 

If you’d like to chat more about the pros and cons of owning--and living in--a multifamily property, let me know

Secrets To A Stress Free Halloween

Secrets To A Stress Free Halloween

 

I bet no one told you when you were a kid that becoming an adult might take the fun out of some of your favorite celebrations. Take Halloween for example. I mean, there are so many decisions! Will you celebrate the Harvest, Día de los Muertos, or keep it classic with just good ol’ Halloween? Where should you go? How old is too old for trick-or-treating? What will everyone wear? What if it rains? Being the adult in charge of costumes, candy, decorations, and what and how to celebrate--it’s all so much work! 

This is definitely not the most serious of posts but I want to let you in on a few secrets that I have used to have a stress free October 31st.

STAY HOME & HAVE A PARTY

There are so many wonderful events happening on Oct 31st that just weren't around when we were kids. The mall has some great candy stations. Churches, and even many schools, offer Harvest Parties or sweets to the cuties that dress up.

As for me and my house, though, we opt to stay home and have a party. Nothing lavish: just chili in a crock pot, music, and friends around our fire table. It’s so much more fun and relaxing for us than running from event to event. There are also still kiddos in the neighborhood who want to trick-or-treat, and if no one is home to answer the door and hand out candy, what would they do?! No kiddos will leave our house with a frown.

FIND EASY, INEXPENSIVE COSTUMES

When our kids were little, I bought all the costumes and loved having them for the kids to wear throughout the year. As we have all gotten older I’ve decided that spending money for a single-use item does not make sense anymore. Check out the sweet outfit I put together last year in the image above. Truth be told, I was wearing most of that before I added the baby and coffee mug. This will probably be my go-to from now on, making my Halloween costume prep that much easier for years.  Find things around the house to repurpose into a costume. Challenge the kids to do the same!

JUST BUY THE BIG BAG OF CANDY

For real. This one isn't complicated. I used to turn to Pinterest each year to find cute and creative ways to package treats. I am sure that some of the kids really did appreciate the extra effort, but it was so much more stressful for me! I now realize that it was not the best use of my time, and I gladly head to Costco each year to buy the big bags of candy now.  Afterall, the candy is what the kids are really after, not an over-the-top presentation. Keep it simple. Just hand out the candy, and everyone will be happy.

Remember, the point of these types of events is not to cause us more stress--they are supposed to be fun ways for us to come together to celebrate.

So feel free to steal my “secrets,” and regardless of how you celebrate or what you call it, from mine to yours:

Happy HalloVestMuertos! 

Share your fun costumes ideas below.

Oh, and if you’re thinking you might want to host a party of your own next year, and need some new digs in which to do it, let’s talk.  I know how to help minimize that stress, too!

If you're wanting to know where to begin with becoming a homeowner, get my 6 steps guide and learn what it takes to achieve your Real Estate goals & invest in your future.

How To Prepare Your Property For Winter

How To Prepare Your Property For Winter

 

I know, I know--it’s barely October, and here I am talking about winter. But real estate is a big investment, and it’s important to maintain it properly. The fact of the matter is that some projects, like interior painting, can be fun and optional; other projects may not be very fun, but they are critical, and they can become way more expensive or difficult to complete in rainy, damp, or even snowy weather. 

The best way to stay on top of your pre-winter maintenance is first to know what actually needs to be done BEFORE the cold weather hits. Here are the most common, but important, tasks you’ll want to handle this fall, before Old Man Winter comes knocking.

SERVICE YOUR HEAT SOURCE

We all want to stay warm and cozy in our homes during the chilly winter days, but what if your heat source gives out in the middle of a storm? What if you wait until the last minute, and all of the HVAC pros are twice as expensive and booked out for weeks?

Before the cold days are upon us, I highly suggest you get your heat source cleaned, checked, and ready to bring the warmth.  This goes for all types of systems. It doesn’t matter if you have a wood stove or a heat pump, or anything in between--for peace of mind and financial savings get it serviced before you have a problem.

CHECK THE SHEATHING & SIDING

If you go up into your attic or roof crawl space and look up, you will see wood.  That is the underside of the sheathing, the boards to which your roofing material is attached. If that wood has discoloration of any kind, your roof needs to be looked at by a professional. If there are moisture spots, you may need to have the roof patched. If there is anything white or black, you’ll also need to contact a mold remediation company. The more comfortable you are with your attic space, the more keen your eye will be to any changes before they become big problems.

Just like roofing, your siding--the material that covers the outside walls of a building--is generally attached to wood sheaths.  We have a lot of moisture in Washington State, so sooner or later some wood is bound to rot. Make sure any wood that is exposed to the elements is treated in some way. Some options for treatments are water-borne preservatives, oil-borne preservatives, and light organic solvent preservatives. Caulk gaps or cracks in composite or wood siding, and properly joint any metal or vinyl siding to stop moisture from seeping underneath.  Any soft or rotting wood should be treated or replaced ASAP! This is not typically something that can be done in the wetter seasons, so tending to this task as early in the fall--or even in the summer--is very important for the maintenance of your real estate investment. 

Other external wood material, such as decking, pergolas, or arbors, should also be inspected for rot or damage.  Repair and properly seal these items now to avoid bigger, more expensive repairs next spring.

CLEAN GUTTERS & DOWNSPOUTS

Whether or not you have trees on your property, you will still want to check your gutters every fall. Debris can get stuck in your gutters and cause water damage to the underlying material. While cleaning, also check for cracks, and look at the bottom of the downspouts for any pooling water that does not quickly and easily drain away from the building; you may need to place splash blocks or diverters in problem areas.  If you attend to your gutter system once a year, you’ll have peace of mind knowing that it is ready to do its job in the rainy season.

WINTERIZE WATER SOURCES

Damage caused by broken plumbing is often avoidable. Properly caring for water pipes varies a great deal, but here in the beautiful PNW pipe insulation is usually the best way to go. Securly cover your exterior faucets with a plastic or styrofoam faucet cover to keep your pipes from freezing or bursting.  Insulating interior piping, like in the garage, is also a good idea. Oh, and don’t forget that irrigation system! Be sure to drain it properly at the end of the watering season to head off leaks in the yard when the ground freezes.

Hope this was helpful,