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6 Common Real Estate Misconceptions
Although the internet can be a helpful resource, it is also full of misinformation and sound bites that lack context. When it comes to our industry, there are many misconceptions about real estate, so we thought it would be helpful to address six common ones.
1. Renting is cheaper than homeownership
If you frequently relocate, it may be more cost-effective to rent than to buy a home. However, if you want to put down roots, homeownership can be beneficial. Investing in real estate is often a positive financial move to make, with appreciation typically occurring over a five- to nine-year period. While you don’t have the flexibility you have with renting, you are building equity, accumulating wealth over time. You’re investing in your future versus living in the present. Granted, there are other factors to consider, like the local housing market, your financial situation, and your personal and professional goals. But, overall, homeownership can be quite advantageous.
2. As a first-time homebuyer, you need to have a 20% down payment
Many first-time homebuyers think that they need to have a sizable nest egg in the form of a 20% down payment to even consider buying a house. But 20% isn’t mandatory across the board. In fact, conventional loans can require as little as 3% down for qualified borrowers. Additionally, there are zero down payment loans such as the VA loan for those who qualify. It is, however, important to keep in mind that the larger your down payment, the less you will need to borrow. If you borrow less, you lower your monthly mortgage payment, and that means less interest paid over the life of the loan.
3. Selling a home FSBO (For Sale By Owner) will save you money
If you’re considering selling your property, you may think selling it yourself will ensure that you save money. Sure, you won’t have to pay a real estate agent’s commission fees, but there are many risks to consider. In some FSBO cases, the home isn’t properly priced and the owners miss out on potential buyers, increasing how long the property is on the market. In other cases, the home is undervalued and the owners lose the money they could’ve made on it by selling it for too little.
A great deal goes into effectively preparing a home and strategically marketing it. A highly-rated, local seller’s agent can conduct a free Comparative Market Analysis (CMA), discussing it’s current value, how it compares to similar homes, and developing a comprehensive approach with next steps. A great agent knows which updates will benefit your home before putting it on the market, how to properly prepare it, and the advantages of partially or fully staging it. They will ensure that it’s expertly advertised with professional photography, a brokers’ tour, and print and digital marketing campaigns. Furthermore, FSBO listings are not found on the MLS so you’re really limiting your pool of potential buyers.
Selling a home yourself also comes with the risk of legal issues. Negotiations and a variety of legal forms are also part of this complex process. You want a knowledgeable advocate in your corner. Your home deserves to be sold with a professional’s expertise, and your wallet will thank you. In fact, FSBO homes usually sell for less. According to the annual survey conducted by the National Association of Realtors in 2024, “FSBO homes sold at a median of $380,000 in 2023, still far lower than the median selling price of all homes, which was $435,000.”
4. All real estate agents are the same and simply deal with paperwork
While these transactions do require a lot of paperwork, a good real estate agent does so much more. Whether you’re buying or selling, you want someone who knows the local market and the nuances of different neighborhoods. A well-connected agent has access to a wide range of listings, can compile comparative data, and is connected to the local community. They also have excellent resources and local vendors, and will project manage the entire process as your guide. Because real estate is so tied in with big life changes, many agents serve as a trusted confidant, and help in various ways from renegotiating after an inspection (more on that below) to helping with lenders, repair workers, and movers. Many bend over backwards when it comes to preparing the home for sale or finding their clients that dream home that will be the perfect fit. Whether you’re wanting to buy or sell, our highly rated Windermere Poulsbo agents are ready to assist. We say we’re “all in, for you” and we truly mean it.
5. Home inspections aren’t necessary
Home inspections are valuable for both homebuyers and sellers. If you’re selling your home, a pre-listing inspection can prevent any surprises from popping up when the home goes on the market. If you’re a buyer, a pre-listing inspection can give you peace of mind, identifying any maintenance issues that need to be completed right away. It creates transparency and builds trust between both parties. Also, it can help the real estate agent properly price the home if you don’t want to do an expensive repair before listing it. If you’re the buyer, and the seller had a pre-listing inspection done, you can accept that one or have your own done. This inspection can also be used in negotiations with the seller to ensure your needs are met and any concerns are addressed.
6. Fixer-upper homes are always a great investment
Some buyers think that fixer-upper homes are easy to spruce up with a few cosmetic improvements. But there is quite a range when it comes to fixer-uppers. If you haven’t seen the old Tom Hanks movie “Money Pit”, we suggest checking it out. Some of these homes have serious structural issues. Others may not be a sound investment based on the scope of repairs, the location, the local market, and/or your financial situation. For example, a fixer-upper may need all new flooring, new siding, and a new roof while another might only need minor roof repairs, a fresh coat of paint, new lighting fixtures, and some landscaping.
If you are looking for a fixer-upper needing a smaller-scale renovation, avoid homes for sale that would require re-roofing, replacing HVAC systems, and full-scale room remodels. While fixer-uppers are enticing to handy individuals or people who know great, local contractors, there are always different possible outcomes to consider. Projects may run long and over budget. The costs of supplies may increase and the market may change once the house is ready to move into or to rent as an investment property. We suggest talking to your homeowner’s insurance beforehand to understand what’s covered and what isn’t. Yes, fixer-uppers have a lot of potential, but you want to ensure you’ll get that return on your investment.
What to Know Before Moving to Poulsbo
Located right in the middle of North Kitsap, Poulsbo’s small town charm, mixed with its proximity to so much, makes it a desirable place to live. Here are some things to keep in mind if you are thinking of moving to Poulsbo or the surrounding areas.
Many adventures are within reach
Poulsbo is conveniently located at the gateway to the Olympic Peninsula. As Windermere Broker Marisa Robba says, “Our proximity to the Olympic Mountains is second to none.” You can easily explore beautiful places like Olympic National Park, which is home to rainforests, mountains, and waterfalls. Historic Port Townsend and sunny Sequim lie just across the Hood Canal bridge, the third-longest floating bridge in the world. To visit Seattle, you can catch a ferry from Bainbridge Island or Bremerton, or walk onto Kingston’s fast ferry.
There are countless recreation options
Poulsbo itself may only be a bit more than five square miles, but there’s much to be explored, especially when it comes to spending time in the great outdoors. Windermere Broker Bridget Young from the Kimmel & Young team shared, “For those who value an active lifestyle, the proximity to three downtown marinas and numerous world class trail systems makes our area suitable for everything from hiking and mountain biking to kayaking and boating. There are so many options to choose from. There is truly something for everyone.”
In Poulsbo you’ll find 16 parks, totaling 137 acres of land. These parks range from playgrounds and picnic areas to trails, sport courts, and a community P-patch garden. The newest park, Rotary Morrow Community Park opened on April 19th, and Raab Park will celebrate the opening of the new Play For All accessible playground on May 10th.
Local shops like Infinity Cyclery and Sasquatch Cycle Works are great places to find cycling and mountain bike gear. There are plenty of nearby trails to enjoy including the Port Gamble Forest Heritage Park and Poulsbo Pump Track. Both of these were created in partnership with the Evergreen Mountain Bike Alliance. Additionally, Poulsbo Rotary’s annual Viking Tour features three courses, ranging from 17 to 57 miles, and a brew fest at the finish line at Muriel Iverson Waterfront Park.
If you’d rather be in the water, you can rent kayaks or paddle boards from Olympic Outdoor Center at the Port of Poulsbo (during the summer months). Alternatively, bring your own kayak or paddle board and drop in at Oyster Plant Park or the boat launch downtown. The Kitsap Peninsula Water Trails connect Poulsbo with many other areas via an extensive water trail system.
For pickleball lovers, head to Pickleball Kingdom. It recently opened in Poulsbo and features 12 indoor courts. Said to be the fastest growing sport in the country, pickleball was originally started in neighboring Bainbridge Island.
Poulsbo hosts many fun festivals and events
No matter the season, you are bound to find exciting activities and events to check out in Poulsbo. There is a growing arts and music scene, including the Poulsbo Blues & Jazz Festival, affectionately known as the PB&J. You can enjoy monthly art walks on the second Saturday of each month in Historic Downtown Poulsbo as well as the Poulsbo Kid’s Book Festival, and the Poulsbo Film Festival. Additionally, local breweries and wine bars frequently host live music, dance lessons, craft nights, and trivia events.
Longtime community favorites, the Jewel Box Theater, and Kitsap Children’s Musical Theater delight audiences with their many performances throughout the year. You can catch a performance of “The Importance of Being Earnest” at the Jewel Box through May 11th. Or, purchase tickets for “The Wizard of Oz” with performances running from June 12th – 29th.
Historic Downtown Poulsbo boasts dozens of locally-owned shops, restaurants, bakeries, breweries, and more. The Poulsbo Farmers Market has the longest season of all Kitsap farmers markets, running Saturdays from April to December, annually.
There are strong Nordic ties
Poulsbo is known as “Little Norway” and “The Viking City.” Founded in the 1880s by Norwegian immigrant Jørgen Eliason, many other Scandanavians from the midwest were also drawn to the area because of how similar it was to their homeland’s mountains and fjords. From the large Viking statue welcoming you to town, to the oversized viking ship and Uff-Da murals, you’ll find Nordic touches around every corner. The largest annual event, Poulsbo Viking Fest, takes place the third weekend in May every year, a nod to Syttende mai, Norway’s Constitution Day on May 17th. Approximately 30,000 people attend over the three days of festivities.
The Poulsbo Sons of Norway lodge has one of the largest memberships of all Sons of Norway lodges in the world. It’s also home to the largest group of Vikings. If you spend much time in Poulsbo, you’re sure to see these fur-clad folks posing for photos or handing out candy. During the holiday season, there’s a Nordic craft market and Julefest.
Windermere Broker Lora Benson, who is on the Poulsbo Historical Society board, believes that “the preservation and education of Poulsbo’s rich and diverse history have contributed to making Poulsbo such a special place now and will continue to well into the future.”
Learn more about Poulsbo’s history, and check out our Kitsap Events Guide. And, if you’re in need of a highly-rated, local real estate agent who knows Kitsap County’s market, our experts are happy to assist.
Boost Your Curb Appeal to Increase Your Home’s Value
When it comes to selling your house, one of the best first steps you can take is improving your home’s curb appeal. When prospective buyers first see your home, they are looking around inside of it, but also examining everything outside of it. The entire view of your home from the street, including the yard, landscaping, and driveway, has the potential to draw people in. It’s also the first thing people see when looking at houses online. A photo of your house and yard is typically the first featured image. Both in person and online, curb appeal increases your home’s value on average by 7% and improves buying prospects. Here are some simple projects you can do to enhance your curb appeal, increasing your home’s value and making it look great.
Consider Painting Your Front Door
Painting your front door is a simple, yet fun and effective way to increase your home’s curb appeal. The front door is the entrance to your home and one of the first things people see from the street. Its appearance can set the tone for how your overall house is perceived. Before rolling up your sleeves and reaching for a brush, take time to consider which look best suits your home. Could your house benefit from a front door that’s stately, eye-catching, or something more neutral? There are many aspects to consider when choosing a color. This can easily be a DIY project. Or, if you prefer, you can hire a professional. If you decide to tackle painting the door yourself, follow these seven simple steps to complete the new look.
Enhance Your Front Porch
If your home has a front porch, make sure it looks welcoming! This is a great task to do in conjunction with painting the front door. Start by evaluating the condition and appearance of your porch’s paint. If there are scuff marks and peeling, it’s definitely time for a fresh coat. If the paint looks good, then focus on making the porch an inviting space and natural transition area from the front yard to your home. Start by removing any and all clutter and make sure it’s sparkling clean. Consider adding a porch swing or some durable outdoor chairs. Then spruce it up with potted plants, but don’t go too crazy. You want to give everything and everyone room to breathe, including the greenery. You want prospective buyers to be able to see themselves sitting outside, relaxing in their new home.
Take Time to Landscape
Many potential buyers see the upkeep of your yard as a reflection of your home’s care and maintenance. This makes landscaping essential to improve your home’s curb appeal and value. Make sure your lawn is green and freshly mowed. You may want to add pavers to create a distinct stone edging around garden beds. A fire pit, bird bath, fountain, or raised garden bed can also make your home more appealing. Buyers will be able to easily imagine relaxing weekends in your backyard. This is another great touch that improves your home’s first impression online. Laying mulch in your garden beds also makes your yard look well-manicured.
Paint or Power Wash the Outside
Take a good look at the exterior of your home and decide whether it needs improvement. Remember you want the house to look top-notch to improve curb appeal. If needed, a new paint job can make all the difference when it comes to making a good first impression. Before starting, research color palettes and consider the overall look of your home. If you plan on painting the front door, researching paint colors for both goes hand in hand. You’ll want to pick colors that complement each other. This includes other home accents as well, such as shutters and trim.
If your house has vinyl siding, then a power wash is a great way to remove dust, dirt, and grime to help it shine again. While you’re cleaning, check for any broken or damaged siding. This is definitely something you’ll want to fix before listing your house.
Learn about the Windermere Ready Program
If you’re not sure how to get started or how best to improve your home’s curb appeal, the Windermere Ready program is available to help. Through a personal consultation, a Windermere real estate agent will create a customized home plan identifying the best updates to make with the highest potential impact. This includes updates to the exterior to improve curb appeal and the overall value of your home. Some of the suggested updates may be easy DIY projects. For projects that are more involved, the Windermere Ready Program can provide up to a $100,000 loan to assist with expenses if needed. When your home is sold, the loan is paid off in one lump sum. For more information about the Windermere Ready program, please contact us. We want to ensure your home sells for the highest possible price in the shortest amount of time.
Fun Date Night Ideas in Kitsap County
When it comes to a night out, Kitsap County has plenty of options. Whether you’re looking for a romantic stroll, a fun excursion, or a delicious meal, there are many ways to create a memorable evening with that special someone. Here are some interesting ideas to get you started.
Explore Port Gamble Historic District
For a date night that begins in the afternoon and then turns into a fun evening, consider charming, historic Port Gamble. It’s a sweet place to spend an afternoon exploring quaint shops with unique treasures. Then hit one of the trails for a hike or bike ride. Port Gamble Heritage Forest offers 30+ miles of trails. If the weather is decent, you could rent kayaks from Olympic Outdoor Center. Next, grab a drink at House 11 Taproom & Bottle Shop. They offer many great beers on tap as well as an eclectic mix of wines. If you’re hungry, they offer delicious small bites.
For a larger meal, you could stroll over to Butcher & Baker Provisions. A locally sourced farmhouse restaurant, butcher shop, and bakery, this place is often busy with locals and tourists stopping in before or after hitting the Port Gamble trails. So, consider ordering online to ensure it’s ready when you arrive.
A Date Night in Bremerton For Foodies & Movie Lovers
Take dinner and a movie to the next level by treating your taste buds to a meal at Restaurant Lola in Bremerton. This cozy, 20-seat restaurant has incredible food and offers the perfect romantic evening for foodies. They have a rotating seasonal menu prepared by renowned chef John Hall who has worked with Michelin-starred chefs. Restaurant Lola has created quite the buzz, and it’s well deserved. Restaurant Lola is currently open Wednesday – Sunday for dinner. We highly recommend making a reservation in advance.
After dinner, head to the Historic Roxy Theatre to watch a show. First opened in 1941, the Roxy Theatre plays movies, hosts live music, and much more. Frank Sinatra, Bing Crosby, and local favorite MXPX frontman Mike Herrera have all graced the Roxy’s stage.
Sweet Sips on Bainbridge Island
Looking for a romantic date night that involves vino? Consider driving to Bainbridge Island for a wine-tasting adventure! Bainbridge Island is home to several wineries that offer tastings and tours, making it the perfect spot for wine lovers. Sample different varietals while learning about the winemaking process, and perhaps even pick up a bottle or two to take home as a memento of your special night. Additionally, many of Bainbridge’s wineries have exciting events throughout the year, from live music to game nights, “corks & canvas” painting events, to food pop-ups. Check out their events calendar to learn more.
Lowkey Fun in Downtown Poulsbo
If you and your date simply want a great night out where you can have some laughs and hang out, head to Western Red Brewing right here in beautiful Poulsbo. They have fun trivia nights, line dancing, and brewery tours. Check out their events calendar.
Another option in Poulsbo is grabbing some tasty takeout for a picnic by the water. Try the popular plant-based burgers from Juicy J’s or pizza from local favorite, Poulsbo Woodfired Pizza. Both are steps from Muriel Iverson Williams Waterfront Park. Take a stroll down the boardwalk that hugs Liberty Bay as the sun sets. For dessert, stop into Island Cool Ice Cream. They have a range of flavors, milkshakes, sundaes, and root beer floats.
However you decide to spend your date night, we hope you enjoy the beauty and charm of Kitsap County.
Low-waste Solutions and Upcycling Ideas for Your Home
For many, spring is a time for deep cleaning. Before you start throwing things out, think about how they can be upcycled or reused. It’s also a good time to see what you can do to lower your home’s energy usage. Small, manageable changes can lead to effective low-waste solutions. Here are some ideas to get started.
Reduce electricity usage
There are many ways to reduce your electricity usage. These strategies are beneficial to the planet and can lower your utility bills. Puget Sound Energy has a PSE Flex program to help manage energy usage during peak hours. Those participating can earn rewards and rebates for managing energy usage during peak times. One example is using a smart thermostat.
LED lights will also save energy. They use an average of 90% less energy than traditional incandescent bulbs. Another strategy is to unplug unused appliances so they don’t continue to draw energy. Speaking of appliances, you may want to invest in ENERGY STAR appliances. These appliances meet strict energy requirements set forth by government agencies and can significantly reduce water and energy usage.
Re-use natural resources wisely
Another easy low-waste solution is to reuse natural resources. There are a few ways to do this naturally in the Pacific Northwest. First and foremost, our wet weather makes rainwater collection a viable option. Check local rules and governances on rainwater collection since it might not be safe to drink. However, the water can be safely used in your garden during sunnier months.
Composting is another way to reuse food waste. Your fruit and vegetable scraps, egg shells and coffee grounds can be mixed with dry leaves and cut grass to create a rich soil for your garden. Check out our beginner’s guide to composting. Additionally, the Environmental Protection Agency has a wonderful composting resource.
Limit single-use products and plastics
More and more merchandise is coming out that helps reduce the need for single-use products. One example is the Swedish dish cloth, which is reusable and compostable. According to their website, a single Swedish dish cloth can replace the need for 17 rolls of paper towels. Similarly, cloth napkins are a great alternative to paper napkins since they can be washed and reused repeatedly for years. Imagine how these two items alone can reduce the amount of trash in your home. These are simple, cost effective low-waste solutions.
Choosing a reusable water bottle over a single-use plastic water bottle can also make a big difference over time. In fact, Americans buy approximately, 50 billion water bottles each year. That’s about 13 bottles per month, per person in the United States alone. So, simply by switching to a reusable water bottle, you could save an average of 156 plastic bottles each year.
Single-use plastics are something you can easily avoid in many forms. Try switching to compostable resealable bags. By no longer purchasing plastic sandwich bags, you’re reducing your use of single plastics and saving money by reusing the compostable ones. Instead of using plastic wrap, try American made Bee’s Wrap, which is made of beeswax, organic cotton, plant oil, and tree resin. Together, these ingredients make a malleable food wrap that you can hand wash and reuse many times. After about a year of usage, you can compost it. According to their website, one pack of Bee’s Wrap can save 1,667 sq. feet of plastic wrap from ending up in our oceans and landfills annually.
Recycle and save what you can
There is an amazing amount of material that can be recycled. Check out Kitsap County government’s website: Waste Wizard. Type in what you’re looking to dispose of and see if it can be recycled and which local facilities will accept it as a donation. Also, check out these ideas to save energy in your household, such as line-drying clothes on sunny days and considering solar panels.
Finally, don’t throw away what can be saved. If it’s a broken appliance or another household item, see if you can repair it first. Kitsap County hosts Fix-it Fairs for mending and repairing goods. Participants can bring two items looking to be salvaged, and a crew of handy volunteers will work to repair the piece.
Repurpose and upcycle
Are you crafty or do you enjoy a challenge? Instead of throwing out a piece of furniture or decorative item, consider repurposing it. Architectural Digest offers a wealth of repurposed furniture inspiration. Repurpose a bedside table, using it as a plant stand instead. Paint an old dresser and add new hardware to give it new life while matching your home’s décor. There are many ways to repurpose or upcycle your home furniture to keep it out of a landfill. Old shutters can be used as cabinet doors. A wood pallet can become a patio table. Simply reuse paper bags or old cloth scraps as wrapping paper. Check out these clever ideas to upcycle other items in your home.
Whether it’s saving energy, conserving natural resources, or saving household items, there are a plethora of ways to reduce your carbon footprint. Try a few of these low-waste solutions this season and have fun discovering new ways to freshen up your home with our planet in mind.
Unique Places to Visit in Kitsap County
In every corner of Kitsap County, there are beautiful places, and some go unnoticed, especially if you’re visiting or aren’t originally from here. Sometimes, there might even be places you often pass but never stop to check out. Here’s a list of ideas to help you uncover some local gems that are a bit off the beaten path.
Three Places to Relax in Nature
Tucked between North Kitsap High School and highway 305 in Poulsbo, this urban trail is a tiny oasis. It follows a stream and small waterfalls down the terrain. A one-mile out and back trail, this is a great spot for a brief moment in nature. One of many Poulsbo parks, you can combine this hike with a visit to others nearby to complete the extended park-to-park loop.
Halls Hill Labyrinth – Bainbridge Island
If you haven’t been to Halls Hill Lookout & Labyrinth yet, consider this your sign. In this meditative space, you will find a 36’ labyrinth with 11 circuits. It’s based on the 13th Century French Chartres Cathedral labyrinth. It features a natural stone mosaic and overlooks Blakely Harbor. There is also a swing to sit and listen to the birds in the trees and watch the water in the harbor. Be sure to check out the beautiful prayer wheel. When spun nine times, the prayer wheel activates a 300-pound cast bronze bell. It was recently restored, thanks to the Bainbridge Artisan Resource Network (BARN). The Lookout, on Halls Hill Road, was donated to the Bainbridge Island Parks & Trails Foundation by IslandWood founders Debbi and Paul Brainerd to honor Noel Burke, a beloved employee of IslandWood who died in 2005.
Dickerson Creek Waterfall – Bremerton
A highly-rated but perhaps under-utilized local waterfall hike, the Dickerson Creek trail is on the Ueland Tree Farm property. Dickerson Falls is the easiest hike of an approximately 2-mile, round-trip hike on Dickerson Trail from the Lebers Lane Trailhead. The elevation gain is about 150 feet. In 2017, two dozen volunteers from the Evergreen Mountain Bike Alliance installed a bridge and viewing area above the falls. This multi-use trail welcomes hiking, biking, horses, and leashed pets.
Interesting Parks
Buck Lake County Park – Hansville
Spanning 155 acres, this park is a haven for recreation and outdoor enthusiasts. It features a playground, ball field, basketball court, volleyball court, and a lake for swimming and non-motorized boating and fishing. The reservable picnic area is the perfect spot for an outdoor gathering. Adjacent to the park is the Hansville Greenway Wildlife Corridor (view PDF). That’s where you’ll find multi-use equestrian, hiking and biking trails through wetlands, meadows, and forests. A vital habitat for various wildlife species, this park is wonderful for birdwatching and nature photography.
Kitsap Memorial State Park – Poulsbo
Located between Poulsbo and the Hood Canal Bridge, Kitsap Memorial State Park has so many amenities to enjoy. From camping to beach combing, events to recreation, this place is a must-see destination. A Discover Pass is required to visit, but you can enjoy fee-free days periodically. The Log Hall Heritage Area can be used as a wedding venue with beautiful views of the Hood Canal. You can camp here year round. Many sites include full hookups, and there are also four cabins.
Manchester State Park – Port Orchard
Located on Rich Passage just across from Bainbridge Island, Manchester State Park is a 128-acre park with wooded hiking trails and over 3,400 feet of saltwater shoreline. The park has an interesting military history. It was originally established to defend Puget Sound in 1899. The former Torpedo Warehouse now serves as a unique picnic shelter. Year-round camping is offered at the park, with 50 different campsites and one group site. A Discover Pass is required for entry.
A Few of Kitsap County’s Unique Treasures
100+ year-old Camperdown Elm Tree – Kingston
Nestled beside the Village Green Community Center in Kingston, you’ll find a beautiful, old Camperdown Elm Tree. According to a Kitsap Daily News article, it is one of three historic Camperdown Elms in Kitsap County. It’s said to be over 100 years old. These trees are cultivars that cannot reproduce from seed. Their DNA is essentially the same as the original tree found at the Camperdown House in Dundee, Scotland. You’ll find another one in nearby Port Gamble. Part of what makes the Camperdown Elm beside the Village Green so special is that you can carefully duck under its umbrella-like branches to marvel at it. You may even want to pop into the library, which is tucked inside the Village Green, to grab a good book and then sit near the tree.
An iconic landmark of the island, Frog Rock has been a local favorite since 1971. But if you aren’t originally from here, you may know nothing about it. As the story goes, the rock was originally dynamite blasted in the 1940s to make room for a dairy barn. One early morning in 1971, two high school students painted it to become the beloved creature you see today. You’ll find it as well as a newer ladybug friend at the three-way intersection of Phelps, Spargur, and Madison.
A true trash-to-treasure story, the Elandan Gardens was created in the early 1990s on the site of a former landfill. It’s tucked away on the side of highway 16 between Port Orchard and Bremerton. This garden overlooks Sinclair Inlet and it’s home to about 350 bonsai trees. The oldest one is about 2,300 years old. You won’t want to miss this Kitsap County gem, and you can check out their Facebook page to learn more.
Wherever you decide to explore, we hope you enjoy learning more about Kitsap County and all it offers. If you’re curious about our local communities and want to learn more, check out our Guide to Kitsap.
Buying a Waterfront Home – What You Need to Know
Picturesque views of the Puget Sound, late summer nights on the shore, and the ever-present possibility of an orca sighting. While the serenity that comes from a waterfront home can’t be beat, there are some considerations to keep in mind for this type of property. What exactly do you need to know before buying a waterfront home in Kitsap County? We’ve explained some key components below.
Enjoy a strong potential for appreciation in home value
A huge benefit of waterfront properties is their appeal to potential buyers. On average, waterfront homes appreciate faster than others. In addition, they are often highly sought after when they are listed.
Discover the investment property potential
Another benefit of owning a waterfront property is the potential to rent it out. The short-term rental market is ideal for waterfront homes. If there are times of the year when you would be willing to rent (such as summer), it could be a profitable venture. Our colleagues at Windermere Property Management manage hundreds of homes here in Kitsap County, including waterfront properties, and they’re happy to answer any questions you have about rental properties.
Choose between high-bank and low-bank waterfront properties
Once you’ve decided to purchase a waterfront property, there are two types to consider. A high-bank waterfront property is situated higher above the water line than a low-bank property. This often results in more expansive views. However, high-bank properties will not always be beach accessible.
Conversely, low-bank waterfront homes are closer to the shoreline. As a result, they tend to be better for buyers looking for easy access to water sports and the beach.
Understand your property line
Waterfront property can be subject to fluctuations because of the changing tides. Be sure to fully understand what your property line includes and how the lateral line extends into the water. Depending upon Washington or local regulations, portions of your property might be open to the public.
Know how tide heights impact the use of the property
Property along Puget Sound will be affected by the tides. Shifting tides could affect the recreational use of the property. For example, low tides may make using boats at certain times of the day impossible. High tides may take away the beachfront of the property. In some instances, king tides may make the property more susceptible to flooding.
Get proper insurance
Know what your insurance covers since waterfront properties require difference insurance than homes further inland do. A homeowner’s policy might not be enough. You may be required to have flood insurance if the property is in a flood zone. Some lenders require certain insurance coverage before finalizing a home loan. Sufficient coverage will give you peace of mind and protect your waterfront property.
Conduct thorough inspections
Waterfront property inspections have different needs. Along with the main property, there are often structures built into or around the water and shoreline. Find a qualified home inspector to thoroughly inspect bulkheads, pilings, or docks. A great local real estate agent will be able to connect you with a highly knowledgeable home inspector who will check everything and answer any questions you have.
Be prepared for emergencies
Emergency preparedness is important for all homes in Kitsap County, but you may find some unique needs as an owner of a waterfront property. If the home is more isolated or not on a main road, it may be harder to access in an emergency. Also, waterfront homes are often more open to the elements. This can make them more susceptible to wind or water damage. It’s important to always be prepared for an emergency, especially on the waterfront.
Consider additional costs of a waterfront property
There are extra costs associated with waterfront properties. Reinforced windows and exteriors may be needed, which are more costly. In addition, to enjoy the benefits of living by the water, you may spend more on outdoor furniture and outdoor activities. Finally, maintenance costs are generally larger to keep docks, boat lifts, and more in working order.
Be prepared for winter on the waterfront
It’s important to be ready for those chilly days and nights. There are special steps to take when winterizing your waterfront property. First and foremost, prevent any potential water damage from freezing pipes by properly disconnecting and caring for the plumbing. Ensure the roof is secure and the gutters are clear. Take in outdoor furniture and seal any air leaks around windows and doors. Finally, inspect your dock and make sure any water vehicles are properly stored.
For many, owning a waterfront property is the dream. With these tips in mind, owning a home on the water here in the Pacific Northwest should be a wonderful experience with fewer surprises. For more information, check out our home-buying checklist or speak to one of our highly-rated local real estate experts here at Windermere Poulsbo. Many of our brokers have extensive experience buying and selling waterfront properties and can answer any questions you may have.
Home Buying FAQs: Investment Properties, Co-Buying & More
There are different ways to go about buying a home. As a homebuyer, your situation, goals, and expectations about the process can vary widely. To demystify the home-buying process, we’ve compiled a list of some of the most common questions with useful information to help you get started.
How can I start the home-buying process?
It’s important to start the home-buying process by answering some key questions.
- Where do you want to live and why?
- What amenities, aspects of the neighborhood, and the community are you looking for?
- When it comes to the type of home you want to buy, what are your needs versus your wish-list items?
- Are there life situations to consider when factoring in the type of home that will suit you/your family best? (For example, needing a single-level home, a fenced backyard, a home office, or proximity to the ferries for your commute.)
- What is your budget?
A highly rated local real estate agent will help walk you through the home-buying journey. So finding a great agent and then discussing your answers to the questions above will help you create a path forward.
Another excellent resource is Windermere’s Guide to Buying a Home. It offers a comprehensive overview of the home-buying process, including pre-approval and other steps involved. Additionally, it explains purchase and sales agreements and inspection reports. You’ll also find helpful moving tips in that guide.
What should I look for in an investment property?
There are two types of residential real estate. One may be used for you to own as your primary residence. The other may be used as an investment opportunity. In this case, you, as the owner, do not occupy the home but purchase it for financial gain. If you are in the market for an investment property, there are different factors to consider. Just as you would consider when purchasing your primary residence, consider the area the investment property is in, local amenities, and future development of that area. Additionally, consider current rental listings and vacancies, major employers in the area, and average rents. Once you purchase an investment property, follow all laws to ensure it is properly maintained and gets rented quickly for the highest price. If you don’t want the stress that can come with being a landlord, Windermere Property Management is a wonderful local option here in Kitsap County.
What are the ownership options when I buy a home?
If you are looking to purchase a home, you may decide to do so independently. In this case, you will be the sole owner of the home. Another option is to co-buy a property. In this case, ownership of the property is split between two or more people. Be sure to consult with a real estate attorney to iron out details of the agreement, such as down payment, home repair, and mortgage payment responsibilities between the parties.
There are pros and cons to co-buying a property. On one hand, it can be a good way to enter real estate if you don’t currently have enough funds alone. On the other hand, there is the risk the co-buyer will be unable to uphold their end of the deal should their financial situation change. Carefully consider your situation and possible outcomes when deciding how to purchase a property.
What types of home loans are there?
There are many different home loans, and a mortgage consultant is going to be your best resource to ensure you find the right one. Loan terms can range anywhere from 10 years to 30 years. Fixed-rate mortgages have one interest rate for the entire length of the loan, whereas a variable-rate loan may change over time.
Conventional loans typically require 20% down, but other loan programs can assist individuals such as first-time homebuyers. An FHA (Federal Housing Administration) loan only requires 3.5% of the purchase price down, while a VA loan offers zero down as long as the sales price isn’t higher than the home’s appraised value. Check out this Q&A with Mortgage Consultant Cherie Kesti for an in-depth look at mortgage options.
How can I reduce my monthly payment?
With today’s interest rates, many buyers are looking for ways to decrease their monthly mortgage payments. First and foremost, you should be in a strong financial position to take out a home loan. Have as much cash on hand as you can for the down payment. You want your credit score to be as high as possible and to reduce or eliminate your debt.
Another strategy to consider is to buy mortgage points. You can purchase discount mortgage points upfront to buy down the interest rate. (And thus, lower your monthly payment). Check out this buy points mortgage calculator to see if it’s worth it for your personal situation.
Home buying is complex. Whether it’s your first time buying a home or you are a seasoned investor, building a team of local experts to help you achieve your real estate goals will make way for a much smoother, more enjoyable process.
New Agent Spotlight: Linda Hilton
With decades of experience serving homebuyers and sellers, Linda Hilton possesses a wealth of knowledge. We’re so glad she returned to our Windermere team. Linda has fascinating stories about everything from real estate transactions to her experiences abroad. Learn more about her in our Q&A below.
What drew you to real estate?
Originally, it was the flexibility of the hours; I had a small child and wanted to be there for him. Before real estate, I was in the restaurant business. Now I love troubleshooting issues that come up, seeing the look of happiness when a buyer client sees their dream house in person, but especially visiting with clients from 20 years ago who STILL own their house and love it after all these years.
What unique skills do you possess that enhance your abilities as a realtor?
I’m well-traveled, and I’ve lived in many different environments. I understand different cultures, ideas, and ways of communicating.
What personality traits do you think are important in this profession?
Listening, patience, and a sense of humor.
Which areas do you serve?
Kitsap and Jefferson Counties, what’s not to love?! I love the water, the mountains, and the trees.
How long have you lived here, and what brought you here?
I’m on my 12th year. We moved from Alaska to be closer to family.
What made you decide to work with Windermere?
I like Windermere’s philosophy. People and clients come first.
Is there anything else you’d like to share with us?
Honestly, I just love real estate. Putting deals together, helping people achieve their goals. I retired 3.5 years ago, and I found myself talking to everyone about real estate, so I’m back!
Thank you, Linda! If you want to learn more about Linda Hilton, visit her website or check out her Facebook page.
7 Questions to Ask Before Hiring a Contractor
Whether you need to build a home, remodel a bathroom, or complete a large landscaping project, hiring a contractor may feel a bit daunting. First and foremost, the person or team you hire should be able to complete a job well and within the agreed-upon time. How do you find the right person for the job? Start with referrals, online searches, and reviews from the Better Business Bureau. Identify at least three contractors qualified for your project, then schedule an appointment to get a quote. Finally, be prepared with these seven questions to ensure you make an informed decision.
Are you licensed and insured?
This should be the first question asked when hiring a contractor. It is arguably one of the most important questions to ask. If something goes wrong on the project and the contractor is not licensed and insured, any damage or misstep could be the homeowner’s responsibility.
The Washington State Department of Labor & Industries requires all contractors, remodelers, and handymen to be registered. State law also requires any contract over $1,000 to sign a disclosure statement from the contractor. [RCW 18.27.114(1) or (2)] Additionally, there are steps you can take if a job is not done well. However, this recourse can only be taken if the contractor is licensed and insured by the state.
You can confirm that a contractor, tradesperson, or business is licensed and insured using the online Verify tool from Washington State.
What is your experience with this type of project?
Take into account the size and scope of your project. If you are building a new home, find a contractor with a lot of experience with new home builds. If possible, visit neighborhoods where they’ve built homes recently and see homes they built a decade or more ago to see how they’re doing now. If you are remodeling a bathroom or kitchen, ensure the contractor has experienced subcontractors on their team for plumbing, cabinetry, tile work, and countertops.
Each project will require a specific type of knowledge and a network of sub-contractors to perform the job well. Ensure all potential contractors have the proper network and expertise while vetting them.
What is the estimated cost and timeline?
Each contractor should be able to create a quote for the project. It is in their (and your) best interest to complete a project on time and within budget. The quote should include building material costs, labor, and warranty terms. Additionally, they should include information about the subcontractors they will use.
Labor and material costs are most likely fixed. However, there should be room to negotiate the payment schedule. To incentivize on-time, quality work, you can propose paying out percentages of the project at certain completion points when hiring a contractor.
How many projects will you work on simultaneously?
There is no right or wrong answer to how many projects a contractor handles at one time. This question helps gauge the timing of your project’s completion. If a contractor is particularly booked up, it may take a while to get on their calendar. If timing is important to you, asking about this could provide valuable insight. For example, if you’re getting this work done before putting your home on the market, your selling timeline may be crucial.
How often will we communicate?
Communication with your contractor is a vital part of the process. Discuss how often they plan to be on-site to oversee project completion. Review the best method of communication (calling, texting, or e-mailing). If you have a special request, when does that need to be communicated? What is the deadline for changes? You will want to be a strong partner with your contractor to create a positive working relationship.
Can I speak with a former client?
Learn about a former customer’s experience. Use these same talking points when you are chatting with their former client. Gather insight into the quality, timeframe, and customer service they received from the contractor you are vetting. You can also ask neighbors about a specific local contractor. Or, join a local social media group and see if anyone has experience with the contractor you’re considering hiring.
What is the warranty for the completed work?
Warranties serve two purposes in relationship to contractors. On one hand, they protect the consumer (you) from poor craftsmanship. On the other hand, they protect the contractor from being held liable for their work indefinitely. Carefully review the warranty clause in the contract when hiring a contractor.
In the United States, there is the legal concept of implied warranty. The concept is that any work a contractor does will have good workmanship and habitability. From there, each state has its intricacies of laws relating to statutes of limitations and repose. Washington-specific laws can be found under RCW 64.35.305.
Whoever you decide to use, these questions should give you a clear picture of the best contractor for your home project. By asking clear, focused questions, you can find the best person for the job at the right price, with a clear understanding of the quality and work to be completed.
