History of President’s Day

Washington’s Birthday is the official name designated to what many of us know as President’s Day. During the month of February the birthday of two of our greatest President’s takes place. Both George Washington who was born on Feb. 22nd and Abraham Lincoln born on Feb. 12th.

However, Washington’s birthday has been publicly celebrated since he was in office, before Abraham Lincoln was even born. Much of the debate over the name of the holiday springs from the fact that state’s can follow their own holidays how they see fit and many of them chose to also honor Lincoln, calling the celebration President’s Day.

It was in 1968 that the term President’s Day came up for legal consideration in the Congress but was shot down, though the holiday was moved to fall between the two President’s birthdays. Again in the 1980’s there was a resurgence of the term with advertisers which solidfied the holiday name in American culture. Today, few Americans prefer to call the holiday Washington’s Birthday in lieu of President’s Day.

Cost vs Value Remodel

If you are considering a remodel on your home, the following are estimates of how much of your investment you will recoup.
I would be happy to provide you with a free Comparative Market Analysis on your home, to see if investing in a remodel is a good value for you. Contact Me to arrange an appointment.

By Melissa Dittmann Tracey, REALTOR® Magazine

When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck.

Overall, the trend right now is replacement over remodeling–swapping out the old for the new rather than doing a total gut job, which can be much more costly.

This year’s Cost vs. Value report found that exterior replacement projects–such as new garage doors and a new entry door–offer some of the best returns at resale, allowing home owners to recoup close to 70 percent or more of the costs of the project at times of resale.

The following are the top, mid-range projects from this year’s report, based on what home owners stand to recoup at time of resale:

1. Replacing the entry door to steel

Estimated cost: $1,238

Cost recouped at resale: 73%

2. Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)

Estimated cost: $50,148

Cost recouped at resale: 72.5%

3. Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)

Estimated cost: $19,588

Cost recouped at resale: 72.1%

4. Garage door replacement

Estimated cost: $1,512

Cost recouped at resale: 71.9%

5. Deck addition (wood)

Estimated cost: $10,350

Cost recouped at resale: 70.1%

Whatcom County Weekend Sports Schedule

WHATCOM COUNTY WEEKEND SPORTS SCHEDULE

Friday Jan. 27

High school boys’ basketball

Blaine at Bellingham, 7:30 p.m.
Lynden Christian at Sehome, 7:30 p.m.
Meridian at Burlington-Edison, 7:30 p.m.
Squalicum at Mount Baker, 7:30 p.m.
Sedro-Woolley at Anacortes, 7:30 p.m.
Lummi at Grace Academy, 7:30 p.m.

High school girls’ basketball

Lummi at Grace Academy, 6 p.m.
Ferndale at Mount Vernon, 7:30 p.m.
Anacortes at Lynden, 7:30 p.m.
Nooksack Valley at Sedro-Woolley, 7:30 p.m.
Lynden Christian at Meridian, 7:30 p.m.
Mount Baker at Squalicum, 7:30 p.m.

Saturday Jan. 28

High school boys’ basketball

Nooksack Valley at Mount Vernon, noon
Meridian at Lynden Christian, 7:30 p.m.

High school girls’ basketball

Lynden at Burlington-Edison, 7:30 p.m.
Mount Baker at Sedro-Woolley, 7:30 p.m.

High school wrestling

Girls: Bellingham, Burlington-Edison, Lynden, Mount Baker, Mount Vernon, Sedro-Woolley at Lady Wolfpack Tournament (at Jackson High School), TBD
Friday Harbor vs. Meridian (at Nooksack Valley), TBD
Friday Harbor at Nooksack Valley, 7 p.m.

College basketball

Women: WCC at Seattle, 4 p.m.
Men: WCC at Seattle, 6 p.m.
Women: WWU at Simon Fraser, 7 p.m.
Men: Simon Fraser at WWU, 7 p.m.

Rise of Rental Rates

Rental Rates are on the Rise

With housing affordability the best it has ever been, but with tighter lending conditions, many buyers are renting instead of purchasing homes, causing demand for rentals to increase and rental rates to rise. Many investors are purchasing homes with cash to use properties as rental homes. According to Lawrence Yun, the chief economist for the National Association of Realtors, there is no reason to believe the rental growth will cool as more young adults need a place to live. The decline in construction of apartment complexes will also increase the demand. If annual rental rates continue to increase 3.5%, rents will double in the next 20 years. If they annual rental rate increases at 5%, rents will double in the next 14 years. Yun also predicts solid home price appreciateion over the long haul, which will be a double win for investors with monthly rental income and appreciation for the future.
Information courtesy of Lawrence Yun, the chief economist for the National Association of Realtors, Realtor Magazine

Contact me with questions about investing in real estate, now is a great time to buy!

New Construction Market

The Lynden real estate market has a surprisingly high number of new construction homes being sold. Of homes constructed in 2010-2011 (between $200,000 and $350,000), 31 have sold in the last year with 10 currently active.
In the much larger city of Bellingham, of homes constructed in 2010-2011 (between $200,000 and $350,000), only 19 new construction homes have sold in the last year with 5 currently active.
This is a positive sign for Lynden, for contractors and buyers looking for new homes. The selection is best in Lynden!