Aaron and Jennifer Dickson
Last week I started to introduce the Dicksons, among my favorite of clients. In their 20s they have found a way, that you can too, to start investing in real estate with a bit of elbow grease involved to increase the value of the investment. Aaron and Jennifer now have three children, ages 7, 5, and 7 months (Analynne, Kyrie, and Case). They are presently in the midst of a remodel and it is going quite well. They are quite experienced since they have done it before. These two, ages 30 and 31, are living in their third home. They are painting and dry walling, after having gutted the home first. This home has a basement with room to play and plenty of storage space.
Aaron left the staff recently of a local church after six years while Jennifer focuses on their young children. The two remodel their homes together with the help of friends and family. Because of the sacrifice of living in the basement of a friend’s home they were able to save up for a down payment and they worked with me to buy their first home. While driving to visit family in Eastern Washington, they looked online and saw a short sale by a large high school. While its distressed situation may not have appealed to everyone, they saw good bones and a great value — $218,000 for 1,800 square feet of home. The home had been semi-vacant for eight months. It needed help – quite a bit of it.
The National Association of Realtors (NAR) released its 2017 Remodeling Impact Report and revealed the top remodeling projects brought an increase in value that was both financial and emotion to the owners. “Realtors® understand which remodeling projects and home upgrades will bring the most value to homeowners, whether they are remodeling with the hope of impressing potential buyers, bringing in higher offers or gaining more equity in their home,” said NAR President William E. Brown.
NAR named complete kitchen renovations, kitchen upgrades, bathroom renovations and new wood flooring as the top interior projects that appeal to potential buyers. Exterior projects, according to the NAR, that create the most resale value include new roofing, new vinyl windows, a new garage door and new vinyl siding.
The Dicksons had never done remodeling before but were willing to work hard and to learn. Their offer went through and they went to work with a full remodel including floors, walls, kitchen and bathrooms. They even tore out the backyard that contained a sizable hedge with 83 shrubs. To save on costs, they did most of the work themselves by going to YouTube channel instructional videos, visiting a local hardware store and asking a lot of questions of people who knew more than they did at the time. Jennifer said she knew her Dad would be a good resource since he had built their family home.
In Part 3, the Dicksons see yet another opportunity to have income property – and a home.
Something about Whatcom County:
Trivia tidbit of Whatcom County: Whatcom County is noted for its parks. You can watch bald eagles in the winters, take your family to picnic locations within minutes of every neighborhood in Bellingham, splash alongside the Puget Sound, or enjoy views and vistas from atop mountain peaks. One of my favorite parks is the 241-acre Whatcom Falls Park. Located minutes from I-5, it is between a historic cemetery and Lake Whatcom. It has a playground, picnic shelters, fishing pond but is known for its many waterfalls in a wooded setting. Steps from the parking lot is the primary falls best viewed from the historic bridge, both part of the WPA projects and formerly part of a building in downtown Bellingham.
More about Dave Ramsey: I am finishing up Dave’s book EntreLeadership-20 Years of Practical Business Wisdom from the Trenches and liked it so much I signed up for business coaching. I’m proud of myself for making that decision. Many of you might know Dave Ramsey through his radio show and books. Dave teaches to get out of debt and use your money wisely. I am eager for my clients to benefit from wise life choices and to lean from my clients, other colleges in Real Estate along with myself.
I love to listen and see what you need and how I can best help you. I want you to be my client for life – house after house, project after project! Whether you are buying your first starter home, looking for that home to accommodate a growing family, or downsizing to something easy to maintain, I want to find that for you – or sell that for you!
Welcome to my blog. I love my clients, real estate, and where I live. I think you would too.