Rental Re-Design Tips!

Many Seattleites are choosing to rent out their home rather than selling. At times renovations and revamps can be too pricey for home owners when wanting to get the most out of selling their home. Many homeowners are looking to keep their home in their family for future generations. Whatever the case may be it can be difficult trying to make a home feel like yours. Some landlords wouldn’t mind you to do a little decorating, but some might.

With customization options at a minimum, apartments/houses often never quite feel like home for many renters. Living with your landlord’s choices for wall colors, flooring materials and finishes can leave renters feeling dissatisfied with their surroundings. But there are some things you can do to make one of the most important rooms in your rental – the bedroom – feel less like a hotel and more like your own restful and relaxing retreat. Using some inspiration from the designers at Zillow, here are some ideas:

To start with, overhead lighting in apartment buildings is usually not the most flattering, but since you most likely can’t change the main fixture in your rental, invest in table lamps or floor lamps to give your bedroom a nice glow.  Stylish lamps can often be found inexpensively at stores such as Target or TJ Maxx.

Giving walls a fresh coat of paint is one of the cheapest and simplest ways to personalize your bedroom, but many landlords are not ready to let you wield a paintbrush of your own. Check in with them first, and if you get the go-ahead, a soft grey or classic white will give you a serene space that is also a blank canvas for the rest of your personal touches.

Once you’ve painted, pick up some new bedding in your favorite color palette to add some interest to the room. Along with a nice set of sheets (Target also carries inexpensive sets that feel much more luxurious), you have an opportunity to make a statement with your duvet cover and unique throws and pillows.

Can’t paint your walls? Paint your furniture or add some adhesive wallpaper! Take an old, tired dresser, give it a good sanding and dress it up with whatever color paint you’d like. Paint the whole thing, just the legs, just the top, it’s up to you! Heavy, dark furniture tends to weigh a room down, especially if there is little natural light, so adding some color in the form of furniture can be a major upgrade and is budget friendly. Temporary wallpaper is all the rage for rentals. Do your research and find the best temporary wallpaper! Check out Pinterest for inspiration!

Now you’ve got some ideas, so get decorating!

If you are interested in renting in the Seattle area, contact your local real estate agent today!

Seattle Homes for Rent

If under 2,000 square feet isn’t enough for your next rental, then check out these homes for rent! These homes both have lots of windows to let the much needed sunlight in, and places and spaces to soak it up!

The Highlands

Spacious modern stucco residence in beautiful private setting amongst impressive conifers & magical landscape. Fine teak millwork accentuates the contemporary design & open, rich architecture. Vestibule with round atrium window is a striking venue for art display, and opens into the main floor rooms with floor to ceiling windows. Huge kitchen, five expressive fireplaces, private master suite, lower level with perfect game room & guest suite. Pool, sport court, fountain, just in time for summer!

Available for $9,500
6 bedrooms / 5.25 bathrooms
9,010 square feet

The Highlands: 149 Moss Road NW, Shoreline (MLS# 1088538)

North Capitol Hill

Stunning craftsman on North Capitol Hill. Wood floors and natural daylight throughout. Excellent woodwork, recently renovated kitchen with granite countertops top-of-the line appliances w/east-facing views of Portage Bay. Master bedroom includes fireplace, &luxurious master bath. Lower include separate entrance with second kitchen.

Specific Rental Requirements:

  • All 18 and over applicants must apply
  • Min 750 credit score
  • No co signs
  • 2 car max
  • No negative references
  • No late payments

Available for $6,200

5 bedrooms / 3.5 bathrooms

3,960 square feet

North Capitol Hill: 2818 Broadway E, Seattle (MLS# 1067866)

January Rental Report

Jac_004According to the Northwest Multiple Listing Service January’s rental statistics are showing some promise for 2016. So what does the housing market have in store for homeowners and investors in King County? The 2015 year ended with a small drop in rentals with December showing 209 homes rented – less than the previous month. These numbers then started to climb in January to 219 properties leased. Setting the stage for a strong season in rentals. The median price in January for a rental was around $2,400/mo for a 2 bedroom, 2 bathroom, condo in Seattle. The Highest-priced rental on the MLS was a beautiful 6 bedroom/6 bathroom, Tuscan Estate leased for $12,000/mo. This estate was on the Market for only 44 days, showing us that renters who can rent at the top on the market are out there, and are ready to strike if they find the right place. These homes and many more can be found through your local real estate agents. To find out how much equity you might have in your home or how you can invest in real state contact an agent today and get the ball rolling.

End of Year: King County Rental Report

DT View 1521This December, 204 properties leased according to the Northwest Multiple Listing Service. King county had a 8.9% decrease in properties from the previous month. The highest priced property leased for $6,500/mo. This Luxury condo was a 2 bedroom, 2 bathroom 1,968 square foot unit in a desirable downtown location on 2nd Ave between Pike and Pine. On the contrary, the lowest priced 2 bedroom, 2 bathroom condo leased on the MLS was a 965 sq ft condo in Kent, it rented for $1,200/mo. The luxury condo spending three times the amount of time on the MLS database before it rented.

MLS data shows that 240 properties leased in Dec 2014 compared to Dec 2015’s 204 properties, a 15% decrease in leased listings from its previous year.

Lets do a quick analysis of the rental market in 2014 compared to 2015. The twelve months of 2014 shows 377 more properties leased than in 2015.  3,579 listings rented in 2014 compared to the following year’s 3,202. That’s a 10.5% decrease than the year before. Rental prices have increased over the years and inventory has gone down quite a bit. This change in the market can make it hard to find a reasonable rental in King county on your own. If you are looking for assistance contact a licensed professional who can help you with the latest market updates and find you fact access to the best MLS rental listings. Please contact an agent today with your real estate needs. 

 

 

November Rentals Update

eastlakeSeattle’s King County rents have shown a decline in November compared to the previous month. Looking at the MLS database we see that 224 properties listen on the MLS have rented, with many of them being in a higher than average price range. It is a positive sign for investors across the city to know that even even after the rental increases that have been sweeping the city in previous months, Seattleites are still finding homes among some of the the highest priced rentals on listed with the Northwest Multiple Listing Service. In the month of November for instance, the highest-priced residential property that leased was a 3 bedroom 3.5 bathroom penthouse in Bellevue. The luxury penthouse consisted of over 3,000 square feet of luxury living space and went for $13,390 per month. The MLS database shows that while in the past three months only a handful of rentals with such prices have leased, there are still many others between $2,000-$4,000 that also rented. The average price of a rental in November was approximately $3,000/mo. If you are interested in how this upcoming season of Seattle’s rental market can serve you, please contact a realtor today.

King County Rental Update: October

shorewoodAvailable rentals this fall are dropping like the temperature outside as we take a look at the housing market in Seattle’s King County. As expected people are likely settling in for the winter months and not in search for a new place. With a significant drop in rented properties, Seattleites are seeing a whopping 47% decrease in October compared to the previous month according to data from the Northwest Multiple Listing Service. It’s typical to see this kind of change in the market throughout the season but what will that mean for the prices of rentals for those who are still in the market to rent? Are rental increases going to halt with less demand or will they continue to stay up? The MLS shows us that in October the highest priced rental property was a 4 bedroom, 3.5 bathroom home with 4,250 square feet of luxury living space. Stay tuned-in to Seattle Luxury Rentals and keep an eye on this rental market. Questions? Call a local agent today to take advantage of rentals or investment opportunities that could be available to you.

September Rentals Update

ridge downtown rentalSeptember rentals were only slightly lower than August this year in King County. The Northwest Multiple Listing Service data tells us that while there were 287 leased properties in August, September statistics are showing 281. This is only a small change as we enter the fall season. Among these rentals are two luxury penthouses in Bellevue. One of these rentals, a 4-bedroom, 4.25-bathroom penthouse of nearly 4,800 square feet, leased for $17,500 a month. The other luxury penthouse, just as stunning but with 3 bedrooms, 3.5 bathrooms and around 3,500 square feet, leased at a monthly price of $14,900. While these particular luxury rentals are at a distance from Seattle, there were still many other rentals available within the city itself, and all of them in a much lower price range. The NWMLS shows that 19 out of these 281 listings were located in central Seattle and the prices ranged from a low of $1,225/mo to a high of $6,500/mo. The median price for a rental in central Seattle was around $2,200 per month for a 1,200 square foot, 2-bedroom apartment. With this wide range of rental availability and rents slightly lower than summer there still many opportunities to find a King County rental that’s right for you. If you are interested in leasing a property or investing in Seattle or King County properties, please contact an agent today to get information on availability.

August Update: Seattle Rentals

eastlakecc

The last month of summer saw a small drop in rentals in King County this year. According to data found on the Northwest Multiple Listing Service there were 287 leased properties in August of 2015 with the average rental price being just over $4,000/mo. Statistics for King County show a slight decrease in rentals; 334 in August of 2014 compared to this year’s 287. As the number of leased properties dropped, prices for these rentals have steadily increased. The highest rental of the month this year was leased at $9,500/mo for a 2 bedroom, 2 bathroom apartment in the heart of downtown Seattle. Last year, some comparable downtown apartments had been leased for closer to $8,000/mo. For those interested in investing in rental properties it’s a great time to profit on the demands of the increasing rents in the King County rental market. Get in touch with an agent today to find out how you can benefit!

Renter Or Rental Owner? Now Is The Time For Winter Maintenance

Madrona rentalEven if you live in a rental, the cold, wet weather of winter should prompt you to do some preventative maintenance on your home, both to limit your liability for any potential damage from the elements and to keep your home as comfortable as possible during the winter. Talk with your landlord, both to make sure they are performing their share of required maintenance, and also to find out what tasks are your responsibility.

The Rental Housing Association of Washington has several tips regarding what you can do as a renter to minimize damage to your unit this winter. If your lease requires you to perform yard maintenance, make sure you’re keeping the area around your foundation clear so excess moisture doesn’t build up and seep into the home (check with your landlord before you do anything beyond basic yard cleanup). Bag up fallen leaves and trim shrubs around the perimeter of your house. But don’t pull out that ladder just yet, as it should be the owner or landlord’s responsibility to make sure roofs are sound and gutters are draining correctly.

It is often the tenant’s responsibility to make sure smoke and carbon monoxide detectors are working, and during the season when more people are using their heat and having fires, it’s important to make sure these are operating correctly. Check your lease to determine if this is something you need to keep an eye on.

Especially in damp climates like ours in the Northwest, it’s important to pay attention to moisture levels inside your home, as well as outside. In the winter, when you’re more likely to have all your windows and doors closed, keep indoor air dry and circulating with fans, or occasionally crack a window to let some fresh air in. If you haven’t turned your heaters on yet, make sure they’re free of dust and move any belongings away from vents to minimize fire risk.

These tips should help ensure that you have a warm and uneventful winter in your rental! If you are interested in finding a rental property in Seattle, contact your local real estate agent today.

Most Expensive Active Seattle Luxury Rentals

Although we usually profile and feature “run of the mill” luxury rentals, today I’d like to feature some of the most expensive active rentals on the market in Seattle and environs. We’re talking like… top 10. Yeah, the big kahunas. Not that the other’s aren’t enviable to say in the least!

10. $8,500

Located in Belltown, this property boasts not only views of downtown, but also Puget Sound and the Space Needle. With a gourmet kitchen, floor to ceiling windows, touch screen sound system, garage parking and two storage units. Listed by Joseph Kelly of Soleil Real Estate of Seattle.

9. $8,500

This contemporary Lake Union home boasts a 270 degree view of the water, heated floors, top of the line kitchen appliances and marble bath. This 1,000 square foot house was built in 2011 and has been on the market for 139 days and is listed by Scott Wasner of Sotheby’s.

8. $9,800

Want a penthouse? Who am I kidding, of course you do. And nowone is up for grabs! For rent at least. This 26th floor, 3,081 square foot residence boats three bedrooms and enormous 290 degrees of skyline, mountains, and water. Oak floors, maple cabinetry, gas fireplace, and a chefs kitchen. On the market for 44 days, this property is listed by Julia Tsurusaki with Pointe3 Real Estate.

7. $10,000

Out next most expensive property calls Mercer Island home. Originally listed at $12,000, this 3,880 square foot gorgeous waterfront home features a newly remodeled kitchen with an ensuite deck and jacuzzi tub (uh, that’s awesome). 85′ of waterfront with moorage and dock, two jets lifts and a boat lift. Nicely settled near some parks, what could get better? Not much, that’s what. Listed by Anthony Yap of TAG Realty.

6. $10,000

Tied at $10,000, this Laurelhurst home has only been on the market for a month. Fully furnished with views of Lake Washington, this 4,660 square foot contemporary northwest home comes with Laurelhurt Beach Club access. Offering five bedrooms and four bathrooms, it’s listed by Timothy Lenihan of Windermere Real Estate.

5. $11,000

Now, this one has me drooling. This unit is within the Four Seasons Private Residences Seattle. Two bedrooms and a den, valet parking, 24 hour security and concierge, mile high views, this 2,082 square foot overlooks the Great Wheel through floor to ceiling windows. With a gas fireplace and an ultra modern kitchen, it’s enough to make anyone go gaga. Listed by Scott Wasner of Sotheby’s.

4. $11,000

Another beauty at $11,000, the stunningly designed Arthur Erickson Highlands home is a looker. Having seen this sumptuous property myself, the views and grounds as well as the guest house, I can say will all certainty that it. is. worth. it. Listed by our own Betsy Terry of Our Distinctive Home Shop in Madison Park, this 7,470 square foot masterpiece is constructed  from polished concrete, with a glass ceiling. Mountain and sound views, and a Pemberley-esque (We got any Jane Austen fans out there? No? Just me? Okay) park off the swimming pool.

3. $12,500

Located in Hunts Point and built in 1995, this home is nestled on prime waterfront with lake, city, and mountain views. Designed by Curtis Gelotte, the house is nestled between manicured landscaping and old growth trees. With moorage and a dock, this 3,710 square foot home is full of natural wood and stone details, evoking the architectural style of the pacific northwest. Listed by Anna Riley of Windermere Real Estate.

2. $18,000

Another jewel of Hunts Point, this residence boasts a stunning Chihuly glass chandelier hanging from a sky-lit ceiling. This 3,000 square foot west-facing residence features rustic timers, posts, and beams embodies pacific northwest architecture and art. Listed by Tere Foster and Moya Skillman of Windermere Real Estate.

1. $20,000

Topping our list is a mansion in Clyde Hill. At 6,000 this european designed six bedroom, eight bathroom masterpiece was custom built in 2007. With a gated entrance and a large pool in the backyard, a large up to date kitchen, and an indoor jacuzzi. Listed by Robert Radulescu with The Force Realty.

Well folks, which one is your favorite??