5 Must-Know Tips for Pet Proofing Your Home

 
 

Pets don’t only leave their marks on your heart; they leave them all over your home.

While they’re excellent cuddle buddies, they’re also excellent at leaving behind scratches, stains, and furry tumbleweeds. Here are some must-know tips for pet-proofing your space to keep it feeling like your sanctuary.

1. Use a Pet-Proof Trash Bin

What’s that smell? It will NOT be the apple core you discovered buried in your dog’s bed this morning if you invest in a pet-proof rubbish bin. Be sure to get one that locks: Pets are sneakier than you might think, and many won’t think twice about knocking over the trash can to score a snack. These bins often have odor neutralizers for extra stink protection, too.

2. Make Your Wall Paint Work Harder

When we think about pet-proofing our homes, our walls don’t immediately come to mind. But they should! Think about all of the scuff marks your pets make on your walls: the spot where the dog crate touches the wall; the buildup of cat dander on your baseboards; the part of your bedroom door your dog always bumps when he brushes by. Washing scuffs and stains is easier when you have the right paint: Benjamin Moore Regal Select Interior Paint. It’s perfect for busy living spaces because it’s washable and durable, so you can stop stressing about how to keep your walls looking so spectacular.

3. Protect Your Furniture with Pieces That Complement Your Style

Once upon a time, pet products looked like, well pet products. Now, brands realize pet parents want items that fit seamlessly into their homes — ones you’re comfortable cozying up on and don’t have to put away before guests come over. No more settling for ugly plastic chair covers or ill-fitting sofa covers to protect your prized furniture pieces. It’s easy to find stylish dog crates, washable linen couch covers, and even rugs you can toss in the laundry.

4. Create Pet-Friendly Zones

Even in small spots, providing pets with their own areas can save you from big headaches. Scratch posts provide cats an alternative to shredding the coveted womb chair you saved up for. Similarly, giving dogs their own beds with toys they can cuddle or chew keep them from getting curious about how your customized headboard feels against their fur or what that sofa leg tastes like.

5. Cover Your Windows

It’s sweet that our dogs want to alert us each time a squirrel scurries across the lawn, someone delivers a package, or their four-legged buddy cruises by on a walk. However, these announcements can be disruptive — and if you’re not home to reassure them that everything is okay, they may spiral into a fit of destructive anxiety. Curtains and blinds help reduce doggy distractions, whether you’re trying to concentrate on a work call or want to give your pup extra peace of mind when you’re not home.

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Just Listed: Blend rural and city in this nearly 1/3 acre property just minutes from The Old Mill and Downtown

 
 
 

Blend rural and city in this nearly 1/3 acre property just minutes from The Old Mill and Downtown

A first glance from the driveway notices huge vaulted windows which open to a private garden like front yard enclosed by tall Willows. The generous floorplan offers great room living overlooking an expansive deck and back yard. Beautiful lava rock hearth and fireplace warm the room with Old Bend charm. A more quaint living space is also perched over the front yard with soaring ceilings framed by open beams, built in book shelves and those amazing front windows creating the perfect space for a quiet conversation, a good book or morning yoga! Extensive updates to the property bring this 1977 built home to current lifestyle with granite counters, refinished cabinets, updated bathroom w/ Japanese soaking tub, and full exterior paint. Energy efficiency was not ignored either; 2.4kW solar system, heat pump, blown in insulation, duct sealing and H2O heater added to keep all the energy cost down.

Listed by John Furrow for West + Main Homes. Please Contact John for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
John Furrow

541-647-0910

john@westandmainoregon.com


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Central Oregon Real Estate Market Report from February 2023

 
 

Inventory remained low this month, even as spring sales activity picks up. Days on Market increased in Bend and Redmond to just over 50 days.

Home prices declined in Bend this month, while rising slight in Redmond. As the spring market kicks off we are seeing mixed signals about what the rest of the year might hold. Inventory levels are low across the Central Oregon region and homes are taking longer to sell, but sold data indicates that transactions are rising as is typical this time of year.

Mortgage rates dropped throughout the month, but are fluctuating again at the time of this report. “Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy,” says Freddie Mac. "Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected. As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory."

“Available inventory of homes for sale is still falling. Sellers simply aren't keeping up with demand,” said Mike Simonsen of Altos Research. “Consumers are obviously price sensitive but still buying. More homes went into contract this week than last year at this time! It's really hard to see the most dire predictions for the housing market being realized this year with supply so restricted.”

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BEND AREA
$660,000
Median Price
51 Days on Market

REDMOND AREA
$440,000
Median Price
56 Days on Market

JEFFERSON COUNTY
$330,000
Median Price
52 Days on Market

SUNRIVER
$825,000
Median Price
77 Days on Market

LA PINE
$419,000
Median Price
83 Days on Market

SISTERS
$575,000
Median Price
119 Days on Market

CROOK COUNTY
$425,000
Median Price
64 Days on Market

 

Thank you to Beacon Appraisal Group for compiling this report. Prepared by Donnie Montagner with information from the MLS of Central Oregon with permission from COAR.

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Ready to Invest in Luxury Real Estate? Here’s 4 Things You Need to Know

 
 

Thinking about investing in luxury real estate? Congratulations! You're making a smart decision that could pay off big time.

However, it's important to understand the ins and outs of the luxury real estate market before you take the plunge. Here are four things you should know before you invest in luxury real estate.

Research Your Market Carefully
Before investing in any property, it's important to do your research on the local market. It is especially important when investing in luxury real estate, as this type of investment often requires a hefty sum of money upfront. Research factors like median home values, average rental prices and comparable sales of similar properties nearby so that you can decide whether the purchase is worth it.

Always Work With an Agent
When considering a large investment like a luxury property, it pays to have professional help. A qualified agent will be able to guide you through the process and ensure that everything goes smoothly from start to finish. When choosing an agent, be sure to look for someone who has experience working with luxury high-end properties and understands the nuances of the luxury real estate market.

Don’t Forget About Maintenance Costs
One common mistake made by first-time investors is forgetting about maintenance costs associated with their property investment. These costs can add up quickly and can eat into your profits if you’re not prepared for them upfront. Make sure to factor these costs into your budget before making any decisions so that you know exactly how much money you’ll have coming in each month after all expenses are paid for.

Understand Local Laws and Regulations 
It's essential that you familiarize yourself with local laws and regulations pertaining to renting or selling properties - these vary from one state/city/county to another! Additionally, get familiar with laws surrounding taxes and other financial obligations related to luxury real estate investments. Doing your due diligence will ensure that you are making an informed decision when investing in luxury real estate. 

Investing in luxury real estate can be a great way to generate passive income and increase your net worth. However, it’s important that you take the time to do your research before taking the plunge so that you understand all of the nuances associated with this type of investment. Make sure to work with an experienced agent who understands how the market works, factor maintenance costs into your budget, and get familiar with local laws and regulations that may affect you as an investor. With these four tips in mind, you should have no problem making smart decisions when investing in luxury real estate!

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U.S. Has a Shortfall of 6.5 Million Single-Family Homes Due to a Decade of Under-Building

 
 

A decade of under-building has led to a shortfall of 6.5 million single-family homes in the U.S., according to a new report released Wednesday.

Realtor.com looked at household formation, housing starts, and home sales, and found that given how many households were formed between 2012 and 2022, the U.S. is short of 6.5 million single-family homes.

But that gap diminishes somewhat if households opted to live in multi-family construction, which has boomed. Including multi-family homes, the gap in housing units in the U.S. falls to 2.3 million homes.

Yet most of those multi-family units won’t necessarily provide a path to homeownership, said Hannah Jones, an economic analyst at Realtor.com.

‘Cooling buyer demand and builder confidence led to slower single-family construction and a shift in builder focus to multi-family last year.’ - Hannah Jones, an economic analyst at Realtor.com

“Cooling buyer demand and builder confidence led to slower single-family construction and a shift in builder focus to multi-family last year. While that brings greater supply to the market, most of it will be used for rentals and won’t address ongoing affordability challenges in the for-sale space,” Jones said.

Builders moved into building apartments, rather than single-family homes, “as the rental market remained profitable with nationwide rent hitting a new all-time high,” the report explained. “Through the first three quarters of 2022, an average 94.5% of all multi-family units started were intended to be used as rentals.”

Plus, “these homes take an average of 15 months to complete, and so their impact won’t be fully realized for some time,” Jones added, as compared to single-family homes that take on average 7 months to complete.

In 2022, the U.S. saw 2.06 million household formations, the report said. That refers to a group of people living together. Household formation affects the economy, as it drives demand for housing, and further down the line, spending on household appliances and furniture.

Affordability eroded homes become scarce and rates remain high

Between 2012 and 2022, there were 15.6 million households formed, Realtor.com said. Yet in this 10-year period, only 13.3 million housing units were started, and even fewer—11.9 million—completed.

Over that 10-year period, the rate of housing starts began to slow. Completions have climbed, yet they’re still not enough.

In 2022, about 1 million single-family homes were “started,” or rather, construction began on these homes. That’s 10.6% fewer than in 2021.

Multi-family starts were much higher, up 15% compared to 2021, reaching 545,000.

Amid this backdrop of a housing deficit, affordability has dwindled.

Just a tenth of new homes sold in the fourth quarter of 2022 were less than $300,000. That’s down from 41% of homes being below $300,000 in the fourth quarter of 2019.

“As inflation and mortgage rates likely soften later this year, buyers are likely to return to the market [and will be] in search of an affordable home, and the ongoing housing-supply shortage will only continue to put pressure on the market,” Danielle Hale, chief economist at Realtor.com, said.

Realtor.com acknowledges that its headline figure of 6.5 million “overstates the housing shortage,” since it doesn’t consider multi-family units as homes for buyers.

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