MortgageReal Estate October 21, 2024

Don’t be Spooked when buying a rental

Don’t be Spooked when buying a rental –

We have connected with Michelle Schmidt from Movement Mortgage who has provided information from a lenders perspective on DSCR Loans.

Here’s what she has to say: 

DSCR loans, or Debt Service Coverage Ratio loans, are typically used in commercial real estate and investment properties. The DSCR is a financial metric that measures a property’s ability to generate enough income to cover its debt obligations. Follow along for a quick breakdown.

Key Points about DSCR Loans:

  1. DSCR Definition:
    • DSCR = Net Operating Income (NOI) / Total Debt Service (TDS).
    • A DSCR of greater than 1 indicates that the property generates more income than needed to cover debt payments.
  2. Importance:
    • Lenders use DSCR to assess the risk of a loan. A higher DSCR suggests lower risk, as the property is more likely to generate sufficient cash flow.
    • 20% – 35% down depending on the scenario to get the DSCR ratio to work.
  3. Common Ratios:
    • A DSCR of 1.2 is often considered a minimum for many lenders, meaning the property generates 20% more income than required to meet debt obligations.
  4. Types of Properties:
    • Commonly used for single family residence, multifamily units, and other income-generating properties.
  5. Loan Terms:
    • Interest rates and terms can vary based on the DSCR, property type, and borrower profile.
  6. Considerations:
    • Lenders may require detailed financial documentation to calculate the DSCR accurately. The appraiser provides a rent schedule to determine the allowable rent.

If you are considering purchasing a rental property and want to learn more about your options, have specific questions or just  need more details, don’t hesitate to connect with us and ask. Connect with us here  or directly with Michelle by visiting here.

BuyerReal EstateSeller October 14, 2024

Hocus Pocus, Real Estate Is Our Focus!  

It’s that time of year again—when witches take flight, pumpkins glow with mischief, and ghosts give us a friendly spook. As the chill of fall settles in and the Halloween season comes alive it becomes the perfect time to cast some real estate magic and stir up the ideal home for you! 

But don’t worry—there’s no need for a magic wand or cauldron here. Just a little expertise, a sprinkle of creativity, and a dash of market know-how to help you find your dream home (or sell the one you have).  

Why Real Estate Can Be a Bit Magical… 

Much like finding the right spell, finding the right home takes focus. Whether it is your first house or your fifth, the process can sometimes feel like trying to decipher a cryptic spell book. That is where we come in to wave our magic wands and make your dream home appear. Our focus on real estate isn’t just about transactions, it is about helping you unlock the magic of your next chapter while making the transition as smooth as possible so that you can focus on the fun parts of life. 

🧙♂️ Buying a Home?

Don’t let the tricks of the market give you the creeps! We will help you navigate the twists and turns, from financing to negotiating, and ensure that you are treated to the best deals out there. 

💀 Selling Your Home?

It’s time to show off those spellbinding features that buyers will love! From staging advice to pricing strategies, we will make sure your home leaves an enchanting first impression. 

Don’t Be Spooked by the Market! 

The housing market may seem scarier than a haunted house at times, but with the right guidance, it doesn’t have to be a nightmare. Just like finding the perfect Halloween costume, finding the perfect home requires the right fit, and we are here to help you make sense of it all—no hocus pocus needed. 

Plus, remember, Halloween isn’t just about candy and costumes—it’s also about making connections, having fun, and bringing a little magic into your life. And that’s exactly what real estate should be, too—a thrilling adventure that leads to something special. 

Ready to Make a Move? Let’s Work Some Magic! 

Whether you’re buying, selling, or just curious about what the market has to offer, we are here to help. Together let’s make this process as enchanting and stress-free as possible. 

Drop us a message if you’re ready to get started—and let’s brew up some real estate magic together! 

🎃👻 Happy Halloween! 🎃👻 

 

Tips for Halloween Fun at Home:

While you are out house-hunting or preparing your home for sale, why not take a moment to have some fun this Halloween? 

  • Decorate Your Porch with carved pumpkins, spooky lights, and some friendly (or not-so-friendly!) ghosts. 
  • Host a Virtual Costume Contest or share photos of your spookiest creations online. 
  • Get Into the Spirit by making your home feel cozy with seasonal treats and eerie vibes. After all, Halloween is all about making memories—and your home should be the perfect backdrop for those! 

So, whether you’re dreaming of finding the perfect haunted mansion or  cozy home, we’ve got you covered. Let’s make this Halloween the start of something truly magical! 

Real Estate October 7, 2024

Fall in the Air, Apple Pie on the Table

A Perfect Autumn Tradition

Fall has finally arrived!  There’s something magical about the crisp air, vibrant leaves, and cozy vibes that make this season so irresistible. Everyone has their way of celebrating the transition from summer to fall. Some swap their usual coffee for a pumpkin spice latte, others light up apple cider-scented wax melts, or cozy up in burnt orange coats and fluffy socks. But for us… one of our all-time favorite ways to celebrate fall is with the delicious aroma of homemade apple pie filling the house, and mouths watering as we anticipate the moment that scoop of vanilla ice cream is plopped on top of a warm slice of pie.

And guess what? We want to share that joy with you!

If you don’t have a go-to apple pie recipe, fear not. This quick and easy one is a surefire hit that will have your home smelling like fall heaven in no time.

The Best Fall Apple Pie Recipe 🍏🥧

Prep Time: 30 Min
Cook Time: 1 Hour
Servings: 8
Makes: a 9-inch pie

Ingredients:

  • 7-8 Granny Smith Apples
  • ½ cup unsalted butter
  • 3 tablespoons all-purpose flour
  • ½ cup white sugar
  • ½ cup packed brown sugar
  • ¼ cup water
  • 1 thawed 9-inch double crust pie pastry

Instructions:

  1. Prepare the Apples: Peel, core, and slice your Granny Smith apples into thin strips. Set them aside and try not to sneak too many bites!
  2. Preheat the Oven: Set your oven to 425°F (220°C).
  3. Prepare the Pastry Crust: Press one of the pie pastries into the bottom and sides of a 9-inch pie pan. Roll out the remaining pastry and cut it into thin strips for the lattice topping later on.
  4. Create the Magic Sauce: Melt the butter in a pan over medium heat. Once it’s melted, add the flour to create a paste, cooking it for about 2 minutes until fragrant.
  5. Add Sugars & Water: Stir in the white sugar, brown sugar, and water, bringing the mixture to a boil. Reduce the heat and simmer for 3-5 minutes before removing from heat.
  6. Assemble the Pie: Place your apple slices into the pie crust, creating a beautiful mound. Pour the warm sugar mixture over the apples, reserving a bit to brush over the lattice crust.
  7. Lattice Topping: Use your pastry strips to create a lattice pattern over the apples, brushing the remaining sugar mixture over the top for that perfect golden-brown finish.
  8. Bake: Bake the pie in the preheated oven for 15 minutes. Then reduce the heat to 350°F (175°C) and continue baking for another 35-45 minutes, or until the apples are soft and tender.

Serve With:

  • Vanilla ice cream (of course!) 🍨
  • Enjoy slightly warm for the ultimate fall comfort.

A Slice of Fall on Every Plate
There’s nothing quite like the comfort of a warm apple pie to kick off the fall season. It’s the perfect way to savor the season’s best flavors while filling your home with the delightful scent of cinnamon and caramelized apples. Whether you’re hosting a fall gathering or simply treating yourself, this pie is guaranteed to bring joy.

So, roll up your sleeves, grab those Granny Smiths, and create a memory-filled fall experience. And don’t forget the scoop of ice cream — because no slice of pie should ever go without!

Happy baking, and welcome to the cozy days of fall! 🍁

Time for a bigger kitchen? Connect with us. We can help with that!

PNW Living September 30, 2024

Skagit Valley River Otters

Anyone who lives or has visited Skagit Valley knows that it is a wildlife haven. Skagit Valley is home to some of the region’s most captivating creatures. Among these inhabitants, the playful Skagit Valley river otters stand out as some of the valley’s most beloved. Whether exploring the serene waters of the Skagit and Samish Rivers or meandering through their tributaries, these charismatic animals never fail to delight those fortunate enough to spot them.

Skagit Valley River Otters 

With their sleek brown fur, playful demeanor, and impressive agility, river otters bring a special joy to nature enthusiasts. Watching them frolic in the water, dive after fish, or raise their young is a heartwarming reminder of the beauty that lies within Skagit Valley’s ecosystems. From their curious glances to their swift swimming moves, otters exude both grace and energy. Interestingly, they don’t just travel by water, but they can travel impressive distances on land too.

Washington Department of Fish & Wildlife says: “River otters are sometimes mistaken for their much larger seagoing cousin, the sea otter. However, sea otters are acclimated to salt water, and come to shore only for occasional rest periods and to give birth. In comparison, river otters can be found in fresh, brackish, or salt water, and can travel overland for considerable distances.”

Thanks to Skagit Valley’s strong commitment to preserving its pristine environments, the otters—and countless other wildlife species—continue to thrive. The region’s ongoing conservation efforts ensure that future generations can enjoy these enchanting animals in their natural habitat. So, whether you’re a long-time resident or a visitor to this scenic corner of the Pacific Northwest, keep an eye out along the waterways, and you just might catch a glimpse of these playful creatures.

If you enjoy reading about the Skagit Valley River you might enjoy this short article too.

Real EstateSeller September 20, 2024

Declutter Before You Go

When faced with a move, people  often begin to re-evaluate their belongings. Should you declutter before you go? Perhaps this fresh start in a new home deserves a fresh start with new belongings too. Maybe the hassle of moving across the country with truckloads of items just doesn’t seem appealing or cost effective. It is likely your current belongings won’t fit in your new space anyways. Plus, if you are selling, a staged home tends to sell for more than it’s un-staged counterpart. Yes, you should declutter before you go.

If you have found yourself here, it is time to start decluttering and deciding which items you can part with and which you can’t live without. But how do you get rid of it all? Follow along as we offer key insights into making a successful yard sell and offer some of our favorite places to donate in Skagit and Snohomish Counties.  

Host a Yard Sale

Hosting a yard sale is an excellent way to give a second life to your unwanted items, lighten your moving load, make room for new possessions, and potentially generate a little extra cash for the move. Here are some tips to ensure your yard sale is a success. 

Separate Sell Items from Keep Items 

Apart from keepsakes and heirlooms, a good rule of thumb is if you haven’t used something in over a year it is probably something you can live without and can contribute to the get rid of pile. Another approach is if an item no longer brings you joy or an inkling of excitement then it is likely past its life with you but could bring joy to someone else. Add it to the get rid of pile! Be sure to separate the items you are parting with from the items you are keeping. If you wish to be extra organize sort piles by price ranges. Try color coding your items with stickers to demonstrate your selling price. 

Price Flexibility  

Keep in mind that people like to negotiate the price. Determine now what items you are willing to negotiate on and which items you don’t feel there is room to budge. Price accordingly. Remember yard sales are not meant to get rich from, but instead helping to reduce your moving load and offer extended life to your unneeded items to keep them out of the waste plants.  

Generate Neighborhood Excitement 

Plan your yard sale in advance. It is likely you have friends and neighbors that have stuff they would like to part with too. Make it a neighborhood event so that multiple yard sales happen on the same day and same time. Together you can pitch in for signage that can be posted around town directing traffic to your neighborhood yard sale. This will attract more buyers and reduce your overhead costs. At the end of the sale, celebrate your success with a neighborhood gathering like a BBQ dinner or potluck.  

Promote Your Neighborhood Yard Sale on Social Media 

Boost the visibility of your yard sale by leveraging social media and neighborhood apps. Start by creating a Facebook event page and inviting all your friends. Share the event on Twitter with a fun hashtag and offer a prize for those who repost about your sale. Post a carousel of the items for sale on Instagram to attract more attention. Additionally, use Nextdoor or another neighborhood app to reach people beyond your immediate area. No matter what knick-knacks you uncover, expanding your audience will help ensure they find the right home. You might also wish to list your items on Facebook Marketplace or your local Buy Nothing groups. Check in your local area for local consignment shops that will sell your items for you and you receive a portion of the sale price in return.

Payment Options  

Keep in mind that most people don’t carry cash anymore. It pays to have a variety of payment options so that negotiators can’t finagle your price due to lack of cash on hand. Try offering PayPal, Venmo, Zelle, or another form of digital payment. You will likely discover more sales and turn passer-buyers into buyers.  

Donate your leftovers 

The final step to declutter before you go is immediately after your sale, bag up the leftovers and take them to your local donation center. Otherwise, they will find their way right back into your house, garage, or storage and you will end up paying to transport them to your new home. Here is a list of several donation centers in Skagit and Snohomish Counties.  

Arlington: 

Stilly Valley Center 

Skagit Valley:  

Again Thrift Shop

Bargains Galore Thrift Store

North Cascades: 

Valley Vintage

The Walnut Tree Thrift Shop

Anacortes:  

Thrifty Kitty 

Soroptimist Thrift Shop  

Pacific Northwest Thrift Shop  

If you are looking to buy or sell a home and are not currently working with a Realtor, connect with us. Our realtors can help you.  

 

Destination August 26, 2024

Cap Sante Park: Anacortes’ Natural Treasure

Located in central Anacortes, discover Cap Sante Park. This park is a beloved gem both to residents and tourists alike. Cap Sante Park offers visitors a taste of the Pacific Northwest’s stunning natural beauty. The park’s name, “Cap Sante,” which translates to “Cape Health” in French, was bestowed by Anne Curtis Bowman in 1877. Notably, Anne Curtis Bowman is also the inspiration behind the name of the city itself, “Anacortes,” which was derived from “Anna Curtis.”

Trails:

Spanning 37 acres, Cap Sante Park is a rich, wooded haven that invites both locals and visitors to explore its scenic landscapes. Whether you’re an avid hiker or someone who enjoys a leisurely stroll, the park’s variety of trails caters to all abilities. Each path winds through dense forest, offering a peaceful escape from the hustle and bustle of everyday life.

Views:

But what truly sets Cap Sante Park apart is its breathtaking vistas. Perched high on Cap Sante, the park offers an unparalleled, front-row seat to one of the most spectacular views in the region. From this elevated vantage point, visitors are treated to a panoramic overlook of the Marina, the charming city of Anacortes, and the expansive waters of the Salish Sea. On clear days, the views extend even further, revealing the majestic peaks of the Cascade Mountains.

Wildlife:

Cap Sante Park is not only a place for scenic beauty but also a sanctuary for wildlife. As you traverse the park’s trails, you may encounter a variety of local wildlife species, making it a perfect spot for nature enthusiasts and photographers alike.

Sunsets:

One of the park’s most enchanting features is its ability to transform with the time of day. While Cap Sante is beautiful at any hour, it truly comes alive during sunset. As the sun dips below the horizon, the sky is painted with a palette of warm oranges, purples, and pinks, creating a nightly spectacle that is both mesmerizing and soul-stirring. It’s a moment that makes time seem to stand still—a reminder of the timeless beauty and serenity that the Pacific Northwest has to offer.

Whether you’re visiting for the day or just stopping by to take in the view, Cap Sante Park is an essential destination for anyone looking to experience the natural wonders of Anacortes. So, pack a picnic, bring your camera, and immerse yourself in the splendor of this unique park. As you stand at the edge of Cap Sante’s lofty perch, you’ll find yourself deeply connected to the landscape, and perhaps, you’ll understand why Anne Curtis Bowman chose to immortalize this spot with a name that reflects health, wellness, and a sense of place.

In a region known for its natural beauty, Cap Sante Park stands out as a crown jewel—an invitation to pause, breathe deeply, and appreciate the extraordinary landscapes that define Anacortes and the surrounding areas.

If you visit and find yourself falling in love with the city of Anacortes and all that it has to offer, connect with us so that we may help you find your dream home or vacation home.

BuyerMortgageReal Estate August 19, 2024

The Debt-to-Income Ratio

If you are a first time home buyer, or are considering buying you might find yourself wondering, “what the heck is my debt-to-income ratio? And how does it affect me in purchasing a home? If this is the case,  follow along. We have connected with Michelle Schmidt from Movement Mortgage who has provided information from a lenders perspective on how to not only determine your debt-to-income ratio, but also how it affects the purchase of a home.

Michelle explained, “The debt-to-income ratio (DTI) is a financial metric that compares your monthly debt payments to your gross monthly income. It is expressed as a percentage and is used by lenders to assess your creditworthiness and ability to repay a loan.”

Let’s first discuss how you can determine what your debt-to-income ration is.

To calculate your DTI, you will need to:

  1. Add up all of your monthly debt payments. This includes things like your mortgage or rent, car payments, student loans, credit card minimum payments, and any other recurring debt obligations.
  2. Divide your total monthly debt payments by your gross monthly income. Your gross monthly income is your income before taxes and deductions.
  3. Multiply the result by 100% to express your DTI as a percentage.

For example, if your monthly debt payments are $1,000 and your gross monthly income is $4,000, your DTI would be 25% (1,000 / 4,000 x 100).

Is a higher or lower ratio better?

Generally, a lower DTI is better. A DTI of 36% or lower is considered to be good, while a DTI of 43% or higher is considered to be high. However, it is important to note that these are just general guidelines, and lenders may have different DTI requirements depending on the type of loan you are applying for.

Click here for a debt-to-income ratio chart

Here are some of the things that can affect your DTI:

  • The amount of debt you have
  • Your income
  • Your interest rates
  • Your minimum payments

You can improve your DTI by:

  • Paying down debt
  • Increasing your income
  • Negotiating lower interest rates
  • Making larger loan payments

Improving your DTI can make it easier to qualify for loans and get better interest rates. It can also help you save money on interest and free up cash flow for other things.

Here are some additional resources that you may find helpful:

If you found this information is helpful but still have other questions please do not hesitate to reach out to Michelle Schmidt from Movement Mortgage or message us here to connect with one of our agents.

Destination July 29, 2024

Skagit River Sunsets

The Skagit River is one of the largest rivers in the state of Washington. The Skagit Rivers is 150 miles long making it the biggest river in the Puget Sound, encompassing nearly 1.7 million acres. The sunsets over the Skagit River are a natural masterpiece, casting a warm, golden glow over the tranquil waters and surrounding landscapes. As the day comes to a close, the sun descends over the Skagit Delta, painting the sky with hues of orange, pink, and purple. This combination creates astonishing Skagit River sunsets. 

Home to local Wildlife

The river is renowned as a home to bald eagles and runs of salmon and steelhead. In fact, the river is home to three particularly special bird species that return to the river system each year amongst numerous others. Those three are: the trumpeter, the tundra swan, and the majestic bald eagle. Five commonly found salmon species in the Skagit River System are the chinook, coho, pink, chum, and sockeye. 

A little Skagit River History

On October 2, 1968 the National Wild and Scenic Rivers Act was signed into law to preserve forever in a free-flowing condition some of the nation’s most precious rivers. Nearly a decade after the National Wild and Scenic Rivers System (NWSRS) was created the Skagit River was added as part of the National Parks and Recreation Act in November of 1978. At the time it was the largest parks bill in history. The Skagit system was the first of its kind to be included. In fact, the Skagit River, along with its tributaries the Sauk, Suiattle and Cascade Rivers, were the first rivers in Washington to be included in the National Wild and Scenic River System. To learn more about the Skagit River click here.

So whether out fishing or just enjoying the incredible view, continue the tradition of preserving the rivers natural beauty and natural habitats while catching your very own special glimpse of these beautiful sunsets and wild animals.

If you have fallen in love with this beautiful river and wish to make Skagit your home, connect with us we would be happy to help you find your dream home.

BuyerFirst Time Home BuyersMortgageReal Estate July 22, 2024

Leveraging Your Home’s Equity

Owning your own home creates an opportunity for you to build equity, month after month, through each consecutive mortgage payment made. Which is why owning a home can be a lucrative investment opportunity, even as you use it as your primary residence. Keep reading as we discus leveraging your home’s equity.

But what is equity exactly? You have likely heard the term before, but do you really understand what it means and how it can benefit you?  

Understanding home equity

Home equity is the difference between the remaining balance of your mortgage and the current market value of your home. As you make payments towards your mortgage you decrease the amount you owe, simultaneously building your equity.  In other words, equity is the amount your home has earned over time. Typically, this means if you were to sell your home, the equity would be the total you are entitled to keep after the mortgage, and any liens tied to the home, have been repaid. If the remaining balance on your mortgage is higher than the current market value of your home, you have negative equity. Alternatively, if the remaining balance is less than the current market value of your home, you have positive equity.  

Positive equity

Sometimes life takes unexpected turns that can pose financial challenges. Owning your own home with positive equity can ensure a safety net of funds. Funds available for you to leverage even without having to sell your home, should the unthinkable occur.  

Your positive equity even has the potential to improve your financial standing, if used correctly. We turned to financing mortgage consultant Bill Steward at Penrith Home Loans to help us explore this in more depth.  

Bill explained, with enough equity available, a cash-out refinance can potentially cover, or partially cover, the funds needed in an emergency. The best part is you can do this without having to sell your home. Bill also shared, “Once approved, you can use a cash-out refinance loan for anything.” There is no oversight or restrictions on how the funds are used. However he encourages you to exercise caution as, “It is still a loan you will have to repay.” Further suggesting to, “Keep this in mind before using funds from a cash-out refinance to splurge on “non-essential” items that you may not have much use for.” Instead, he recommends, “…money from a cash-out refinance be used for investments that can increase the value of your home or simplify your cash flow, and not for things like everyday expenses.”  

Let’s dig deeper into a few ways that funds from a cash-out refinance loan can increase your financial standing instead.  

Home improvements

Often times remodeling increases the value of your property. For example, switching to energy-efficient appliances, or adding a bedroom or bathroom can increase the value of your home. However, Bill warns, “…be wary of ‘improvements’ that may not add as much value as you originally thought”. He suggests working with your trusted real estate agent and mortgage consultant to determine if the desired home improvements will return enough bang for your buck. If you are not currently working with an agent, connect with us here 

Consolidating and reducing debt

Did you know a cash-out refinance typically has lower interest rates than credit cards? Using these funds to pay off your credit card debt can ultimately help you save money in the future. If you are struggling to get on top of your debt, this might be an option to consider helping reduce your debt and build financial wealth. Be sure to discuss your unique situation with your trusted lender and financial advisor to see if this is right for you. If you don’t have a relationship yet with a trusted lender, Bill Steward is an excellent resource you can connect with here. 

 

Repay student loans

Student loans can take years to pay off. Bill explains, “Leveraging the equity you’ve built into your home to pay down federal or private student loan debt is a great strategy to consolidate and eliminate a common, yet heavy burden.” 

 

Cover the cost of medical bills

Once again, Bill provides helpful solutions, explaining, “Instead of having to worry about defaulting on your medical expenses, you may be able to use the equity in your home to cover the cost. Dealing with a medical emergency is already stressful enough – you should not have to worry about where the money is going to come from.”  

 

When considering the use of a cash-out refinance it is important to remember you must repay what is borrowed at the new terms agreed upon. Be sure to pay close attention to your new refinancing terms. Pay special attention to the interest rate. Understand what the new rate will do to your monthly mortgage payment. If you wish to reach Bill Steward NMLS #754408 at Penrith Home Loans and discuss the possibility of cash-out refinancing, you can contact him by clicking here or call him at 425-330-2990.  Perhaps you wish to start building equity and a safety net of funds for your future by purchasing a home; connect with us here.  

Not a commitment to lend.  Penrith 2024, NMLS 252939, Penrithloans.com/legal, equal housing lender.

BuyerHOAReal Estate July 15, 2024

Make a Splash

With the weather quickly heating up people are avidly looking to make a splash in a pool. This time of year, creates a unique opportunity for real estate. Specifically real estate that encompasses a pool.  

How a pool can affect a property 

When selling a home with a pool in the Pacific Northwest, we know that timing is everything. It’s best to showcase the property when its standout features shine the most. Therefore, listing a home with a pool in late spring or summer when everyone is dreaming of cooling off with a dip in the pool can be ideal. These warmer months make the pool inviting, attracting potential buyers who can envision themselves enjoying it on a hot summer day.  

Similarly, communities with amenities such as pools, gyms, and outdoor recreation areas tend to attract more buyers and renters this time of year. The allure of amenities is heightened often increasing both the demand and value in comparison to seasons with cooler weather. Especially when the pool is in tip top condition. However, a pool that has lacked maintenance can create the opposite effect. 

Cost of a pool  

We all know that pools can come with costs, maintenance, and responsibility year-round. Creating a safe, positive environment to relax and make memories is of the utmost importance and demands detailed planning, routine checks, and ongoing maintenance. While maintaining the pool yourself might save you money in the short term, it often comes at the cost of inadequate safety that could prove costly in the long run. This is precisely why Ben Basch, Business development executive with Ground Support Services in Brooklyn, NY, emphasizes the importance of collaboration with reliable pool professionals…suggesting that communities carefully weigh the financial benefits against the potential risks associated with insufficient expertise.  

Have you ever made plans to accomplish a task, but when the time came to follow through there was so much else going on that you put the task off? You can’t do that with a pool. Ben says, “There’s always something to do every month. You can’t wing it”. Putting tasks off leads to last-minute decisions and cutting corners that ultimately endangers the safety and functionality of the pool.  

Vendors  

Creating clear expectations and interviewing several vendors early on can help ensure optimal enjoyment within your budget. Your chosen vendors should have a clear outline of their responsibilities in conjunction with your financial agreement. Creating mutual accountability while ensuring a positive ongoing relationship. Since maintenance often takes time, it is important to communicate with vendors specific time frames that the pool can be closed for maintenance and times when it must be ready to enjoy. If the vendor arrives during a pool party, everyone will be disappointed, and it could be costly. Effectively communicating and managing your vendor is of the utmost importance. Crystal Gill with Arriel Pool Services in Colleyville Texas says, “Communicate with your members, and communicate with your vendors. Communicate when there are pool closures and when they will tentatively reopen. When everyone is on the same page and everyone knows what to expect, the pool season runs more smoothly.” Consider following up with regular follow-ups to cover what’s going right and areas that might need improvement. Create opportunities for open communication where your vendors can provide insight on potential challenges and improvement.  

Pool Safety 

While pools can be a ton of fun, they can also pose significant risk. One of the utmost important things you can do is implement Pool Safety Rules and Prevention Plans. Start by developing a clear barrier to pool access to prevent any unauthorized access and inspect it regularly. Demonstrate your commitment to safety by developing succinct pool rules and measures of enforcement. Post the rules around the pool where they can be clearly seen and followed.  Develop prevention plans in case of an emergency and review them regularly. Offer ongoing training and education opportunities around pool safety to staff and the community. Understanding pool safety and having clear and concise policies can significantly reduce risk.  

Let’s talk about pool rules 

Lifeguard credentials  

Some pools have lifeguards on duty while others choose a swim-at-your-own-risk approach. If you choose to have lifeguards on duty, it is of the utmost importance to ensure that the lifeguards are certified. Just as important, there needs to be enough certified lifeguards to cover the entire time the pool is open, and enough lifeguards on duty at any given time to cover the size of the pool.  

Swim-at-your-own-risk policies  

Alternatively, if you choose against on duty lifeguards you may go the route of Swim-at-your-own-risk. Taking this approach alleviates liability. Instead, this approach puts responsibility on the individuals choosing to use the pool, reducing the association’s liability. To operate as a swim-at-you-own-risk pool, you must clearly post the policy and ensure that residents and their guests understand the risk they are taking by participating in using the pool.  

Behavior focused rules  

To avoid any fair housing law violations, make sure your rules/policies and developed around behaviors and not personal characteristics. Instead of posing an age requirement for using the pool, focus on crafting rules like no running on the pool deck, no diving, no glass.  

Consider adopting these rules when drafting your own: 

  • Must wear proper swim attire. 
  • No glass,  alcohol, smoking or vaping.
  • Keep electrical devices away from the pool
  • No swimming during inclement weather. If lightning is occurring within a 10-mile radius, the pool will be closed.  
  • What you bring in, you must take back out. Help keep our pool clean.   

 

Proactive enforcement mechanisms  

If a rule is broken, how will it be handled? What are the consequences and how will they be enforced? Prepare the answer in advance. Train staff so that it handled quickly and consistently.  

Consider and post pool closures  

It is important to schedule and announce pool closures. Whether it be for regular hours of operation, scheduled maintenance or possibly for budgeting purposes it is important to have closures posted so residence and their guests can plan accordingly and stay on positive terms. Regular operating hours and maintenance can seem straight forwards, but you might be wondering how can closures affect budgeting? Pool maintenance alone can be a significant cost, but keeping a pool warm can be even larger especially during the cooler months. It may behoove you to consider pool usage in comparison to the costs of heating the pool and closing it for a specific period to keep within budget.  

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