Design Trends May 17, 2023

A Guide to Modern Design

Before minimalism, there was modern design. This is probably a bit of a misnomer when you consider the heyday of “modern” design was from 1940 to 1970.Mid-century modern is the branch of modern design that’s been trending heavily for decades. Devotees love its sleek, low lines and emphasis on blending interiors with exterior surroundings.To create a modern vibe in your home, decorate with warm, natural woods and crisp, clean neutrals. Expand on the theme of open spaces with smooth horizontal surfaces made from concrete, stone or glass. A muted backdrop allows colorful artwork, textiles and furniture to pop. Saturated colors like turquoise and canary yellow don’t appear overwhelming when placed within an environment of black, white, gray, or brown.You can complement this streamlined simplicity with eye-catching textures like plush pillows, shaggy rugs or velvety throws. Try to create sleek silhouettes with unusual or curvy furniture. Dramatic pendant lighting or other stylish room lighting can draw attention to unique interior features, such as stairs, paintings or fireplaces.

Home Maintenance and Remodeling May 17, 2023

Backyard Beautification Projects

With summer just around the corner, are you dreaming of a backyard oasis?These projects can transform your outdoor space into the perfect summer retreat.Install a PatioWhether you lay your own pavers or hire a professional to pour concrete, adding a patio creates an ideal outdoor gathering space.Bring in Some ShadeBlock the intense summer sun with a gazebo or pergola. Both options add beauty to your backyard while offering a shady place to relax.Build a Garden ShedA shed is a smart way to add storage for yard tools, lawn mowers and more. For a cohesive look, choose a style and color that complement your home.Light the WayLandscape lighting adds elegance and provides safety. Consider installing LED lights to illuminate walkways, stairs and landscape features.Create a Rain GardenA beautiful rain garden can be a low-maintenance addition to your yard. Rainwater from a downspout can be channeled into a shallow depression in the ground filled with native plants.Include a Privacy FenceIf you can easily peer into your next door neighbor’s yard, they can likely see into yours. A privacy fence adds interest and beauty while limiting your neighbor’s view of your outdoor space.Install a HammockEnjoy the tranquility of your yard in a relaxing hammock. If you don’t have appropriately spaced trees, consider building or purchasing a hammock stand.Fire It UpA fire pit or table can be a functional focal point that encourages your family to spend more time outdoors, even as summer’s warmth begins to fade.

Home Maintenance and Remodeling April 5, 2023

Sustainability: All About Backyard Farming

Did you know you can enjoy a hobby, soak up the sun and help preserve the earth all at the same time? In fact, you can do all this and more right in your backyard. Experts say planting in even a tiny bit of soil can offset carbon emissions. So, from trees to vegetables, here are a few tips to get started.

  • Plant a tree — or multiple trees if space allows — in your backyard. If putting trees in the ground isn’t an option, consider planting them in large pots. Your local garden center is an excellent resource for advice on tree selection and will help you choose species appropriate to your climate.
  • If space is limited, start a patio garden with herbs, strawberries and cherry tomatoes.
  • Recycled wooden barrels and pallets make perfect homes for a variety of plants. Nestle herbs or flowers in old wheelbarrows or turn antiquated ladders into trellises for climbing flowers like nasturtiums or clematises and vegetables like pole beans, cucumbers or peas.
  • Rather than tilling existing dirt, which disrupts organisms and soil structure, purchase or construct a permanent, raised bed. Fill the bed with compost, old newspapers, grass clippings, and other organic materials.
  • Plant perennial vegetables like asparagus, artichokes and rhubarb, which grow every year with minimal maintenance and are all healthy, edible and delicious.
  • Reduce costs by asking friends who garden for some plant cuttings. You can also save money by starting from seeds rather than buying plants already rooted in pots. It takes a bit longer to see results, but it’s so satisfying to reap the fruits of your labor.
Home Maintenance and Remodeling April 5, 2023

Increase Energy Efficiency in an Older Home

One of the challenges of living in an older house is keeping your energy costs down. Here are a few strategies to increase your home’s energy efficiency.InsulateAdding another layer to existing insulation can help maintain a comfortable temperature throughout your house, which allows your HVAC system to work more efficiently.Use LED Light BulbsIt might be time to update your light bulbs if you’re still using the incandescent variety. LEDs use 90% less energy than traditional bulbs and can last up to 25 times longer.Fix Drafty Doors and WindowsSimply caulking or applying weather stripping around doors and windows can save you up to 20% on energy costs. Or consider replacing old doors and windows with new, vintage-style replicas.Add a Heat PumpEnergy-efficient heat pumps heat and cool a home, so you won’t need separate heating and cooling systems.

Buying and Selling Tips March 21, 2023

Balancing Your Wants and Needs as a Homebuyer This Spring

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list.

Here’s a great way to think about them before you begin:

  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.
  • Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender.
  • Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner.

Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.

Bottom Line

Prioritizing what you need in a home is a critical first step the buying process. If you’re ready to find the one that’s best for you, connect with me today.

Design Trends March 9, 2023

2023 Furniture Design Trends

Furniture design is leaning into natural shapes, hard surfaces and sleek style in 2023. According to top designers interviewed by Architectural Digest, here are six furniture trends you can expect to see this year.

NEOLITHIC DESIGNYou don’t need a man cave to furnish your home in neolithic style. While not everyone will embrace stone or metal furniture, these solid pieces work well to balance softer, rounded shapes and surfaces.LINEAR, ULTRA-PLANED STYLEFans of Scandinavian design will be pleased with plenty of selections in this minimalist style. Introduce this trend into your space with a modern chair or unique lamp.BURL WOODWith roots in the 1930s Art Deco furniture design, today’s burl wood has a new, modern look. This knotty blond wood has a beautiful natural finish that works well with many decorating styles. It’s a popular choice for folks who like subtle ornamentation as well as those who prefer using natural, sustainable materials.SHAPELY SIDE TABLESAdd a touch of personality with a fun side table. A small, offbeat table can bring an attractive focal point to your living room.SEA-INSPIRED TEXTURES AND SHAPESInvite the ocean into your home with organic materials that recall natural aspects of the sea, such as coral and marine plant life. Lighting fixtures or coffee tables with an airy, ocean vibe can add interest and texture to your home.NATURAL, UNDERSTATED FLOORINGThe cooler, neutral flooring of the past few years is making way for warmer, subdued tones and geometric designs.

Home Maintenance and Remodeling March 9, 2023

How To Extend the Life of Your Outdoor Living Space

One of life’s simple luxuries is an evening spent outdoors delighting in the warmth and soft breezes of the season. But time and weather can take a toll on porches, decks and patios, so consider these do’s and don’ts for your outdoor living space.DO pressure wash and stain wood decks every couple of years. DON’T use harsh chemicals like bleach on hardwood or natural stone, and avoid stiff wire brushes. DON’T sand unless necessary, but DO fix loose nails and split boards. DON’T forget to routinely check railings and stairs.To protect wood decks and porches, DO use a 2-in-1 product that stains and seals in one step. Natural stone patios generally DON’T require sealing unless you prefer a shiny, wet look.DO keep spaces clear of debris and leaves, which can trap moisture and cause mold and mildew. DO move furniture and rugs around once a year, especially in damp climates, to prevent moisture from settling in.DO put up some twinkly lights, relax and enjoy your outdoor space.

Buying and Selling Tips March 8, 2023

How To Make Your Dream of Homeownership a Reality

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and non-financial benefits, so that interest is understandable.

However, it’s unlikely all 28 million Americans will accomplish that goal in the coming year. Experts project a total of around five million homes will be sold in 2023. Why is there such a big difference? It’s partly because there can be challenges to buying a home.

In the same survey, when asked, “Which of the following are preventing you from pursuing homeownership at this time?”:

  • 34% answered, “I don’t have enough saved for a down payment
  • 30% answered, “My credit score

If you’re aiming to buy a home, here’s what you need to know to accomplish that goal.

Save for Your Down Payment

Your down payment is a big chunk of what you pay up front for your home. For most home purchases, buyers put down some amount of cash up front (a down payment) and then take out a loan (a mortgage) to pay for the rest.

It’s a longstanding myth that you need to pay 20% of the purchase price for your down payment. In reality, 20% down isn’t always required. In fact, according to the National Association of Realtors (NAR), today’s median down payment is 14% for the average buyer and just 6% for a first-time buyer.

Regardless of how much money you can save for your down payment, know there’s help available. A local lender can show you options to help you get closer to your down payment goal. Plus, there are even loan types, like FHA loans, with down payments as low as 3.5% for some buyers, as well as options like VA loans and USDA loans with no down payment requirements for qualified applicants.

Beyond assistance programs and different loan types, here are a few other tips to help you as you save for your down payment:

  • Remember to factor in closing costs. In addition to your down payment, closing costs are usually 2-5% of the home’s purchase price.
  • Maintain your savings. Your down payment shouldn’t deplete all your savings. It’s important to still have some money set aside for homeownership expenses after you move in.
  • Explore your options and lean on your trusted advisor for expert guidance. Do your research, ask questions, and look into the resources available for buyers like you.

 

Improve Your Credit Score

Your credit score is a number that indicates how financially reliable you are to lenders. A higher credit score usually means you’ll be able to borrow more money at a better interest rate. If your credit score is preventing you from getting an affordable mortgage, there are steps you can take to improve it. Here are two:

  • Pay your bills on time. When you pay your bills on time, your credit score improves. When you’re late, it takes a hit. One way to make paying your bills on time easier? Set up automatic payments when and where you can.
  • Mix it up. From auto loans, to credit cards, to mortgages – there are several different types of credit. And having a mix of them improves your credit score.

 

Bottom Line

If you want to purchase a home this year, let’s connect so we can start preparing.

Adventures in Real EstateBuying and Selling Tips March 8, 2023

The Two Big Issues the Housing Market’s Facing Right Now

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.”

Let’s break down these two big issues in today’s housing market.

 

Rate-Locked Homeowners

According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below).

But today, the typical mortgage rate offered to buyers is over 6%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as being rate locked.

When so many homeowners are rate locked and reluctant to sell, it’s a challenge for a housing market that needs more inventory. However, experts project mortgage rates will gradually fall this year, and that could mean more people will be willing to move as that happens.

The Fear of Not Finding Something To Buy

The other factor holding back potential sellers is the fear of not finding another home to buy if they move. Worrying about where they’ll go has left many on the sidelines as they wait for more homes to come to the market. That’s why, if you’re on the fence about selling, it’s important to consider all your options. That includes newly built homes, especially right now when builders are offering concessions like mortgage rate buydowns.

What Does This Mean for You?

These two issues are keeping the supply of homes for sale lower than pre-pandemic levels. But if you want to sell your house, today’s market is a sweet spot that can work to your advantage.

Be sure to work with a local real estate professional to explore the options you have right now, which could include leveraging your current home equity. According to ATTOM:

“. . . 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market values.”

This could make a major difference when you move. Work with a local real estate expert to learn how putting your equity to work can keep the cost of your next home down.

Bottom Line

Rate-locked homeowners and the fear of not finding something to buy are keeping housing inventory low across the country. But as mortgage rates start to come down this year and homeowners explore all their options, we should expect more homes to come to the market.

Home Maintenance and Remodeling March 7, 2023

Are Smart Appliances Right for Your Home?

Smart home appliances can make your life easier, and if you’re renovating your home, you’re likely wondering if they’re a worthwhile addition to your new-and-improved space. They have plenty of benefits: Everything from smart refrigerators, oven ranges, thermostats, monitoring systems, plugs, light bulbs, and even locks can offer you complete remote control over the things you use most. They allow you to set schedules, create routines, and program them to work while you’re away—and they’re typically user-friendly enough that just about anyone can effectively utilize them. However, not all smart home appliances were created equal, which is why you should investigate their pros and cons thoroughly before bringing one (or several) into your house.