Wellness-Friendly Laundry-Mud Rooms 2024 Home Trend Prediction

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The 1930s house I grew up in had its laundry machines in a dark, unwelcoming basement area, two flights down from our bedroom closets. Today’s laundry rooms tend to be brighter, more welcoming, more functional and usually better located! That’s a huge benefit for both young families and older homeowners who may have a hard time lugging loaded laundry baskets up and down stairs. It’s also a huge boost for a home’s functionality, one of the five facets of wellness design. Home improvement platform Houzz predicts that enhanced laundry spaces with mud room features will be a strong trend for 2024. I agree. So do the many home improvement pros I surveyed by email and through social media groups. Smart Siting “Combining a laundry room with a mudroom is a natural step for homes that see a lot of mess at an entry,” observed Mitchell Parker, senior editor for Houzz. …

Looking To Borrow Even More For A House? Mortgage Loan Limits Are About To Increase In 2024

Amy Rose Dobson Senior Contributor Real Estate

If you had your eye on a house or neighborhood in a certain price point but weren’t able to borrow enough for a loan, your luck may change in 2024. Last week the Federal Housing Finance Agency and Federal Housing Administration announced the increases to how much buyers can borrow for loans backed by the federal government, as part of their annual requirement to keep pace with the change in house prices. For FHFA loans the limit will increase to $766,550, a $40,350 jump over the 2023 threshold of $726,200. In areas with a higher cost of living, such as California, New York and Hawaii, the limit is set to be 150% of the baseline limit which equals $1,149,825. Ken Fears, Director of Conventional Housing Finance and Valuation Policy, at the National Association of REALTORS, said “NAR is encouraged by the FHFA’s continuing efforts to provide liquidity in all markets. …

It Takes 13.5 Years To Break Even On Your Mortgage. You Can Do It Faster

Terri Williams Contributor Real Estate

If you buy a house now, it can take up to 13.5 years to make a profit on your purchase, according to new data from Zillow. “The combination of rising home prices and high mortgage rates is leading to a longer period between purchase and sale before a profit can be made,” says Nicole Bachaud, senior economist at Zillow. And she tells us that the high upfront costs of a home purchase might also be driving buyers to opt for a lower down payment — which extends the time it takes for buyers to make a profit on their home. According to Bachaud, these are estimates on how percentages (and maintenance costs) can affects the profit timeline: · A 3% down payment would require 13 years and six months to make a profit · A 5% down payment would require 13 years and three months to make a profit · …

8 Interior Design Trends Going Away In 2024

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Are you planning to renovate your home or give it a refresh in 2024? You probably want your space to look and feel new. Trends have been interesting for the past few years. There’s been a lot of quick cycling through TikTok microtrends for the home such as Barbiecore while many major trends have been sticking around far past their prime. Whether you’re investing money in a major renovation or doing a simple refresh, it’s crucial to go with something current so the space isn’t both brand new and dated at the same time. Here are eight interior design trends going away in 2024 according to interior designers. Grey Accents A gray living room getty From walls to sofas and tile, grey was considered stylish for years. But now that time is up explains Dianne O’Connor, Founder and CEO of Weston Table. “Grey is out. The world is too upside …

A Custom Fit Along The Oceanfront In Turks And Caicos

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If you know what you want, ask for it. That’s the lesson to be learned from the recent sale of a preconstruction home on Providenciales, an island in the Atlantic Ocean’s tropical Turks and Caicos archipelago. Originally marketed for $7.75 million as a five-bedroom, 5.5-bathroom villa with close to 8,000 square feet of living space, it didn’t exactly fill all the requirements of her eager buyers, according to sales agent Latoya Jones of Grace Bay Realty. Being a preconstruction property allowed the buyers to expand plans for the property to more than … [+] 9,700 square feet. Grace Bay Realty Since it wasn’t built yet, however, a deal was struck for an expanded plan to accommodate six bedrooms and 6.5 bathrooms in more than 9,700 square feet. The sale closed at $8.65 million or nearly a million dollars above the asking price. Such customization is not the only benefit of …

Blue Flag Capital On Designing The Future Of Soulful Hospitality

Paul Jebara Contributor Notes

How do you classify a company that’s not just in the luxury hospitality game, but setting out to change its rules? As a sector shaker-upper? A pathfinder? Putting labels aside, Boston’s own Blue Flag Capital is truly proving its mettle. In under a decade, the firm has rapidly climbed the ranks in the realms of real estate private equity and development. It’s carved out a corner for itself as a creator of unrivaled boutique hotel experiences in some of the most sought-after urban vacation spots in the U.S. At the forefront of their portfolio is the acclaimed Faraway Hotels, boasting two fanciful locations with more in the pipeline, along with a selection of restaurant ventures. These establishments stand as a testament to Blue Flag’s skill in crafting havens of luxury, individuality, and strong community ties. To truly appreciate Blue Flag’s expertise, one can visit the Faraway Hotels in Nantucket and …

Elizabeth Sutton Opens A Gallery And Retail Experience

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Artist Elizabeth Sutton is a true trailblazer. While many new artists struggle to support themselves entirely through art, Sutton’s approach and unique aesthetic have made her truly shine. While her heart has always been in painting, she’s also made a name for herself through licensing with everything from kitchen and bathroom tiles in collaboration with TileBar, rugs with Rugs America, to office chairs with The Raynor Group. So, it’s not a surprise that she’s recently opened a solo artist pop-up gallery, studio, and retail experience in West Chelsea. Sutton believes she is the first female artist to do this. A hybrid space Peter Koloff Located at 550 West 29th Street between Tenth and Eleventh avenues, it’s just a few blocks south of Hudson Yards, and just north of the famed Gagosian Gallery. Measuring approximately 5,200 square feet, it’s just as expansive as it is chic. A Hybrid Workspace While walking …

How To Learn From Mistakes

James Nelson Contributor Notes

Whether you’re starting out in real estate, or have been involved in your profession for decades, the reality is that errors will happen. Part of growing both personally and in your line of work involves making mistakes. It’s often what happens after a misstep that is most important. If you can reflect on the event and learn from it, you’ll gain valuable insight that will help you as you move forward. Use these guidelines to learn from your mistakes and get back into the game as a better player. 1. Recognize What The Mistake Was A couple of years into my career in brokerage, I came across what I thought was an incredible opportunity. One of my existing clients was ready to put up the family jewel. It was a larger property, and if I could help them to sell it, the transaction would become my largest to date by …

Sacramento Kings’ Trey Lyles Posts His Los Angeles Retreat For $5.9 Million

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Los Angeles is a favored offseason destination for many NBA players, making it little surprise when Trey Lyles purchased a new construction home there in 2021 despite playing for the San Antonio Spurs at the time. Now a member of the Sacramento Kings, the multi-talented forward has put his getaway in the Encino neighborhood of Los Angeles on the market for $5.9 million. The contemporary home is fronted by two gates and a U-shaped driveway. Hilton & Hyland Located at 4778 Zelzah Avenue, the nearly half-acre property sits south of Ventura Boulevard on the western end of Encino. Listing agent Kate Newton of Beverly Hills-based Hilton & Hyland says that Valley neighborhoods like Sherman Oaks, Studio City and Encino have become hot spots for high-profile buyers in recent years thanks to “larger lots, which gives those who are looking for it some much-needed privacy.” A living room with a fireplace …