What Is An Interest Only Mortgage?

In an interest only mortgage, the borrower covers interest on payments for a specific period of time, paying the cost of borrowing money up front, while the principal remains unchanged. This allows for reduced monthly mortgage payments early in the loan term. An interest only home loan can offer flexibility to buy a more expensive home than a borrower initially qualifies to buy. They can also be a great way to lower payments so you can divert your cash flow toward retirement, college tuition or a rainy day fund.

In traditional mortgages, payments are applied to both interest and principal. Through amortization the balance of the loan decreases over the term of the loan. Interest only mortgages are structured differently: The most common version pushes back the amortization schedule, usually 5 to 10 years, while the borrower pays interest only. The other type lasts the duration of the loan, with an agreement principal that will be settled with one balloon payment at the end of the term.

While initial payments as part of an interest only mortgage are lower, borrowers should be aware that over the life of the loan they are more expensive than traditional mortgages. Interest only loans can also be subject to adjustable interest rates. Negative amortization, a feature where missed interest payments are applied to the principal balance, is also a risk inherent to interest only loans. Keep reading to learn more and explore the circumstances that make the most sense to purse an interest only loan.

Is an interest only mortgage right for you?

Here are five questions to help you determine whether an interest only mortgage is the perfect match:

• Are you confident your income will grow in the future, but want to purchase high-value real estate now?

• Are you more interested in lower monthly mortgage payments than building home equity?

• Are you looking to invest your money in something other than your home?

• Are you fine with the prospect of your monthly mortgage payment going up when the interest-only term ends?

• Do you own investment homes and rent them out?

If you answered “YES” to any of these questions, an interest only mortgage might be your best bet! A word of consideration—while interest only home loans offer low monthly payments during the initial term of your loan, your monthly payments will rise after this term ends to cover the principal. If you don’t expect your income to increase in the foreseeable future or if you’re unsure you’ll be able to make the larger payments later on, a 15 or 30-year fixed rate mortgage could be a better fit. In addition, it may be more difficult to refinance your mortgage if your home value doesn’t increase during the lifetime of your loan. Those buying a home for the first time may find interest-only mortgages particularly beneficial. For new homeowners, who are unaccustomed to the higher cost of mortgage payments and the other costs of maintaining a home, the first years of home ownership can be particularly challenging. In many cases, you are buying a house you expect to pay off years down the line, when you are more established and may be making more money, thus the initial costs may seem daunting. If a water heater suddenly needs replacing or a roof suddenly needs to be fixed, the option to exercise an interest only mortgage at that time can come in handy, as long as you are able to cover the higher monthly payments later on.If your income is subject to fluctuation either because of freelance work or commissions and bonuses, rather than a typical flat salary, an interest-only mortgage can be similarly beneficial. Pay interest-only payments during leaner months and years with the anticipation of paying more later on. Risks of interest only payments. Making a smaller monthly payment for a period of time, with the anticipation that you’ll have the money to make larger payments down the line, always carries a risk. The total balance of what is owed on your mortgage is not changing, thus if your financial circumstances do change you may find monthly payments more difficult down the line. Additionally, the housing market can be fickle and the property purchased may fail to appreciate in value. Even if the value remains much the same, if the borrower has negative amortization you may wind up owing more on the mortgage than the actual value of the house making it difficult to make a profit on the house when and if they decide to sell. How much is an interest only payment?

When considering an interest only mortgage, do the math to figure out if you're able to handle the amount of the monthly payment. Figuring out the monthly interest only payment on your mortgage is easy. Say that the unpaid loan balance on your property is $400,000 with an interest rate of 7%. Multiply those numbers together for an annual interest of $28,000. Divide that number by 12 months and you can find your monthly interest payment: $2,333. Keep in mind that after the interest-only period, your payments will increase as you begin to pay back the loan principal.

31 Money-Saving Tips to Conquer Your Financial Goals This Month

This article has been taken from Apartment Therapy and written by Brittany Anas, our reliable source on all things Home, Design, and Style. If you’d like more information on Money-Saving Tips to Conquer Your Financial Goals This Month, then please visit the linked website.

Maybe you’ve made “saving money” a resolution for 2020. It’s one that’s really tough to follow through on, often because we associate saving with skimping. Depriving ourselves. Eating Ramen noodles for dinner. 

The first step toward saving money is reframing the entire concept of saving money. It’s time to try viewing it not as being cash-strapped, but as reallocating your funds. Then, you’ll be on track to achieve your financial goals, whether that’s putting money towards a down payment on a home, doing a “Fixer Upper”-style renovation, or having the warm and fuzzy feeling that comes with an emergency savings account. 

Just imagine how good the “before” and “after” snapshot will look as your financial health grows from scrawny to mighty. To put you on track toward saving money, we gathered 31 actionable tips you can do every day for a month. (P.S. None of them involve bricks of ramen!)

Open a high-yield savings account

We’re starting with the low-hanging fruit, err, dollars. It’s easy: let your money make money for you. When you put money into a savings account at a traditional brick-and-mortar bank, it’s typically earning less than 1 percent interest, explains Brittney Castro, a certified financial planner with personal finance apps Mint and Turbo. That’s why she suggests opening up a high-yield savings account. These types of accounts are typically online only, but you could be earning interest of 2 percent or higher while it’s sitting in savings, she says. Castro suggests setting up an automatic transfer into the high-yield savings account, even if it’s just $50 a month to start. The one drawback? If you need to withdraw money from the online savings account, it could take 24 to 48 hours to transfer the money, Castro explains. So, it’s good to have an emergency stash that’s more liquid.

Enact a 30-day waiting period

Let’s say you see an item you’re interested in buying. Instead of purchasing it right away, set a calendar reminder for 30 days out that reminds you of the item you wanted to buy, suggests Nick Loper of Side Hustle Nation. Getting in the habit of this will help you make more intentional purchases. Many times, you’ll forget you even wanted the item to begin with. 

Set aside ‘no spend days’

“Set a goal for a specific number of ‘no spend days’ per month,” Beams suggests. A “no spend day” is a day where you do not make any discretionary purchases, like coffee, dining out, or shopping online. “This could help you curb unintentional spending and save hundreds every month,” she says.

Round up spare change

Call it a scavenger hunt! You’ve probably got some loose change hanging out in your couch, under you car seat, in your purse, or stashed in coat pockets. Gather it all up and feed it to your savings accounts. A warning, though: Avoid the change-counting kiosks at the grocery stores; they charge a fee. Many banks and credit unions have free change counters for account holders.

Review your subscriptions

Apps like Truebill will review your accounts and negotiate savings with companies on your behalf. But, if they save you money, they’ll take a cut. You could try doing this without Truebill by reviewing your monthly expenses and reaching out to companies on your own to see if you can take advantage of any savings, or if they’ll lower your bill.

Swear off $5 bills

Here’s a quirky tip to store away in your money-saving arsenal: Choose a denomination of money (say, a $5 bill) and then refuse to spend it unless it’s an emergency, suggests Greg Mahnken, a credit industry analyst with Credit Card Insider, a credit card comparison site. This year, Mahnken says he saved just over $400 by saving $5 bills alone, and, admittedly that’s without using cash very often. 

Minimize credit card debt

Credit cards have some of the highest interest rates compared to other loans, Palmer says. Consumers who have existing debt could save money on monthly interest fees with a 0 percent balance transfer card that offers 12 to 18 months interest free. A good credit score—or a FICO score of 690 or higher—may be required to get this type of card, she says. 

“If consumers can’t qualify for a balance transfer card, another way to lower costs is to pay down debts in order of interest rate, from highest to lowest,” she says. But, you don’t necessarily want to pay off your credit cards, especially your older ones, because the age of accounts is one factor of a healthy credit score.

Negotiate your credit card APR

File this under “it doesn’t hurt to ask.” If you have a strong credit score, you have a better chance of negotiating a lower rate, Palmer says. After all, your credit score may have gone up since you’ve opened your card. Simply call your credit card issuer and ask if your APR can be lowered

Tell your bank to ‘save the change’

Some banks, like Bank of America, and credit unions are offering “Keep the Change”-type programs that round up each purchase you make to the nearest dollar and then kick the spare change into your savings account. You can also try an app like Acorns that will invest your spare change.

Create and name dedicated savings accounts

If you’re saving for something specific, or working toward a financial goal, one easy way to save money is to create a dedicated savings account, says Dana Marineau, a vice president and financial advocate at Credit Karma. 

“Instead of simply putting money into ‘savings,’ you’ll be contributing to ‘your first home fund,’ or ‘honeymoon pot,’ or ‘car savings,’” she says. “Knowing you’re working toward something specific will make it easier to contribute regularly and will help you avoid withdrawing from that account for anything else.” 

Some banks allow you to actually name a specific account, according to Marineau. If yours doesn’t let you name an account, it still can be worth creating a separate, dedicated account so as to avoid dipping into a general savings account.

Pay with cash

Paying with cash can make you think twice about a purchase as you hand over your money, says Marineau. It feels more immediate, which can help you spend with more intent, she says. Once you set a budget for something—whether it’s a birthday gift or groceries—carry that exact amount of cash with you so you don’t overspend, she suggests.

Be careful of what you buy in bulk

Pay attention to unit pricing while shopping, suggests personal finance expert Tanya Peterson, vice president of brand with Freedom Debt Relief. You can usually find this pricing displayed on grocery store shelves or price tags. It turns out large packages don’t always provide the greatest value and mid-size packages may net you a better deal, she says.

Do a social media edit

Follow financially savvy young professionals instead of, say, fashion or travel influencers, suggests Brian Walsh, certified financial planner at SoFi. “They will inspire you to stick to your goals rather than keeping up with the Joneses.” One account worth checking out on Instagram: @thefinancialdiet. 

Shop the dollar store

Get familiar with the inventory at your local dollar store. The same household items and non-perishables you spot at big-box stores or grocery stores may sell for much cheaper at the dollar store.

Sell your unused items

Knock out two resolutions at once by decluttering your home and selling your unused items, Peterson suggests. No need to spend a Saturday holding a garage sale, you can simply sell things online through Facebook Marketplace or OfferUp.

Buy ugly produce

Grocery stores will oftentimes discount abnormal-looking or bruised produce, even if the quality is perfectly fine, Beams says. This could shave $10 or so off your grocery bill. Here are more ways you can save at the grocery store.

Get a library card

Not only can you save money by renting books, Beams says, but libraries have all types of rentals available. We’re talking movies, museum passes, tools, telescopes and more.

Refinance your home

If you’re a homeowner, you might want to get in on the low interest rates that are being offered, or refinance to eliminate Private Mortgage Insurancepayments you’re making. Check with a mortgage broker to see just how much refinancing could save you, Beams suggests.

Budget differently each month

A trap we often set for ourselves is by having a set budget every month. But a better strategy could be treating every month differently, factoring things like family members’ birthdays, a vacation, or the holidays, says Kavita Kamdar, head of Chase Autosave. A special budget for each month can help guide your spending and keep you on track, and also keep you from feeling defeated if you spend more during a certain month. A tool like Chase’s Budget Buildercan help you make these kinds of adjustments. 

Take advantage of free community activities

Concerts, festivals, and even guided hikes are often offered for free and can be a fun way to get together with friends or family members, says Jessica Salazar, a managing partner at Northwestern Mutual. Peruse your community calendars and try out an event, free of cost, instead of making a dinner reservation.

Max out the points on your credit cards—but don’t overspend

Whenever you use your credit card to make a purchase, transfer the cash from your checking account and pay off the purchase immediately, Salazar says. That way you can still earn the benefits—whether it’s cash back or airline miles—from using your credit card without racking up the debt and paying interest.

Increase your 401K contribution

The benefits of this are twofold: It reduces the short-term cash you have available, so you’ll spend less, but you’ll also be building your net worth, says R.J. Weiss, a certified financial planner and founder of the personal finance site The Ways to Wealth. Before doing so, make sure you have enough flexibility in your budget to increase your contribution and, if your employer has a 401K match program, research the limit.

Pack your lunch

A study from Visa found that people spend $6.30 a day on lunch when they pack their own. That compares to $11.14 a day when they’re eating out. Visa has a lunch tracker app to help you determine how much you’re spending on your meals; it’s available for iOS devices. 

Audit your bills

If your bills are set up on auto-pay, there’s a good chance you’re not taking a good look at your monthly statements. Set aside some time to make sure there are no errors on your monthly bills. For instance, a couple of years ago I audited my own bills and found that I was erroneously being billed $6.99 a month for a “leased router” on my Internet bill. I owned a router. I was able to get a credit on my account once I pointed out the error. 

Use your FSA at the drugstore

This might be something you want to wait to do until the end of the year. But, if you’ve got a Flexible Spending Account—and you don’t want to risk losing money set aside in it—you definitely should know about all of the items that you can spend it on and stock up. We’re talking sunscreen, First Aid care, motion sickness aids, lip balm, eyedrops, condoms, contact lenses, and more. Walgreens has a comprehensive list on what’s FSA eligible with and without a prescription.

Re-shop for car insurance

It’s easy to take a “cruise control” approach to your car insurance, renewing every year without hesitation. But Kimberly Palmer, a personal finance expert for NerdWallet, suggests re-shopping for auto insurance to see if you can save some money by switching plans. A NerdWallet study found that 70 percent of drivers have been with their car insurance companies for four years. And yet, Americans, on average, could be saving $859 a year by shopping around for car insurance, the study found. If you’ve recently been in an accident or received a speeding ticket, it’s especially a good idea to re-shop your insurance because some companies aren’t as punitive as others, according to Policy Genius, an insurance comparison site.

While you’re at it, bundle your insurance 

If you have apartment insurance and vehicle insurance, bundle ‘em together. You’ll often be able to get a reduced insurance premium by doing this with your insurance company, says Victor Fong, a Toronto-based certified public accountant and personal finance expert.

Dispute overdraft fees

According to an analysis from NerdWallet, the average American overdraws on their accounts a little more than twice a year. Overdraft fees can vary, but hover around $35 each time you do it. You might be able to get your bank to waive the fee—and it may be as simple as pointing out how long you’ve been a customer.

Create a chore chart

Staying on top of your home maintenance tasks can save you big bucks. For example, forgetting to change your HVAC filters could lead to dirty filters—which might mean increased energy bills and damaged systems rack up repair bills between $350 and $900. Similarly, cleaning your gutters could save you money by preventing dry rot to the fascia and soffit boards and siding. 

Boost your credit

Ultimately, a good credit score can help you nab the best interest rates on credit cards, auto loans, and home loans, ultimately translating to savings. A score of 740 or above will get you the best rates. Having good credit can also help you save on auto insurance and exempt you from putting down a deposit for your utilities. 

There are plenty of credit-boosting building blocks that are approachable. You may want to try out a service like ExperianBoost or UltraFico so that your bills, like your utility payments, start getting reported. Find out when your credit card company reports to the credit bureaus so that you can make sure your balance is under 30 percent by that date. Here are 23 of our favorite expert-approved credit-boosting tips.

With these expert pointers in mind, you’ll be able to confidently approach your 2020 savings goals.

If you’re interested in purchasing your first home, then please contact your nearest Denver Realtor.

https://www.soldfor1995.com

You’re 4 Steps Away From the Breakfast Nook of Your Dreams

This article has been taken from Apartment Therapy and written by Sarah Lyon, our reliable source on all things Home, Design, and Style. If you’d like more information on Breakfast Nooks of Your Dreams, then please visit the linked website.

Congratulations! If you’re reading this, there’s a good chance you’re lucky enough to have a breakfast nook in your home or apartment. (Or maybe you’re simply dreaming of the day you will have a breakfast nook, which also deserves some kudos.)

I recently moved into a new place with a small dining area, and am thrilled that I no longer need to perch on a bar stool or balance a plate on my lap on the couch. (Hey, we’ve all done it before!)

The only thing better than dining in a breakfast nook? Decorating it to your heart’s desire. Fortunately, styling your cozy corner is incredibly easy. Follow the simple steps below to put the fun back in fine dining.

Choose Chairs That Make a Statement

Now isn’t the time to settle for regular old dining chairs! Get fancy by picking out some seating with a little extra personality. Courtney of A Thoughtful Place opted for darling blue bistro chairs that give off major French cafe vibes. Make sure that whatever seating you select is comfy and not too stuffy. This isn’t a formal dining space; it’s a place to lounge with coffee and the morning paper, eat an after school snack, or enjoy a solo dinner in peace.

Get Cozy with Pillows

Sit down and stay awhile, why don’t you? Pillows will encourage guests (or roommates!) to enjoy their meals a bit longer. We love the mudcloth patternsin Kate Kordsmeier’s home, but you can really go in any direction you like in terms of picking a style or color scheme. Just be mindful of what kind of fabric you choose if you live with little ones (or adults!) who might be spill-prone.

Hang a Gorgeous Fixture

ICYMI: Great lighting is crucial to a breakfast nook. Take the time to replace the boring pendant that came with your place and hang something eye-catching, like the beautiful beaded beauty shown above in Ashley Campbell’shome. Doesn’t it do wonders for space? I couldn’t love it more!

Plop Down a Rug

Placing a rug under your table will add the perfect finishing touch to this small space. Bonus: since there’s less square footage to cover, you’ll spend much less than you would in a larger dining space. We love how Cassandra LaValle of Coco Kelley paired a boho-like rug with more traditional cane chairs and a light wooden table.

If you’re interested in buying your first home, then please contact your nearest Denver Flat Fee Realtor to learn more information about the Denver Market.

https://www.soldfor1995.com

6 Reasons Why a Colorful Couch is Always a Good Idea

This article has been taken from Apartment Therapy and written by Sarah Lyon, our reliable source on all things Home, Design, and Style. If you’d like more information on Why a Colorful Couch is Always a Good Idea, please visit the linked website.

When I moved into my new apartment last month, I was debating between either ordering a classic linen couch or opting for a more fun, modern-looking option like a navy blue velvet couch with gold legs. I went with the latter, and I couldn’t be happier—and not only because I’m spill-prone. The pop of color just makes my living space so much more fun. If you, too, are itching to add some brightness to your space in couch form, the rooms below will give you the extra boost of encouragement you need!

They Help Break Up Monotony 

The New Orleans Creole cottage above has some beautiful architectural elements—just look at that exposed brick wall, the gorgeous old-fashioned looking ceiling, and the stunning hardwood floors! However, with the addition of leather chairs, the room turns very reddish-brown. A blue couchprovides the right amount of contrast and color without totally overpowering the space, and it makes the room feel a little younger and more fresh.

They’re Just So Cheerful 

Is there anything happier than a yellow couch? We didn’t think so (aside from, you know, a puppy sitting on a yellow couch). We bet coming home to this living space at the end of a long day is an instant breath of fresh air. Take a cue from this Oakland apartment dweller and snag your own!

They Can Look Super Chic

Don’t confuse “colorful” with “trendy.” This certainly isn’t always the case! Brightly colored couches can still look super classic when styled with more traditional accessories, as seen in the room above. The marigold piece in the Netherlands home is still the star of the show in our eyes, though!

They Can Tie the Room Together

As this San Francisco house tour proves, there are worse things than being known as the person with the pink couch. This one is playful, feminine, and acts anchors the printed accent chair, wallpaper, and rug. The result? A room that’s fun, but not too over-the-top.

They’re Cozy Looking

If you ask us, colorful couches can make a space look more welcoming and homey. The serene sofa in Chantal Berkelmans’ Dutch home looks like the perfect place to kick back and gather with friends. Nothing is taken too seriously and everyone is welcome to come and hang out.

They Add Warmth

Maybe you live in a rental unit where you can’t paint over your plain white walls. A colorful couch, such as the one pictured here, is a great alternative. This reddish hue adds tons of warmth to the space, no paint required!

If you’re interested in moving to Denver, then please contact your nearest Denver Flat Fee Realtor to learn more information about the Denver Real Estate Market.

https://www.soldfor1995.com

10 No-Cost Ways to Redecorate Your Home for the New Year

This article has been taken from Apartment Therapy and written by Danielle Blundell, our reliable source on all things Home, Style, and Design. If you’d like more information on Ways to Redecorate Your Home for the New Year, then please visit the linked website.

New year, new you, new home, right? Well, if you had the money for that last one, that’d be the case anyway. If the holiday season has you tightening your purse strings a bit, know that you’re not alone. Maybe you can’t move into a new space or splurge on a whole bunch of new stuff for that matter. But that doesn’t mean you can’t make your home look a little bit different. There are plenty of no-cost design changes that can help refresh for the new year, and these ten freebies are where we’re starting.

Shop Your Home for “New” Accessories 

Take the lamps in your living room and swap them out for what’s on your bedside tables. You can do the same thing with other non-installed decorative items around your home, from vases and plants to throw pillows and blankets. If you feel motivated to switch out the art in your rooms, you can also do that, too.

Colorize Your Books

Yes, we know this is controversial, but hear us out. If you haven’t arranged your collection by color yet, sort your books by spine shade and give that ROYGBIV game a go. Or edit your books on display down to a tight color palette and put the outliers in baskets or bins. This will bring a bit of visual harmony and calmness to your space. Or if the rainbow look isn’t for you, you could reorganize to find a system that works for you—genre, alphabetical by author, etc.

Feng Shui All Day 

Take some time to rethink your layout, applying some of the basics of feng shui to it so energy-wise, your home’s flow is better. For example, if sitting at your desk means your back is to the door, change that so you’re facing it (this is called a place of power). Keep bathroom doors closed. Make sure your mirrors are in a spot where they’re best reflecting natural light. A bunch of little tweaks can make your space feel fresh and more harmonious for you and anyone else who walks through your doors.

Declutter

Seriously, we say this all the time. But all that stuff is making your space feel claustrophobic, and it’s dampening the energy in there, too. Make like Coco Chanel, and instead of removing one accessory before you go out, remove one thing you don’t need from each room you walk into—the bigger the item, the better. Donate all your cast-offs in good condition to charity.

Swap Bedrooms 

This tip won’t really work for those of you (like me) in one-bedroom apartments. But if you’re feeling like you want to shake things up and your roommates or family members are down for it, try swapping bedrooms with someone. This may be easier said than done if there’s a big disparity between the sizes of sleep spaces in your home. If the stakes are low though, why not? You’ll be forced to rethink your layout and belongings, so welcome that change. And if you live alone and have multiple bedrooms, even better. You’ll have your pick of the litter!

 Remove Your Blinds or Heavy Window Treatments 

Not saying you should do this all throughout your home—especially not in private areas like bedrooms and bathrooms. But if you have a rear-facing kitchen window where sunlight just streams in, for example, give it a chance. Or maybe you have a big living room window. Just take the blinds or curtains off and fully embrace this feature you’re lucky to have.

Repurpose Old Clothing and Accessories into Decor 

Turn a favorite old college or high school tee into a pillowcase. Use scrunchies or hair ribbons as curtain tie backs. Instead of wall art, hang necklaces off of pushpins or store bracelets on a dowel so they look like sculpture. The more creative you can get, the better. Some of these ideas may even make it easier for you to get dressed in the morning.

Take Your Upper Cabinet Doors Off

Have you always loved the look of open shelving in a kitchen? See if you can make your kitchen look airier by removing a set of upper doors or two. It won’t work in every case or layout, but I’ve seen this done before in low budget renovations, and it’s a quick way to take 10 years off the age of your kitchen. Be prepared to sort and toss mismatched dishes though. Hope neatness is your strong suit.

Update Your Headboard

Your bedroom could use a little love, too. So look around your house for a spare throw blanket, piece of fabric, or tapestry. Throw it over your headboard and bask in your decorative genius—you don’t even have to tuck the fabric in so long as your stack of pillows is high enough to hide the end of the fabric. This will make your headboard look new, and when you tire of this pattern or color, you can rotate something new in.

Clean Your Windows and Light Fixtures

Even if you live in an area where it’s warm year-round, winter days can be shorter and darker on the whole. So make sure you are getting your best light by optimizing the windows and light fixtures you have with a good thorough clean. Give your windows and mirrors a once-over with a cleanser, so they’re not streaky or smudgy. And dust off your light bulbs off while you’re at it. Dirty bulbs can decrease light output and waste energy. Use a dryer sheet to gently wipe bulbs off and enjoy the little bit of boost you get in the brightness department.

If you’re interested in buying your first home, then please contact your nearest Denver Flat Fee Realtor to learn more about the Denver Market.

https://www.soldfor1995.com

The 7 Products that Pro Decorators Say Aren’t Worth Spending Your Money On

This article has been taken from Apartment Therapy and written by Sarah Lyon, our reliable source on all things Home, Style, and everything in between. If you’d like more information on Products That Aren’t Worth Spending Your Money On, then please visit the linked website.

It may seem like professionally designed spaces feature only the finest, priciest pieces of furniture and decorative accessories—a sculptural lounge chair that looks like it belongs in a museum, a wall hanging made by hand using ancient weaving techniques. And wait, that decorative tray on the coffee table costhow much?

But in reality, there are plenty of affordable designer-approved items that will add function and sophistication to your home. And on the flip side, there are plenty of seemingly “must have” products that designers say aren’t worth the hype. So where can you cut corners? Four designers weighed in on things that aren’t worth spending tons of money on—and the budget buys you should consider for these categories instead.

Lamps

Good lighting is essential in any home, but it doesn’t have to be expensive. “Although there are many beautiful, high end lamps, I have found many fantastic lamps for under $100 online and at local stores,” says Molly Kay Johns of MK Interiors. Many look just as nice as the expensive ones, and you can save hundreds of dollars this way.” If you really want to save big, check out your neighborhood thrift store—we’ve found some great pieces at amazing prices.

Decorative Accents

Step away from that museum-worthy trinket dish—you can likely find something just as gorgeous for a fraction of the price if you do a bit of digging! “Vases, books, and other pieces for shelves and coffee tables can be found at local stores and some online marketplace for a lot less than big brand names,” Johns explains. “You don’t need to spend $900 on a vase for it to be pretty.” Heck, the next time someone sends you flowers, hold onto the plain glass vase. Cut flowers really shine in something that’s simple.

Art

“You can also find some amazing art at estate sales, on Everything But The House, and on Etsy,” notes Elizabeth Stamos, owner and principal at Elizabeth Stamos Design. “This artist has beautiful Paris prints that are really well priced.” You can also create your own art or frame swatches of wallpaper, magazine tear sheets, or blown up vacation photos. As long as you like what’s hanging on your walls, the price doesn’t matter. 

Side Tables

Don’t be afraid to add less expensive furniture pieces to the mix when you’re looking to cut back on decorating expenses. A good place to go cheaper is with occasional furniture like side and end tables. As Johns notes, “When paired with a larger, more substantial, high quality table elsewhere in the space, you can use a less expensive side table, and it will blend in nicely.” Same goes for nightstands in the bedroom—splurge on a headboard or bed, since it’s the focal point but don’t sweat the small stuff. Check out Apartment Therapy’s Bazaar for some viable options. This eclectic side table is available for only $135.

Dinnerware

“For young families, I always recommend the Williams-Sonoma Apilco white plates,” says Shannon Crain of Shannon Crain Design. “They are easy to clean, pretty, and don’t chip! Buying fancy china means some hand-washing is involved, so save money and time with a set of porcelain for everyday.” This particular collection is also microwave-safe and designed for restaurant use, so you know it’s going to stand up to wear and tear.

Entertaining Accessories

As much as we wish every day was a party, you’re likely not hosting seven days a week. So keep your entertaining items budget-friendly, designer Marika Meyer advises. “You can find fabulous home accessories at retail shops like West Elm and CB2 that look great for less,” says Meyer. “I love these CB2 faux cut crystal tea light holders and snapped up a bunch of these for a party I hosted over the holidays. I also love these West Elm drink glasses.  They come in multiple sizes, and the glass feels really refined, so you can use it just as easily for water as you can for cocktails.” If either of these options seem a little too pricey, know that your local dollar store is probably another good destination for basic glassware and candle holders.

Coffee Table Tchotchkes 

No vignette is complete without a candle or sculptural piece, but these items don’t need to cost hundreds. Stamos is partial to this CB2 match striker. Similar pieces are popping up on coffee tables across the country, and it just might be the cheapest way to bring a Goop-endorsed piece into your place.

If you’re interested in buying your first home, then please contact your nearest Denver Realtor to get the most up-to-date information about the Denver Market.

https://www.soldfor1995.com

3 Things to Splurge On for Your Bedroom, And 3 Things You Can Save On

This article has been taken from Apartment Therapy and written by Hannah Baker, our reliable source on all things Home, Style, and everything in between. If you’d like more information on Things to Splurge on In Your Bedroom and Things You Can Save On, then please visit the linked website.

When it comes to decorating any room, it’s reasonable to assume you can’t splurge on every single piece of furniture or accessory you put into the space. Your bedroom—you know, the place you relax, unwind, and spend roughly a third of your life, should certainly feel calm. That said, how should you decide what to spend your money on and where you can cut corners? Well, leave it to the experts. We spoke to three designers on how to get the most out of your bedroom budget, and here’s what they had to say. 

Splurge On Custom Drapery

Because every window and room is different, Haley Weidenbaum, designer and founder of Everhem, says custom window treatments are the place to splurge. “If you want window treatments that look right in your space, it’s best to make the investment in some that are tailor-made for your unique windows,” says Weidenbaum. “When you order custom drapery, you’re designing something specifically for the width and length of your windows—and the height of your ceiling—so you can guarantee they’ll look proportional.” Plus, you’ll want to make sure you have drapery that suits your sleeping needs, whether that be of the blackout variety for the light sleeper or perhaps a sheer option for those who like to rise with the sun.   

Save On Nightstands

Weidenbaum says to go the inexpensive route when it comes to bedside tables. “Nightstands are a heavy use item in the bedroom,” she says. “While you might not realize it, they’re susceptible to a lot of wear and tear. Considering you can find affordable and perfectly sized nightstands at just about any big box or furniture store, the high-end route isn’t worth taking. And in a small space, you don’t even need nightstands. Try flanking your bed with wall-mounted shelves or even a set of simple chairs. All you really need is enough of a surface for a clock, lamp, and maybe a glass of water.”

Splurge On Art

If you’re familiar with LA-based designer Emily Henderson and the way she mixes whimsical vintage pieces with newer products, then you won’t be too surprised by her bedroom splurge suggestion. “The great thing about decor products in 2020 is that there is so much out there that is affordable and really good quality,” says Henderson. “So where I want—and recommend—to spend money is on a really special and/or vintage piece of art you love for your bedroom.” One good piece of art can make your space unique and elevate the overall style. “Plus, it’s something that can easily move with you from room to room, home to home,” says Henderson, so art is always a great investment, even if you’re currently living in a rental. And remember: There’s no need to buy all the art for your home at one time. A solid personal art collection takes time, thought, and careful curation.

Save On Sheets

“Where I would save is bed linens,” says Henderson. “I honestly use simple Target bedding most of the time with a cool throw or quilt.” Henderson is quick not to discount luxury bedding—but if budget is a concern, your money just might not be best spent here, since it’s fairly easy to fake the look of a high end bed. It’s all about the layering. Find a neutral budget bedding set to use as a base and then pile on a few interesting throw pillows and a blanket. This way, you can easily switch out these accessories when you feel like changing up your bedroom without buying all new bedding.  

Splurge On a Mattress Pad and Pillows

Maybe you wish you could replace your mattress—it’s never been that great, but it’s not quite past its prime yet. Well, that doesn’t mean you can’t tweak your sleep setup at all. In fact, designer Maggie Griffin believes in splurging on comfort with a couple of key bed add-ons. “Find yourself a comfy foam mattress pad and pair it with memory foam pillows,” Griffin says. You might be surprised how much these extras make a difference in terms of comfort. 

Save On Decorative Accessories 

When you set out to decorate your bedroom, Griffin says to make sure your space feels tranquil, which means keeping extraneous objects to a minimum. “Be careful not to overspend on too many accessories or furnishings when decorating your space,” says Griffin. “Your bedroom should feel restful and spacious—not cluttered with excess stuff and furniture.” 

If you’re interested in purchasing your first home, then please contact your nearest Denver Fixed Rate Realtor to learn more about the Denver Market.

https://www.soldfor1995.com

The 7 Coziest Heated Throw Blankets to Keep You Toasty All Winter Long

This article has been taken from Better Homes & Gardens and written by Jessica Bennett, our reliable source for all things Home, Gardens, and everything in between. If you’d like more information about your ideal Heated Throw Blankets, then please visit the linked website.

Most of us spend a lot of time cozied up indoors this time of year, but sometimes our go-to throw blankets aren't quite warm enough to ward off winter's chill. Though electric blankets, also known as heated blankets, have been available for years, today's crop is decidedly more beautiful and functional than ever. Warmed by heating elements sewn into the fabric panels, electric blankets are ideal for snuggling up on the couch, layering atop a bedspread, or adding an extra warm touch to the car while you're on the road. Simply plug your throw into an outlet, wait a few minutes for it to heat up, and wrap yourself in whole-body warmth. Here are seven of our favorite electric throw options for every budget and aesthetic (just be sure to use them safely!).

Best Heated Blanket with Multiple Temperature Settings

This heated throw is a top choice on Amazon for its affordability and convenient features. Available in seven colors, the blanket is equipped with 10 heat settings so you can easily adjust the warmth to your desired level of toastiness. The heating technology, which is spread evenly throughout the quilted fleece design, automatically adjusts as needed to deliver consistent heat. Bonus: It's machine-washable and safe for the dryer!

Buy It: Sunbeam Heated Blanket, $39.99, Amazon

Best Patterned Heated Blanket

You shouldn't have to sacrifice style for warmth. This electric blanket comes in a variety of pretty patterns, including this black-and-white buffalo check, so you can coordinate with the existing decor in your living area or bedroom. An extra-long cord makes it easy to bring the warmth wherever you need it, and an automatic 10-hour shutoff provides an additional level of safety.

Buy It: Biddeford MicroPlush Heated Throw, $39.99 (originally $80), JCPenney

Best Faux Fur Heated Blanket

Plush faux fur and a super-soft texture make this blanket a must-have for cold winter nights—even if you don't turn it on! According to one reviewer, "just the throw by itself is extremely warm and cozy." At over 4 feet wide and nearly 7 feet long, this oversized heated blanket is perfect for sharing.

Buy It: Zuri Oversized Heated Faux Fur Throw, $59.49 (originally $69.99), Wayfair

Best Heated Blanket for Travel

The solution to freezing-cold car rides is here: This 12-volt electric blanket plugs into your vehicle's cigarette lighter to provide cozy warmth on the go. It only takes about three minutes to heat up, and the 6.5-foot cord is long enough to reach the backseat. Great for road trips and tailgating, this cold-weather accessory also makes a practical addition to your vehicle emergency kit.

Buy It: Sojoy 12V Heated Electric Car Blanket, $24.99, Amazon

Best Heated Blanket for Couples

You and your bed partner may not always agree on what temperature to set the thermostat, but this heated throw blanket can help you both sleep comfortably. The queen- and king-sized versions include two controllers (one for each side of the bed), so each person can choose their desired level of warmth from the 10 heat settings. The machine-washable design comes in five colors, so you can pick the hue that best coordinates with your bedroom decorating scheme.

Buy It: Biddeford Blankets Comfort Knit Heated Blanket, $60.00, Amazon

Best Plush Heated Blanket

The plush, faux-fur fabric makes this heated throw blanket the ultimate cozy addition to your couch, reading nook, or bed. Made of 100% polyester, it's silky smooth to the touch and features a honeycomb design on one side that reminds of our favorite chunky-knit throws. Five heat settings let you dial the heat up to your liking.

Buy It: Serta Heated Electric Honeycomb Faux Fur Throw, $71.99, Amazon

Best Heated Blanket for People with Cold Feet

If your feet are always freezing, this blanket was made for you. The throw is over 6 feet long and features a foot pocket at the end to keep toes toasty. With plush fleece fabric and three heat settings, it'll keep you warm and snug during movie nights on the couch or chilly afternoons spent with a good book.

Buy It: Beautyrest Foot Pocket Soft Microlight Plush Electric Blanket, $51.99, Amazon

If you’re interested in getting cozy this winter in a new home, contact your nearest Denver Flat Fee Realtor to get more information about our current Denver market.

https://www.soldfor1995.com

14 Small-Space Lessons from a 750-Square-Foot Townhome Makeover

This article has been taken from Better Homes & Gardens from author Deb Schwartz, a reliable source for Homes, Gardens, and everything in between. If you’d like more information on how to makeover a small space, please visit the linked website.

Designer Shannon Claire Smith knows the challenges of small space living. Faced with a dated 750-square-foot Washington, D.C., condo, she used paint and smart furniture choices to transform it into a glamorous retreat. (Only the bathroom underwent a full renovation.) Her tips for making this one-bedroom look and live larger than it is can be applied to any small space. We drew on lessons learned from Smith's interior designs to answer reader questions on making the most of tight quarters.

1. Make Your Room Seem Larger

Smith painted the built-ins blue-black. "Dark colors are counterintuitive," she says. "A lot of people think they make a space feel smaller, but they really make the ceiling feel higher and the room appear larger." Black window casings also draw eyes out, making a space seem larger. White shades trimmed in black retain the effect, even when closed.

2. Go Big on Seating

A low-back sectional actually takes up less space than a sofa and chair would and accommodates her tall husband, Nick Herman. She pushed it right up to the built-ins, leaving just enough room to open the cabinet doors.

3. Simplify Silhouettes

Furniture with simple shapes and strong lines, like the round coffee table, keep a space from feeling cluttered. The table's open brass base has a light visual footprint, and its curves are easy to navigate.

4. Build Continuity

A decorating scheme that flows room to room is key in a small space, where multiple rooms are often visible at a glance. Smith achieved flow with a limited, mostly neutral palette that gets depth and interest from varied shades: whites and ivories, charcoals and grays, navy blues and blacks. She restricted metal finishes to matte black and antiqued brass. Because the front door opens directly into the main room, Smith positioned the dining and console tables to designate a foyer, which ends at the dresser that she stocks like a bar.

5. Use Mirrors

Smith wanted to preserve the illusion of space that the existing mirrored wall created. However, it lacked character, so she installed a grid of molding over it. Seams in the mirror determined the molding placement, and industrial-strength contractor's glue holds the off-the-shelf pieces in place. Hanging art on a mirrored wall creates even more visual depth.

6. Store Smarter

Smith replaced a bulky yet shallow upper cabinet and short glass shelves with deep wood shelves that hold more. A tile backsplash in a classic running bond pattern adds timeless appeal.

7. Use Dead Space

A picture ledge from IKEA turns the space above a shallow counter into a place to display art, store spices, and hang mugs or utensils.

8. Camouflage It

Painting the lower cabinets black blends them with the countertop. Fewer visual interruptions equal a larger look.

9. Add Drama with Paint

Smith's two-tone wall delivers instant style and creates a sense of architecture in a boxy room. The neutral color combo serves as a versatile background that she punches up with accents in warm metals and dusty rose (a throw and artwork).

10. Create Focal Points

Architectural elements, like box molding on the walls, plus a bold ceiling light and a statement headboard, give a room flair. Smith styles the bedside table in layers, starting by leaning a mirror against the wall to anchor the vignette and frame a small painting. Clustering small items gives them greater impact.

11. Create an Illusion

Smith painted the ceiling black in the bathroom because "dark colors are like the night sky—you don't really know where it ends and it makes the room feel wider and taller."

12. Use Every Inch

Open shelves fill a previously empty spot above the toilet to put regularly used items in reach. A round mirror breaks up straight lines and amplifies light.

13. Unify Surfaces

For space-enhancing uniformity, Smith chose white for the large ceramic tiles lining the bathroom walls and the small hexagonal tiles covering the floor. Bonus: Tile is easy to clean, and dark gray grout hides dirt.

14. Build in Storage

Pedestal sinks are often recommended for small bathrooms, but Smith opted for a 36-inch-wide vanity with lots of storage instead. She swapped out the hardware for a custom appearance.

https://www.soldfor1995.com