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September 2020 - Hoeting Realtors

6 Interior Design Trends That Don’t Cost a Fortune

Find budget-friendly ideas for a home makeover.

Submitted by ScS

The hottest new trends aren’t always affordable. But if you want to give a space an update, rest assured that you can do so on a budget and still be trendy. U.K-based sofa and carpet specialist, ScS(link is external), provides six tips from interior designers on renovations to consider.

1. Traditional prints in modern spaces.

Patterned Prints
Photo credit: ScS

2. Curved sofas.

Couch
Photo credit: ScS

Curved sofas have been trending in 2020. This style combines a modern look with a comfy twist that can fit into most design styles.

3. Dark kitchens.

Open Room
Photo credit: ScS

Dark colors are growing more popular in the kitchen. Try this trend on a smaller scale by giving your cupboards a new lease on life. Sand them down, and use wood paint to achieve the color you’re looking for. Don’t forget to use a primer and a top coat for the perfect finish, and try changing up your handles to complete the look. Avoid emulsion or generic paints, as these will be too thick and could become gloopy on the wood.

4. Grandmillennial style

Lots of Light
Photo credit: ScS

A design that’s been a hot topic this year is the “grandmillennial style.” Combine classic looks with a contemporary edge. This look can be tailored to every color palette and preference, and it can be done by making just one or two simple swaps.

Replace your flooring with a traditional patterned carpet (pictured the Roger Feels Richmond design from ScS), which can help transform a space. You can make a smaller commitment to this trend by including fringe accessories and velvet furnishings.

5. Contrasting doors

Moody Lighting
Photo credit: ScS

Crisp white walls and other light tones are complemented perfectly by dark woods. This look can easily be achieved by incorporating darker doors. While changing the doors in your home can sound like an expensive job, it doesn’t have to be. But don’t discard your current doors just to achieve a new color.

Remove the doors, and sand them down until they’re nice and smooth. Before painting, apply a primer and top with a hard-wearing top coat to ensure they’re durable against marks and scrapes. If you’re using black paint, don’t forget to apply two or three layers to achieve the rich look you’re after.

6. Fun bathrooms.

Clean White
Photo credit: ScS

While many are turning to funky tiling and walls, it can be an expensive choice. Instead, incorporate bright, patterned accessories, such as bath mats, shower curtains, and mirrors. Finalize the look with an indoor plant and wall prints.

Millennials Are Fueling Housing’s Rebound

August 31, 2020

Young prospective home buyers in their 20s and 30s who were once reluctant to purchase are now driving the housing market recovery during the pandemic, The Wall Street Journal reports.

Even prior to the pandemic, millennial buyers were starting to increase in number, accounting for more than half of all new-home loans early last year. They have consistently stayed above that level in the first months of this year, too, realtor.com® data shows.

The large size of this generation has prompted predictions that they will make a lasting impact on the housing market. Millennials have now surpassed baby boomers as the largest living adult generation in the U.S., Pew Research Center data shows. The largest segment of millennial births occurred in 1990, so that cohort is turning 30 this year. “We anticipate as they turn 31 and 32, we’ll just see homebuying demand grow,” Odeta Kushi, deputy chief economist at First American Financial Corp., told the Journal.

First American predicts millennials could purchase at least 15 million homes over the next decade.

Existing-home sales surged nearly 25% in July, reaching their highest seasonally adjusted annual rate since December 2006, according to the National Association of REALTORS®. First-time buyers comprised 34% of sales in July, up from 32% a year earlier.

The pandemic and low interest rates—which are under 3%—may be offering incentive for more young adults to finally buy. “Millennials, they’re roaring into home buying age,” Rick Arvielo, chief executive of mortgage lender New American Funding, told the Journal. “What the industry’s been talking about for a decade is whether they’re going to follow their predecessor generations in terms of their desire to own homes. … They have the same desires.”

Source:
Millennials Help Power This Year’s Housing-Market Rebound,” The Wall Street Journal (Aug. 27, 2020) [Log-in required.]