Cold-Weather Decor Trends to Embrace This Season

It’s officially soup season, and that means you will more-than-likely be spending a good deal of your time indoors. Ensure that you and your guests will feel a truly warm welcome when stepping into your home this time of year with these cold-weather decor trends

Mohair Throw Blankets

Nothing adds a pop of color and warmth quite like a throw blanket, but while any throw blanket can accomplish this, a mohair woven from angora goat hair and wool, has a great texture. This natural fibre can fit in with any home decor and instantly lends a cozy feel to any seating area. 

Faux Fur

Whether you are using rugs or want to enliven your space with an assortment of textured pillows, there’s nothing more cozy than a faux fur item in your living space. Pro tip: for a modern look only use fur to accent your space, it should not take the focus. Faux furs of any color (but particularly white) add a clean soft mood when paired with natural fiber furniture such as jute, hemp, bamboo, or wood.

Throw on More Pillows

Throw pillows are an essential item to make any sofa look more inviting. In the chillier seasons an easy way to embrace a cozy vibe is to simply add more pillows to the mix. A few more throw pillows than average can radiate a warm and welcoming feel that beckons you to sit and get comfortable. 

Warm-toned Window Treatments

Thick and warm-toned window treatments act like scarf of your home. Not only do they provide real warmth by insulating; they act as the perfect accent to the rest of your decor and truly send the message that you are fall or winter-ready.

Getting your home ready for the cold weather is all about achieving a cozy and comfortable feel. With a little help from these cold-weather decor trends, there’s no doubt  you’ll be loathe to ever leave your house.

Which Paint Colors Could Boost Your Home Sale Price?

It can be difficult to decide what to update and remodel in your home if you’re thinking of selling it. While kitchens and bathrooms have typically been prioritized for their return on investment, the style in which you revamp your home can have a huge effect on its salability. One factor you may not have considered can have more of an impact than you think—and that’s paint color.

Which paint colors will get you the most bang for your buck? A recent analysis from Zillow examined over 135,000 photos from homes sold across the U.S. to see how sale prices compared for homes with colored walls versus homes with white walls. The results varied depending on room type.

According to Zillow, painting your front door is one of the least expensive home improvement projects that can have a major impact on sale price. In fact, the company found homes that feature charcoal gray or black front doors typically sell for $6,271 more than expected!

Which color is low on Zillow’s list for home exteriors? Yellow. Houses painted this color reportedly sell for $3,408 less than expected.

Meanwhile, houses with kitchens that have a different color for the upper and lower cabinets, known as tuxedo cabinets, sell at a $1,547 premium. The most popular color combination? Dark, navy blue or black kitchen islands with white cabinets. In dining rooms, however, homes that feature oat brown to medium sandy brown walls, and with yellow undertones, typically sell for $1,684 less than expected.

As for bathrooms, light blue or periwinkle blue paint—specifically with a gray-blue tint—increases the average selling price of a home by $2,786.

However, don’t discount neutral colors, especially if you’re accentuating them with dark pops of color. Zillow found that homes with light taupe living rooms, particularly with tan, peach or pink undertones, sell for $2,793 more than expected, while homes with more boisterous colors, like raspberry red in a kitchen, typically sell for $2,310 less than expected.

Adding a fresh coat of paint is a cheap and easy way to give your home a makeover. By choosing the right colors, you may be able to increase your home’s sale price.

Selling Soon? Understanding Bridge Loans

If you’re in the process of selling your home with plans to move, and all of a sudden you find your dream house, but your current property remains on the market unsold, you might think there’s nothing you can do. After all, you can’t buy a new house without having sold your old house, right? Wrong!

That’s where a bridge loan comes in. A bridge loan is a short-term loan that will provide a homeowner with the money to buy that new home before they sell their current one.

Also known as a swing loan, gap financing and interim financing, a bridge loan will “bridge” the gap between the time the new property is purchased and the old house sells, allowing borrowers to access the equity in their existing home for a down payment.

Interest on a bridge loan is typically calculated as simple interest and is paid up front for six months, keeping someone from having to make two house payments at once. While most bridge loans in these cases are from three to six months, they can be extended by a year depending on the lender you are working with.

Unfortunately, bridge loans usually carry an interest rate that’s roughly 2 percent above the average fixed-rate mortgage and also come with equally high closing costs.

There’s always the fear that your house won’t sell and you could be stuck paying for two properties. If you’re working closely with your real estate professional, however, and setting a fair price, you shouldn’t have any issues.

Besides, you don’t want to lose that dream home, and a bridge loan is one of the fastest ways to get the money you need while keeping you from having to accept a bad offer that comes in on your home. You can wait for your price to be met and still move into your new home.

Having a Home Inspection? Don’t Forget the Trees

When you buy a home, a professional inspection is a standard part of the process, designed to reveal any potentially dangerous and costly problems that may not be evident to the untrained eye, such as faulty electrical wiring or hidden mold.

But there’s more to inspecting a property than the actual home itself. According to the Tree Care Industry Association (TCIA), it’s just as important to know the quality and safety of large trees on the property, as a mammoth branch coming through the roof during the first storm spent in your home is a problem no new homeowner wants to deal with.

While beautiful, mature trees are probably part of what drew you to a property in the first place, the experts at TCIA advise inspecting the trees for the following issues. They could be telltale signs of an imminent problem:

- Poor past care or previous topping
- Improper planting
- Too much mulch on the root system
- Damage during construction
- Wrong tree in the wrong place
- Insect or disease damage
- Overwatering from the lawn's irrigation system, or limbs rubbing on the siding or roof

Dying or decaying trees are usually easy to spot, especially when foliage is out, but you’ll need a qualified arborist to identify some of the above problems, such as healthy-looking trees with structural defects. A professional arborist can also provide advice about the future maintenance of trees on the property to help stave off long-term problems.

Taking action on tree issues sooner than later is a wise course of action before they result in more serious and expensive problems. As Lew Bloch, a registered consulting arborist in Potomac, Md., says, "Large trees are usually an asset and a valuable amenity to the property, but weak, damaged or diseased trees are actually liabilities."

Shed Chic: A Space of Your Own

Many of us wish we had more space at home. But if you're looking for a home office or creative space, or just a room of your own a la the "man (or woman) cave," consider adding a shed to the backyard.

Oregonian Kris Denning at healthytothesoul.com calls her relaxing 'she shed' space "a zen little retreat just a few steps away from home." Her shed features pine paneled ceilings with inset dimmable lighting, white oak hardwood flooring and loads of natural light via sliding glass doors.  

Denning had the structure raised to prevent the rain from leaking in, added cedar steps out front and interior beams to give the room both character and functionality. She even wrapped pine panels on all the walls to match the ceiling.

Kathleen Fifield at AARP says the growing trend among those in the after-50 set isn’t so much about gaining some extra square footage of peaceful privacy, but rather, making a statement about doing something for yourself when you realize it’s high time to do so.

Fifield's top experts say for creating an incredible shed of your own, consider the following:

Include as many windows as the budget will allow. Modern Shed founder Ryan Smith notes that while a sliding style works well, his customers tend to prefer double French doors that open wide to the outdoors.

Color it yours. Smith says his customers are split between matching their shed hue to their main house and going for visible contrast. Emphasizing trim or eaves in something like ochre or turquoise can bring those details to life in a fun way that you might not ever try on your home’s exterior.

Beam it up! Resist the urge to drywall overhead, as it traps too much moisture. Instead, cover rough spots between beams with planks, pine or something economical like bamboo fencing.

Don't stop at the door. Fifield says great sheds have an indoor/outdoor feel, and platform decks help make the perfect transition. Add planters, beds or outdoor furniture, and consider adding a rock path or something like concrete pavers to your home’s back door to integrate the overall landscape.

How to Know If You're Paying the Right Price for Your Home

In today’s real estate environment, where bidding wars are heating up in many markets, it can sometimes be tough to know if you’ve paid a fair price for the home you just bought. If you’re working with a real estate professional whose expertise and guidance you trust, chances are he or she has negotiated the best possible price for you. But here are some other ways to know if you’ve paid the right price:

Consider the neighborhood. Location really is everything when it comes to a good real estate investment, so if you’ve bought a home in a great area, surrounded by homes of comparable or better condition, odds are you’ve made a good investment and your home’s value will appreciate over time. Your real estate agent should show you comparables of what other homes in your neighborhood sold for and are valued at.

Pay attention to the inspection report. If the inspection report comes back with any issues that will require a major investment to repair, this should be reflected in the price you pay for the home. If the owner doesn’t take care of the repair, the price should come down accordingly.

Use AVMs (automated valuation models) to get an idea of the value of your home and the neighborhood over time. Ask your real estate agent to recommend a couple they believe are most accurate. The AVM may reveal that while you feel you’re paying too much, the appreciation in a few years’ time makes the investment well worth it…or vice versa.

Take your personal circumstances into account. Ultimately, what you pay for the home has everything to do with your personal situation. If the location is extremely important to you, or the design or style is your absolute dream, then the price is worth it. It’s also important to consider how long you intend to live there. If you’re in it for the long haul, odds are you’ll regain your investment…and then some. If you’re there for a shorter term, being able to make a quicker profit or rent will be very important. Your personal situation is a critical factor in the price you’re willing to pay.

Adopting a Savings Mindset Even When You’re Saddled With Debt

From student loans to low-paying jobs, saving for future goals, like owning a home, can seem like a pipe dream for today’s younger generation. Financial expert and author Eric Tyson says there are powerful steps younger people can take right now to make the most of their money and save for a brighter future. He says it’s all about adopting a “savings mindset.”

According to Tyson, author of Personal Finance in Your 20s & 30s For Dummies®, a savings mindset involves getting the most from your spending while also spending less money in general. It also means living within your means, sticking to a budget and saving as much as you can. Two essential things to remember? Every little bit you save matters, and it’s never too late to start.

Here are few of Tyson’s tips and tricks for saving money that will help build your nest egg for buying a home before you know it.

Consider living with roommates or family. While you’re young and still free of dependents, take advantage of the opportunity to share a rental or live with relatives as opposed to living solo. If living with family, be sure to set expectations, raise concerns and establish costs and rental agreements up front.

Choose a low-cost rental. If you’re living beyond your means, now is the time to dial it back and find a place that fits within your budget. The less you're spending each month, the more you can save toward buying your own place.

Negotiate your rental increases. Some landlords increase their tenants' rent no matter how good the tenant and regardless of the state of the economy. If your local economy is weak and the rental market is soft or your living quarters are deteriorating, negotiate with your landlord. You have more leverage and power than you probably realize. Landlords don't want to lose good tenants who pay rent on time, and filling vacancies takes time and money. Craft a polite note or pay a personal visit to make your case.

Cut your utility bills. Even as a renter, try to keep utility costs low as landlords factor your energy consumption into future rental hike decisions. Adjust your thermostat and wear layers in the winter, and keep your place warmer during summer months. And if you pay for garbage service, recycle as much as possible.

Contribute to a retirement plan. Tucking away money in employer-based retirement plans, such as 401(k) or 403(b) accounts, or self-employed retirement plans is a great way to exclude money from your taxable income.

Use a health savings account. You can reduce your taxable income and sock away money for future healthcare expenses by taking advantage of a health savings account (HSA). HSAs can offer better tax savings versus retirement accounts because, in addition to providing upfront tax breaks on contributions and tax-free accumulation of investment earnings, you can also withdraw money from HSAs tax-free so long as the money is used for healthcare costs. No other retirement accounts offer this triple tax-free benefit.

Learn to cook. Cooking at home as opposed to eating out can save you hundreds of dollars each month, not to mention, keep you healthier as well. Be sure to cook enough so that you can brown bag your lunch with leftovers, too.

Eric Tyson, MBA, is the author of five national best-selling financial books, including Investing For Dummies, Personal Finance For Dummies and Home Buying Kit For Dummies. He has appeared on NBC's Today show, ABC, CNBC, FOX News, PBS and CNN, and has been interviewed on hundreds of radio shows and print publications. “Personal Finance in Your 20s & 30s For Dummies” ® (Wiley, 2017, ISBN: 978-1-119-43141-1, $19.99) is available at bookstores nationwide, from major online booksellers, and direct from the publisher by calling 800-225-5945.

3 Strange Things to Clean With

When cleaning your home, look past the vacuum and mop to get the job done right. Below are three strange household items that can be a huge help when cleaning.

Mismatched Socks
You know those socks that seem to lose their partners in the wash? Put them in a pile and use them for cleaning! Unlike a rag, you can slip your whole hand inside the sock, which offers better accuracy and mobility when cleaning the shower, counters and more.

Aluminum Foil
Did you know you could clean your old tarnished silver with boiled aluminum foil? Yep, you read that right! Simply boil one liter of water, a tablespoon of baking soda and one strip of foil. Once rolling, drop your tarnished silverware in for 10-20 seconds and remove with tongs. Voila!

Toothpaste!
Clean smudges from your windows, streaks from your glass and stains from your silver by scrubbing with a little bit of toothpaste. Afterward, wipe clean to avoid any lingering residue.

Tips and Tricks Every Homeowner Should Know

Becoming a homeowner doesn’t equip you with the basics of household know-how, although time and experience will likely teach you how to tighten up a leaky faucet. But technicians say that up to 30 percent of their service calls require nothing more than the flip of a switch or the push of a button to ‘repair’ the stated problem.

To save you from such an embarrassing experience—not to mention the cost of a service call—Readers Digest offers tips to help every homeowner recognize and ‘fix’ common issues:

• The fridge is warm. Check to see that nobody messed with the temperature dial. Turn it up if need be, and be sure no food containers are blocking the fridge and freezer compartment vents, which supply the flow of cold air.
• The bathroom lights don’t work. Sometimes all the bathroom outlets or several exterior lights are powered through a single GFCI (the red button in the middle of some outlets located in one bathroom). If there’s an outage, push the reset button on the GFCI, and you could be back in business.
• A kitchen appliance won’t turn on. When a light goes out in one room or a switch doesn’t turn on the coffeepot, check the main electrical panel for a tripped circuit breaker. Look for a switch that’s not in line with the others. Flip it fully to the off position, and then back on.
• The toilet is running. The most common cause is a worn flapper that no longer seals properly. The flapper is easy to replace without calling a plumber. Your nearest home store can sell you the part and tell you what you need to know.
• The paint needs a touchup. Mimic the texture a paint roller leaves on the wall without calling the painter. Dip an old washcloth in the paint, dab it on the spot, and toss it away.
• The garage is stuffed. Before you call a carpenter to add more shelving, mount a section of wire shelving to the undersides of the beams to give you a row of neat storage nooks. Unlike solid shelving, wire lets you see what’s up there. Then pick up a pack of S-hooks at a home center, and turn a length of wire shelving into a rack for holding garden and/or cleaning gear.

Interested in more home improvement tips? Feel free to contact me directly.

Finding the Right Contractor

When people buy a house, they’re hoping to find their dream home, but that doesn’t mean the place is perfect.

Many new homeowners buy a house knowing they are going to want to make some renovations in rooms like the kitchen and bathrooms. This would most likely require the services of a contractor, and picking an honest, fair and talented contractor is of the utmost importance.

With a little research, you can find the right contractor for you. Start by following these steps:

Read online reviews. Websites like Yelp and Angie’s List offer insights from people who share the experiences they had with all sorts of businesses, including contractors. They can be a great resource, but it helps to be a smart reader. Be wary of reviews that pile on praise to a degree that seems over-the-top, and, likewise, don’t take one or two scathing reviews too seriously without doing more research. The more reviews a contractor has, the more people have hired them. Reviews can help paint an accurate picture of what the contractor offers.

Get referrals. Any quality contractor is going to have references from past clients. The catch, however, is that these references are most certainty going to come from customers the contractor knows will speaking glowingly of them.

Still, talking to those referrals allows you to ask questions of people who have experience with a prospective contractor, and asking smart questions can give you a lot of information. Ask if the work was finished on time, if there were any unexpected costs, if the workers were considerate, if they cleaned up after they were done, and anything else you think is important.

Ask for recommendations. Even better than references are recommendations you find on your own. Talk to your new neighbors and ask if they know of anyone, preferably someone they’ve hired. This is also a nice way to introduce yourself to people in the neighborhood. There is probably even a Facebook page devoted to your new town where people share information, so join an online community and seek out recommendations.

Get specific. Be sure to ask if a potential contractor worked on the same type of room you’re looking to improve. For example, if you want to renovate your kitchen, ask for contractors who have worked on kitchens. And find out if they have experience renovating or completely redesigning.

Be smart and make sure you hire the right contractor; otherwise, buying your dream home could become a nightmare experience.

Americans Weigh in on Their Ideal Retirement

What’s your idea of a dream retirement? A sunny beach shack in the south? Or maybe a mountainside mobile home is more your speed?

According to a recent survey of 2,000 Americans from Provision Living, makers of senior living communities, living scenarios for retirement years are becoming increasingly more varied. Here are some of the most notable findings:

- While the average dream age to retirement is 60, millennials have a different scenario in mind, targeting age 56 as the ideal age to retire.

- While nearly 79 percent of respondents would opt to retire right here in the United States, for the 21 percent who prefer to retire abroad, Italy is the country of choice.

- The top 10 cities to retire in are:

1. Miami
2. San Diego
3. Denver
4. New York
5. Orlando
6. Honolulu
7. Los Angeles
8. Portland
9. San Francisco
10. Seattle

- The ideal retirement location is a city or town with a population of 52,000.

- The ideal retirement home style is a one-story ranch located along the coast/beach.

- When it comes to the size of the ideal retirement home, boomers say 1,150 square feet, but millennials would like something a little larger, reporting 1,890 square feet as their ideal size.

While retirement may seem like a lifetime away to younger survey respondents, the reality is that it’s best to start planning and saving now in order to create the ideal retirement scenario. As many as 43 percent of millennials have less than $5,000 in their retirement accounts.

But just how much money do you need to have an enjoyable retirement? According to the survey, the ideal savings to have by retirement is $610,000—with millennials saying that it should be $687,000, and baby boomers saying it should be around $574,000.