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Fall 2022 Interior Decoration Trends

On September 15, 2022

The era of the 1970s is back, and historically speaking, we are on track. As we enter the fall season, it’s clear that the 1970s are getting a more organic and cozy update. This is evidenced by the abundance of retro-inspired furniture and the vibrant and earthy colors that make their way into homes. We’ve identified the most prominent trends that will make their way into the home decor of 2022.

Bright 70s Palettes

The 1970s brings back the era’s feel with a wide range of colors and textures. The colors and textures used in this trend include mustard yellow, hunter green, and bamboo.

The trend that’s been making its way through the interior design world in the past couple of years is the green-based design trend. The muted sage variation is an excellent color for any room.

Fringe

The revival of the fringes is one of the most prominent home decor trends of the 1970s. The trend started even before the outfits worn by Elvis Presley became famous. It was also a familiar presence during the 1970s.

Adding fringe accessories to your home in small increments can bring this look into your house. For instance, you can add this look to your rugs and carpets. You don’t have to go overboard with this addition. To achieve this look, keep it simple and maintain a minimal yet elegant look. You can also add fringe accessories to your home by combining them with functional pieces such as mirrors.

Decorative Plates

Another exciting home decor trend celebrities are currently in love with is the use of plate walls. This looks great in both formal and informal spaces. The possibilities are endless with the help of plates.

This season, we’re seeing a variety of styles featuring hand-painted plates mixed with more modern offerings. This combination of styles is very visually stimulating. Having vibrant and playful plates can help balance the elements of the home.

Checkerboard

In 2022, checkers are making a big appearance all across the country. This look is sophisticated and elegant, from sleek black and white floors to timeless accessories. For autumn, this trend is expected to take a more muted approach.

A simple yet vibrant pattern like a checkered can add a bit of fun to a room. However, this look requires a lot of vision and restraint. You should avoid feeling like you’re in the circus. If you’re planning on adding this look to your home, try incorporating it into various accessories, such as vases and ceramic mugs.

Dark Woods

Blonde wood has been a popular design trend for the last few years. It was closely associated with the rise of Nordic-inspired designs still in use today. This trend is expected to shift this year and feature darker wood tones and moody paint colors.

If you’re a fan of white lacquer furniture, you’ll notice that the wood finishes are replacing the traditional white cabinets and tables this season. The use of dark wood is also seen in various areas of the home.

Tips for Entering Real Estate Development

By W Darrow Fiedler

On August 15, 2022

In Finance, Investing, Real Estate

There are many barriers to entry when it comes to real estate development. Most of the time, people are not ready to commit to a project due to a lack of knowledge about the various factors that affect real estate development.

Construction of real estate projects can take years, and they usually take a lot of planning and preparation. Even though it can be lucrative, the industry can be very challenging. Due to the fast-paced nature of the business, developers often face unique challenges that keep their operations fresh. Before jumping into the field of real estate development, there are several factors to keep in mind.

Partner with a Mentor

No matter how good you are at technical knowledge, you will need help to operate in the field successfully. Many of the skills that developers use in their projects are learned through failures. Having a mentor can help speed up the learning curve and help you avoid getting stuck with a massive loss on your first few projects. Each deal is different, and each decision point has to be considered carefully. One of the most critical factors a mentor can help you with is navigating through the various decision points involved in real estate development.

Connect with Professionals

Getting a network is also essential to become a successful real estate developer. As a developer, you will rely on the guidance and expertise of third-party consultants during the entire process. A strong network will help you connect with the right people and deliver the best possible service. Usually, you’ll want to work with multiple professionals, such as a general contractor, a civil engineer, a land-use attorney, a lender, and a surveyor.

Make a Plan

Many aspiring real estate developers ask where to start when entering the industry. One of the first steps in becoming a successful real estate developer is establishing a geographic focus. This will allow you to avoid getting stuck in the middle of a multitude of regulations when it comes to developing projects. Before starting a project, you must identify the type of building you want to make. A clear understanding of the type of building you want to make will allow you to focus on the most critical areas.

Set Goals

Getting overwhelmed by the endless tasks that come with real estate development can be a common problem. In addition to finding suitable land at a reasonable price, you’ll also need to secure the necessary financing and develop the property through the eventual disposition. Having a set of goals will help you keep track of your progress and ensure that you’re on your way.

Research the Market

Before you start working on a project, you must identify the building that you want to make. Having a clear understanding of the local property market will allow you to start developing successful projects. Before you start planning a project, it’s vital that you thoroughly research the area to determine the factors that will affect the development of the property.

This step will allow you to collect valuable data to help you develop a successful development plan. Having the necessary data will allow you to make informed decisions and maximize the potential of your project.

Great Real Estate Podcasts To Listen To In 2022

By W Darrow Fiedler

On June 7, 2022

In Finance, Investing, Real Estate

Want to improve your knowledge about real estate? The following podcasts are great for you to keep up with all the latest news and analysis about the industry. They’ll also provide you with entertaining and informative shows about home renovations and investing. Here are a few great podcasts to listen to in 2022.=

Best Real Estate Investing Podcast Advice Ever With Joe Fairless

Joe Fairless is a well-known real estate investor and host of this weekly podcast, which covers various topics related to the industry. He has a wide variety of blog posts and videos, and he frequently interviews other industry professionals. Each episode of the show provides valuable advice and insight from various guests, such as house flippers, renters, and passive income investors.

House Party

If you’re a fan of celebrity property purchases and the buying and selling of real estate, House Party is a must-listen. This weekly podcast from realtor.com talks about the latest trends in the industry, as well as the stories of real estate professionals who have experienced various home disasters. Co-hosts Rachel Stults and Natalie Way also share their personal stories of moving across the country and dealing with various real estate-related issues.

Cashflow Diary

Author and entrepreneur J. Massey is the creator of Cashflow Diary, and he also provides free training courses to aspiring and experienced real estate investors. He has a wide variety of blog posts and videos that he frequently interviews other industry professionals. He can help you find the best deals and strategies for buying and selling real estate.

Bigger Pockets

BiggerPockets is a weekly podcast that features off-the-cuff conversations with real estate investors and entrepreneurs. Co-hosts Brandon Turner and Josh Dorkin talk about their backgrounds, experiences, and failures. Each episode of the show features a different real estate investor talking about their successes and failures. The goal of the program is to provide a community of like-minded individuals who are committed to building their financial education.

The Remote Real Estate Investor

There are a variety of real estate investing podcasts available, but one that stands out is The Remote Real Estate Investor, which is hosted by Tom Schneider, Michael Albaum, and Emil Shour. The hosts of this show talk about the various advantages of remote investing. Topics covered in this podcast include investing in markets that are far from home, managing a property manager, and identifying markets to buy-in.

Buying A Home In 2022

By W Darrow Fiedler

On April 15, 2022

In Investing, Real Estate

Real estate is constantly changing, and buying a home has become extremely difficult over the past few years. In 2021, property values skyrocketed, making real estate great for sellers but challenging for buyers. Experts expect the market to relax a little bit in 2022, but it’s still not the most ideal situation for many buyers. That doesn’t mean you should avoid buying all together. If you do your research and are diligent, you can certainly find your dream home. Read on to learn a little bit about buying a home in 2022.

Home Prices Will Keep Rising, But At A Slower Rate

Although home prices are expected to continue rising in 2022, they’ll be at a slower pace than they were in 2021. According to the National Association of Realtors, home prices are expected to increase by just 2.8% in 2022. Other experts, such as the mortgage bankers association and the housing finance company Fannie Mae, predict a more modest increase of around 7%.

Mortgage Rates Will Increase, But Still Be Low

Despite the expected increase in mortgage rates in 2022, the average 30-year fixed-rate remained at a historic low of 3% in 2021. It’s important to note that even if the increase is as predicted, the mortgage rates will still be fairly low.

According to Yun of the National Association of Realtors, the average 30-year fixed mortgage rate will increase to 3.7% in the coming months. Other organizations such as The Mortgage Bankers Association or Fannie Mae believe that it will raise to 4% and 3.3%, respectively.

Actually Buying A Home

Knowing a bit more about the housing situation in 2022, you may decide to go ahead and start house hunting. But are you prepared? Ask yourself a few questions to be sure you understand what you’re getting yourself into.

Are You Financially Prepared?

No matter what the housing market is like, it’s always important that you make sure you’re financially prepared to buy a house. This means a lot more than being able to make a mortgage payment each month. You’ll want to make sure you have the money put aside for closing costs, moving costs, potential repair costs and so much more. You’ll also want to make sure you have a high enough credit score to take out a mortgage.

Research Neighborhoods

It’s important to research the places you’re considering moving to. You don’t want to buy a house and then find out months later that you hate the area. If you have kids, research the local school system. You may want to look at crime rates, or what the weather tends to be like in the area so you can avoid potential flood zones. These things are important to make sure you’re happy with your home in the long run.

Find The Right Real Estate Agent

Finding an experienced real estate agent who cares more about making their clients happy than they do making a sale is integral to finding the perfect home. Research local realtor reviews, or ask friends and loved ones for recommendations. The agent you work with can make or break the entire homebuying process.

Tips for Investing in Residential Real Estate

By W Darrow Fiedler

On March 16, 2022

In Finance, Investing, Real Estate

When investing in residential real estate, there is a multitude of factors to take into consideration. Instead of being overwhelmed, focus on three top factors, and your residential real estate investment will be off to the right start! Avvo.com defines the types of residential real estate as condominiums (privately owned units within larger buildings), townhomes (usually larger than condos but still share walls with one or two other buildings), cooperatives (units within one building where everyone living in the building owns the building together) and single-family houses (usually built on a single lot without having to share space with other dwellings.)

Location Matters – The Huffington Post suggests that when investing in residential real estate, you look for the worst house on the best street. That’s a principle you’ll come across quite a bit as you research residential real estate. “Look for proximity to major roads, public transportation, and most importantly, schools,” says Abhi Golhar, host of Real Estate Deal Talk in Atlanta.

Follow the 1% rule – The 1% rule means looking for a return greater than 1 percent per month of the sales price. An old maxim of real estate says that a rental property yielding 1 percent of the sales price per month is a good deal. In other words, if the home costs $100,000, you should get $1,000 per month in rent, or about a 12 percent annual yield.

Choose tenants wisely – Being a landlord is stressful. Landlordology.com urges that a landlord’s number one priority is to make rent the priority. This is your source of revenue. The site also suggests collecting your rent online or through a mobile source. “There is no reason for you to be collecting rent by a check in the mail. Not only is it time-consuming to go to your P.O. Box or mailbox, keep up with all the checks, and then deposit the checks, but it’s riskier. The check can bounce, and then you’ll need to pay a non-sufficient funds fee and then contact your tenant for the rent and the NSF fee. When you collect rent online, this whole process is negated, and the process is dead simple.” When choosing a tenant, choose wisely by checking their credit score, rental history, and references. Although time-consuming, it will be well worth it.

Choosing to invest in residential real estate is no small decision. However, if you follow the above tips, you will set yourself up for success and before you know it, your rental properties will become passive income.