This Pandemic Home Trend Couldn’t Survive 2021

 
 

In the early days of the pandemic, everyone wanted a home with a pool. (Within months of March 2020, pool manufacturers reported seeing orders surge by as much as 200 percent.)

Come on, what better way to ride out quarantine than with a blue water escape right in your own backyard? But, according to Thumbtack’s end of year bi-annual report, this trend took a serious dive by the end of 2021.

According to their findings, above-ground swimming pool installations are down 92 percent and in-ground swimming pool installations are also down 32 percent over the last three months of the year (and down overall compared to 2020). Thumbtack also reported a spike in swimming pool removals—up 59 percent compared to the previous year.

So, what gives? And what are homeowners coveting instead?

David Steckel, home expert for Thumbtack, says that the dip in pool popularity could come down to decisions about how people envision their backyard space. For example, homeowners who were once really jonesing to add a pool—or who bought a home with one already installed—may have concluded that it’s not worth the backyard square footage required to fit one in. “This new work, live and play from home world we’re living in means that usable square footage is gold,” Steckel says. And since the average size of an inground pool is 400 square feet, plus a three to four-foot walkway around the perimeter and a fence, he adds that that’s a lot of real estate that families could otherwise devote to trampolines, entertaining and other outdoor activities in their backyard.

In addition, people living in a cooler climates might find the costs associated with a pool to be high, considering there are only a few months out of the year in which it’s useable. Per Steckel, it’s approximately $80 to $200 per month for weekly pool cleaning services, $150 to $1,200 annually for repairs and $75 to $350 per year for inspections. And let’s not forget the rising costs of chlorine, which is now estimated to set you back about $300 to $800 per year.

Steckel also points to a generational gap. Of the seven million homes sold in 2021, more than half went to millennial buyers. And since millennials typically have younger families and might consider pools a danger, that could be another reason for the trend reversal.

So, what’s a good alternative if pools are no longer on your wish list? Hot tubs and spas are currently trending (up 44 percent over the last three months, per Thumbtack’s data) mainly because you can use them in colder climates and year-round. They’re also far more cost effective than a pool and require significantly less maintenance, typically about $75 a month, according to Steckel.

Still, as with all things home-related, he says that trends like this tend to be cyclical. “In some real estate cycles, having a pool negatively affects resale value whereas in others, pools seem to reduce the time a home is on the market.”

In the meantime, we’ll be Googling hot tub ideas…

Read more on PureWow.

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6 Homebuying and Mortgage Tips for Retirees

 
 

Sure, your grandma and grandpa may have stayed put once they left the workforce, but you likely have other plans. Now more than ever, it seems retirees are on the move—and buying new homes.

About 18% of homebuyers were younger baby boomers (aged 56 to 65) in 2021. And older boomers (aged 66 to 74) scooped up an additional 14% of the market during the same period, according to a recent report from the National Association of Realtors®.

Buying a new home is a logistical and financial challenge no matter your age (or how many times you’ve done it). But our mortgage and lending system can be especially challenging for retirees to navigate, simply because lenders prioritize income.

To help, we reached out to real estate professionals for tips on how retirees can find their golden years dream home, land a great mortgage, and still have plenty left in the bank for whatever surprises life delivers.

1. Think local

For the most part, retirees who are relocating aren’t looking to move across town but to an entirely different area (usually one with better weather). With that in mind, always work with a real estate professional in your new home state.

“There are a lot of different rules and costs state by state,” says Rachel Lester, an agent with Keller Williams Main Line Realty in Villanova, PA. “And the lending and real estate laws can really differ. You need to make sure the person you’re working with is aware of local transfer taxes and closing costs.”

Also, prioritize working with a local lender, especially in states with rigid contract dates. You also want to make sure your lender is available by phone seven days a week. So beware of lenders you find on the internet, who may offer only 1-800 numbers and limited office hours.

2. Watch your debt-to-income ratio

When you retire, your lack of income may scare some lenders. But if you’re on top of your debt-to-income ratio, you’ll look a lot more financially stable.

“To qualify, your debt-to-income ratio should be lower than 36%,” says Warner Quiroga, president and owner of Prestige Home Buyers in Brentwood, NY. “Debt-to-income is calculated by looking at current expenses, such as car payments, credit cards, student loans, and housing expenses, versus what money you have coming in.”

3. Get creative with your mortgage

Landing a fantastic 30-year mortgage with a low interest rate isn’t so easy when you’ve left the job market and no longer have a steady income.

“But don’t let anyone tell you it is too late in life to buy a home,” says John W. Mallett, founder and president of MainStreet Mortgage, in Thousand Oaks, CA.

Instead, find a professional fluent in many types of mortgages.

“You should consider asset depletion, which entails using savings as income,” says Mallett. “You could also use qualified savings as income, such as an IRA or 401(k).”

Another option is a reverse mortgage, which got a bad rap for many years but can actually be a useful tool for retirees.

“Reverse mortgages require a larger down payment than conventional loans,” says Mallett. “However, you have the option to make no payments, interest-only payments, fully amortized payments, or anything in between. So while reverse mortgages can be complex, you will know if it’s right for you once you understand how they are structured.”

4. Reconsider risk calculations

If you’ve made it to retirement, your likely used to taking risks and thinking long term, especially when it comes to investments. But Todd Huettner, president of Huettner Capital, a mortgage lender in Denver, urges you to adjust just how much risk you’re willing to take when it comes to buying a new home.

“A person’s financial risk jumps to the highest point after retirement and remains very high for another decade,” notes Huettner. “Without the ability to replenish losses with income, any low returns on investments or unplanned withdrawals from a retirement account will severely reduce the amount of money you can safely withdraw in the future.”

With that in mind, Huettner advises pursuing a fixed-rate mortgage rather than an adjustable-rate mortgage, so you don’t risk everything you saved for retirement on variables outside your control, such as interest rates.

5. Crunch the numbers

People live well into their 90s today, so it’s easy to see why many retirees gravitate toward the tried-and-true 30-year mortgage. But before settling on a standard loan term, carefully weigh the costs and benefits of each mortgage term.

A 15-year loan usually has a lower interest rate but requires a bigger monthly payment. On the other hand, a 30-year mortgage comes with a higher interest rate but your monthly payments will be lower.

So look at the total amount in your retirement accounts and calculate the interest you’ll make in savings over 15 versus 30 years. And compare the results to the corresponding mortgage rates and payments for the same time period.

“If you’re taking money from an investment that returns 7% when the rate on the 30-year mortgage is 3.5%, then I would strongly consider the 30-year,” says Huettner. “The difference can be tens of thousands of dollars in additional savings.”

6. Reduce housing costs

Just because a lender is willing to give you a large loan, it doesn’t mean you should take it.

So while it may be tempting to buy a bigger, more lavish house, retirees should really look at their potential health care costs, advises Anthony Martin, CEO and founder of Choice Mutual in Reno, NV.

“If you’re relying on a pension, Social Security benefits, and other retirement accounts for your income, then you want to ensure your mortgage isn’t going to be too expensive,” says Martin. “Narrow your monthly housing costs—which should also include property taxes, interest, and insurance—to 20% to 25% of your income.”

You want to avoid digging too deeply into your nest egg or using a large portion of your retirement fund to pay for a mortgage since it may leave you with little money for unexpected expenses.

Learn more on Realtor.com

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As Featured in West + Main Home Magazine: It's What's On the Outside that Counts

 
 

FEATURING STUNNING EXTERIORS FROM SUZAN PRUITT + CAREY SKAINS

Curb appeal is everything...and West + Main agents Carey and Suzan definitely made the most of theirs with these chic exterior makeovers! Whether you DIY or go with a pro, you'll almost certainly receive a huge return on your investment with improvements you make outside...and your neighbors will love you a little more, too.

Carey’s DIY Success

"With the time I had on my hands and a little DIY experience, I decided I would tackle the exterior myself. I quickly researched paints to use for the brick and decided I wanted to go with a clean black and white look."

Carey worked tirelessly for several months to master her exterior to the point she wanted to get it to.

"A month and a half later of using three different types of paint, working a sprayer for the first time along with a brick painting brush amongst other tools, many fearful roof and ladder moments all while completing the job during my 2 year old’s nap time and in the evenings, it was finally done. Every inch of paneling, brick, trim, soffit, facial boards, and gutters were painted."

MATERIALS

TOOLS AND TOTAL PAINT - $400-500 BEHR MARQUEE PAINT
COLOR: JUST BLACK
BRICK COLOR: ROMABIO LIMEWASH PAINT COLOR: BIANCO

Suzan’s Exterior Facelift

"When we moved into this house in October 2019, I knew that one of the things that I had to replace was the vinyl siding on the exterior. This cute little 100 year old bungalow deserved better than ugly vinyl siding!"

Over time, Suzan and her husband pulled off the vinyl siding and went with stucco to revamp the outside of the house.

"We hired the contractor, put the deposit down and the work began a few days later! To say I was nervous is an understatement!"

The nerves paid off!

MATERIALS

CONTRACTOR: STUCCO/PAINTING TRIM/ SHAKER SHINGLES/PAIN FRONT PORCH - $16,500
EXTERIOR LIGHTS - $350

CEILING PAINT - $100
NEW ROCKING CHAIRS - $150

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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6 Ways to Honor Black History Month

February is Black History Month and this year's theme is Black Health and Wellness (Featured in this image from top left: Dr. Charles Drew, Henrietta Lacks, Dr. Rebecca Lee Crumpler, Katherine Johnson, James Baldwin, Madam CJ Walker, Allyson Felix, Nelson Mandela, Laverne Cox, Sidney Poitier)

6 ways to celebrate Black History Month

February is Black History Month, which for many people means revisiting the stories of Black leaders like Martin Luther King, Jr. or Harriet Tubman.

While those stories are important and deserve a place in American schools, there are many more ways kids and adults can engage with Black history and culture, ways that honor both the historic role Black people have played in the country’s past and support Black individuals contributing to society today.

Here are a few meaningful ways to celebrate Black History Month.

Educate yourself

Black History Month is all about education, but few students get beyond the basics in the short 28-day month. Dig deeper by visiting a Black history or civil rights museum, where you can seek out information on lesser known figures or aspects of common history that may not be as well known. Or watch a documentary or pick up a biography on a historical Black figure who doesn’t get as much love in the classroom.

Support modern justice

A number of nonprofit organizations work year-round, not just in February, to combat ongoing forms of racial injustice, from the overt like police brutality to issues with less visibility like redlining or food deserts. Seek out local community groups and agencies tackling these issues in your area, or consider donations to national programs like Black Lives Matter or the NAACP.

Patronize Black businesses

For a literal taste of Black culture, try visiting a Black-owned restaurant, or any other business for that matter, where your dollars can support Black business owners while you receive terrific products and services in return.

Join the community

During Black History Month, many people and organizations put on community events to bring together locals of different backgrounds while celebrating Black arts and culture. Check out social media and look out for events happening in your area. If you’re a Black person who doesn’t see these types of events staged in your area, go ahead and host one yourself. Whether big or small, community events are an opportunity to educate, celebrate, and converse about Black culture in historical and modern society.

Take in works by Black artists

Deep engagement with Black culture doesn’t just happen in the classroom. Read a new book by a Black author. Visit an art museum exhibit highlighting a Black artist. Pick up a classic vinyl album from a Black musician. Even better if you support these arts and artists with money and tangible interest.

Donate to an HBCU

The NAACP lists donating to a Black university among its suggestions for celebrating Black History Month. It makes sense. Nowhere do students engage more with the intellectual and cultural legacies of Black culture in America than at HBCUs. Support this continued education and the next generation of great HBCU graduates.

Visit Audacy for more content like this.


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Colorado winter bucket list: 10 ways to celebrate the season, from recreation to relaxation

 
 

Whether it’s skiing, snowshoeing or sipping a beer in a cozy cabin, winter may be the most Colorado season of them all

There’s a reason visitors travel from across the globe to Colorado in the winter. And if you’re a local, I don’t need to tell you that the state offers some of the best skiing and snowboarding in the country, or that there are only so many months you can put those snowshoes to use.

But recreation is just as alluring this time of year as relaxation because, honestly, there are few better ways to celebrate the season than cozied up under a blanket reading a book or watching a storm cover the landscape in a fresh layer of powder.

Whatever your preference, here are 10 very Colorado activities to cross off your winter bucket list.

Hit the slopes

Colorado winter is synonymous with skiing, whether you’re a seasoned veteran, a newcomer taking a lesson, or just here for the après. For those looking for suggestions on where to shred, vacation rental site Holidu recently unveiled a list of the most — and least — affordable resorts in the country, and found Purgatory Resort and Winter Park Resort to be among the most budget-friendly. (Vail, on the other hand? Not so much.)

nd you don’t have to go downhill to check this item off your bucket list. Conversely, you could go uphill or enjoy a chill, scenic trek on a cross-country track. The latter is much more affordable than its adrenaline-powered counterparts, and Breckenridge Nordic Center is one of our favorite spots to try it. Check out this beginner’s guide to cross-country skiing for tips before you go.

Après like a champ

So you’ve unclipped your boots and unstrapped your helmet. It’s time to reward yourself for a hard-earned day on the mountain with a refreshing beverage. Belly up with our ultimate guide to après-ski breweries and distilleries near ski resorts, including in Steamboat Springs, Summit County, Crested Butte and Telluride.

Soak in a natural hot spring

Few things feel better than a post-mountain soak in a hot tub. Better still: A natural hot spring. Here are five hot springs located near ski resorts to rejuvenate those tired muscles. Non-skiers are welcome, too!

Ride the Winter Park Express

Whether you’re looking to carve the mountains at Winter Park Resort or simply enjoy the snow-capped views, you don’t need to sit in traffic on Interstate 70 to do so. Instead, hop on the Winter Park Express, which runs from Denver Union Station to its namesake mountain town Fridays, Saturdays and Sundays through April 3. Trains leave Denver at 7 a.m. and afternoon rides leave at 4:30 p.m. The trip is about two hours, and one-way fares start at $29.

Hike it out

With locals and tourists gravitating toward the slopes, winter might be one of the most serene times of the year to hike. And there’s plenty of variety in these 10 Front Range trails, whether you’re looking for something snowy and steep, or a sunny casual stroll. Heck, you could even trek to a destination-worthy frozen waterfall.

Strap into a snowshoe adventure

Those seeking to level up on the winter-ness of a hike can opt for one of these trails optimal for snowshoeing, from Rocky Mountain National Park to Golden Gate State Park and beyond. Or choose a remote hut to snowshoe to because — say it with me — the journey is the destination.

Book a scenic cabin getaway

So being outdoorsy isn’t exactly your thing? No problem. Relaxing is an excellent way to spend the winter, especially if you stay in a cozy cabin or chalet. Choose from our top picks for places from Estes Park to Pagosa Springs. Some even boast extra perks like saunas, hot tubs, tubing and snowshoeing, so you can crush two bucket list items in one trip.

Go tubing like a boss

Want the thrill of descending downhill without all the gear to strap into? Colorado is brimming with places to go tubing. Grand County’s Fraser Tubing Hill is one of the pioneers of this pastime, and now many ski areas including Echo Mountain, Aspen Snowmass and Purgatory offer the family-friendly activity as a way to entice new customers or those who don’t ski.

Sled when it snows

If you don’t want to travel to the mountains, sledding hills abound on the Front Range. Here are 10 to slide on a snow day, from Ruby Hill Park in Denver to Chautauqua Meadow in Boulder.

Hit a winter festival

Have you sensed that life in Colorado doesn’t stop just because the temperature drops? Winter festival season revolves around these unique conditions, whether it’s witnessing an annual migration at the High Plains Snow Goose Festival (Feb. 3-6), watching sculptures take shape at the Cripple Creek Ice Festival (Feb. 5-13), or enjoying the “magical and mystical” at Durango’s Snowdown (Jan. 26-30.) 

Get more winter adventure ideas on The Denver Post.

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