The 4 Most Popular Trends in Hardwood Flooring Right Now

 
 

For the hardwood fans out there, there’s nothing more thrilling than a gorgeous original hardwood floor in a century-old townhouse, or, say, ripping up 50-year old tile to reveal pristine wood planks below. 

Yet for years, hardwood played second fiddle to wall-to-wall carpet. Then came the luxury vinyl plank trends. Despite all its competitors, hardwood floors are still a classic — and many homebuyers agree. Marie Bromberg, a real estate agent with Compass in New York City, sets the stage: “I cannot overstate how important flooring is to a home. It is probably the single most important factor in giving a home its ‘vibes.’”

Though synthetic and engineered options have become popular recently, Leda Broxson, a Realtor with Spears Group at Compass in Santa Rosa Beach, Florida, notes that hardwood has been used since the 1600s — and it’s not going anywhere anytime soon. Trends change, stains wax and wane, but hardwood retains its value and its beauty.

Oak floors continue their dominance.

Oak, bamboo, and maple continue to be the most popular hardwood options, with walnut and its striking grain making an occasional appearance. 

But there’s one runaway favorite: Oak overtakes 60 percent of the hardwood market. It takes a stain easily, it lasts for years, and it has the classic hardwood look that many buyers look for.

Wide plank floors are making a comeback.

Wide plank is on the rise again, and Broxson notes that recent trends include red and white oak wide plank floors. She says we’ll see more light and almost bleached tones and dark espresso colors coming back, as well.

Bromberg notes that these wide plank oak floors add an extra dose of flair. Think of every home renovation show where you’ve watched a DIYer excitedly rip up 1950s carpet to reveal original wide plank floors. Now imagine that you just bought those brand-new. It’s a splurge, but it’s one that will last. “Not only does wide plank oak impart all the warmth we want from wood, it’s also incredibly durable and will last through the generations with just minimal maintenance efforts,” adds Bromberg.

Lived-in flooring is having a moment.

“I have noticed a trend, which I fully support, which is to have not just ‘raw’ flooring, but flooring reflective of how we live,” Bromberg says. “No longer are people struggling to maintain the picture perfect, scratch-free floor.” 

She sees buyers and sellers embracing imperfection, including scratches, paint, and blotchiness on the floor. Bromberg notes that it makes it less stressful when you don’t feel like you’re in a museum and instead feel like you have permission to live in your home. 
Plus, she adds, “A well-used floor has a certain character and gravitas that a newly-placed floor doesn’t. I think people want a home that has a story to tell and not one that is striving to be as blemish-free as possible.”

Buyers look for durable choices.

Though surprising to some, bamboo is one of the most durable flooring choices. “Comparing bamboo to oak flooring, bamboo is actually harder, more eco-friendly, and in most cases more affordable,” says Broxson, which makes it a smart choice if you’re looking to retain value in your home or stay there for years to come.

Bromberg explains that bamboo is popular with green buildings since it is affordable and regrows quickly, making it a sustainable option. And this quick regrowth has one other big advantage — “I know several homeowners who tired of waiting for their lumber during the Covid crisis and opted for bamboo instead just to ‘get the job done,’” says Bromberg.

Is anything on its way out?

For those who can’t stand to see a gray tone floor, I have good news. Broxson says, “Flooring color trends that are going out or have been out of style for awhile are orange and honey tones and gray.”

Get more like this on Apartment Therapy.

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Builders are feeling cautiously optimistic thanks to lower mortgage rates

 
 

Builder sentiment rose for the second consecutive month in February

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

In February, builder confidence in the market for newly built single-family homes rose seven points from January’s reading, to an index value of 42. This is the second consecutive month of gains after a year of decreases, and it is the index’s strongest reading since September 2022.

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. Scores for each component of the builder confidence survey are then used to calculate an index, with any number greater than 50 indicating that more homebuilders view conditions as favorable than not.

The NAHB attributes the increase to the slight easing of mortgage rates, which the trade organization feels is a signal that the housings market might be turning, despite builders still dealing with high construction costs and supply chain issues.

“With the largest monthly increase for builder sentiment since June 2013, the HMI indicates that incremental gains for housing affordability have the ability to price-in buyers to the market,” Alicia Huey, an NAHB chairman, said in a statement. “The nation continues to face a sizeable housing shortage that can only be closed by building more affordable, attainable housing. However, the two monthly gains for the HMI at the start of 2023 match the cautious optimism noted by the large number of builders at the recent International Builders’ Show in Las Vegas, who reported a better start to the year than expected last fall.”

According to Huey, the most challenging part of the homebuilding market is the construction of entry-level homes, and he called on policymakers to “help by reducing the cost of developing lots and building homes via regulatory reform.”

Builders are continuing to offer a variety of incentives. However, data shows that things may be stabilizing. In November, 36% of builders were reducing home prices, but the percentage of builders who are dropping home prices declined to 31% in February. In addition, the average price drop decreased from 8% in December to 6% in February.

“While the HMI remains below the breakeven level of 50, the increase from 31 to 42 from December to February is a positive sign for the market,” Robert Dietz, the NAHB’s chief economist, said in a statement. “Even as the Federal Reserve continues to tighten monetary policy conditions, forecasts indicate that the housing market has passed peak mortgage rates for this cycle. And while we expect ongoing volatility for mortgage rates and housing costs, the building market should be able to achieve stability in the coming months, followed by a rebound back to trend home construction levels later in 2023 and the beginning of 2024.”

Three other indices monitored by the NAHB also posted gains in February. The gauge measuring current sales conditions rose to 46, up six points month over month. The component analyzing sales expectations for the next six months rose 11 points to a reading of 48, and the index that charts traffic of prospective buyers rose six points from January to a reading of 29.

Regionally, the three-month moving averages for HMI rose in all four regions, with the West gaining three points to a reading of 30, the South rising four points to 40, the Northeast adding four points for a reading of 37 and the Midwest rising one point to a reading of 33.

Another survey, the BTIG/HomeSphere State of the Industry Report, also reported a leveling in homebuilder outlook.

According to the survey, 54% of builders saw a yearly decrease in sales last month, down from 71% in December. Despite a 41% yearly decrease in sales, builders again reported a slight improvement in performance relative to expectations, with 21% of respondents reporting that sales were better than expected, and 38% reporting that sales were worse than expected. These metrics improved from 11% and 35%, respectively, in December.

The BTIG/HomeSphere study is an electronic survey of approximately 50-100 small- to mid-sized homebuilders that sell, on average, 50-100 homes per year throughout the nation. In January, the survey had 107 respondents.

The January survey included a special question about the impact of mortgage rates, with 80% of builders reporting that lower rates have positively impacted business.

“Conditions continue to be sluggish overall, but we believe the environment is improving heading into the Spring selling season,” BTIG analyst Carl Reichardt said in a statement.

Keep reading on Housing Wire.

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Just Listed: Welcome to your slice of the Colorado Lifestyle!

 
 
 

Welcome to your slice of the Colorado Lifestyle!

The pride of homeownership shines throughout this four bedroom, four bathroom, two story home in the Mountain Valley Preserve community of Colorado Springs. Upon entering, you will be taken aback with the open floor plan, tall ceilings and huge windows that bring in a ton of light to the main level. The cozy living room leads directly into the kitchen that includes Whirlpool stainless steel appliances and a walk in pantry. Enjoy the ease of having the washer and dryer on the main level for those quick loads after a long day and close proximity to your three car garage. As you make your way to the upstairs, notice the freshly shampooed carpet to make the move in process that much easier to relax and unwind in the primary bedroom which has an attached bathroom with two separate sinks, a walk-in shower and a oversized bathtub to give yourself a spa-like retreat from the comfort of your home. The additional two upstairs bedrooms provide ample space to enjoy work or hobbies from home and you'll be delighted to have the added bonus of having an additional full bathroom nearby. Your friends are going to LOVE hanging out here... whether you're hosting a BBQ on the backyard patio or having the gang over for game night, you'll want to start the party in the newly updated walkout basement with handcrafted cocktails curated by yourself in the bar area, which has upgraded LVP flooring, play a game of pool and reap the benefits of having an additional bedroom and a full bathroom in the basement for guests to feel a sense of separation when visiting. This home is an entertainer's dream! It's not often you find such a well-kept backyard where you can enjoy the open space and ease of not having a neighbor directly behind you. This home is conveniently located near Peterson Air Force Base, Schriever, Fort Carson, and all the restaurants/shopping in the Powers Corridor. Come take a look, you will LOVE this home!

Listed by Lauren Kress for West + Main Homes. Please contact Lauren for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
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Presented by:
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720-432-3044
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Buying a House Remodeled Without a Permit? Here’s What You’re on the Hook For

 
 

Imagine attending an open house and stepping into a newly remodeled main bathroom complete with brand-new Carrara marble tiling and a luxurious free-standing tub.

Home improvements like this are enough to make potential home buyers fall in love, and it may even motivate you to make an offer on the spot.

But what may seem like a dream perk at an open house can turn into an expensive nightmare if there’s no permit paper trail and the home improvements were done without the proper authorizations. Why? Because, depending on where you are in the buying process, unpermitted work could leave you (yes, you) on the hook for way more than you bargained for.

Want to save yourself from this predicament? Read on for everything you need to know about buying a home with work done without a permit.

How do you know if work was done without a permit?

“All sellers have to give buyers something called a property disclosure,” says Andrew Hillman, a broker at Hillman Real Estate, in Boston. “This will list information about what the current owners have done to the property during ownership, including work done without a permit.”

As an extra precaution, you can also cross-check with your local building department to see if the owners pulled permits. Many municipalities, such as New York City, have the status of permits online. Otherwise, you can call or visit the local buildings department for information. Remember, building codes and permit requirements vary with every city and town.

What is your responsibility as the home buyer?

The last thing you want to do as a home buyer is get your own hands dirty with sourcing permits or paying fees. But your responsibility in the matter all depends on where you are in the closing process. If you haven’t signed the purchase agreement yet, the seller can be held accountable for obtaining and closing out permits. But that’s easier said than done. It could take weeks or even months to close out permits.

Your best bet is to put language in the contract before signing stating that the seller has to take care of pulling a permit and having the local building inspector sign off on a certificate of occupancy before closing.

“Your attorney can draft the amendment to the contract for you,” says Beth Jaworski of Shorewest Realtors, in Wauwatosa, WI.

But once the contract is signed, the buyer assumes all responsibility for work done without permits.

“Buying a home without performing due diligence is as irresponsible as the homeowner who doesn’t pull permits,” says Hillman.

Still, all hope is not lost if your contract is already signed. There may be contingencies that can halt the transaction and give you some leverage.

How your appraiser and home inspector can help

One of the main contingencies all contracts have is the inspection period. A professional home inspection can identify unpermitted construction, work not completed to code, and other potential surprises before you commit to buy the property.

“The inspector can also check with the local permitting department to see what permits have been obtained,” says Brad English, a real estate professional with First Team Real Estate, in San Clemente, CA.

Your appraiser will help. “When I do a walk-through of a dwelling, I ask about the legality of a deck, living space, or an extra bathroom not found on the property record card,” says Ginna Currie, a New York state general appraiser at C.T. Appraisals.

Depending on the language in your contract, you have the right to terminate the transaction if you are not satisfied with the results of your home inspection or appraisal.

What’s the worst that can happen?

The worst-case scenario: Your city can “fine you for having unpermitted work, force you to remove the improvements, and you’ll have to start the process over to have the work done legally,” says Currie.

Keep in mind pulling a permit can cost hundreds of dollars. And having the work brought to code by a contractor will be an additional expense. But if you don’t pull permits during this transaction, the issue can arise again if you choose to sell your home later on.

“If the unpermitted work isn’t allowed at all, the city inspectors can make the homeowner tear down or remove the renovation or addition,” says Hillman. And if the inspectors don’t make the homeowner tear something out, you can at least expect a tax assessment for any improvements.

Keep reading.

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The 6 Most Futuristic Cities Being Built Around the World

 
 

Proposed across continents, these cities show what our world could look like in 50 years

Perhaps nothing is more humanistic than the pursuit of futuristic cities. We write about them in utopian—and dystopian—novels, offer glimpses of what they’d look like in movies and TV shows, and now, it seems, we build them too. Though designing for the future could be understood as the most basic requirement for architects and urban planners, in recent years, this goal has been taken to a new level. It seems every few months, firms unveil plans for wholly reimagined metropolitan areas: from floating cities to those in outer space, the offerings are relentless. In these new cities, sustainable infrastructure and smart technology is often a given, and in some cases, the plans even include things that haven’t even been invented (or brought to market) yet—like flying cars or extremely high-speed autonomous transit. Still, it never hurts to dream big, right? With that in mind, AD rounded up six of the most interesting proposals for futuristic cities, some of which are already under construction. Which one are you moving to?

Smart Forest City, Mexico

Stefano Boeri, an Italian architect, unveiled plans for a smart city near Cancún, named Smart Forest City, in 2019. The proposed metropolis would contain 7.5 million plants and is based on the area’s Mayan heritage and the culture’s relationship with the natural world. “Thanks to the new public parks and private gardens, thanks to the green roofs and to the green facades, the areas actually occupied will be given back by nature through a perfect balance between the amount of green areas and building footprint,” the firm told Dezeen. Collecting data is an important aspect of the proposed project, but Boeri assures this will be of benefit to residents, as it would be used to enhance governance.

Telosa, USA

Conceived by billionaire Marc Lore, Telosa’s goal is to “create a new city in America that sets a global standard for urban living, expands human potential, and becomes a blueprint for future generations.” Though it’s exact location has yet to determined, the city will prioritize pedestrians and bikers with a few “slow-moving autonomous vehicle.” Imagined as sustainable city and designed by Bjarke Ingels Group, renewable resources will power the urban area; green spaces will be protected and prioritized; and water will be stored, cleaned, and reused on site. Aside from environmental initiatives, the city will be built around the idea of equitism, “an economic system in which citizens have a stake in the city’s land.” The project is currently targeting a population of 5 million by 2050.

The Line, Saudi Arabia

Building futuristic cities is no cheap feat. Case in point: To build The Line, Saudi Arabia’s 100-mile long linear city, the country is planning to invest between $100–$200 billion. Clad in a mirrored facade, the city plans to eliminate the need for cars—and carbon emissions—by implementing high-speed autonomous transit. According to Gizmodo, construction has already begun on the city, which is expected to be completed by 2030.

Oceanix Busan, South Korea

Though floating-city proposals are increasingly common these days, Oceanix Busan may be the first one to actually reach completion. Oceanix hired Bjarke Ingels Group and SAMOO to design the city, and Busan soon signed on to help build the first prototype, which was delivered to the UN in April of 2022. Built from biorock, a self-sustaining and self-repairing material, the city will hopefully serve as a model for other coastal communities battling rising sea levels and other climate-change-induced difficulties.

Chengdu Sky Valley, China

Designed by firm MVRDV, Chengdu Sky Valley was conceived as a an entry for the Future Science and Technology City competition, though the project isn’t moving forward at this time. The metropolis is designed to preserve and enhance the site’s traditional Linpan settlements, which are rural communities in the area’s valleys. For this reason, new buildings are clustered on hills and designed to accentuate the valley skyline. By preserving the agricultural landscape of the area, residents are offered “a wider choice of lifestyles, including opportunities for self-building and developing self-sufficient lifestyles in harmony with nature.”

Amaravati, India

Though this masterplan for Amaravati conceived by Foster+Partners is no longer happening, it does offer great insight into what a futuristic city could look like. In the the plan, a government complex would anchor the city, and a large central green space would span the city’s center—inspired by Lutyens’ Delhi and New York’s Central Park. The firm also envisioned an aggressive environmental strategy, in which “at least 60% of the area is occupied by greenery or water.” According to Foster+Partners, the metropolis would’ve been among the most sustainable in the world and would make use of various new and emerging technologies including photovoltaics, electric vehicles, water taxis, and dedicated cycle routes.

Learn more on Architectural Digest.

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