Interior Designers Predict the Next Big Renovation Trends

 
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Sourdough starters, puzzles, virtual workouts—2020 has seen our home life drastically change, and every inch of our houses and apartments is being tested to the limit.

Without restaurants to go to or vacations to take, disposable incomes have shifted to cast-iron pots, yoga mats…and renovations. In many ways 2020 has also been the year of installing second dishwashers and soundproofing Zoom offices. Domino compiled a list of the top trends we may see in 2021. Check them out below!

So what does this mean for layouts, materials, and dominating colors in 2021? We asked 12 interior designers, renovating pros, and architects for their predictions.

Joy in Separation

If 2020 was the year we realized that open-concept living isn’t what it’s cracked up to be, 2021 is when we really start to remedy the situation. “Quarantine has shown us that being open to everything and everyone in our home is not necessarily a positive, especially when people are working from home,” says Clara Jung of Banner Day Interiors. She isn’t the only one expressing that sentiment. Serial renovators Emily Henderson and Anita Yokota believe that adding walls is the way to go in the future. “I think we’ll see people moving away from the traditional great room,” says Yokota.

Move Away, Marble

Marble may be all the rage as far as countertops go, but interior designer Breegan Jane is betting on manufactured stone as the next big thing. “Porcelain isn’t really being used in kitchen spaces anymore, and we’ve moved away from incorporating real stone because of upkeep costs,” she explains. Jordan Slocum and Barry Bordelon, aka the Brownstone Boys, are excited about using terrazzo and tadelakt, a waterproof cement-like finish popular in Southwestern-style kitchens. You can also expect thicker mitered countertop edges to be the norm, especially on vanities. “It’s an easy way to elevate a bathroom with minimal effort,” says Jung. For floors, Henderson is turning to checkered motifs.

Self-Care Will Come First

We’ve all been through a lot this year, and the need for comfort is showing in our decorating (and renovating) choices. As a result, industrial-style, mirrored furniture and bulky farmhouse elements like barn doors are falling out of favor while Scandinavian hygge and warm minimalism (think: wood, stone, organic textures) are here to stay. Wijaya, who embraces simple and uncluttered spaces, is also placing her bets on more wellness-focused reading nooks and sunrooms. “I think we’ll be seeing more parents-only zones that soothe, ease stress, and enliven,” says Leann Conquer of design firm Chroma. “A getaway in your home for playing games, listening to records, reading a favorite novel, and escaping.”

Color Us Bright

Paint is another area where cooler tones like grays and blues are being replaced with cozier shades. “It will be natural for us to gravitate, psychologically, to earthy palettes,” says Yokota, whose top pick for 2021 is Sherwin-Williams’s Urbane Bronze. Henderson, meanwhile, is drawn to browns and rich tans, and Caron is gravitating toward rusts, yellows, buttercreams, and Key lime greens. “I’m completely fixated on Farrow & Ball’s India Yellow right now and dreaming up bathrooms and laundry rooms to use those deep, rich yellows ASAP,” she says. Different applications, like textured walls, a contrasting trim color, bold checkered floors (Henderson’s trend of choice), or a tuxedo kitchen (one with both light and dark cabinets)—Jane’s trend pick—make it easier to take a bigger color risk.

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Clare’s New Hue Is a Dose of Serotonin in a (Paint) Can

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And that’s something we could all use right now

If there’s anything we’ve learned from Pantone’s Colors of the Year, announced in December, it’s that we would be seeing a lot more yellow in 2021. This isn’t necessarily a bad thing, given the bright and cheerful properties of the shade. But when it comes to wall color, yellow can be, well, a lot. Good As GoldClare’s newest shade, launched yesterday (along with a pleasing pink called Meet Cute), taking all the happiness-inducing benefits of yellow but refining it a bit with a decidedly more mustard twist. 

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According to Clare founder Nicole Gibbons, the lean toward lemon began soon after the pandemic took hold. “We saw shades of yellow spike pretty drastically post-COVID in 2020—nearly a 90% increase,” says Nicole. “To me, that indicates people are looking for cheerier hues to uplift their space and boost their mood. This more mellow shade of yellow is one we’ve seen trending across the home category." 

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Described as “slightly sunny, yet perfectly subdued,” it’s everything we’ve come to expect of the direct-to-consumer paint brand that offers only the most carefully considered color palette. Clare’s current yellow hues are a pastel gold and complex marigold—nothing of the neon variety from this Greenguard Gold Certified and VOC-free brand.

Good As Gold’s richness would lend itself to anyone looking to impress and/or uplift. “Given that it’s a more subdued and approachable shade of yellow, this is a color that truly works in any room, but I think it would look exceptionally stunning in statement-making dining room, a vibrant bedroom, or even as an accent wall in a main living area,” says Nicole. 

So while we don’t expect a slowdown in sunshine shades anytime soon, we’re fully on board if they’re in line with Clare’s elegant ethos. 


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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As Featured in the West + Main Home Magazine: Primary Suite Make Over

 
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We bought our home because we dreamed of making over each space and our bedroom was a huge priority to make cozy.

When quarantine began, it felt like the perfect time to move out of our room for a few weeks and start the reno. We chose neutrals tones, clean lines, and crisp white walls in the bedroom and bathroom to improve
the natural light in the morning streaming from across the house. Adding the barn door to the bathroom created more space in the bathroom and adding height plus texture to our room (we never close that door). Our favorite is the shower door and we get asked constantly about it! We love space that inspires us!

 
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BEFORE

 
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Materials

Bathroom Total = $1490

Engineered Hardwood Floors ~$750 - Lowes + Amazon

Grid Accent Wall - $80 - MDF Board from Lowes

Paint - $75 Benjamin Moore

Popcorn scrape and texture - $40 - Home Depot 

Wall Sconce $120 - Amazon

Bed Frame + NIGHTSTANDS - Facebook Marketplace 

Mirror - $80 - TJ Maxx 

Rug $120 - Wayfair

Curtains $40 - TJ Maxx

BEDROOM Total = $1490

Engineered Hardwood Floors ~$750 - Lowes + Amazon

Grid Accent Wall - $80 - MDF Board from Lowes

Paint - $75 Benjamin Moore

Popcorn scrape and texture - $40 - Home Depot 

Wall Sconce $120 - Amazon

Bed Frame + NIGHTSTANDS - Facebook Marketplace 

Mirror - $80 - TJ Maxx 

Rug $120 - Wayfair

Curtains $40 - TJ Maxx

 
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AFTER

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“The grid wall in our bedroom has the illusion that the ceiling is much taller than it is and makes the room feel more spacious.”’

- Jessica MacMallan

For more remodel inspiration, visit the first edition of the West + Main Home Magazine.

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Mistakes to Avoid When Buying A House Sight Unseen

 
 

With a market as hot as ours is right now, it’s not uncommon to but a house without ever seeing it.

Buying a home sight unseen might seem like a massive gamble: plunking down hundreds of thousands (maybe millions) of dollars on a property you've never set foot in, your fingers crossed it looks just like the photos and doesn't have major issues! So how lucky do you feel, anyway?

But during the pandemic—when stay-at-home restrictions made touring a property difficult and folks were eager to get out of densely populated cities—greater numbers of buyers than ever before were more game to buy sight unseen.

How have buyers successfully bought a home sight unseen? Sure, the process comes with risks and challenges, but, if done right, it's possible to land a property that checks all your boxes. Just be sure to avoid the following mistakes.

1. Not asking the right questions

Zach Combs at Northrop Realty in Maryland says asking questions is the No. 1 tool in purchasing a home. The simple equation: the more you ask, the more comfortable you will be when it comes time to sign the paperwork—so let the queries fly.

“I ultimately compiled a list of everything I thought of regarding my day-to-day and work-life needs, goals, and expectations," says Haiar. “This was about eight months of questions and answers to gain a full understanding of the homeowners association, rules, policies, buying process, and more.”

Combs says you can never ask your real estate agent or potential new HOA too many questions, so jot down each and every one.

2. Not hiring the best local agent for the job

A local real estate agent can serve as your eyes and ears when buying a home sight unseen.

Vet agents by looking at personal testimonies, and don't be afraid to ask them for a list of references. You can use a real estate site (such as this one!) to uncover more info about how long the agents have been at the job, their sales volume, the areas they specialize in, and client reviews.

3. Not fully using all technology

FaceTime tours, Google Street View, and online property listings are all useful tools you need to take advantage of when buying a house sight unseen.

“Use every bit of technology available for the listings you are interested in," says Combs. "Not all listing agents or sellers pay for a 3D tour, but if they have one, use it to understand the flow of the house."

He says at the very least, buyers should always video-chat with their agent to see the house and get a feel of the space.

4. Not demanding a floor plan

While a floor plan may not always be available, it is an important detail buyers should not overlook.

“If you have an open space in your current dwelling, either outside or inside, where you can tape off the actual room sizes, then you can make a mock layout with your furniture. This will help you truly understand if the space really can work for you and your family,” says Combs. 

If a floor plan is unavailable, ask if your agent can measure the rooms and give a crude layout of the space. If an agent can get the measurements, Combs recommends buyers use Floorplanner.com, a free tool that can help you visualize your potential new home.

Understanding the floor plan was crucial for Haiar. When coordinating furniture delivery, she says, it was important to know the items fit in her space.

5. Not getting an appraisal and a home inspection

Giving a home a good walk-through is important with any home purchase, but buying sight unseen means calling in the experts.

“If you are purchasing the home with a loan, your lender will require an appraisal for them to be able to close the loan,” says Combs. “If you're buying with cash, then it would be up to you."

But regardless of how you're financing the purchase, Combs says buyers should get a home inspection when buying sight unseen, “so you know exactly how much work the house needs and if you are comfortable handling those repairs.”

It’s also important to have an insurance broker review insurance requirements and your HOA policy and coverage (if applicable).

Read more on Realtor.com.

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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Second Home vs. Investment Property: What's the Difference?

 
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You hear these terms thrown around all the time: Second home, investment property, vacation home, rental property.

But is there any real difference among them? And does it even matter what you call it?

As it turns out, there are some very big differences between second homes and investment properties, especially if you are financing it.

“Both are fantastic ways to build wealth over time by capturing the appreciation of a real asset,” says Tony Julianelle, CEO of Atlas Real Estate in Denver. However, “both come with inherent risks and expenses that should be carefully considered when making a purchase.”

As with any real estate transaction, you'll want to do your homework and make a smart choice for your wallet, no matter which path you go down. We chatted with experts to get the scoop.

What is a second home?

A second home is just that: a second property where you and your family spend time, away from your primary home. You might also hear a second home referred to as a vacation property. You may rent it out for a few days each year on Airbnb or VRBO, but you primarily use it yourself.

Buying a second home makes financial sense if there's one particular vacation spot you visit regularly. Why spend a fortune on hotels or Airbnb when you can own your own piece of paradise that will hopefully appreciate in value over time?

“Let's say you live in San Francisco, but you are an avid skier in the winter and like to hike in the summer,” says Rachel Olsen, a real estate agent in California. “If you spend many weekends and vacations in Lake Tahoe, it may make sense to purchase a second home there.”

What is an investment property?

An investment property, on the other hand, is one that you purchase with the explicit intention of generating income. The investment property could be right next door to your own home, or it could be in another state—it doesn’t really matter. You’ll be playing the role of landlord, with long-term or short-term renters paying cash to stay in the home.

“Never forget that an investment property is all about the Benjamins,” says Lamar Brabham, CEO and founder of financial services firm Noel Taylor Agency. “The entire point is to turn a profit. No emotions, no affection.”

Before making an offer on an investment property, you’ll want to crunch the numbers to make sure it’s a solid investment. Similarly, consider what factors will be important to prospective tenants (e.g., access to public transportation, good schools, parking, and low crime rates).

How to finance a second home or investment property

If you’re paying cash, you can skip this section. But if you need a mortgage for your new property, you should know that financing a second home or investment property is very different from financing a primary residence. And, while mortgages on second homes and investment properties have some similarities, there are also some key differences.

  • Interest rate: You can expect to see a higher interest rate for both second homes or investment properties than for primary homes. Why? Because lenders view those transactions as riskier. If you get into a tight spot with money, you’re far more likely to stop paying the mortgage for your second/investment property than for your primary home.

  • Qualifying: Whether you're buying a second home or an investment property, you might need to do some extra legwork in order to qualify for that second loan. Your bank may require you to prove that you have healthy cash reserves (so it knows you can afford both mortgages). It'll take a long, hard look at your overall financial situation, so be sure everything is on the up and up before you apply.

  • Down payment: Depending on your situation and the lender, you might also need to bring a larger down payment to the table for an investment property or second home, typically 15% to 25%. Again, this is because the bank wants a bigger cushion to fall back on in case you default.

  • Rental income: If you’re buying an investment property, your lender might allow you to show that anticipated rental income will help cover the mortgage payments. However, proving how much rental income the home will generate can be complicated. Prepare to pay for a specialized appraisal that takes into account comparable rents in your area.

  • Location: Your lender may require a second home to be 50 to 100 miles away from your primary home. An investment property, however, can be anywhere in comparison to your primary home, even next door.

  • Taxes: Federal income tax rules are different for vacation homes and investment properties. Generally, you'll treat your second home just as you would your first home when it comes to taxes—if you itemize, you can deduct the mortgage interest you paid up to a certain limit. (The rules vary if you rent out your second home for part of the year.) If you own an investment property, you get to deduct the mortgage interest, plus many of the expenses that come with operating a rental business, but you also have to report your rental income, too.

Why it's important to not confuse the two

It’s important that you’re totally clear about the difference and not use the terms "second home" and "investment property" interchangeably. Some people try to pass off their investment property as a second home to get more favorable financing, but you should never do this.

If you lie on your loan application, you could be committing mortgage fraud, which is a federal offense.

Your lender’s underwriting team is aware of this possibility, so don’t try to pull the wool over their eyes. They’ll take the big picture into account when deciding what loan terms to offer you, says real estate attorney David Reischer.

“A single-family residence by a lake that is located in a completely different state from the borrower's primary residence is much more acceptable to be categorized as a second home by a bank underwriter,” he says. “A multifamily-unit property with rental income in an urban area is likely to be treated as an investment property.”

Read more on Realtor.com.

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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