“In addition, while survey respondents from every other generation gave their employer a grade of B for LGBTQ+ inclusion efforts, the average grade given by Gen Z participants was less favourable, a C+,” the report read. Ratings indicate intent to stay Among those who rated their workplace experiences poorly, only 38% said they are likely … [Read more…]
DUBLIN, March 13, 2024 /PRNewswire/ — The “United States Home Decor Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The United States Home Decor Market is expected to value around US$ 180.39 Billion by 2030 from US$ 135.98 Billion in 2023, growing at a CAGR of 4.12% during 2024-2030
Trends evolve, embracing sustainable substances and smart technology. Personal touches, inclusive of artwork and sentimental items, infuse warmth and character. Whether current, rustic, or avant-garde, home decor transcends aesthetics, influencing temper and well-being. In the intersection of layout and emotion, it fosters an experience of sanctuary, making each home a canvas of self-expression.
In the United States, home decor has come to be a pervasive cultural phenomenon, driven by a burgeoning interest in interior design and self-expression. Social media systems amplify trends, fostering a dynamic and inclusive community of design fans. The upward thrust of home development shows and committed design influencers has propelled a heightened awareness of decor possibilities.
With an emphasis on less expensive alternatives and DIY tasks, Americans are increasingly engaging personalizing their living spaces. The industry’s boom is evidenced by the proliferation of home decor stores, both physical and online, imparting numerous styles to cater to individual alternatives. As a reflection of lifestyle and identification, home decor in the U.S. stands as a popular method of creative expression and a testimony to the evolving importance of personal space.
A holistic shift in US home decor displays a growing consumer choice for sustainability, incorporating natural materials like timber and stone, and embracing eco-friendly products. The upward push of biophilic design emphasizes the integration of nature into interiors, promoting well-being. Contrary to minimalist tendencies, maximalism gains traction, encouraging bold expressions and individuality.
Compact living spaces power demand for multifunctional furniture and smart home technology integration. The pursuit of personalization fuels interest in hand made objects, DIY projects, and upcycling. Wellness-focused decor consists of soothing elements, even as technology, from smart devices to global inspirations, in addition diversifies and personalizes the house environment in a dynamic and evolving market.
With growing disposable earning, specifically remarkable amongst younger generations, there is a heightened monetary ability to spend money on non-important items like home decor. This economic flexibility is driving a surge in the reputation of top rate and designer domestic decor brands, indicating a willingness to pay more for unique, premium pieces. The growing homeownership rate in the US amplifies this trend, as new house owners actively are searching to customise and style their living areas.
Viewing homes as long-term investments, house owners are more willing to spend on home improvements and enhancements, with domestic decor playing a pivotal position in developing comfortable, inviting, and fashionable living environments that contribute to the overall value and appeal in their residences.
Company Analysis
Inter IKEA Systems B.V.
Bed Bath & Beyond Inc
Herman Miller Inc.
Mohawk Industries Inc.
Williams-Sonoma, Inc.
Kimball International, Inc
HNI Corporation
Products – United States Home Decor Market breakup from 4 viewpoints:
Furniture
Floor Covering
Home Textiles
Others
Distribution Channel – United States Home Decor Market breakup from 4 viewpoints:
Supermarkets & Hypermarkets
Specialty Stores
E-Commerce
Others
Income group – United States Home Decor Market breakup from 3 viewpoints:
Higher Income
Upper-middle Income
Lower-middle Income
For more information about this report visit https://www.researchandmarkets.com/r/k002qf
About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Research and Markets Laura Wood, Senior Manager [email protected]
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Mortgage rates are starting to cool off after nearly hitting 7% in recent weeks. Borrowing costs have eased somewhat and housing affordability is showing signs of improvement—just in time for the spring selling season.
The 30-year fixed-rate mortgage averaged 6.74% this week, Freddie Mac reports. Over the last two weeks, rates have fallen by nearly a quarter of a percentage point. Potential home buyers are responding: Mortgage applications for a home purchase—a gauge of future homebuying activity—rose by 5% in the latest week and have been increasing over the last two weeks as rates have moved lower, the Mortgage Bankers Association reports.
For home buyers looking to purchase a $400,000 home with a 20% down payment, the estimated monthly mortgage payment at this week’s rate equates to about $2,073, says Jessica Lautz, deputy chief economist at the National Association of REALTORS®. Compared to October, when rates surged to a 7.79% average, home buyers can now save about $228 per month, she says.
Mortgage rates in the mid-6% range are encouraging more home buyers to return to the market. “Homebuying activity is showing an increase in buyer demand from last year, when buyers were apprehensive of rising rates,” Lautz says. But “more housing inventory is needed to meet the demand.” House hunters are still facing multiple-offer situations as they scramble to compete for low inventory.
Home buyers will continue to watch rates carefully, as they also continue to face record-high home prices. While economists have largely predicted rates to stay in the 6.5% or 6.3% range for most of 2024, week-to-week fluctuations remain a wild card for the housing market. Plus, “despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation,” says Sam Khater, Freddie Mac’s chief economist. “In this environment, there is a good possibility that rates will stay higher for a longer period of time.”
Freddie Mac reports the following national averages with mortgage rates for the week ending March 14:
30-year fixed-rate mortgages: averaged 6.74%, dropping from last week’s 6.88% average. Last year at this time, 30-year rates averaged 6.6%.
15-year fixed-rate mortgages: averaged 6.16%, falling from a 6.22% average last week. A year ago, 15-year rates averaged 5.9%.
California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base.
The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a non-GAAP net loss of $182.2 million in 2022, according to data shared in its fourth-quarter and full year 2023 earnings call.
Its non-GAAP net loss narrowed to $21.6 million in Q4 2023, down from a non-GAAP net loss of $49.3 million in the previous quarter.
“We delivered significant efficiencies across our business, allowing us to report ahead of our guidance for non-GAAP net operating loss and keeping us on track for our profitability target in 2024,” co-founder and CEO Nima Ghamsari told analysts.
The fact that the company achieved this momentum “despite 2023 being one of the worst years on record for mortgage industry origination volumes increases our confidence in our ability to navigate the year ahead as the market looks to stabilize,” he added.
In the fourth quarter, Blend closed eight new consumer banking deals, which included signing a multiyear consumer banking deal with Citizens Bank. And it added two new top 100 financial institutions by retail customer base to grow its mortgage customer base.
The economic value of Blend’s mortgage suite, per funded loan, rose from $81 to $91 during the year ending in Q4 2023, representing continued adoption of its mortgage add-on products, the company stated.
“Not only do we have customers gaining [market] share, we’re signing new customers and they’re using more of our products,” Ghamsari said. “There is, of course, some churn in a tough environment as there’s consolidation, and some customers have gone to lower-cost or free options to manage a low-margin environment, but this is more than offset by the other vectors of our growth.”
Granular details
Of its $36.1 million in fourth-quarter revenue, Blend’s platform segment generated $25.9 million and its title segment posted $10.2 million.
Within the Blend platform segment, mortgage suite revenue decreased by 3% year over year to $17.2 million, amid a mortgage market volume decline of 20% to 25% during the same period.
For full year 2023, Blend’s platform segment revenue totaled $109.5 million, a decrease of 10% compared to the year ending on Dec. 31, 2022. Title segment revenue totaled $47.3 million, a 58% decrease compared to the previous year.
Blend’s Q4 2023 operating expenses declined to $41.6 million, less than half of the $89.6 million spent in Q4 2022. For all of 2023, operating expenses fell to $237.4 million, down from $835.8 million, which helped offset the company’s non-GAAP net loss.
As of Dec. 31, 2023, Blend had cash, cash equivalents and marketable securities totaling $144.2 million, with total outstanding debt of $140 million in the form of Blend’s term loan.
“During the fourth quarter, Blend prepaid $85 million of its term loan balance and amended the maturity date to provide for a one-year extension to 2027, provided we meet certain conditions,” said Amir Jafari, Blend’s head of finance and administration.
No change in profitability goal
Achieving non-GAAP profitability has been a long-running goal for Blend since going public in July 2021.
Executives on the earnings call reaffirmed that Blend is on track to achieve this goal, as it foresees continued growth in consumer banking and improved economics in mortgage, regardless of the macroeconomic environment.
Blend expects its first-quarter 2024 revenue to be between $32.5 million and $35.5 million — and platform revenue should finish between $22 million and $24 million. Its title business is expected to post revenue of $10.5 million to $11.5 million.
This forecast reflects Blend’s expectation of an estimated 800,000 to 875,000 industrywide mortgage originations in Q1 2024.
Looking ahead, Ghamsari hinted that Blend is preparing its customers to scale in 2025, which will be a “very different market for mortgages.”
“We’re building a next-generation refinance flow during a historically bad time for refinance volumes. Why? Because the longer this high-rate environment lasts, the larger the backlog of customers will benefit by refinancing when rates ultimately come down,” Ghamsari said.
Are you eligible for the zero-down USDA home loan?
What if you could secure a USDA home loan that allows you to buy a house with no down payment, competitive mortgage rates, and reduced mortgage insurance costs?
It might sound like a dream, but it’s entirely possible with the USDA mortgage program. Designed to assist low- and moderate-income Americans in becoming homeowners, USDA loans provide incredibly affordable financing options for eligible buyers.
Essentially, USDA mortgages empower individuals to transition from renting to owning, even when they thought homeownership was out of reach.
Verify your USDA loan eligibility. Start here
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>Related: How to buy a house with $0 down: First-time home buyer
What is a USDA loan?
USDA loans are mortgages backed by the U.S. Department of Agriculture as part of its Rural Development Guaranteed Housing Loan program. The USDA offers financing with no down payment, reduced mortgage insurance, and below-market mortgage rates.
Verify your USDA loan eligibility. Start here
The USDA mortgage program is intended for home buyers with low-to-average household incomes. In order to qualify, you must also purchase a home in a “rural area” as the USDA defines it. Those who are eligible can use a USDA mortgage to buy a home or refinance one they already own.
USDA loans offer nearly unbeatable benefits for qualified borrowers. So if this program sounds like a good fit for you, it’s worth getting in touch with a participating lender to find out if you’re eligible.
How do USDA loans work?
The U.S. Department of Agriculture insures USDA loans. Thanks to government guarantees and subsidies, lenders can offer 100% financing and below-market interest rates without taking on too much risk.
Verify your USDA loan eligibility. Start here
Although the USDA backs this program, it typically isn’t the one lending money. Instead, private lenders are authorized to offer USDA loans. That means you can get a USDA mortgage from many mainstream banks, mortgage lenders, and credit unions.
The application process for a USDA mortgage works just like any other home loan. You’ll compare rates and choose a lender, complete an application (often online), provide financial documents, wait for the lender’s approval, and then set a closing day.
The only exception is for very low-income borrowers, who may qualify for a USDA Direct home loan. In this case, you’d go straight to the Department of Agriculture to apply rather than to a private lender.
Types of USDA loans
For eligible individuals and families looking to buy, build, or renovate a home in a rural area, the USDA offers three main mortgage loan types. The loan programs are as follows:.
Verify your USDA loan eligibility. Start here
USDA Guaranteed Loans
Approved private lenders, such as banks and mortgage companies, provide USDA loan guarantees to qualified borrowers. A USDA guaranteed loan is one in which the government backs a portion of the loan, lowering the lender’s risk and allowing them to offer more favorable terms to the borrower. These loans frequently have low interest rates, no down payment, and more lenient credit requirements. The property must be in an eligible rural area as the USDA defines it, and borrowers must meet household income requirements that vary depending on location and household size.
USDA Direct Loans
The USDA also offers the Single Family Housing Direct loan through the Section 502 Direct Loan Program. These loans are meant to help low-income families buy, build, or fix up small homes in rural areas. The USDA, rather than private lenders, provides funding for direct loans as opposed to guaranteed loans. These loans have favorable terms, such as low interest rates (as low as 1% with payment assistance) and long repayment periods (up to 38 years for eligible applicants). Income, creditworthiness, and the property’s location in an eligible rural area determine eligibility for direct loans.
USDA Home Improvement Loan
The USDA’s Single Family Housing Repair Loans and Grants program, also known as the Section 504 program, provides financing for home improvements. This program provides low-interest, fixed-rate loans and grants to low-income rural homeowners for necessary home repairs, improvements, and modifications that make their homes safer, more energy-efficient, and more accessible. However, if you’re looking for one, you might have a difficult time finding this type of USDA home loan. They are not widely available from lenders.
USDA loan eligibility requirements
To be eligible for a USDA home loan, you’ll need to meet a number of requirements that vary depending on whether you are applying for a USDA loan guarantee or a USDA direct loan.
Verify your USDA loan eligibility. Start here
Some general requirements, however, apply to all USDA loans, specifically those based on both buyer and property eligibility.
USDA loan property requirements
Eligible rural area
The USDA defines an eligible area in rural America as having a population of 20,000 or fewer. To check if the property you’re considering falls within these designated areas, the USDA’s eligibility site provides all the necessary information. We also provide a USDA eligibility map below.
Single-family primary residence
USDA loans are exclusively available for primary residences. Neither investment properties nor second homes are eligible for this program.
Meet safety standards
The property must adhere to the USDA’s minimum property requirements, which focus on safety, structural integrity, and adequate access to utilities and services.
USDA loan borrower requirements
Income limits
You must meet USDA monthly income limits, meaning your household income can’t exceed 115% of the area median income. Conforming to USDA income eligibility requirements ensures the program is accessible to those it’s intended to serve.
Stable income
Applicants are required to demonstrate a stable and dependable income, typically for at least 24 months, before applying. This helps ensure borrowers can maintain their loan payments.
Creditworthiness
Although USDA loans are known for their flexible credit requirements, creditworthiness is still important. Lenders usually seek a minimum credit score of 640 for guaranteed loans, with USDA Direct Loans potentially having more lenient criteria.
Debt-to-income ratio
Your monthly debt, including future mortgage payments, generally should not exceed 41% of your gross monthly income. However, lenders may make exceptions based on credit score and available cash reserves.
Citizenship status
Applicants need to be U.S. citizens, U.S. non-citizen nationals, or qualified aliens with a valid Social Security number to qualify for a USDA loan.
USDA loan eligibility map
The USDA eligibility map is a valuable online resource for potential borrowers. It helps them identify if a property is situated in an area of rural America that qualifies for USDA home loans.
Verify your USDA loan eligibility. Start here
Users can enter a specific address or explore areas of the map to see if they qualify for USDA guaranteed loans or direct loans by using this interactive map.
1 Source: USDAloans.com, based on Housing Assistance Council data
USDA loan rates
Compared to other home loan programs, USDA mortgage interest rates are some of the lowest available.
Check your USDA loan rates. Start here
The VA loan, specifically tailored for veterans and service members, stands alongside the USDA loan as one of the few government-backed loan programs offering competitively low rates. Due in large part to the security that government subsidies and guarantees provide, both the USDA and VA programs are able to offer interest rates below the market average.
Other mortgage programs, like the FHA loan and conventional loan, can have rates around 0.5%–0.75% higher than USDA rates on average. That said, mortgage rates are personal. Getting a USDA loan doesn’t necessarily mean your rate will be “below-market” or match the USDA loan rates advertised.
How to get the best USDA mortgage rates
Strengthening your financial standing is essential for obtaining the best USDA loan rates. Here are some helpful techniques for improving your personal finances:
Boost your credit score.Improving your credit score is an important step toward getting the best USDA loan rates. Taking steps to improve your credit score before applying for a USDA loan often proves beneficial.
Consider a down payment. While a down payment is not required for USDA loans, it can demonstrate to the lender your commitment to repaying the loan. This could also help lenders find your application more appealing.
Minimize existing debt.Lowering your debt-to-income ratio (DTI) by paying off existing high-interest debts can make you more appealing to lenders. It demonstrates that you are capable of handling your loan and making payments on time.
Shop around for lenders.Exploring loan options with multiple participating lenders is a smart move that can save you thousands of dollars over the life of the loan. Comparing their interest rates, fees, closing costs, and loan terms can help you identify the most appealing offer. It’s possible that first-time home buyers will find better options than what USDA loans can offer.
USDA loan costs
When it comes to financing a home purchase with a USDA loan, it’s not just the mortgage rate that you need to consider. You’ll be responsible for various fees and costs, which can add up over time. Understanding these costs upfront can help you make a more informed decision and plan your budget accordingly.
Here’s a breakdown of the expenses you can expect:.
USDA mortgage insurance
The USDA guarantees its mortgage loans, meaning it offers protection to approved mortgage lenders in case borrowers default. But the program is partially self-funded. To keep this loan program running, the USDA charges homeowner-paid mortgage insurance premiums.
Verify your USDA loan eligibility. Start here
Upfront guarantee fee
One of the first costs you’ll encounter is the upfront guarantee fee. This fee is a percentage of the loan amount and is required by the USDA to secure the loan. It’s usually around 1% but can vary. You can either pay this fee upfront or roll it into the loan balance.
Annual guarantee fee
Unlike conventional loans that may not require mortgage insurance, USDA loans come with a monthly mortgage insurance premium. You can expect to pay a 0.35% annual guarantee fee based on the remaining principal balance each year.
The annual fee is broken into 12 installments and included in your regular mortgage payment.
As a real-life example, a home buyer with a $100,000 loan size would have a $1,000 upfront mortgage insurance cost plus a monthly payment of $29.17 for the annual mortgage insurance. USDA upfront mortgage insurance is not paid in cash. It’s added to your loan balance, so you pay it over time.
Inspection fees
Before the loan is approved, the property will need to be inspected to ensure it meets USDA property eligibility requirements. This inspection can cost anywhere from $300 to $500, depending on the location and size of the home.
Closing Costs
Closing costs are a mix of fees that include loan origination fees, appraisal fees, title search fees, and more. These costs can range from 2% to 5% of the home’s purchase price. Some of these costs can be rolled into the loan amount, but it’s best to be prepared to pay some of them out-of-pocket.
How to apply for a USDA home loan
Qualifying for a USDA home loan can be a great way to finance a home, especially if you’re looking to buy in a rural area. These loans offer attractive benefits like zero down payments and competitive interest rates.
However, the USDA loan approval process involves several steps and specific eligibility criteria. Here’s a guide on how to apply for a USDA home loan.
Check your USDA loan eligibility. Start here
Step 1: Check your eligibility
Before diving into the application process, it’s important to determine if you meet the USDA’s eligibility requirements. These typically include:
A minimum credit score of 640
A debt-to-income (DTI) ratio of up to 41%
Income limitations, which vary by location and household size
The property must be located in a USDA-eligible area
Step 2: Gather necessary documentation
You’ll need to provide various documents to prove your eligibility, including:
Proof of income eligibility (e.g., pay stubs, tax returns)
Employment verification
Credit history report
Personal identification (e.g., driver’s license, passport)
Step 3: Pre-Qualification
Contact a USDA-approved lender to get pre-qualified for a loan. During this qualifying process, the participating lender will review your financial situation to give you an estimate of how much you can borrow.
Check if you’re eligible for a USDA loan. Start here
Both pre-approval and pre-qualification can give you a better idea of your budget and show sellers that you are a serious buyer.
Step 4: Property search
Once pre-qualified, you can start looking for a property that meets USDA guidelines. Keep in mind that the home must be your primary residence and be located in an eligible rural area.
Working with a real estate agent who has experience with USDA loans can be a big advantage.
Step 5: USDA home loan application
After finding the right property, you’ll need to fill out the USDA loan application. Your lender will guide you through this process, which will include a more thorough review of your financial situation and the submission of additional documents.
Step 6: Property appraisal and inspection
The lender will arrange for an appraisal to ensure the property meets USDA standards. An inspection may also be required to identify any potential issues with the home.
Step 7: Loan approval and closing
Once the appraisal and inspection are complete and all documentation is verified, you’ll move on to the loan approval stage. If approved, you’ll proceed to closing, where you’ll sign all necessary paperwork and officially secure your USDA home loan.
With the loan secured and the keys in hand, you’re now ready to move into your new home!
By following these steps and working closely with a USDA-approved lender, you can navigate the USDA home loan process with confidence. Always remember to consult with your lender for the most accurate and personalized advice.
How do USDA loans compare to conventional loans?
USDA loans and conventional loans both have fixed terms and interest rates, but they’re different when it comes to down payments and fees.
Down payment
USDA loans don’t ask for a down payment, unlike conventional mortgages, which usually require a 3% down payment. FHA loans require a 3.5% down payment. VA loans, like USDA loans, also don’t require a down payment.
Home appraisal
Both USDA loans and conventional loans need an appraisal from an independent third party before the loan is approved.
The home appraisal for a conventional loan determines whether the loan amount and the home’s value match. If the loan amount doesn’t measure up to the market value of the home, the lender can’t get back their money just by selling the house. If you want to know more about the home’s condition, like the roof or appliances, you need to get a home inspector.
For a USDA loan, the appraisal does two things:
Just like with a conventional loan, it makes sure the home’s value is right for the loan amount.
It checks if the home meets USDA standards. This means the home should be ready to live in. For example, the roof and heating should work properly. The appraisal also looks at whether the well and septic systems follow USDA rules.
If you’re looking for a detailed report on the house, hiring a home inspector is still a good idea.
Fees
While conventional loans charge private mortgage insurance (PMI) when you make less than a 20% down payment, this isn’t the case with USDA loans. You don’t need PMI for USDA direct or guaranteed loans.
However, USDA guaranteed loans have a guarantee fee of 1% at closing and then an annual fee of 0.35% of the loan, added to your monthly payment. You can roll the initial fee into your loan amount.
Loan terms
The term for a USDA guaranteed loan is 30 years with a fixed rate. If you get a USDA direct loan, you can have up to 33 years to pay it back. If you’re a very low-income borrower, you might get up to 38 years to make it more affordable.
FAQ: USDA loans
Verify your USDA loan eligibility. Start here
What is the USDA Rural Housing Mortgage and who is eligible for it?
The USDA Rural Housing Mortgage, officially known as the Single Family Housing Guaranteed Loan Program, is a rural development loan aimed at helping single-family home buyers. It’s often referred to as a “Section 502” loan, based on the Housing Act of 1949 that created this program. Designed to stimulate growth in less-populated and low-income areas, this rural development loan is ideal for those looking to buy in eligible rural areas with the possibility of a zero-down payment.
What is the income limit for USDA home loans?
The income limit for USDA home loans is based on your area’s median income. To be eligible for a USDA loan, you can’t exceed the median income by more than 15 percent. For example, if the median salary in your city is $65,000 per year, you could qualify for a USDA loan with a salary of $74,750 or less.
Do USDA loans take longer to close?
USDA lenders have to send each loan file to the Department of Agriculture for approval before underwriting. This can add around two to three weeks to your loan processing time.
Can I do a cash-out refinance with the USDA program?
No, cash-out refinancing is not allowed in the USDA Rural Housing Program. Its loans are for home buying and rate-and-term refinances only.
What’s the maximum USDA mortgage loan size?
The USDA does not set loan limits, but your household income and debt-to-income ratio have a limit on the amount you can borrow. The USDA typically caps debt-to-income ratios at 41 percent. However, the program may be more lenient for borrowers with a credit score over 660 and stable employment or who show a demonstrated ability to save.
Where can I find a USDA loan lender, and what loan terms are available?
You can find a USDA loan lender by visiting the U.S. Department of Agriculture’s website, which maintains a list of approved lenders for the Rural Housing Program. The USDA Rural Housing loan offers a 30-year fixed-rate mortgage only, with no 15-year fixed option or adjustable-rate mortgage (ARM) program available.
Can I receive a gift or have the seller pay for my closing costs with a USDA loan?
Yes, USDA rural development loans allow both gifts from family members and non-family members for closing costs. Inform your loan officer as soon as possible if you’ll be using gifted funds, as it requires extra documentation and verification from the lender. Additionally, the USDA Rural Housing Program permits sellers to pay closing costs for buyers through seller concessions. These concessions may cover all or part of a purchase’s state and local government fees, lender costs, title charges, and various home and pest inspections.
Can I use the USDA loan for a vacation home, investment property, or working farm?
No, the USDA loan program is designed specifically for primary residences and cannot be used for vacation homes, investment properties, or working farms. The Rural Housing Program focuses on residential property financing.
Am I eligible for the USDA if I recently returned to work or am self-employed?
If you are a W-2 employee, you are eligible for USDA financing immediately, as there’s no job history requirement. However, if you have less than two years in a job, you may not be able to use your bonus income for qualification purposes. Self-employed individuals can also use the USDA Rural Housing Program. To verify your self-employment income, you will need to provide two years of federal tax returns, similar to the requirements for FHA and conventional financing.
Can I use the USDA loan program for home repairs, improvements, accessibility, and energy-efficiency upgrades?
Yes, the USDA loan program can be used for various purposes, including making eligible repairs and improvements to a home (such as replacing windows or appliances, preparing a site with trees, walks, and driveways, drawing fixed broadband service, and connecting utilities), permanently installing equipment to assist household members with physical disabilities, and purchasing and installing materials to improve a home’s energy efficiency (including windows, roofing, and solar panels).
Can a non-citizen qualify for a USDA loan?
Yes, along with U.S. citizens, legal permanent residents of the United States can also apply for a USDA loan.
Today’s USDA mortgage rates
USDA mortgage interest rates consistently rank among the lowest in the market, next to VA loans.
USDA loans can be particularly attractive to borrowers seeking optimal financial terms, especially in an environment with elevated interest rates. Prospective homebuyers who meet the criteria for a USDA loan may be able to secure a great deal right now.
To find out whether you qualify for one and what your rate is, consult with a trusted lender below.
Time to make a move? Let us find the right mortgage for you
1 Source: USDAloans.com, based on Housing Assistance Council data
For those who feel liberated by small apartment living but are having trouble strategically organizing in a way that makes your place feel tidy, this article is for you. Whether you just leased a Seattle apartment or are looking at apartments for rent in Naples, Florida, expert organizers offer their best insights to help you keep your belongings in order and readily accessible.
While the task may initially feel tricky, Barbara Metzel with Professional Organizing Plus says a small apartment requires “creativity and smart organization” influenced by a “minimalist approach.” Now, let’s get started.
1. Begin by decluttering
Initiate your organization journey by decluttering. Streamline possessions and keep only what is essential. This foundational step sets the stage for an efficient and visually pleasing living environment.
Founder of Selma Organizer, Mariselma Goncalves, shares how “a great way to achieve serenity, especially in a small apartment where every inch counts, is by organizing and decluttering.”
The act of decluttering, however, isn’t done once and then forgotten about until the stacks pile up. In her blog, Tacoma, Washington’s professional organizer and owner of Clear Spaces Organizing Co., Ashley Nariman, shares how “the most valuable thing you can do is to develop a regular habit of decluttering.” She recommends “adding a purge session to your calendar every 4-6 months to keep clutter in check.”
By decluttering and “reducing the number of items in a space,” Aaron Traub, owner and lead organizer of My Professional Organizer Dallas, shares that a space can be “more functional and serene.”
2. Utilize clear containers
Opt for transparent storage solutions to quickly identify contents. Clear containers provide a visual inventory and lend a sleek and uniform appearance to your storage areas, maintaining a sense of order and simplicity.
Professional organizer Bethany Van Dyke shares how clear containers can be utilized in spaces such as kitchens or bathrooms “to house perishable food or bathroom items” that were previously in bulky packaging that took up unnecessary space.
Mary Beth Bartlett and Megan McDowell with Rooms to Breathe recommend “transferring board games and puzzles into zippered mesh pouches and filing in a large open bin” to save space. Additionally, the duo suggests to those with craft stations “unboxing markers, crayons, glue sticks, and other art supplies and putting them into a divided turntable.”
3. Vertical space
Unlock valuable vertical real estate by installing shelves and organizers on walls. Embracing verticality optimizes space utilization, freeing up floor space and allowing a visually striking display of your belongings.
Creative consultant and designer for Organize Create Design, Tracy Broeckel, shares how “floating shelves and pegboard paired with hooks and baskets can free up valuable floor space.” With Half Full Organizing, Stacy Stevens adds that implementing these items can “offer function and double as décor.”
Sarah Kary, certified professional organizer with From Mess to Blessed, shares how command hooks can be versatile in what they are used for. She adds that they are “renter friendly” and great for “hats, jewelry, kitchen utensils, stringing lights, dog leash, and art and décor.”
When organizing vertically, Taylor Miller, founder of Orderly Interiors, recommends investing in “behind-the-door storage shelves to neatly house laundry supplies, tools, bathroom essentials, or pantry items.” Heather Cocozza, organizing and productivity consultant for Cocozza Organizing and Design, recommends renter-friendly products such as Elfa Back of the Door Solution or iDesign Affixx Adhesive Organizer Bin for back-of-door storage.
4. Fold clothes
Master the art of efficient clothing storage by adopting the KonMari folding method. Neatly folded clothes save space, reduce wrinkles, and create an appealing wardrobe. This technique proves particularly beneficial in confined closets.
Certified professional organizer Katie McAllister with Susquehanna Closet and Garage Design shares how “jeans, athletic clothing, sweaters, scrubs, and t-shirts all do very well folded.” She also adds how the ideal spacing between shelves is 8-10 inches. This allows you to “stack a few items without creating your own Leaning Tower of Pisa.”
5. Under-the-bed storage
Transform the underutilized space beneath your bed into a storage powerhouse. Invest in under-bed storage bins or drawers that can be readily accessible but offer an organized space to stow away underused items.
Deena McNichol, owner of One Thing at a Time Professional Organizing, shares how under-bed storage is great for items such as “shoes, linens, or sweaters.”
6. Integrate multifunctional furniture
Select furniture pieces with dual purposes to make the most of limited space. From ottomans with hidden storage to convertible sofa beds, multifunctional furniture adds versatility without sacrificing style, catering to both form and function in your compact abode.
Designer sales representative for Save Our Space, Cory Viereck, recommends that those limited in closet space add wardrobes that can fit their belongings.
Picture this: You wake up in the morning, filled with energy and excitement for the day ahead. But as you open your closet door, instead of being greeted by a neatly organized array of clothing, you’re met with a chaotic jumble of garments piled haphazardly on top of each other. Sound familiar? If so, you’re not alone.
Many of us – from Miami, FL to Seattle, WA and anywhere in between – struggle with closet clutter, but fear not – organizing and simplifying your closet is easier than you think. In this guide, ApartmentGuide explores some expert tips and tricks for maximizing your closet space, streamlining your style, and simplifying your life in the process.
1. Declutter like a pro
The first step in maximizing your closet space is to declutter your space ruthlessly. Set aside some time to go through each item in your wardrobe and ask yourself: Do I love it? Do I wear it? If the answer is no, it’s time to say goodbye. Donate or sell items that no longer serve you, and watch as your closet breathes a sigh of relief.
Brenda Scott, professional home organizer and owner of Tidy My Space, weighs in on this topic. “Start by sorting through your outgoing seasonal items and weed out anything you didn’t wear or use; chances are you won’t next time either. Then, inspect all incoming spring items. Do they still fit well and make you feel confident? If not, consider selling or donating them, as others may be looking for new spring pieces.”
2. Start fresh
According to personal stylist Deni Kiro, spring is the perfect time to revitalize your wardrobe and embrace new trends. “Start by reviewing the latest fashion trends and selecting ones that resonate with your personal style. Decluttering your closet is essential for rediscovering forgotten treasures and making space for new additions.
Consider refreshing old pieces with tailoring to breathe new life into your wardrobe sustainably. As you cleanse your closet, focus on identifying your favorite pieces and exploring fresh styling ideas. Take inspiration from fashion runways to discover innovative ways to combine colors and styles, igniting your creativity for the season ahead.”
3. Invest in smart storage solutions
“I firmly believe that spring presents the ideal opportunity to organize and declutter home wardrobe closets,” asserts Lisa Ann S. Santin, proprietor of LASS Wardrobe. “As we transition between seasons, decluttering our spring and summer closets and adopting a highly organized approach sets the stage for seamlessly integrating seasonal trends while also revitalizing forgotten pieces.”
Once you’ve cleared out the clutter, it’s time to invest in some smart storage solutions to make the most of your closet space. Consider adding shelves, drawers, or cubbies to maximize vertical storage. Utilize hanging organizers for shoes, bags, and accessories, and invest in slimline hangers to save space and keep your clothes wrinkle-free.
4. Get creative with clothing arrangement
Think outside the box when it comes to arranging your clothing. Rather than exclusively hanging garments, try folding bulkier items such as sweaters and jeans to maximize hanging space availability. Employ dividers or bins to categorize various types of clothing, facilitating quick and easy access to your wardrobe essentials. Additionally, make the most of the available space by utilizing the back of the door for supplementary storage options. Consider installing an over-the-door shoe organizer or hooks to optimize storage capacity, especially in compact or limited spaces.
5. Incorporate a seasonal rotation
With spring approaching, now is the perfect time to freshen up and organize your home,” advises Efa, professional organizer and founder of Neat It. “Begin by sorting through your summer wardrobe. If you find items that no longer fit or are worn out, consider parting ways with them. Clearing out unnecessary belongings not only creates space but also contributes to a renewed and orderly living environment, promoting a sense of well-being and anticipation for the season ahead.”
To prevent your closet from becoming overcrowded, consider implementing a seasonal rotation system. Store off-season clothing in bins or under-bed storage containers, and swap them out as the seasons change. Not only will this free up space in your closet, but it will also make getting dressed each morning a breeze.
6. Maximize every inch
Finally, don’t overlook any potential storage opportunities in your closet. Take advantage of high shelves for storing out-of-season items or infrequently used items like luggage or keepsakes. Make use of the floor space for shoe racks or storage bins, and don’t forget to utilize the space above the closet door for additional shelving or hanging space.
“Store your winter garments at the top or towards the back of your closet, or even pack them away if possible,” suggests stylist Suzie Gaffney. “Keep your spring and summer attire visible and within easy reach. Consider arranging your clothing by color to give your wardrobe a fresh perspective and ensure organization by grouping similar types of clothing together within each color category, such as white tanks followed by white short sleeves and then white long sleeves. This color-based system facilitates quick and efficient access to your wardrobe essentials.”
Maximizing your closet space this spring
With these straightforward strategies, you can turn your chaotic closet into a well-ordered space you’ll love. With just a bit of time and creativity, you’ll maximize your closet’s potential and make getting dressed each day a pleasure. So, roll up your sleeves, gather your bins and hangers, and get ready to conquer your closet clutter once and for all.
Solar batteries store solar energy for use at another time. Manufactured by companies including Panasonic, LG, Generac and Tesla, a solar battery typically costs $12,000 to $22,000. Solar batteries may be a good choice if you’re looking to use less grid electricity or go off-grid completely
.
Solar battery pros and cons
Lower energy bills.
Expensive to purchase and replace.
Environmental benefits — reduced need for fossil fuel generated power/lower carbon footprint.
Limited energy storage capacity.
Long life span options. Many can last up to 20 years or longer.
Safety concerns if improperly installed, ventilated or maintained. Some types can overheat and catch fire.
Possible federal and state tax incentives.
Regular maintenance required on some types.
Provides backup energy in the event of a blackout, regardless of weather.
Some types can be bulky and take up a lot of space.
Can avoid high peak-use-hours charges.
Requires proper disposal.
Increased energy efficiency.
Some types, such as nickel-cadmium, may contain materials that are harmful to the environment.
Less dependency on the grid.
Renters don’t qualify for federal tax incentives.
Can operate in tandem with a grid-tie system.
Some require special equipment for installation.
Quiet power, unlike generators.
Some may emit harmful gasses.
Can also be used for microgrids and portable power units.
Not all battery types are readily available for residential systems.
How do solar batteries work?
When you pair your solar energy system with a solar battery, the surplus energy your system generates goes straight to the battery, where it’s stored for later use (as opposed to that surplus automatically being returned to the grid)
State of South Carolina Energy Office. Battery Back-up. Accessed Mar 11, 2024.
.The energy stored in your battery bank can then be used later when you need it most, such as during a power blackout. Here’s how it works:
Solar panels use photons from the sun to knock electrons away from atoms and generate an electrical flow.
The excess electricity generated by the solar panels is stored as direct current (DC) energy in the solar battery.
An inverter converts the DC energy to alternating current (AC) energy for home use — either as needed, if you have a DC-coupled conversion system — or immediately for instant use if you have an AC-coupled conversion system. Excess power in this type of system can be converted back to DC to charge the battery.
A solar system with a solar battery may include these basic components:
Ground or roof-mounted solar panels.
Battery bank.
Inverter that converts DC energy into AC energy for home use.
Junction box to connect solar panel wiring to the home breaker panel.
Charge controller to prevent battery overheating.
Utility meter for the battery bank.
Disconnect switch to prevent islanding (continuing to generate electricity and push it onto the grid) during blackouts. This protects electrical workers trying to restore power.
If your solar system is connected to the grid, you’ll also have an interconnection agreement with your utility provider.
Types of solar batteries
Here are some of the main types of batteries commonly used in solar systems.
Lead acid batteries
These reliable staples are the oldest type of solar batteries, and they are often used for off-grid applications. They’re the most affordable solar battery option, but they have a low energy density, meaning they can’t hold a lot of energy for their weight. Compared to other options, they’re large and heavy.
Pros
Dependable, time-tested technology.
Easy to recycle.
Lower priced than other types of solar batteries.
Compatible with most systems.
Cons
Heavier and bulkier than other types of solar batteries.
To preserve battery life, it’s recommended that you don’t let the battery capacity drop below 50%. Other types of batteries can drop to 10% capacity — and sometimes lower — without damaging the system.
Generally need maintenance such as adding water (unless sealed).
May emit gasses.
Shorter life span than other types of solar batteries.
Take longer to recharge than other types of solar batteries.
Contain harmful chemicals and they require proper disposal.
Lithium-ion batteries
Well-suited to residential solar systems, lithium-ion batteries offer a small, light and long-lasting solar battery option with a high energy density. This newer technology lets you access more of the battery’s stored energy before needing to recharge it, which is why this type of battery is common in laptops and mobile phones. If they’re not installed properly, however, lithium-ion batteries can catch fire. They’re also pricier than some other types of batteries.
Pros
Smaller and lighter than other battery types; work well in tight spaces.
Newer technology with improved battery capacity and efficiency.
Long life span.
Little or no maintenance required.
Fewer batteries needed for power.
Lithium-ion batteries have a high depth of discharge, meaning if the battery capacity drops to 10%, it won’t strain the system or cause the system to degrade.
Cons
High price.
Can catch fire if improperly installed.
Special equipment required for installation.
Nickel-cadmium batteries
Designed mostly for commercial solar systems, nickel-cadmium batteries are rare in smaller residential applications. Because some manufacturers are testing ni-cads for home systems, we may see more of them in the future. Nickel-cadmium batteries use older technology, are low maintenance and long-lasting, have a high discharge capacity and can work efficiently even in extreme temperatures. However, they’re also heavy and bulky, lose charge when they’re not used, are costly and contain toxins that are harmful to the planet when not properly disposed of. Some countries have banned their use.
Pros
Long life span of up to 20 years or more.
Nickel-cadmium batteries have a high depth of discharge, meaning if the battery capacity drops to 20%, it won’t strain the system or cause the system to degrade.
Perform well under extreme weather conditions.
Time-tested technology.
Low maintenance.
Cons
Power retention is lower than other battery types.
Not environmentally friendly.
Not typically available for residential solar systems.
Heavy and bulky.
Flow batteries
Engineered for large-scale use with very limited availability to homeowners, this new technology uses water-based electrolytes that flow between two internal tanks. Charging and discharging takes place through chemical reactions within the battery, and increasing the number of tanks can increase total energy storage capacity. Flow batteries are very efficient and have a 100% discharge capacity. They’re also long-lasting and use nontoxic, nonflammable materials. Unfortunately, they’re also heavy, large and expensive. They require a lot of maintenance and have a low power density.
Pros
Customizable.
Long life span of 20 years or more.
Nonflammable and nontoxic materials.
High efficiency with 100% discharge capacity.
Cons
Heavy/bulky.
Considered too expensive for residential use.
Low power density.
High maintenance.
Final considerations and how to choose a solar battery
Here are a few important factors to consider and compare:
Budget. Weigh affordability and durability, and be aware that less expensive lead-acid batteries won’t last as long as lithium-ion batteries, which are more expensive upfront.
Space. Choose batteries that fit in your available space.
Warranty: Look for a solid warranty from a reputable manufacturer.
Battery capacity. For maximum efficiency, be sure this is appropriate for your solar system’s energy production. There are two measurements to consider: Storage capacity is how much energy the battery can hold; usable capacity is the energy the battery can provide minus the energy needed to operate the battery.
Battery life span. Longer life spans save on battery replacement costs over time and lessen the impact on the environment.
Round-trip efficiency. This is the measure of how well your battery stores and retrieves energy and how efficient its operation is after it’s charged. The industry standard for this is about 80%
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Depth of discharge: This is how much power a battery uses before you need to recharge it.
Maintenance. Lower-priced battery options such as lead-acid typically require more maintenance, and you’ll need to decide how much maintenance you’re willing and able to perform.
Your system’s voltage requirements. Make sure your battery is compatible with the voltage requirements of your solar panels.
Frequently asked questions
Are there any tax incentives to offset the cost of a solar battery?
Yes. Depending on when you purchased and installed your solar battery, you may be eligible for a federal tax incentive of between 22% and 30% of the battery’s cost. To qualify, the battery must have a storage capacity of at least 3 kilowatt hours. New construction and existing homes both qualify, as do both primary and secondary residences. The home can be a house, co-op, condo, houseboat, mobile home or manufactured home. Rentals do not qualify for this tax incentive. State incentives may be available in your areas as well. Check this database to see if you qualify for one.
Can I have solar panels without buying a solar battery?
Yes. Without a battery, any excess energy you produce will just go back to the grid rather than be stored in a battery for your future use. This is called a grid-tie system.
What type of solar battery is the most popular for residential use?
Even though they’re pricey, lithium-ion batteries are the most popular type of solar battery for residential use because they’re long-lasting and often don’t need maintenance.
Homebuyers waiting for mortgage rates to be reduced may have to wait a few more months.
That seemed to be the message this week after the latest inflation report from the Bureau of Labor Statistics showed inflation higher in January than expected. Although that 3.1% rate was lower than December’s 3.4%, it was still more than a full percentage point above the Federal Reserve’s target 2% goal. That means today’s interest rates are likely to stay high and an expected rate cut may not now come until late spring or early summer.
It also means that today’s mortgage rates — already hovering near the highest point since 2000 — will remain elevated as well. While that’s disappointing news for many homebuyers ready to act now, it doesn’t necessarily mean that they’re out of options. There is one way that homebuyers can reduce their mortgage rate by half a percentage point and it doesn’t involve an unpredictable adjustable-rate mortgage to do so.
Not sure what mortgage rate you’d qualify for today? Find out here now.
How homebuyers can reduce their mortgage rate by half a percentage point
If you’re a homebuyer looking to reduce the mortgage rate you’ve been offered consider buying “points” to do so. Specifically, many lenders will allow applicants to purchase mortgage points to reduce their rate. This involves paying a fee to the lender either during the mortgage closing process or by rolling it into the overall mortgage loan. This fee, then, will reduce the initial rate you were offered.
So, if you purchase 0.750 points, you can reduce your mortgage from 7% to 6.625%. If you buy 0.50 points, you can reduce your mortgage from 7% to 6.50% and so on. A full point is generally worth 1% of your total loan amount.
This is worth considering for many homebuyers right now, especially now that the hope for a rate cut has been dimmed a bit. That said, it does have some drawbacks. An additional fee — no matter how it is paid — can be difficult for buyers to manage. It also may not be worth it if the new, lower rate is something that can be obtained by waiting out the market or by refinancing in the future. And you’ll be limited on how many points you can buy (you won’t be able to buy a rate down to zero, for example).
On the other hand, every dollar helps, and if you can potentially save hundreds of dollars in a mortgage loan each month, it may be worth it for you.
Crunch the numbers here to learn more.
Other ways to get a below-average mortgage rate
Mortgage points aren’t the only way to get a below-average mortgage rate.
As mentioned above, adjustable-rate mortgages may also be advantageous. These types of loans generally start with a lower rate but adjust, over time, to a higher one. But once that increase comes into play, the rate environment may have stabilized, allowing buyers to refinance into a lower, fixed rate instead.
It’s also smart to improve your credit score and profile as much as possible (remember that the advertised rates are only for those with the best credit) and you should shop around for lenders to secure the best deal. Even a mortgage rate a few basis points lower than another one can add up to major savings over the lifespan of the mortgage loan.
The bottom line
Today’s mortgage rate environment isn’t ideal, especially compared to the lows from 2020 and 2021. But, historically speaking, it’s about average. To get a below-average rate by half a percentage point or more, borrowers should consider buying mortgage points from their lender. While points may not always be advantageous, they can make a major difference in your interest rate and can be especially helpful now when the forecast for rate cuts looks less clear. But options like an adjustable-rate mortgage may also be worth it for some buyers, all of whom should improve their credit score and shop for lenders before finally committing to a specific rate and lender.
Matt Richardson
Matt Richardson is the managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
Our surroundings hold significant sway over our mood and well-being, often shaping our experiences more than we realize. The activities we engage in within these walls mold our emotional state, productivity, and overall perspective. So, if you find yourself feeling low without a clear cause, your home may be to blame.
No matter if you call Des Moines, IA, Boise, ID, or any place in between home, with spring on the horizon, there’s no better time to implement simple yet transformative changes within our living spaces. To help set the stage to boost happiness and cultivate a sense of fulfillment that extends beyond the confines of our homes, here are 20 ways to boost happiness at home this spring.
Uplift your mood with plants and flowers
Incorporating elements of nature indoors is a simple yet rejuvenating method to revitalize your living space and elevate your mood. Beyond enhancing visual charm, this natural infusion instills a feeling of energy, rejuvenation, and joy, fostering a renewed sense of vitality within your home.
1. Refresh your space with blooming branches
Spring is the best season for bringing fresh elements into your home, and according to florist Jill Mason of Portland-based plant shop Starflower Passion, blooming branches are her top recommendation. “I adore seasonal blooming branches like dogwood, forsythia, cherry, and quince, with quince being my favorite. Just five to 10 stems in your favorite vase can transform your space with modern simplicity. These branches last for weeks, offering lasting beauty. For another stunning option, consider tulips. With 10 to 30 stems, they bring drama and changing shapes that captivate.”
2. Breathe life into your home with locally grown flowers
“Contact local flower farmers for 100% locally grown blooms; many offer fantastic subscriptions and CSA programs for a variety of stunning arrangements every week,” suggests Lynsea Coy, owner of Coy & Co., a sustainable florist in Portland, OR. “Avoid using floral foam or flowers treated with harmful chemicals like dyes, paints, bleaches, or preservatives, as they are detrimental to the environment and your health. The best way to keep your space alive is to pay tribute to the land you’re occupying by celebrating those that honor and steward it carefully and sustainably.”
3. Create a lush indoor oasis
“Group a few houseplants together in well-lit spaces of your home to create a lush green vibe,” says Hailey Dekle, owner of plant shop Cactus + Co. on Camano Island, WA. “For darker spaces, consider adding greenery that is tolerant of less light like snake plants, ZZ plants, pothos, and aglaonema varieties. We recommend adding at least one plant that blooms in the spring like an Easter cactus, jasmine, or hoya.”
Dekle goes on to share, “As your plants grow, you’ll be able to take cuttings to propagate and add more greenery throughout your space. Repurpose your empty baskets or containers and then check your local plant shop for planters, baskets, and macrame to style your plants.”
4. Choose a variety of plants to add visual interest
Marian Packer, owner of Packer Plant Company, a plant nursery in Klamath Falls, OR, offers insights for the ideal plant placements to enhance visual appeal within your home.
“Snake plants are extremely low-maintenance and look beautiful sitting in a corner in a basket,” shares Packer. “Pothos are a great choice for the top of a cabinet or shelf where the vines can drape down. A peperomia is a pet-safe plant for higher-traffic areas like side tables or entryways. Don’t be afraid to experiment with different varieties of plants until you find exactly what you like.”
5. Start with beginner-friendly plants
For beginners, experimenting with different plants and learning their care needs gradually builds confidence and expertise in nurturing indoor greenery.
“If you’re new to house plants, varieties like philodendron or pothos are great starters, as they thrive with minimal attention and can enhance any room’s ambiance,” explains Cameron Perrin of Shop Pothos, offering house plants delivered to your door. “Plant stands offer a great way to showcase some natural beauty but we also recommend hanging planters or shelves to add a vertical dimension to your space. Incorporating house plants into your home or office does more than just enhance its aesthetic appeal; it also improves air quality, making your home feel fresher and more inviting.”
Elevate your interior design with a touch of springtime freshness
Infuse your space with vibrant energy and rejuvenation to create a more uplifting and inspiring atmosphere. Incorporating elements like bright colors, floral patterns, and natural accents can evoke feelings of joy and renewal, enhancing your overall sense of happiness and well-being within your home.
6. Opt for pastels of vibrant spring hues
Ria Urs, Principal Lead Designer at Interiors By Ria, a luxury interior design firm in Addison, TX, emphasizes the importance of infusing your home with the freshness of the outdoors as spring approaches.
“A simple yet impactful tip is to incorporate greenery and floral arrangements that bring the vibrancy of spring indoors, instantly uplifting any room’s mood,” says Urs. “Swap out those heavy, dark textiles like changing thick, dark-colored winter drapes to sheer, light curtains that let in more sunlight, replacing heavy wool throw blankets with light cotton or linen options in pastel or vibrant spring hues, and switching out dark, dense area rugs with lighter, brighter, or even floral-patterned rugs to add a fresh pop of color and texture to your living spaces.”
7. Choose thoughtful design choices
Life coach Michele Attias discusses how spring presents an ideal moment for mindful rejuvenation of your living space. “Ask yourself, ‘How can I create more happiness in my home?’ Consider rearranging furniture in one room to embrace a fresh layout, pushing the boundaries of comfort and authenticity.
Attias also recommends delving deeper by asking, “‘What is my goal here, and what do I want to open up to in the spring season?’ Embrace the spirit of renewal by designating a wellness area in your home, adorned with plush cushions, a journal, framed inspirational quotes, and scented candles – your sanctuary to connect, meditate and reflect at the end of a busy day.”
8. Consider your surroundings for your home’s interior
“When refreshing your space, think about what’s going on outside and let that inform what you bring into your spaces,” Says Amanda Arcone, owner and designer at New England Home & Interiors. “For a nature-filled environment, maintain serenity by avoiding busy colors and patterns. In urban areas, opt for contemporary elements like glass, bold colors, and interesting lines and curves. In mountainous regions, complement the landscape with nature-inspired hues, such as blues, browns, and whites. Near water, blues, greens, and soft grays are all wonderful palettes. Pay attention to light direction and color preference, aiming to create a mood that fosters peace and joy in your home.”
9. Focus on soft whites and natural elements to create a serene and airy space
Home staging company Gema Designs recommends the following blend of soft hues and natural textures for a sense of tranquility and freshness in your home, perfectly capturing the essence of spring.
“Paint colors such as ‘White Dove’ by Benjamin Moore for walls can instantly brighten a room, while accents in ‘Black Iron’ by Sherwin Williams add depth and contrast,” says Gema Designs. Adding touches of ‘Cottage Grove’ by Magnolia Paint introduces a subtle, earthy tone, complementing the natural beauty of wood finishes and indoor plants. This blend of soft hues and natural textures brings a sense of tranquility and freshness to your home, perfectly capturing the essence of spring.”
10. Less is more when decorating
Heather Krout, interior stylist and decorator of Home with Heather advocates for the art of un-decorating.
“Falling into the common decorating mistake of overcrowding with numerous small items is easy, especially with beloved bunnies and tiny accessories,” says Krout. “However, the key lies in the art of un-decorating, where simplifying reigns supreme. As spring arrives, it’s the ideal time to clear away extra clutter and begin anew. Start by adding one larger scale item as a focal point, introducing a touch of greenery in a vase, and incorporating just one small accessory decor item.”
11. Bring spring indoors with colors, patterns, and florals
Bringing the essence of spring indoors is effortlessly achieved by infusing your décor with its vibrant colors, lively patterns, and delicate florals.
“I like to update my pillows with seasonal colors and patterns, often opting for nature-inspired hues like blues and greens, occasionally adding floral motifs for extra charm,” shares Cristina Lehman, founder and principal designer of C. Lehman Home. “I also enjoy incorporating fresh flowers or greenery from my backyard or the local grocery store to infuse the house with organic vibrancy and color.”
12. Brighten your home with clean windows and greenery
“Before it’s warm enough to start living an indoor-outdoor lifestyle, bring the spring air and light inside your home by giving your windows, screens, and window coverings a good cleaning,” advises principal and CEO Anne Michaelsen Yahn. “Enhance your indoor space with an indoor garden featuring a diverse selection of houseplants. Opt for at least three containers of varying sizes in coordinating colors, each filled with your favorite greenery selections.”
13. Freshen up with decor and accents
“Revitalize your space by thoroughly cleaning and decluttering, removing any items that are no longer essential. This will immediately create a brighter and more spacious atmosphere,” shares Francine Park, owner and designer at interior design studio in Seattle, WA, Freshen Design.
“Update your beddings, decorative pillow covers, curtains, and lampshades with lighter fabrics and colors to infuse the room with a fresh spring vibe. Consider adding a whimsical and colorful polyester area rug to add personality to the space. Bring the outdoors in by incorporating fresh flowers, and consider swapping out a large artwork for a statement moss wall art to embrace the season’s natural elements. Finally, add small Easter decorative items to further enhance the festive ambiance.”
Create a space made for prioritizing inner peace and happiness
Your home should be the space you can escape to amidst the hustle and bustle of daily life. By curating an environment tailored to promote emotional well-being, you invite moments of serenity and contentment into your home.
13. Designate a corner for meditation
“Spring is the perfect time to create or refresh an area in your home dedicated to meditation, a calm down corner (for both grown-ups and kids), or a peaceful respite,” shares stress and anxiety coach Sandra Woznicki. “Even a quiet corner with a few cozy cushions, soft lighting, a small plant, and perhaps some soothing aromatherapy or inspiring artwork can serve as an inviting sanctuary. Cultivating such a space not only makes intentional relaxation more appealing but can also condition your nervous system to relax instinctively upon entering.”
Adding to this perspective, mindfulness coaches Jen and Katie, founders of Awareness of Mind, emphasize the importance of carving out time for meditation. “While many of us aspire to meditate regularly, the busyness of life often gets in the way. By designating a specific area in your home for meditation — whether it’s a corner or a dedicated spot on the sofa — you create a tangible invitation to practice mindfulness daily. Enhance the ambiance with inspirational quotes, calming sounds, and greenery to encourage moments of stillness and connection with your breath.”
15. Embrace the practice of sauca
“Sauca, a fundamental principle in yoga, emphasizes purity, cleanliness, and tidiness in both body and mind,” explains yoga instructor, Christine Chen. “By clearing clutter, eliminating toxins, and shedding bad habits, we pave the way for a healthier, clearer, and more awakened life. This principle extends beyond the self to our living spaces. By purifying our homes through decluttering and thorough cleaning, we create an environment conducive to spiritual practice. Recognizing and addressing habits that contribute to an untidy home can ultimately transform our living spaces to create a dedicated space for spiritual practice – it’s life-changing.”
16. Simplify your space
“Often, our environment is a reflection of the state of our mind so ensuring that we are making time to simplify and create order in our space, we can positively impact our mental health,” states Onnie Michalsky, MA, LCPC Life Coach at Moms Without Capes.
“A cluttered room may contribute to feelings of stress, where we lack a sense of control and put our mind into overdrive. Start small by focusing on a single drawer or filling one small box with items to donate. As you make even the slightest progress, be sure to savor how it feels to let go of that which no longer serves you and know that you are engaging in self-care as you rid yourself of excess stuff, improving your home and your mind.”
17. Create an energy flow for new opportunities
“Clearing clutter from your home initiates a flow of energy, paving the way for new opportunities,” explains Shannon Shine, founder of Shine Time Studios and Wellness. “Take small steps each day to redirect energy to different areas, avoiding the pressure of an overnight transformation. Embrace the gradual renewal of spring by focusing on refreshing one corner at a time, allowing space for relaxation and a stress-free approach. Remember, the process may unfold continuously, symbolizing the evolving journey towards embracing your renewed self.”
Declutter and deep clean for a brighter home
Clearing out clutter and giving your home a deep clean not only creates a brighter, more spacious environment but also lifts your mood and energizes your space.
18. The 3 magic questions to ask yourself
“The first step to revitalizing your wardrobe involves decluttering, which can feel daunting at times,” shares Lili Henry Stylist based in San Francisco, CA. “When assisting clients with wardrobe edits, I introduce three essential questions: Does it fit? If not, it goes. Is it worn out? If yes, it’s out. When was the last time you wore it? If over a year ago, it’s time to bid farewell. By the end of this process, we pinpoint missing pieces to avoid unnecessary purchases and conduct a color analysis to determine their best-suited hues, ensuring they shine in their wardrobe selections.”
21. Start with your entryway
“Begin by refreshing your entryway: replace heavy winter coats with lighter jackets, introduce a colorful doormat, and designate areas for sunglasses and umbrellas,” advises Heather Aiello, founder of The Organized You. “Taking on one zone at a time allows for a smooth and manageable shift, bringing the revitalizing essence of the season into your home.”
19. Conquer the clutter in your closet
“Spring is the perfect time to overhaul your wardrobe but it can be tricky to know where to begin,” acknowledges Jennifer Jones Styling. “Begin by evaluating each item in your wardrobe, assessing how it aligns with your preferences, confidence level, color palette, body shape, and lifestyle. If any pieces fall short of these criteria, consider donating them or selling them to make room for items you truly love. Additionally, take into account the seasonality of each piece; if it’s not suitable for spring and summer, set it aside for future use. This approach ensures that revisiting your wardrobe feels like uncovering a fresh collection when the time is right.”
20. Utilize the hanger hack
Kristi Brooks Pennington, a stylist based in San Diego, CA, and Los Angeles, CA, shares a clever closet decluttering tip. “Align all your hangers in the same direction. Each time you wear an item, rotate the hanger. If a hanger remains unchanged for 12 months, it’s a sign you’re not wearing that piece and it’s ready for donation.”
The ultimate home reset this spring: Final thoughts
By incorporating these strategies to elevate our living spaces, from decluttering and simplifying to infusing nature and prioritizing wellness, we set the stage for a season of joy, contentment, and renewal. Here’s to a spring filled with happiness, harmony, and endless possibilities.