According to the Lost & Found survey by Pixie, nearly one in four Americans misplace their house or car keys twice a week. Having a spare key is quite handy if you find yourself locked out of your apartment.
Where do you hide a spare key when you live in an apartment?
Hiding a spare key in your car or at a house is typically pretty easy, but knowing where to hide a spare key for an apartment is trickier. After all, there aren’t as many nooks and crannies where a spare key can go. Plus, you want to make it easy to find but not obvious to anyone who might be looking for it. However, with a little creativity, there are some great spots where you can hide a spare key for your apartment.
1. Tuck it in your décor
If you routinely decorate your apartment entrance, this could provide an ideal hiding place for your spare key. For instance, you could tape it inside your door knocker or attach it to your wind chimes. If you change out your décor to reflect the season or holidays and tucked your spare key in a wreath or other item, don’t forget to move it from the old décor and place it in the new.
2. Put it in a fake rock along the walkway
Fake rocks are a great option for hiding a spare key for your apartment. However, you shouldn’t place those fake rocks just anywhere — you don’t want to set one near your doorway because it will look out of place, immediately grabbing the attention of would-be thieves. A better location is the landscaping along the walkway to your building or alongside the building. Placing it on the ground among other rocks or under shrubs will camouflage your container. The goal is to make sure it looks natural wherever you place it.
3. Slip it in a magnetic key box under a staircase
Many people often slip a spare car key into a magnetic key box and hide that box somewhere in their car. You can use this same technique by putting your spare apartment key in a magnetic box and hiding it under a metal staircase. Or, you could attach it to the back of a light along the lighted corridor. Another good spot is on the rear of a metal gutter. Essentially, any magnetic surface will work, but make sure it’s not a spot that others may access often. For instance, don’t put it near electrical boxes that may require routine maintenance.
4. Hide it among your outdoor furniture
If you have a patio that’s easily accessible from the exterior of your apartment, you could hide a spare key on the furniture. Tape it under a chair or under your storage box for cushions. Another option is taping it to the underside of your barbecue grill. If you do, check the adhesive on the tape periodically to make sure it’s still securely taped to the grill. A birdhouse is another good hiding spot. Slip your key in there for when you need it, but make sure it’s easy to get out. Just skip the obvious places like under a potted plant or doormat.
5. Stash it under a balcony or deck
For apartment buildings with balconies or decks, you can stash a key in the nooks and crannies underneath the structures. When placing a spare key, check to make sure it won’t fall out easily or get washed away when it rains. Depending on the structure, you might be able to drive a nail into one of the wood posts and hang the key on it.
6. Leave a spare key with your neighbor
If you have a neighbor you know and trust, ask them to keep a spare key to your apartment. Not only will this be handy if you actually lock yourself out of your apartment, but they can help you out if you need someone to put a delivery in your apartment or check on your pets while you’re gone.
Where not to put a spare key for your apartment
When hiding a spare key for your apartment, skip the obvious spots that a would-be burglar may check. These include under the doormat, in or under a potted plant near the door or along the door jam. Although your apartment key would be out of sight, it likely wouldn’t be out of mind for someone trying to gain access to your apartment.
Also, while a fake wall socket or fake clock with a safe can provide a great hiding place, you need to install them in the wall, meaning you’ll need to cut a hole in the wall to place it. If you want to try this option, make sure you talk to your landlord before you make permanent cuts.
The right spot for the spare key for your apartment
Figuring out where to hide a spare key to your apartment might seem difficult at first, but it might be easier than you think. Take a look around your apartment and building and see what good hiding spots you can find. From a metal staircase to a flowerbed to the lights in your hallway, you’ll be surprised at how many places you can find to hide a spare apartment key.
An experienced freelance writer, Karon Warren has covered home and real estate topics for more than 20 years for such outlets as Curbed Atlanta, Apartment Therapy, RealTrends and HotPads.com. She is a member of the American Society of Journalists & Authors.
Nevada is known for its dry climate, untouched natural wonders, and tall, forested mountains. The majority of the state is a plateau, with deep valleys and tall peaks. It has many climate zones, ranging from warm mediterranean in the western part of the state, to vast desert in the south, to high desert in the north.
Weather patterns generally range from dry and hot in metros like Las Vegas,to dry and cooler in areas such as Elko and Genoa. However, throughout the state, weather can often turn into natural disasters, like flooding, wildfires, and heat waves.When these happen, it’s essential to be prepared.
So what are the most common natural disasters in Nevada, how are they changing, and what can you do to prepare? Whether you’re planning a move to Las Vegas or are looking at apartments in Reno, read on for everything you need to know.
1. Nevada drought
Drought is a serious issue in Nevada, which is already the driest state in the US, receiving an average of 9 inches of precipitation per year. The state is one of many in the Colorado River Basin that has been dealing with a long-term “megadrought.” This drought hit a peak in spring 2022, when100% of Nevada’s population was experiencing severe to exceptional drought. This prompted the federal government to enact a tier two water shortage for the state, which is still in place.
The state’s water supply primarily comes from the Colorado River at Lake Mead, which has been shrinking due to chronic overuse and reduced precipitation. To help, Nevada has been working with the other six “basin” states who rely on the Colorado River to reduce water use and prevent an emergency that would require dramatic Federal action. Recently, the Lower Basin States of California, Arizona, and Nevada pledged to save around 1 billion gallons of water by 2026.
Southern Nevada has already adopted extremely strict water conservation measures, reducing water usage by 26 billion gallons compared to 2002, even though its population increased by over 750,000.
Droughts are exacerbated by warmer average temperatures, and can also increase the frequency and severity of other disasters, such as forest fires, dust storms, and heat waves.
How to prepare for drought in Nevada
Because Nevada has been experiencing drought for decades, it’s important to adapt your lifestyle to accommodate lower water use and prepare for future restrictions. For example:
2. Nevada wildfires
Wildfires are a major disaster in Nevada. In fact, from 2000-2018, wildfires burned more than double the number of acres compared to 1980-1999. Recently in 2018, the Martin and Sugarloaf Fires burned nearly 1 million acres. While most wildfires occur in the northern parts of the state, they can happen anywhere.
Most people don’t live within 20 miles of a recent active wildfire, excluding the mountainous cities of Reno and Carson City. However, according to data from First Street Foundation, 60% (733,893) of properties in Nevada are at risk of being affected by a wildfire in the next 30 years. Importantly, only 27% of properties in Las Vegas are at risk of being impacted by a wildfire, with most risk confined to Summerlin South, Enterprise, and nearby areas.
The state’s dry season from May through September (excluding monsoons), combined with parched forests, sets the stage for devastating fires that can spread rapidly. Prolonged drought and heat waves exacerbate the severity of wildfires. The primary causes of wildfires in Nevada are human activity and monsoon lightning. And in southern Nevada, where there are fewer trees, most wildfires are caused by target shooting and fireworks.
Wildfires can also devastate the landscapes and hillsides of northern Nevada, making them more susceptible to flooding, landslides, and mudslides, especially during intense rainfall.
How to prepare for wildfires in Nevada
If you intend to move to Nevada or already live in the Golden State, preparing for wildfires is essential. Here are some tips to help:
Create a defensible space around your property by removing flammable materials and trimming or removing dry vegetation.
Install interior and exterior sprinkler systems, if you have access to enough water and drought restrictions don’t prohibit it.
Install a generator to keep the power running in case of power outages.
Stay updated on fire weather forecasts and follow all fire restrictions.
Prepare for poor air quality by purchasing an air purifier and installing HEPA air filters on air conditioning units.
Build an emergency kit with essentials and valuable documents.
Ensure your insurance adequately covers fire damage, or, if the rising premiums are too high, understand the risks of going uninsured.
Work with your community. This is the most successful way to mitigate fire risk in your neighborhood.
3. Nevada heat waves
Hot, dry weather is common throughout Nevada, especially in the Southern parts of the state, where most of the population lives. Summer temperatures can reach over 100 degrees Fahrenheit throughout the state, especially in July and August. Most recently, during a heatwave in 2023, Las Vegas recorded temperatures above 100 degrees every day in July, with two weeks hitting a daily average temperature of 100.7. The city also hit 110 ten days in a row.
According to First Street Foundation, 66% (1.2 million) of homes in Nevada currently have a Severe Heat Factor, meaning the average daily temperature is at least 95 degrees Fahrenheit for the hottest month of the year. The overwhelming majority of homes at risk are in Clark County, which is home to Las Vegas.
Cities often feel the heat worse than rural areas due to the urban heat island effect. Las Vegas is the worst heat island in the country, experiencing a 5.76 degree difference between urban and rural temperatures. Las Vegas is also the fastest warming city in the US, with average temperatures increasing nearly 6 degrees since 1970.
How to prepare for heat waves in Nevada
Heat waves can be intense and cause health issues, including heat stroke and dehydration. As such, it’s essential to be prepared when they arrive. Here are a few ways to stay cool in extreme heat:
Stay updated on forecasts and advisories.
Prepare a meal plan that doesn’t involve cooking indoors.
Stay hydrated before, during, and after a heat event.
Make sure your air conditioning is functioning properly.
Install a generator in case the power goes out due to strained utility systems.
Limit outdoor activities to the early morning and late evening.
Switch from incandescent to LED light bulbs.
Stock up on lightweight, protective clothing.
Close blinds, shades, and curtains.
4. Nevada flooding
Nevada is known for its dry climate, but it’s actually very prone to flooding. 11% of properties in Nevada have a chance of being severely affected by flooding in the next 30 years, with most located in the mountains and highlands.
Nevada’s flood risk profile is marked by its dry climate, which makes it particularly susceptible to regional and flash floods year-round. Some cities also have a risk of riverine flooding. Recently, in February and March 2023, the winter storms that hit the Sierra Nevadas prompted a disaster declaration in Nevada for flooding, landslides, and mudslides. And, later in the year, an intense late summer monsoon caused flash flooding throughout Clark County.
Nevada is also prone to snowmelt flooding. The Carson Range and nearby peaks in Northwestern Nevada can receive substantial snowfall in the winter, often through winter storms and blizzards. And as temperatures rise in the spring and summer, this snow can melt rapidly, especially during an early heat wave.
How to prepare for flooding in Nevada
In Nevada, preparing for a flood is essential, particularly during sudden intense rain and snowmelt events. Because a large portion of the state is prone to flash flooding, you may not have much time to prepare, so it’s critical to practice and have supplies ready during the spring and summer. Here are a few tips to help:
Familiarize yourself with flood risk maps for your area to see your potential risks.
Consider flood insurance if you’re in a high-risk zone.
Keep emergency supplies on hand, including non-perishable food, water, medications, and important documents.
Elevate valuable items in flood-prone areas of your home, and install sandbags or barriers if necessary.
Invest in flood sensors.
Stay tuned to weather forecasts and alerts, and have a communication plan in place with your family.
5. Nevada earthquakes
Earthquakes are a major risk in Nevada. The state is home to thousands of fault lines, and many regions experience dozens of tiny earthquakes every day. The most notable region is the Walker Lane, which is a trough consisting of thousands of fault lines that pass through most of the Western border of Nevada and into southern California. This is where most geologic activity occurs, although there are notable major faults in the Las Vegas Valley. Reno and Carson City, located along the Walker Lane, are at a particularly high risk, although Las Vegas would suffer far more damage.
There have been 23 earthquakes with a magnitude 6 or greater since the 1840s, with the most recent being the Ridgequest quakes in 2019.
While earthquakes are infrequent, they are by far the most destructive type of disaster in Nevada when they hit. Additionally, Nevada can also be affected by earthquakes with epicenters in California, such as the recent quake in the Sierra Nevadas that was felt in Reno.
How to prepare for earthquakes in Nevada
Earthquakes are irregular but destructive and can cause significant damage to structures, utilities, and water systems. Main shocks can last for minutes, while aftershocks can last for years. They can also strike suddenly, at any time, with only seconds of warning. As such, preparing your home is critical. Here are a few tips to help:
Practice drop, cover, and hold on, so you’re ready when a quake hits.
Purchase earthquake insurance to cover some losses in the event of a quake. This is a separate policy that you purchase in addition to regular homeowners’ insurance. It’s also available to renters.
Make sure you have a durable, charged communication device in case of an emergency.
If you rent, ask your landlord about the building’s seismic history.
Keep your emergency kit stocked, updated, and accessible.
Anchor heavy items to the wall, strap down expensive electronics, and secure small valuables.
Brace your water heater according to state law.
Ensure your gas lines have flexible connections.
If you live in a house built before 1980, it will likely need to be retrofitted. Don’t do this yourself; hire a seismic retrofitting professional.
Final thoughts on natural disasters in Nevada
Nevada’s climate is diverse, dry, and pleasant. Drought, fire, heat, flooding, and earthquakes make it a varied and unpredictable place to live.Many cities in Nevada, especially Las Vegas, continue to be the most popular migration destinations, primarily due to people’s desire for sun. Because of this, the state’s population has increased by over 70,000 since 2020.
If you’re considering moving to Nevada or already call The Silver State home, make sure you’re prepared for natural disasters and long-term weather events. Understanding your risks and adequately preparing are helpful to make the most out of living in Nevada. The National Weather Service and University of Nevada, Reno offer experimental maps that show forecasted and past risks in any given area, which can help you prepare.
Lastly, many natural disasters are worsened by climate change.So no matter how you prepare, reducing your carbon footprint and pushing for systemic change are the best long-term solutions.
This article is for informational purposes only. Individual results may vary. This is not intended as a substitute for the services of a licensed and bonded home services or disaster prevention professional. Always seek expert advice and follow all official guidance before, during, and after a disaster.
If you’re itching to make improvements to your home with hopes of upping your resale value, you may be tempted to renovate your bathroom, kitchen or closets. Although these updates can increase buyer appeal, as well as add to your own enjoyment of your abode, the return on investment for these projects typically is low.
The home improvement projects that will pay back the most aren’t as glamorous, but you’ll recoup more of the expense when you sell your home.
Here are the five projects that offer the most value by boosting your home sale price and allowing you to recover most of the money you spent—possibly even more than you spent—according to the 2015 Remodeling Impact Report by the National Association of the Remodeling Industry and the National Association of Realtors.
1. Replacing your roof
Although putting a new roof on your home may not feel quite as satisfying as upgrading your kitchen appliances or installing a shiny new spa tub, it’s the home improvement with the best return on investment, according to the report. Homeowners who replace their roof can expect to recoup 105% of the value, meaning they’ll actually make money on this project.
The NARI estimates you’ll spend $7,600 to tear off an old roof on a 2,450-square-foot, two-level house; install laminated, architectural asphalt shingles; place new flashing around pipes and chimneys; and install a new ridge vent. The project isn’t cheap, but you can recover $8,000 in costs for your effort.
There’s no need to replace a perfectly good roof, but if yours has wear and tear, it could be a good investment before you sell.
2. Refinishing your hardwood floors
The home renovation project with the second-highest ROI is refinishing your hardwood floors. Transforming dull, scratched wood floors into shiny, good-as-new flooring is a great deal: Homeowners typically recoup 100% of the expenses.
Freshening up scuffed wood flooring in an 18-by-20-foot family room costs approximately $2,500, the NARI estimates, which includes sanding floors to bare wood, refinishing them with polyurethane and adding new matching baseboards. Because homeowners typically are able to gain back the full value of this project when selling their home, it’s a worthwhile project.
3. Upgrading your insulation
An insulation upgrade offers the third-best potential for recovering the value of the project, at 95%. Expect to spend about $2,100 for adding 10 inches of blown-in cellulose insulation to your attic, according to NARI estimates, but you’ll recover approximately $2,000 of that cost. And you’ll lower your energy bills by upgrading your insulation.
4. Installing wood flooring
The NARI estimates that it costs homeowners $5,500 to replace worn carpet with new, solid oak flooring and baseboards in an 18-by-20-foot room. But the value recovered is $5,000—91% of the expense—making it the home improvement project with the fourth-highest ROI. Although you won’t regain the full value when you sell your house, new wood floors can significantly improve the look of your home, boosting buyer appeal.
5. Replacing your garage door
Replacing a creaky, slow garage door with a new one also has relatively high value for homeowners. You won’t recover the full value of the upgrade, an estimated $2,300, but you’ll gain back 87%—that’s $2,000—when you sell your home, the NARI estimates.
Next steps
If you’re ready to kick off some of these projects but don’t have enough cash in your bank account, a cash-out refinance is one way to fund home upgrades. Try NerdWallet’s refinance calculator to see whether that option makes sense for you.
In our latest real estate tech executive interview, we’re speaking with Tom Few from Vivint Smart Home.
Who are you and what do you do?
I’m Tom Few. I’ve been in the smart home industry for the better part of three decades. I’ve spent the past six years helping Vivint Smart Home identify new business opportunities and markets. This led me to my current role as general manager of the multifamily group at Vivint.
As a leader in the smart home technology market, Vivint has been a close friend to the real estate community for 20 years. A few years ago, we recognized rental and multifamily communities as the next frontier of smart home innovation. Today’s renters are savvier than ever and want a modern, services-filled living experience. We purpose-built a suite of products that would make it easier to add smart home technology to both new and existing properties. Vivint Smart Home benefits property operators and exceeds the expectations of modern residents. We also make the leasing process easier for both the leasing agent and the resident.
2. What problem does your product/service solve?
Millennials and centennials are digital natives. As they drive up demand for rental housing, smart home technology is becoming a must-have for any successful property. Millennials are currently the largest living generation and, according to Pew Research, 74 percent of them rent. But they want more than just a home with connected devices — they want a truly intelligent home. Creating a magical smart home experience that will entice them to sign a lease requires more than a smart speaker that plays music and lets them order pizza, and more than just the ability to control their lights and thermostats from their phone. It requires everything working together to make their lives more convenient and efficient.
We launched our solution for the multifamily industry in 2017. Our smart home systems allow a resident to use a single app to control lights, locks and temperature; arm and disarm their security system; and view live video and recorded clips from anywhere.
We also built Vivint Site Manager, an interactive dashboard designed specifically for the time-taxed property manager. The dashboard enables an onsite team to use all the smart home technology in the community to quickly and seamlessly onboard new residents as well as manage service requests and vacant apartment homes. However, our suite of services doesn’t stop there. Only Vivint offers Smart Home as a Service. This includes handling the installation and all ongoing service needs for every system we install.
3. What are you most excited about right now?
When we introduced Vivint to the multifamily industry in 2017, we had to spend a lot of time educating property owners and managers—and their leasing agents—on the benefits of smart home technology. We had the opportunity to shape the conversation and we’re honored to continue that conversation and drive even more innovation in the industry.
4. What’s next for you?
We just introduced zero down financing to help property owners and managers add smart home technology to their properties with no upfront cost. Nearly any property owner or manager can now afford smart home, whether for a new build or to retrofit existing properties. This dramatically increases access to smart home technology and levels the playing field for the multifamily community.
We’ve also spent a lot of time perfecting the resident and property manager experiences with our technology. Now that we’ve nailed those important pieces down, we’re looking outside the individual apartment homes to make entire properties smart.
5. What’s a cause you’re passionate about and why?
I began coaching girls’ softball several years ago when my daughter started playing. She’s moved on to something new, but I continue to coach because I love the opportunity it gives me to help instill confidence, focus and a sense of community in the young women who will help shape our future. I’m also very involved in Vivint Gives Back, Vivint’s charitable foundation that focuses on helping children with intellectual and developmental disabilities. Among a lot of other things, we build special sensory rooms for children with autism in schools and homes and package hundreds of thousands of meals for children with disabilities in third world countries.
Thanks to Tom for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).
Whoa, have you seen what just happened to interest rates!?
Suddenly, after at least fourteen years of our financial world being mostly the same, somebody flipped over the table and now things are quite different.
Interest rates, which have been gliding along at close to zero since before the Dawn of Mustachianism in 2011, have suddenly shot back up to 20-year highs.
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Which brings up a few questions about whether we need to worry, or do anything about this new development.
Is the stock market (index funds, of course) still the right place for my money?
What if I want to buy a house?
What about my current house – should I hang onto it forever because of the solid-gold 3% mortgage I have locked in for the next 30 years?
Will interest rates keep going up?
And will they ever go back down?
These questions are on everybody’s mind these days, and I’ve been ruminating on them myself. But while I’ve seen a lot of play-by-play stories about each little interest rate increase in the financial newspapers, none of them seem to get into the important part, which is,
“Yeah, interest rates are way up, butwhat should I do about it?”
So let’s talk about strategy.
Why Is This Happening, and What Got Us Here?
Interest rates are like a giant gas pedal that revs the engine of our economy, with the polished black dress shoe of Federal Reserve Chairman Jerome Powell pressed upon it.
For most of the past two decades, Jerome’s team and their predecessors have kept the pedal to the metal, firing a highly combustible stream of easy money into the system in the form of near-zero rates. This made mortgages more affordable, so everyone stretched to buy houses, which drove demand for new construction.
It also had a similar effect on business investment: borrowed money and venture capital was cheap, so lots of entrepreneurs borrowed lots of money and started new companies. These companies then rented offices and built factories and hired employees – who circled back to buy more houses, cars, fridges, iPhones, and all the other luxurious amenities of modern life.
This was a great party and it led to lots of good things, because we had two decades of prosperity, growth, raising our children, inventing new things and all the other good things that happen in a successful rich country economy.
Until it went too far and we ended up with too much money chasing too few goods – especially houses. That led to a trend of unacceptably fast Inflation, which we already covered in a recent article.
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So eventually, Jay-P noticed this and eased his foot back off of the Easy Money Gas Pedal. And of course when interest rates get jacked up, almost everything else in the economy slows down.
And that’s what is happening right now: mortgages are suddenly way more expensive, so people are putting off their plans to buy houses. Companies find that borrowing money is costly, so they are scaling back their plans to build new factories, and cutting back on their hiring. Facebook laid off 10,000 people and Amazon shed 27,000.
We even had a miniature banking crisis where some significant mid-sized banks folded and gave the financial world fears that a much bigger set of dominoes would fall.
All of these things sound kinda bad, and if you make the mistake of checking the news, you’ll see there is a big dumb battle raging as usual on every media outlet. Leftists, Right-wingers, and anarchists all have a different take on it:
It’s the President’s fault for printing all that money and running up the debt! We should have Fiscal Discipline!
No, it’s the opposite! The Fed is ruining the economy with all these rate rises, we need to drop them back down because our poor middle class is suffering!
What are you two sheeple talking about? The whole system is a bunch of corrupt cronies and we shouldn’t even have a central bank. All hail the true world currency of Bitcoin!!!
The one thing all sides seem to agree on is that we are “experiencing hard economic times” and that “the country is headed in the wrong way”.
Which, ironically, is completely wrong as well – our unemployment rate has dropped to 50-year lows and the economy is at the absolute best it has ever been, a surprise to even the most grounded economists.
The reality? We’re just putting the lid back onto the ice cream carton until the economy can digest all the sugar it just wolfed down. This is normal, it happens every decade or two and it’s no big deal.
Okay, but should I take my money out of the stock market because it’s going to crash?
This answer never changes, so you’ll see it every time we talk about stock investing: Holy Shit NO!!!
The stock market always goes up in the long run, although with plenty of unpredictable bumps along the way. Since you can’t predict those bumps until after they happen, there is no point in trying to dance in and out of it.
But since we do have the benefit of hindsight, there are a few things that have changed slightly: From its peak at the beginning of 2022 until right now (August 2023 as I write this), the overall US market is down about 10%. Or to view it another way, it is roughly flat since June 2021, so we’ve seen two years with no gains aside from total dividends of about 3%.
Since the future is always the same, unknowable thing, this means I am about 10% more excited about buying my monthly slice of index funds today than it was at the peak.
Should I start putting money into savings accounts instead because they are paying 4.5%?
This is a slightly trickier question, because in theory we should invest in a logical, unbiased way into the thing with the highest expected return over time.
When interest rates were under 1%, this was an easy decision: stocks will always return far more than 1% over time – consider the fact that the annual dividend payments alone are 1.5%!
But there has to be some interest rate at which you’d be willing to stop buying stocks and prefer to just stash it into the stable, rewarding environment of a money market fund or long-term bonds or something else similar. Right now, if a reputable bank offered me, say, 12% I would probably just start loading up.
But remember that the stock market is also currently running a 10% off sale. When the market eventually reawakens and starts setting new highs (which it will someday), any shares I buy right now will be worth 10% more. And then will continue going up from there. Which quickly becomes an even bigger number than 12%.
In other words, the cheaper the stocks get, the more excited we should be about buying them rather than chasing high interest rates.
As you can see, there is no easy answer here, but I have taken a middle ground:
I’m holding onto all the stocks I already own, of course
BUT since I currently have an outstanding margin loan balance for a house I helped to buy with several friends (yes this is #3 in the last few years!), I am paying over 6% on that balance. So I am directing all new income towards paying down that balance for now, just for peace of mind and because 6% is a reasonable guaranteed return.
Technically, I know I would probably make a bit more if I let the balance just stay outstanding, kept putting more money into index funds, and paid the interest forever, but this feels like a nice compromise to me
What if I want to Buy a House?
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For most of us, the biggest thing that interest rates affect is our decisions around buying and selling houses. Financing a home with a mortgage is suddenly way more expensive, any potential rental house investments are suddenly far less profitable, and keeping our old house with a locked-in 3% mortgage is suddenly far more tempting.
Consider these shocking changes just over the past two years as typical rates have gone from about 3% to 7.5%.
Assuming a buyer comes up with the average 10% down payment:
The monthly mortgage payment on a $400k house has gone from about $1500 at the beginning of 2022 last year to roughly $2500 today. Even scarier, the interest portion of that monthly bill has more than doubled, from $900 to $2250!
For a home buyer with a monthly mortgage budget of $2000, their old maximum house price was about $500,000. With today’s interest rates however, that figure has dropped to about $325,000
Similarly, as a landlord in 2022 you might have been willing to pay $500k for a duplex which brought in $4000 per month of gross rent. Today, you’d need to get that same property for $325,000 to have a similar net cash flow (or try to rent each unit for a $500 more per month) because the interest cost is so much higher.
And finally, if you’re already living in a $400k house with a 3% mortgage locked in, you are effectively being subsidized to the tune of $1000 per month by that good fortune. In other words, you now have a $12,000 per year disincentive to ever sell that house if you’ll need to borrow money to buy a new one. And you have a potential goldmine rental property, because your carrying costs remain low while rents keep going up.
This all sounds kind of bleak, but unfortunately it’s the way things are supposed to work – the tough medicine of higher interest rates is supposed to make the following things happen:
House buyers will end up placing lower bids which fit within their budgets.
Landlords will have to be more discerning about which properties to buy up as rentals, lowering their own bids as well.
Meanwhile, the current still-sky-high prices of housing should continue to entice more builders to create new homes and redevelop and upgrade old buildings and underused land, because high prices mean good profits. Then they’ll have to compete for a thinner supply of home buyers.
The net effect of all this is that prices should stop going up, and ideally fall back down in many areas.
When Will House Prices Go Back Down?
This is a tricky one because the real “value” of a house depends entirely on supply and demand. The right price is whatever you can sell it for. However, there are a few fundamentals which influence this price over the long run because they determine the supply of housing.
The actual cost of building a house (materials plus labor), which tends to just stay pretty flat – it might not even keep up with inflation.
The value of the underlying land, which should also follow inflation on average, although with hot and cold spots depending on which cities are popular at the time.
The amount of bullshit which residents and their city councils impose upon house builders, preventing them from producing the new housing that people want to buy.
The first item (construction cost) is pretty interesting because it is subject to the magic of technological progress. Just as TVs and computers get cheaper over time, house components get cheaper too as things like computerized manufacturing and global trade make us more efficient. I remember paying $600 for a fancy-at-the-time undermount sink and $400 for a faucet for my first kitchen remodel in the year 2001. Today, you can get a nicer sink on Amazon for about $250 and the faucet is a flat hundred. Similarly, nailguns and cordless tools and easy-to-install PEX plumbing make the process of building faster and easier than ever.
On the other hand, the last item (bullshit restrictions) has been very inflationary in recent times. I’ve noticed that every year another layer of red tape and complicated codes and onerous zoning and approval processes gets layered into the local book of rules, and as a result I just gave up on building new houses because it wasn’t worth the hassle. Other builders with more patience will continue to plow through the murk, but they will have less competition, fewer permits will be granted, and thus the shortage of housing will continue to grow, which raises prices on average.
Thankfully, every city is different and some have chosen to make it easier to build new houses rather than more difficult. Even better, places like Tempe Arizona are allowing good housing to be built around people rather than cars, which is even more affordable to construct.
But overall, since overall US house prices adjusted for inflation are just about at an all-time high, I think there’s a chance that they might ease back down another 25% (to 2020 levels). But who knows: my guess could prove totally wrong, or the “fall” could just come in the form of flat prices for a decade that don’t keep up with inflation, meaning that they just feel 25% cheaper relative to our higher future salaries.
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When Will Interest Rates Go Back Down?
The funny part about our current “high” interest rates is that they are not actually high at all. They’re right around average.So they might not go down at all for a long time.
Remember that graph at the beginning of this article? I deliberately cropped it to show only the years since 2009 – the long recent period of low interest rates. But if you zoom out to cover the last seventy years instead, you can see that we’re still in a very normal range.
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But a better answer is this one: Interest rates will go down whenever Jerome Powell or one of his successors determines that our economy is slowing down too much and needs another hit from the gas pedal. In other words, whenever we start to slip into a genuine recession.
In order to do that however, we need to see low inflation, growing unemployment, and other signs of an economy that’s not too hot. And right now, those things keep not showing up in the weekly economic data.
You can get one reasonable prediction of the future of interest rates by looking at something called the US Treasury Yield Curve. It typically looks like this:
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What the graph is telling you is that as a lender you get a bigger reward in exchange for locking up your money for a longer time period. And way back in 2018, the people who make these loans expected that interest rates would average about 3.0 percent over the next 30 years.
Today, we have a very strange opposite yield curve:
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If you want to lend money for a year or less, you’ll be rewarded with a juicy 5.4 percent interest rate. But for two years, the rate drops to 4.92%. And then ten-year bond pays only 4.05 percent.
This situation is weird, and it’s called an inverted yield curve. And what it means is that the buyers of bonds currently believe that interest rates will almost certainly drop in the future – starting a little over a year from now.
And if you recall our earlier discussion about why interest rates drop, this means that investors are forecasting an economic slowdown in the fairly near future. And their intuition in this department has been pretty good: an inverted yield curve like this has only happened 11 times in the past 75 years, and in ten of those cases it accurately predicted a recession.
So the short answer is: nobody really knows, but we’ll probably see interest rates start to drop within 18-24 months, and the event may be accompanied by some sort of recession as well.
The Ultimate Interest Rate Strategy Hack
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I like to read and write about all this stuff because I’m still a finance nerd at heart. But when it comes down to it, interest rates don’t really affect long-retired people like many of us MMM readers, because we are mostly done with borrowing. I like the simplicity of owning just one house and one car, mortgage-free.
With the current overheated housing market here in Colorado, I’m not tempted to even look at other properties, but someday that may change. And the great thing about having actual savings rather than just a high income that lets you qualify for a loan, is that you can be ready to pounce on a good deal on short notice.
Maybe the entire housing market will go on sale as we saw in the early 2010s, or perhaps just one perfect property in the mountains will come up at the right time. The point is that when you have enough cash to buy the thing you want, the interest rates that other people are charging don’t matter. It’s a nice position of strength instead of stress. And you can still decide to take out a mortgage if you do find the rates are worthwhile for your own goals.
So to tie a bow on this whole lesson: keep your lifestyle lean and happy and don’t lose too much sweat over today’s interest rates or house prices. They will probably both come down over time, but those things aren’t in your control. Much more important are your own choices about earning, saving, healthy living and where you choose to live.
With these big sails of your life properly in place and pulling you ahead, the smaller issues of interest rates and whatever else they write about in the financial news will gradually shrink down to become just ripples on the surface of the lake.
In the comments:what have you been thinking about interest rates recently? Have they changed your decisions, increased, or perhaps even decreased your stress levels around money and housing?
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* Photo credit: Mr. Money Mustache, and Rustoleum Ultra Cover semi gloss black spraypaint. I originally polled some local friends to see if anyone owned dress shoes and a suit so I could get this picture, with no luck. So I painted up my old semi-dressy shoes and found some clean-ish black socks and pants and vacuumed out my car a bit before taking this picture. I’m kinda proud of the results and it saved me from hiring Jerome Powell himself for the shoot.
California is known for its varied, lush landscapes, rich history, and high quality of life. It has 16 climate zones, ranging from dry desert basins and coastal hills, to snowy peaks and ancient forests. There’s a climate for everyone in California, which has made it a very appealing place to live.
Weather patterns generally range from mild and wet in coastal metros like San Francisco, to more dry and extreme in southern and mountainous cities like Palm Springs and Truckee. However, weather can often turn into natural disasters like flooding, heat waves, and wildfires. When these happen, it’s essential to be prepared. So what are the most common natural disasters in California, how are they changing, and what can you do to prepare? Whether you’re planning a move to San Diego or are looking at apartments in San Jose, read on for everything you need to know.
1. California wildfires
Wildfires are the major disaster in California and have catastrophic impacts. They are by far the most common and destructive type of disaster in the state, and most years, California leads the nation in wildfires and acres burned. Most recently, the August Complex and Dixie Fires burned nearly 2 million acres.These fires cost hundreds of millions of dollars to fight, and created dangerous air quality across the Western US.
California is also unique in how frequently fires affect people’s homes. From 2000-2019, over 70% of people living within the perimeter of wildfires in the US lived in California. Additionally, according to data from First Street Foundation, 71% (8.15 million) of properties in the state are at risk of being affected by wildfires.
The state’s dry season from spring through late autumn, combined with parched forests throughout the state, sets the stage for devastating fires that can spread incredibly quickly. Prolonged drought, heat waves, and windy weather are the primary causes of wildfires, which are becoming increasingly common as climate change progresses. Aging electrical infrastructure also plays a role.
Wildfires can also devastate landscapes and hillsides, making them more susceptible to flooding, landslides, and mudslides.
How to prepare for wildfires in California
If you’re planning on moving to California or already live in the Golden State, preparing for wildfires is essential. Here are key tips to help:
Create a defensible space around your property by removing flammable materials and trimming or removing dry vegetation.
Develop an emergency plan that includes evacuation routes and a communication strategy.
Install interior and exterior sprinkler systems, if you have access to enough water.
Install a generator to keep the power running in case of power outages.
Stay updated on fire weather forecasts and follow all fire restrictions.
Prepare for poor air quality by purchasing an air purifier and installing HEPA air filters on air conditioning units.
Assemble an emergency kit with essentials and valuable documents.
Ensure your insurance adequately covers fire damage, or, if the rising premiums are too high, understand the risks of going uninsured. Unfortunately, due to more frequent disasters, high interest rates, and a desire for less regulation, many insurance companies are no longer offering insurance to homeowners in California.
Collaborate with your community to prevent fires. This is the most successful way to mitigate fire risk in your neighborhood.
2. California drought
Drought has been a severe issue in California for decades. From 2011 to 2022, the issue was extremely acute as reservoirs were drying up, prompting many water conservation regulations. California is one of many Southwestern states dealing with a megadrought that has plagued the region since 1990, primarily due to rising average temperatures and significantly reduced rainfall.
However, because of record snowfall and a wet spring in 2023, most of California is no longer experiencing a drought. That said, this will likely be short-lived due to climate change, chronic groundwater overuse, and a declining Colorado River.
Droughts differ from other natural disasters because they are often long-term events, rather than flooding or snowstorms that will generally pass in a day to a few weeks. However, the effects can be dramatic and significantly alter daily life. For example, some towns in the San Joaquin Valley have no access to fresh water and must rely on private companies and bottled water.
Droughts can also increase the frequency and severity of other disasters, such as forest fires, dust storms, and heat waves.
How to prepare for drought in California
Because drought has already existed in California for decades, it’s important to adapt your lifestyle to accommodate lower water use and prepare for future restrictions. For example:
3. California flooding
California is known for its pleasant weather, but it’s actually very prone to flooding. In fact, from 1950-2017, floods prompted the second most disaster declarations, after wildfires. Floods have also affected people; 23% of properties in California have a chance of being severely damaged by flooding in the next 30 years.
A large portion of California is susceptible to flooding because much of it lies in an old lakebed and subsequent drainage areas. For example, a large portion of the Central Valley lies in an ancient lakebed that helped drain the Sierra Nevadas. Due to urbanization, dams, and agriculture, the lake was slowly drained and parts of it remain as dangerous floodplains during wet years.
In California, flooding is generally caused by dramatic rainfall, dam failures, snowmelt, and high tides. Most recently, from October 2022 to March 2023, California was battered by 31 atmospheric rivers, bringing record rainfall and snowpack to the state. While this dramatically improved the state’s drought outlook, it caused flooding and widespread damage. Flooding continued into the spring as the massive snowpack began to melt.
Climate change is causing precipitation in California to fall more irregularly but intensely, leading to more flooding.
How to prepare for flooding in California
Flood risks are different throughout the state, and preparation varies depending on where you live. For example, San Francisco and Sacramento are more susceptible to riverine flooding and levee failure, while Los Angeles is prone to flash flooding. Regardless, here are a few tips to help you prepare for floods:
Review the flood risk map for your area to see your potential risks.
Consider flood insurance if you’re in a high-risk zone.
Keep emergency supplies on hand, including non-perishable food, water, medications, and important documents.
Elevate valuable items in flood-prone areas of your home, and install sandbags or barriers if necessary.
Stay tuned to weather forecasts and alerts, and have a communication plan with your family.
4. California landslides and mudslides
Landslides pose a significant risk to homeowners in California. They are a particularly bad natural disaster in regions with steep terrain, on the coast, and areas that have been affected by wildfires. Factors such as heavy rainfall, earthquakes, rapid snowmelt, and even construction or excavation can trigger landslides. Mudslides are similar to landslides and can develop in tandem or on their own after heavy rainfall or snowmelt. Importantly, mudslides are generally caused by weather events, as opposed to landslides which can be caused by naturally shifting rock.
Many areas of Southern California are at a higher risk of landslides and mudslides due to more severe fires followed by heavier rains. And as the fire season gets longer and the rainy season gets shorter but more intense, this is expected to worsen. Small landslides will now likely occur throughout the state every year, while major landslides are expected every 10-13 years.
How to prepare for mudslides in California
The most important part of preparing for a landslide is thinking ahead and familiarizing yourself with the landscape. Importantly, don’t build a home or structure near steep slopes, close to mountain edges, or along natural erosion valleys. This helps you minimize your risk without retrofitting or additional procedures. Here are some additional tips to help:
Consult a professional for retrofitting, such as flexible pipe fittings.
Plant ground cover on slopes, and build retaining walls around your property.
Build channels or deflection walls to direct mudflow around your home. However, if you build walls that direct flow into a neighbor’s property, you may be liable for damages.
Consider purchasing additional insurance coverage, as standard homeowners insurance policies generally don’t cover damage from landslides or mudslides. If the landslide was the result of an earthquake or flooding, earthquake insurance or flood insurance may cover it.
Stay alert during periods of heavy rain or seismic activity and follow any warnings from local authorities.
Recognize warning signs, such as new or widening cracks in your home’s structure, bulging ground, or unusual sounds.
5. California snowstorms and blizzards
Winter storms and blizzards are significant concerns in California, especially in the Sierra Nevadas. Recently, in February and March 2023, a string of storms brought many feet of snow to a majority of the state, prompting blizzard warnings throughout the state, including San Diego and Los Angeles counties. However, even though the storms were destructive, they helped increase the state’s snowpack to a record high.
In California, snowstorms often come from atmospheric rivers hitting the tall Sierra Nevada mountains. Sometimes, storms can also affect the San Gabriel and San Bernardino mountains. These can bring many feet of snow over the course of a few hours to days, leading to road closures, power outages, downed trees, stranded travelers, and limited access to emergency services.
Snowstorms can also turn into blizzards, which means that there are high sustained winds and low visibility (below ¼ of a mile for at least three hours).
How to prepare for snowstorms and blizzards in California
Preparing for severe winter weather events is crucial to ensuring your safety and minimizing impact on your home and family. Here are a few tips to help you prepare for winter:
The first thing you should do is winterize your home by inspecting your roof, clearing gutters, cleaning your chimney, insulating your attic, checking your heating system, and insulating your pipes.
Update your emergency kit to include extra warmth.
Keep a supply of firewood or alternative heating sources in case the power goes out.
Equip your vehicle with chains, extra blankets, a shovel, and emergency supplies.
Stay updated on weather forecasts and make sure you have a reliable method of communication.
6. California earthquakes
Earthquakes are a major risk in California. The state is home to over 15,700 fault lines, and many regions experience dozens of tiny earthquakes every day. If you move to the state, you’ll likely live within 30 miles of an active fault zone. Additionally, many Californians are anxiously awaiting the next “Big One,” which is predicted to occur along the southern section of the San Andreas Fault and would likely be devastating.
There have been 16 notable earthquakes since 2010, with the most recent being the Ferndale quake in 2022. The California State Government offers an interactive map that shows all fault lines in the state, along with cities at risk. If you’re planning on moving to California and want to avoid areas at risk of shaking, use this map to help.
How to prepare for earthquakes in California
Earthquakes are irregular but destructive and can cause significant damage to structures, utilities, and water systems. Main shocks can last for minutes, while aftershocks can last for years. They can also strike suddenly, at any time, with only seconds of warning, so preparing your home is critical. Here are a few tips to help:
Purchase earthquake insurance to cover some losses in the event of a quake. This is a separate policy that you purchase in addition to regular homeowners’ insurance. It’s also available to renters.
Download the MyShake App and make sure you have a durable, charged communication device in case of an emergency.
If you rent, ask your landlord about the building’s seismic history.
Practice drop, cover, and hold on, so you are ready when a quake hits.
Keep your emergency kit stocked, updated, and accessible.
Anchor heavy items to the wall, strap down expensive electronics, and secure small valuables.
Brace your water heater according to state law
Ensure your gas lines have flexible connections.
If you live in a house built before 1980, it will likely need to be retrofitted. Don’t do this yourself; hire a seismic retrofitting professional.
If you live near the coast, you should also prepare for a possible tsunami following an earthquake. Understand your evacuation routes and be on the watch for official warnings.
Final thoughts on natural disasters in California
California’s climate is known as the land of extremes. Winter storms, summer heat, earthquakes, landslides, drought, wind, and more make it a varied and unpredictable place to live. While it has historically been one of the top migration destinations, recently, it’s a state many people are moving out of (partly due to the high cost of living in coastal cities). Because of this, the state’s population has declined by over 1.5% since 2020.
If you’re considering moving to California or already call the Golden State home, make sure you’re prepared for natural disasters and long-term weather events. Understanding your risks and adequately preparing are helpful to make the most out of living in California. The National Weather Service also offers an experimental map that shows all forecasted risks for the upcoming seven days.
Lastly, many natural disasters are worsened by climate change.So no matter how you prepare, reducing your carbon footprint and fighting for systemic change are the best long-term solutions.
This article is for informational purposes only. Individual results may vary. This is not intended as a substitute for the services of a licensed and bonded home services or disaster prevention professional. Always seek expert advice and follow all official guidance before, during, and after a disaster.
self-expression, color and creativity. Does orange make you smile? Dress your kitchen in the happy hue. Love a variety of styles? Do a mashup.
The look goes by many names. Fashion writer Dawnn Karen referenced the feel-good brain chemical in her book “Dress Your Best Life,” holding that “dopamine dressing” — wearing clothes in your own, individual style — gives you positive feelings.
Decorators and influencers say the same thing happens when we throw out old decor rules and step into a space adorned with personal touches. We’re more relaxed. More creative.
People are asking themselves what colors and patterns they really love, “and then bringing those features into their spaces — even if it goes against conventional decorating advice or what they might have seen online 10 years ago,” says Lauren Phillips, associate director of special projects at Better Homes & Gardens.
‘BARKITECTURE’ AND OTHER WAYS TO USE A ROOM
The trend toward making rooms more comfortable, functional and personal gained steam during the pandemic, when many people were homebound. And it continues to grow, Phillips says.
“Unused guest rooms are home offices. Formal dining rooms become craft spaces. And ‘barkitecture’ is having a moment — installing dog baths and other pet-specific features,” she says.
Decor is awash in aesthetic “cores” — Barbiecore, cottagecore, coastal grandma, mermaidcore.
“But I don’t take it to mean we’re bouncing from trend to trend super quickly. To me, it means people are defining their own style, and really getting to the root of the designs they love, even if that’s a little more colorful, kitschy or funky,” says Phillips.
SOCIAL MEDIA HAS LOOSENED THE CREATIVE REINS
There’s lots of inspiration on the internet. “If, 15 years ago, we all wanted the picture-perfect kitchen we saw online, today it’s all about taking a trend or beautiful interior that you see on TikTok or Instagram and pulling out the details you love,” says Phillips.
“Gen Z is on the cusp of becoming our new homeowner,” says Amanda Kruse of Upspring PR, a New York-based marketing firm for real estate, design and interiors.
And they’re more likely to mix styles for a personal spin, she says.
ARTSY ELEMENTS
Emilie Munroe began designing a San Francisco family’s Victorian home by leafing through a sheaf of torn-out magazine images from the client.
“We knew immediately our design should exude happiness and inspire curiosity,” says Munroe.
A tiny powder room got an exuberant pink-and-black, animal-print wallpaper. In a tight hallway next to a window, there’s a kaleidoscopic wallpaper, an abstract rug and a Basquiat-patterned chair.
London-based design editor Cara Gibbs, meanwhile, has noticed the free-wheeling use of paint.
“I feel like it used to be wacky to paint a room pink from top to bottom, but now the application of these bright, poppy palettes is chic, interesting and most importantly very livable. I’m here for it!” she says.
So is Massachusetts designer Nicole Hirsch. She’s put a zingy green — she calls it “alligator” — on a bathroom ceiling. Tangerine on a playroom ceiling. Cobalt blue, lipstick pink and chrome yellow add lively punches on furnishings.
HIDEAWAYS
In her own California home, designer Alison Pickart has the kind of roomy closet that storage-challenged homeowners would envy. But she saw value in a different use.
“It was a hall closet, but with its generous size and great natural light from a back window, I just felt like the space could be ‘more,’” she says.
So she turned it into a little “phone room” for herself. “It seemed like the perfect size and place to escape, with some privacy to make a call.”
Clara Jung of Banner Day Interiors worked with clients on a San Francisco ranch house that’s full of big, airy spaces. But nudge the secret panel in the living room bookcase and you’ll find a cozy, color-saturated, album-lined music den. There’s a vintage wood bar and a sprawl-worthy crimson rug.
“The homeowners are avid LP collectors,” she says, “and the husband’s a musician.”
Jung was ready to install a door when the clients suggested creating the secret entrance instead. “We loved the idea!” she says. “It’s the perfect escape for an audiophile.”
Maybe that’s the new decorating rule: Create your own “perfect escape.”
Arizona is known for its dry, warm weather and scenic desert vistas. It has a wide range of climate zones, from dry desert basins, to tall, snowy highlands. This has made the state a very appealing place to live, especially during the spring and fall.
Weather is typically on the extreme end throughout the state, from hot summers in Phoenix to cold winters in Flagstaff and the nearby Grand Canyon. However, sometimes these extremes turn into natural disasters, ranging from extreme heat to flash floods. When these happen, it’s essential to be prepared.
So what are the most common natural disasters in Arizona, how are they changing, and what can you do to prepare if you live in the state? Whether you already own a home in Scottsdale or are looking at apartments in Tucson, read on for everything you need to know.
1. Arizona heat waves
Hot, dry weather is common throughout Arizona, especially in the Southern parts of the state, where most of the population lives. Summer temperatures often reach well over 100 degrees Fahrenheit in Phoenix, and in July 2023, temperatures were above 110 degrees for a record 31 straight days.
According to First Street Foundation, nearly 53% (1.7 million) of homes in Arizona currently have an Extreme Heat Factor, meaning the average daily temperature is at least 104 degrees Fahrenheit for the hottest month of the year. This is expected to grow.
Cities often feel the heat worse than other areas due to the urban heat island effect. Phoenix, for example, can be 10-15 degrees Fahrenheit warmer in the evenings than nearby rural areas. The state government is taking an active role in mitigating this issue, such as utilizing cooling technologies and incorporating more native plants.
How to prepare for Arizona heat waves
Heat waves can be intense and last for days, so preparing is essential. Here are a few ways to stay cool in extreme heat:
Stay updated on forecasts and advisories.
Prepare a meal plan that doesn’t involve cooking indoors.
Stay hydrated before, during, and after a heat event.
Make sure your air conditioning is functioning properly.
Switch from incandescent to LED light bulbs.
Stock up on lightweight, protective clothing.
Close blinds, shades, and curtains.
2. Arizona drought
Arizona is especially sensitive to drought, even during average rainfall years. Unfortunately, much of the state is currently dealing with a long-term drought that has been affecting the Southwestern US since 1990. This “megadrought” is due to rising average temperatures and significantly reduced rainfall, which has been exacerbated by human-caused climate change.
Droughts are complicated events that are usually the result of dozens of factors. In Arizona, the primary factors have been reduced rainfall and a shrinking Colorado River, which supplies 36% of Arizona’s water.
Droughts are different from other natural disasters because they are usually long-term events, rather than flooding or dust storms that will generally pass in a day. However, the effects can be dramatic and significantly alter daily life. For example, the Arizona government was recently forced to limit or halt new construction projects around Phoenix due to lack of available groundwater.
Droughts can also increase the frequency and severity of other disasters, such as forest fires, dust storms, and heat waves.
How to prepare for Arizona drought
Because drought has been in place in Arizona for decades already, it’s important to adapt your lifestyle to accommodate lower water use and prepare for future restrictions. For example:
3. Arizona wildfires
Wildfires are common in Arizona. In fact, 74% of properties are at risk of being affected by a wildfire within the next 30 years, one of the highest percentages in the country.
The state’s hot and dry climate, combined with forested mountains in the northern parks of the state, sets the stage for potentially devastating fires. Prolonged droughts, scorching temperatures, and intermittent high winds create a recipe for ignition and rapid fire spread.
The risk of wildfires is worse in May and June until the monsoon season arrives. This is usually when it’s hottest and driest, which helps fuel monsoon activity but leads to dangerous conditions for weeks to months until rain comes.
Wildfires can also lead to parched landscapes, which makes them more susceptible to flooding.
How to prepare for Arizona wildfires
In Arizona, preparing your home and yourself for wildfires is crucial, especially during the summer. Here are a few tips to prepare:
Create a defensible space around your property by removing flammable materials and trimming or removing dry vegetation.
Develop an emergency plan that includes evacuation routes and a communication strategy.
Stay updated on fire weather forecasts and adhere to fire restrictions.
Assemble an emergency kit with essentials and valuable documents.
Ensure your insurance adequately covers fire damage, or if the rising premiums are too high, understand the risks of going uninsured.
Collaborate with your community to prevent fires. This is the most successful way to mitigate fire risk in your neighborhood.
4. Arizona flooding
Arizona is a relatively dry state, but flooding is actually a major threat; 18% of properties are at risk of flooding in the next 30 years. Arizona’s flood risk profile is marked by its arid climate, which makes it particularly susceptible to regional and flash floods despite its reputation for low rainfall. The state is also home to many rivers, mountains, and valleys, which can lead to flooding.
Much of the state’s rugged topography, concrete cities, and dry soil cannot easily absorb sudden heavy downpours, causing water to rush across the surface and overwhelm drainage systems. Even sporadic, intense rainfall events in the highlands during the summer monsoon season can trigger devastating flash floods that pose serious threats to communities and infrastructure.
How to prepare for Arizona flooding
In Arizona, being prepared for flooding is essential, particularly during sudden intense rain and snowmelt events. Because Arizona is prone to flash flooding, you may not have much time to prepare, so it’s critical to practice and have supplies ready during the spring and summer. Here are a few tips to help:
Familiarize yourself with flood risk maps for your area to see your potential risks.
Consider flood insurance if you’re in a high-risk zone.
Keep emergency supplies on hand, including non-perishable food, water, medications, and important documents.
Elevate valuable items in flood-prone areas of your home, and install sandbags or barriers if necessary.
Stay tuned to weather forecasts and alerts, and have a communication plan in place with your family.
5. Arizona dust storms
Arizona is renowned for its breathtaking landscapes and arid climate, but it also faces the looming threat of dust storms, known as “haboobs.” The state’s arid desert terrain, characterized by vast open spaces and loose, dry soil, creates the ideal conditions for these intense dust storms to form. They most often occur during the summer monsoon season and are created by strong downdrafts associated with thunderstorms.
Dust storms are often unpredictable, can be miles long and thousands of feet high, and may last up to an hour. When they hit, it’s essential to protect yourself; inhaling too much dust can be dangerous and may cause valley fever, which is caused by fungal spores that live in dry soil.
How to prepare for Arizona dust storms
You may receive official warnings for dust storms, but they’re often unpredictable. Here are a few tips to help you prepare:
To ensure you’re always prepared, follow commonsense preventive measures and make sure to keep a mask with you at all times during the summer months.
If you plan on driving, remember to pull off the road, turn off your lights, and turn off your car if a dust storm is approaching.
In your home, close windows, doors, vents, and any other opening to prevent dust from getting inside.
Final thoughts on natural disasters in Arizona
Arizona is a rich state full of history and abundant nature, making it a very appealing place to live. Phoenix has consistently been one of the fastest growing cities in the US, and is a top migration destination for homebuyers seeking the sun.
If you’re planning on moving to Arizona or already call the state home, make sure you’re prepared for possible natural disasters and long-term weather events. Understanding the risks and adequately preparing will help you make the most out of living in Arizona. The National Weather Service also offers an experimental map that shows forecasted risks for the current seven-day period. This may be helpful as you prepare for a disaster.
It’s important to note that many natural disasters are worsened by climate change.So no matter how you prepare, reducing your carbon footprint is the best long-term solution.
This article is for informational purposes only. Individual results may vary. This is not intended as a substitute for the services of a licensed and bonded home services or disaster prevention professional. Always seek expert advice and follow all official guidance before, during, and after a disaster.
Creating a sleek space is simple and can involve elevating pieces you already own.
If your living room is feeling dull or just plain outdated, elevating your living space to have a more modern and sleek feel is your solution. Modern decor seamlessly blends style with functionality, creating an ambiance that feels timeless but also in the moment. It’s also important to note that modern and contemporary styles hold key distinctions, and we’ll note some differences to look for later.
From the muted perfection of neutral tones to the boldness and power of a few carefully placed statement pieces, our 13 tips will transform your living room into a modern masterpiece. No matter your personal aesthetic, crafting a living room that transcends time and trends feels unmistakably modern.
What makes a modern space, modern?
Modern decor is defined as distinct features that, together, create a sleek, clean and sophisticated aesthetic. As decor trends evolve and experience fluctuating popularity, modern decor shines in what seems to be timelessness. However, like everything else, modern decor retains some strong influences with aesthetics developed decades ago.
That’s perhaps why the term “modern” is frequently misused in the realm of interior decoration. Its confusion with the contemporary style is fairly widespread.
The modern style that we encounter today actually stems from a German design movement that originated at the cusp of the 20th century, specifically the Bauhaus movement. This so-called “modern” style in furnishings and decor dominated the early-to-mid 20th century before transforming to another style we love today, mid-century modern.
Modern design pays homage to natural materials, employs neutral or earthy tones and embraces a minimalist approach by removing excessive embellishments. While contemporary styling can encompass a diverse color palette that carries some brash, bohemian influences at times, the modern style more strictly adheres to monochromatic hues in lieu of anything overtly loud or adventurous.
Modern vs. Contemporary: Telling Them Apart
Because the distinctions between modern and contemporary styles still probably seem confusing, we’ll break it down into bullet points so you get the exact style you’re going for. If contemporary calls to you, great! You’ve found new language for the look you envision, and that’s never a bad thing.
Modern
Functional furniture pieces with clean lines
Minimalistic vibes, mid-century influence
Neutral color usage throughout most of the room
Furniture that serves more than one purpose
Sparse natural material embellishments that add visual interest
Contemporary
An eclectic fusion of diverse influences
Bold patterns and textures, and sometimes colors
Dramatic and sculptural lighting fixtures
Functional art pieces that blur the line between form and function
Global inspirations
Signature furniture pieces with unique silhouettes and unconventional shapes
Eclectic mix of classic pieces with modern elements
13 modern living room tips to update your space
The key to a successful modern living room design is finding a balance between functionality, aesthetics and your personal style preferences. These tips offer guidance to work conjunctively with your own unique tastes to achieve your modern masterpiece.
1. Paint the walls a neutral color
If you’re allowed to paint your walls in a rental (make sure to check with your landlord first), this is a great way to set the modern tone in your space. Whether that be a crisp off-white or a cool grey, neutral wall tones can shift the space from feeling dull to more modern in a few paint strokes.
2. Install open shelves
An open display shelf is a great way to combine clean lines and functionality. For a rustic modern look, try a wooden ladder propped up against the wall and adorned with your favorite decor items.
3. Adorn the room with a natural rug
Modern living rooms often feel too simple, leading to a sterile feeling that just isn’t homey. Add visual interest to the space with textures like a natural rug. A faux cowhide rug, furry rug or even a woven jute rug can break up the monotony of neutral tones and minimalist furniture while maintaining a stylish and inviting atmosphere.
4. Illuminate the room with a simple floor lamp
By incorporating a simple floor lamp into your modern living room decor, you create a well-lit and visually appealing space. This piece offers some creative freedom when it comes to choosing the style of the lamp.
5. Make a statement with an artistic focal piece
A statement art piece serves as the visual center of attention in your living room. It’s the first thing that catches the eye when someone enters the room, which sets the tone for the entire space. This is important in modern design, where bold and captivating art piece breaks the monotony of minimalism and adds intrigue.
6. Opt for acrylic or glass pieces
Acrylic and glass pieces are a great option for working with a limited color scheme. Plus, they look space-age and modern. For example, a transparent coffee table creates sleek sharp lines while naturally matching the colors around it. Acrylic furniture is also inexpensive and is easily repurposed in other rooms.
7. Add smart home technology
Part of the modern aesthetic is the newest and freshest technology. Smart devices complement modern spaces well and seamlessly integrate into the sleek and minimalist design. Think smart lighting, speakers and other on-trend appliances.
8. Go bold with geometric patterns
Introduce modern geometric patterns through rugs and throw pillows to infuse a contemporary vibe. Choosing a pattern that resonates with your personal taste is a great way to add personality to the space as well.
9. Play with decorative mirrors
Mirrors are great decor pieces that naturally reflect light which helps the space feel larger. On top of their benefits related to room size, they’re also neutral when it comes to fitting a color scheme. (And if you liked the one we featured two photos up, we linked to one similar to it here.)
10. Create continuity with strategically placed wood items
Wooden furniture is a staple when it comes to monochromatic living rooms. The natural color of the wood often seamlessly fits into the feel of the room, while remaining a timeless piece with repurposing opportunities in other decor themes down the road.
11. Remove furniture to create negative space
Negative space, which is defined as the intentional creation of empty spots, is a common theme in modernly decorated spaces. Less is more in a modern living room, so purging unnecessary decor items and furniture is a must.
12. Add wall-mounted shelves and open up floor space
If you struggle to fill large open shelving and want to utilize wall space, opt for wall-mounted storage, like floating shelves. This also creates more negative space, helping give your space a more modern feel.
13. Make use of monochrome
Picking one color and using varying shades is the most common theme found in modern decor. The easiest way to go about crafting your color scheme is to select a base color and gather shades, tints and tones of that color. Create depth with contrasting light and dark variations by consulting paint experts or using color templates on Pinterest and other design platforms.
Your modern living room awaits
Incorporating these tips can help you craft a modern living room that exudes confidence and functionality while keeping with the times. With these tips and recommendations, you can easily achieve a modern living space that embraces both contemporary aesthetics and your unique preferences — even without hiring an interior designer.
Remember, modern design is about embracing simplicity and making every piece count, resulting in a space that feels efficient and effortlessly up-to-date. Find your dream apartment to make your modern muse today!
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In the realm of interior design, it’s often the smallest details that make the most significant impact. Enter wall molding and trim – the unsung heroes of home transformation. From the graceful curves of crown molding to the intricate wainscoting, these architectural accents can elevate any living space.
Whether you’re adding wall molding to your home in Chicago, IL, your condo in Birmingham, AL, or just want to learn more, this Redfin article will cover the different types of wall molding. We also have expert advice, along with tips and tricks for adding these decorative elements to your home. Let’s get started.
What are wall moldings?
Wall moldings, also known as wall trim, are decorative architectural elements that adorn the edges and surfaces of walls in homes and buildings. Wall moldings come in various shapes, sizes, and styles, and they are typically made from materials like wood, plaster, or composite materials. They can include details like baseboards along the floor, crown molding along the ceiling, chair rails at a mid-height level, and wainscoting on the lower part of the wall. Wall moldings not only provide texture, depth, and character – but they also create a sense of elegance and sophistication in a space.
“Adding wall molding is a transformative touch that can infuse elegance and depth into your rooms,” shares Fred Weiner, CAPS, principal of THP Builders. “It’s a fantastic way to create architectural interest and define spaces. From framing artwork to delineating accent walls, wall molding opens a world of design possibilities.”
10 types of wall moldings to add to your home
From the rustic charm of beadboard to the intricate detailing of panel molding, each wall molding option is brimming with charm and the potential to transform your space.
1. Crown molding
Crown molding, also known as ceiling molding, adds a touch of elegance where the walls meet the ceiling. It comes in various profiles, from simple to sophisticated designs, and serves to visually expand the height of a room.
2. Corbel Molding
Corbels are decorative brackets that protrude from a wall, adding architectural flair. They can be placed under shelves, countertops, or as standalone accents.
3. Casing molding
Trim pieces that frame doors and windows are called casing molding. They form a border around these openings, often with smooth, straightforward profiles that blend with the surrounding architecture.
4. Chair rail molding
Chair rail molding in a home is a horizontal strip that runs along walls, typically at the height of a chair back. It adds a horizontal line of interest to the walls while protecting them from chairs and furniture.
5. Picture rail molding
Picture rail molding is a horizontal strip positioned higher on walls, designed for hanging artwork and decorations without damaging the wall surface. It acts as a practical and aesthetic solution for displaying items.
6. Baseboards
Baseboards are the molding that runs along the bottom of the wall where it meets the floor. They provide a clean transition between the wall and floor while protecting the wall from potential scuffs and damage.
7. Panel molding
Panel molding creates the illusion of raised or recessed wall panels, adding depth and texture to the surface. It usually consists of strips that form geometric patterns.
8. Wainscoting
Wainscoting is a decorative treatment where panels or molding are applied to the lower portion of walls, typically below chair rail height.
9. Beadboard
Beadboard is a type of wall paneling featuring narrow, vertical planks with rounded ridges or “beads” between them. It adds a cozy, cottage-like charm to interiors.
10. Cove
Concave, curved molding that creates a transition between walls and ceilings with a smooth, sweeping profile is known as cove. Cove molding is an excellent choice for adding a touch of soft elegance to a room, as its curved design can help soften the hard angles of walls and ceilings.
Why you add wall moldings and trim to your home
Adding moldings to a home offers numerous benefits that enhance aesthetics and practicality. These decorative features can elevate the overall ambiance of a room. Here are a few ways it can enhance your home.
Adds character. Liz from The Cape Coop Farm shares, “Wall molding adds instant character and texture to any wall. Many molding projects are easy for beginners – particularly with straight lines like a board and batten design. If you are slightly more experienced with cutting angles, the possibilities are endless with intricate geometric designs and crown moldings.”
Inexpensive way to add dramatic visuals. “Wall molding designs can be a quick, versatile, and relatively inexpensive way to add dramatic visual impact and character to your home,” says Mandy from Aviator Jayne, a home store in Owosso, MI. “We have even found many molding designs to be really DIY-friendly. If you like to tackle projects around the house, consider adding a simple board and batten to your dining room for warmth, or perhaps molding in a geometric shape to the walls of your bedroom for an elevated look.”
Increases property value. Celia Boutell, an interior designer shares, “The benefits of adding wall molding include an elevated aesthetic by adding depth, texture, and elegance to give your room a more polished look. Architectural interest, room definition, covering imperfections, and increasing property value. Well-executed molding can enhance your home’s value by adding an upscale touch to your interior design.”
Tips for adding wall molding to your home
Elevate your home’s style with wall molding using these essential tips. Learn how to effortlessly integrate decorative elements for a beautifully transformed space.
Plan the design. Before you start, envision the look you want to achieve. You’ll want to consider the type of molding, its placement, and the overall style of your home. Planning helps ensure a cohesive and well-executed design. “Picture frame molding is a simple and timeless style that can be done easily and affordably on your own,” says Casa Del Marmol, an interior design company. “You can even dial it up a notch by adding a wallpaper mural inside each box panel. Wainscoting of this type can be extremely versatile as well. Fresh paint, wall décor and lighting can add additional layers of dimension and can be swapped out over the years as styles change.”
Wall molding will suit all homes – you can’t go wrong. “One homeowner may choose to install molding to create a very traditional look, such as chair railing and the traditional box molding that is often seen accompanying it,” adds Marcia Socas, a DIY home project specialist. “Alternatively, someone else may use molding to create a more modern pattern and style, for example, octagonal shapes or other patterns created with molding. Whether a traditional installation or a modern expression, wall molding suits every homeowner’s design choice and truly takes a room to the next level.”
Choose appropriate materials. Select molding materials that align with your home’s décor. Wood offers a classic appeal, while lightweight polyurethane options are easier to install. Make sure the material matches the aesthetic you’re aiming for.
Opt for two paint sheens. “If you’re looking to elevate a simple molding, try using two paint sheens, a flat on the walls and satin on the molding, or go one shade darker on the molding,” says Sagent Builders servicing the greater Chicago area. “When applying molding, use trim sealant and glue all the corners for the most successful installation.”
Try moldings on more than just walls. “Just like boxed molding designs have been traditionally used to add a sense of luxury to walls, we’re now seeing molding used on doors, ceilings, and cabinet faces to elevate a room and give it more interest,” shares Lanada Duncan, owner of b.e. decors Interiors. “With these new peel-n-sticks, trendy sizes, and designs that’s hit the market, you can be even more creative with your application and add panache to a space.”
A final note on wall moldings and trim
Incorporating moldings and trim into your home’s interior is akin to adding the final strokes to a masterpiece. These subtle yet impactful details have the remarkable ability to transform any home into an elegant and timeless space full of character.