Located just two hours east of Los Angeles, San Bernardino, CA, is the 4th most affordable place to live in Southern California. With its perfect combination of beautiful mountains, natural landscapes, and a lively downtown, San Bernardino is an exceptional location for all activities, especially outdoor ones like hiking and camping.
Interested in this charming city, but not sure where to start? Don’t worry, we’ve compiled 10 of the most unique things to do in this once-major stop along Route 66. So, whether you’ve just moved into your rental home in San Bernardino, are apartment hunting, lived in your San Bernardino home for years, or are just visiting, you’re sure to find at least one unique activity to add to your list.
1. Stop by the local farmers market
Looking to shop small and support local businesses? Add the Twin Peaks Farmers Market to your list! Occurring every Thursday, this farmers market “featur[es] the best of the inland empire’s agriculture as well as cuisine and artisans.” Here you can cure your cravings, complete your weekly grocery list with the freshest produce with farms from Ontarios to Tulare, and even connect with the local community.
2. Snow bike at Big Bear Lake
With winter on the horizon, why not take a trip to Big Bear Lake? This spot is a popular destination for a reason with its variety of snow sports like skiing, snowboarding, snowshoeing, and tubing. Sticking to this article’s theme, however, we suggest trying out snow biking! This snow sport combines the elements of mountain biking and snowboarding with the use of fat bikes with oversized tires. This activity is a fun alternative to the other more mainstream snow sports and with the San Bernardino Mountains, you really can’t go wrong.
3. Satisfy your sweet tooth
If you’re like us and always in the mood for a sweet treat, look no further than Marie’s Bakery. This family-run business specializes in “custom cookies, candy, and other bite-sized treats,” says owner Rachel Lewis. This home-based bakery is only available by phone or online order so we recommend either ordering treats for a special occasion (perhaps a housewarming party?) or picking up a treat box and having a picnic at the park. Our perfect pairing? Their flavor of the month cookies and lollipops, your loved ones, and Glen Helen Regional Park.
4. Day trip to Joshua Tree
Just under two hours away lives one of California’s best and most popular national parks – Joshua Tree. If you’re looking to plan your perfect Joshua Tree experience and learn more about the park, we recommend visiting the Yucca Valley California Welcome Center first. “[Their] employees and ambassadors…are happy to show you the best places to eat and shop, as well as where to play while you’re getting settled in your new home in our amazing desert,” says director of operations Linda Poindexter. Here you’ll be able to learn all about Joshua Tree and the surrounding areas in Morongo Basin so you can have the best visit possible.
5. Visit the first McDonald’s
Maybe you’ve seen The Founder, are a fast food history buff, or just love french fries… either way, you need to check out the original McDonald’s in downtown San Bernardino. Free to enter, the first McDonald’s is now a museum with lots of the franchise’s memorabilia. Enjoy lots of nostalgia and take in all of the chain’s lore at this one-of-a-kind archive.
6. Take an art class
Unleash your inner artist and take an art class at the Community Art Center and Gallery in Wrightwood. Drawing Together offers a variety of events like monthly paint nights and drawing workshops for you to connect with other San Bernardino locals while tapping into your creative side. Whether you’re excited to start a new hobby or hone your craft, this spot is great for all skill levels. They even “feature monthly art exhibitions that rotate between local and regional artists [and] we sell art supplies,” says founder Jamie Crooke Powell, making it the perfect stop for all your artistic needs.
photo courtesy of Drawing Together
7. Shop the local craft market
Looking for a gift or just to treat yourself? The Three Little Blue Byrds Boutique hosts a Makers Market every Friday night “where local artisans display their handcrafted goods — making it a wonderful way to connect with the local creative community,” says co-founder Tia Lynn Johnson. If you can’t make the market, check out the brick-and-mortar store! Their emphasis on featuring local artisans is what makes this store one of our favorites. Here they “showcase a curated collection of fashion, accessories, and home goods, with a special focus on supporting local makers [for the perfect] unique blend of creativity, culture, and community.”
8. Take a hike to the falls
Contrary to the song, we suggest you do go chase waterfalls. If you’re wondering which one, Big Falls is a must. “Nestled in the sleepy mountain town of Forest Falls stands the majestic Big Falls, a towering 500-foot waterfall that reigns as the tallest in the San Bernardino Mountains,” describes Ca Hiking Adventures’ Phillip Rivera. “A visit to this natural wonder is nothing short of awe-inspiring, [but] if you plan to visit, be sure to arrive early, as this stunning landmark has grown into a popular destination for nature lovers and adventure seekers,” recommends Phillip.
photo courtesy of Ca Hiking Adventures
9. Try an escape room… or two!
Perfect whatever the weather, an escape room is a great activity for friends, family, a corporate outing, or as a date night! Escape Games At The River offers immersive escape rooms designed to both captivate and challenge you. At their premier escape room experience, you’ll enjoy solving intricate puzzles and engaging in their thrilling storytelling while working on valuable skills like teamwork, problem-solving, and quick thinking.
Confusion Escapes also offers incredible escape room experiences that are guaranteed to “transport you to captivating worlds filled with puzzles and challenges.” Perfect for friends, families, and colleagues alike, their unique experiences truly cater to all. You’re sure to not only strengthen your teamwork skills but also unleash creativity and enjoy the thrilling adventure full of fun and excitement.
10. Grab a handcrafted pint
It’s happy hour somewhere and what better place to sip than at Escape Craft Brewery. This spot started with just one goal in mind: “brewing tasty and creative beer.” Safe to say they do just that while offering the best third location to meet friends, sip on delicious handcrafted beer, and nibble on their one-of-a-kind pizza. With over thirty beers on tap along with wine, cider, kombucha, and soda, along with veggie and gluten-free options, this place is perfect for all.
Darby works as a Content Marketing Coordinator on Redfin’s impressive Content Marketing team. Her experience includes media advertising, graphic design, and a B.A. in business leadership with a concentration in marketing and communication studies. She currently resides in Seattle, WA, and can be found crafting with her friends and sipping on a chai latte at Gasworks Park. Her dream home is either a cream cottage in Madrona, WA, or a brownstone in the West Village.
A blue tape walkthrough is a surface-level inspection of a new home where issues are flagged with blue painter’s tape by the buyer. It’s a normal part of the process for homeowners buying a new-construction home. You’ll complete the final blue tape walkthrough 5 to 7 days before you close on the home, and any issues you draw attention to should be fixed by the builder.
It’s incredibly helpful when you know what to look for. This guide can help you complete the blue tape walkthrough with confidence.
Understanding the Blue Tape Walkthrough
You might hear a blue tape walkthrough called “blue tape inspection,” but it is not, technically speaking, a full home inspection. You’re the one walking through, and you’re not expected to have specialized knowledge. But a blue tape walkthrough is the perfect time to flag cosmetic or functional issues such as paint touch-ups, a door that’s sticking, or tile grout that needs to be cleaned up. Flagged items will be added to the “punch list,” which is a list your builder has of all the items that need to be completed before a homeowner moves into the new construction home.
Taking care of all the punch list items you find is the builder’s job and will make moving into your new home smoother.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
Questions? Call (888)-541-0398.
Definition and Purpose
The blue tape walkthrough is an opportunity for you to go through the house with your construction manager before you close on your home mortgage loan. You’re ready to get through the closing and focus on your moving checklist — you don’t want to also have to worry about fixing a bunch of things around your new home, so the more you find, the better. After all, you aren’t buying a foreclosed home or a historic home built in the last century. You’re paying for new construction and should make sure you get your money’s worth.
Origin of the Term “Blue Tape”
Blue tape refers to the blue painter’s tape used to visually mark where an issue needs to be addressed. Blue painter’s tape has only been around since 1988, so the origins are fairly recent.
Recommended: Mortgage Calculator with Taxes
Blue Tape Walkthrough Process
The blue tape walkthrough process is pretty straightforward. Here’s when it happens, who does it, what tools are used, and what to expect:
Timing of the Walkthrough
You’re well past the point of making an offer on a home when you take this step. The blue tape walkthrough occurs 5 to 7 days before you’re set to close. It’s not intended as a home inspection. Ideally, that has already been completed. It’s a final walk-through designed to flag minor issues and point out what’s missing or not working.
Participants Involved
The blue tape walkthrough is completed with the new homeowner and a representative from the builder, such as a construction supervisor or community superintendent. The buyer’s real estate agent can also accompany the buyer, as can any other professional the buyer invites.
Tools Used
You don’t need specialized tools to complete a blue tape walkthrough, but you’ll likely want the following:
• Blue painter’s tape. You’ll likely be given this by the builder, but you can bring your own. You’ll tear off a piece when you find something that needs to be addressed.
• Measuring tape. If something doesn’t feel quite right or looks off-center, you can use a measuring tape to check.
• Level. A level can help you check alignment if your eye tells you something seems off.
• Flashlight. For those hard-to-see areas.
• Camera. Take pictures of the defects you find. Make sure anything you asked to be fixed previously has been fixed.
• Notepad. You’ll want to take notes, either on paper or on your device.
Recommended: How Much Is My House Worth?
Common Issues Identified During a Blue Tape Walkthrough
Don’t know what to look for? Unless you have experience, you won’t really know what to look for. It’s helpful to walk through with someone who has construction experience (builder, architect, or designer). Even after an inspection and blue tape walkthrough, it’s normal to miss things.
Hopefully, a home inspection has taken care of the major issues for you, and you’ll be looking for more minor, common issues on your own. Here’s a blue tape walkthrough checklist of what to look for in the interior and exterior spaces of the home.
Cosmetic Defects
You’ll likely see some cosmetic defects, including:
☐ Cleaning. Note areas that need cleaning, especially in the front yard and entrance after construction has been completed. Look for stains in the carpet or scratches on appliances or countertops.
☐ Chipped paint. Mark spots that may have a different sheen or need some paint touch-up.
☐ Drywall. Check for uneven surfaces, gaps, nail holes, or inconsistent texture.
☐ Missing or bad caulk job. Caulk smooths over a lot of edges. There are likely a few places where the builder missed, including sealing in new doors, windows, trim, tubs, toilets, sinks, and more.
☐ Paint overspray. You might see tiny splatters on tile, cabinets, or flooring.
☐ Gaps or visible seams. Mark any gaps you don’t like, such as transitions from one floor to another, a window to a wall, or visible seams along trim work.
☐ Dead grass. If landscape is included in your package, have the dead spots of grass addressed.
☐ Fence damage. Check for broken slats, areas where pests can enter, and uneven installation.
☐ Poor workmanship. Bad tile jobs, sloppy window installation, messy caulk, etc.
Functional Problems
Functional problems are those where something isn’t working the way it should. You may want to check the following:
☐ Working hardware. Check knobs and locks for functionality.
☐ Electrical fixtures. Outdoor lighting and interior lights should be installed and working. Ceiling fans should be installed securely and working.
☐ Drawers and cabinets. Make sure drawers run smoothly and cabinet doors lay even. They may need an adjustment or need hardware installed. Make sure the shelves are there.
☐ Windows. Test all the windows and make sure they open and close properly and smoothly. Make sure they lock securely.
☐ Doors. Both interior and exterior doors need to function properly. If they stick, they may need a slight adjustment. If you can see light through the sides of an exterior door, it may be missing weather stripping or need an adjustment.
☐ Plumbing. Run every faucet in the home and look for leaks. Make sure you have hot water. Flush all the toilets. Make sure you have water pressure. Make sure everything drains properly. Make sure you can find the water shut off.
☐ HVAC. Turn on heating and cooling mechanicals. Does your thermostat work? Take a look at the filter on the cold air return as it likely needs to be changed after construction has ended.
☐ Appliances. Make sure appliances that were included in your home purchases are installed properly. The dishwasher is often installed incorrectly. Use the oven or cooktop and make sure each burner works. Run the microwave for a bit.
☐ Garage door. Check to see if the garage door is operational.
☐ Grading. Make sure there’s a proper grade away from the house so water doesn’t settle around the foundation.
☐ Sprinkler system. Check the sprinkler system for leaks and errant spray.
Missing Features
The blue tape walkthrough checklist is longer still. Next step: Make a note of any feature that was promised, but has not yet been installed. Common issues might include:
• Dishwasher, washer and dryer, or stove vent hood.
• Dryer vent not installed.
• Wiring for a TV or other electronics.
• Upgrades you paid for.
• Safety features, such as a fire alarm, carbon monoxide detector, or safety rails.
Importance of the Blue Tape Walkthrough
A blue tape walkthrough can help with quality assurance, help protect your investment, and ensure accountability on the part of the builder.
But perhaps what’s most important about a blue tape walkthrough is it helps take care of issues before you move in. When something comes up after you move, it’s much more of a hassle to fix than if it had been caught during an inspection or blue tape walkthrough.
Preparing for Your Blue Tape Walkthrough
If you’re working closely with your home builder, it’s likely you’ll have more than one blue tape walkthrough. You might be visiting the site all along and have noted issues that needed to be addressed when you saw them.
If this is your first blue tape walkthrough, here are a few tips to prepare:
• Visit the home frequently (where possible). You may notice and flag issues that can be fixed before your last blue tape walkthrough with the builder.
• Communicate with your construction manager. A good construction manager will likely flag issues better than you can. Good communication can help ensure issues are fixed in a timely manner.
• Print out a checklist and take it with you. When you’re going through the house, you may forget what to look for. Take a checklist with you.
• Ask for advice from experts. It’s hard to know what to look for, but you may have people in your network that are willing to help prepare you for a blue tape walkthrough.
• Create your own punch list. You’ll want to be sure you have your own punch list to help the builder follow through.
After the Blue Tape Walkthrough
After you’ve completed your blue tape walkthrough, there are a few follow-up items to take care of:
• Share your punch list with the construction manager. While they have their own punch list, just make sure you’re on the same page with what issues need to be addressed.
• Set a timeline for repairs. On that same note, communicate with your construction manager about when you want repairs to happen. It’s not uncommon for a builder to say they’ll come fix something after your loan is closed, but they might be more inclined to fix something quickly if they haven’t been paid.
• Follow-up with inspections. You’ll want to visit the property again to ensure the issues have been cleared up.
Blue Tape Walkthrough vs. Final Walkthrough
When you’re comparing a blue tape walkthrough vs. a final walkthrough, the major difference is the purpose. The purpose of a blue tape walkthrough is to flag minor issues the builder needs to address before closing. The purpose of a final walkthrough is intended to ensure the home remains in the same condition as when you wrote the contract and contractual obligations have been met.
The Takeaway
You play an important role in the blue tape walkthrough — don’t be afraid to take the time you need to flip every light switch and run every appliance to ensure that the details of your new home are taken care of before you move in. With a little blue painters tape, you can visually communicate to the builder what needs attention and where it is located.
You don’t need special knowledge, but it can be beneficial to bring along someone who can flag potential issues with you. The more that’s addressed before you move in, the less you have to stress about after you’ve moved into your new, beautiful — and fully functioning — home.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
Why do real estate agents use blue tape?
Real estate agents or a home builder’s representative use blue tape, also known as painter’s tape, to mark walls and other areas because this tape is specially made so that it does not damage painted surfaces.
What is a blue tape inspection?
A blue tape inspection is not a true home inspection but rather a buyer’s walkthrough of a newly built home to identify anything that needs to be fixed before the closing. The buyer and a builder’s representative will walk through the home to look for cosmetic issues (such as dents or chipped paint) or functional issues (non-working appliances, for example) that need to be addressed.
Photo credit: iStock/Seth Cortright
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Although it is best known as one of the Twin Cities, Minneapolis is a standout on its own in the Midwest. From its gorgeous lakes to its diverse neighborhoods, there are so many unique things to do in Minneapolis.
Whether you’re about to buy a home in the area, rent a house in the city, or you’re looking for an apartment for rent in Minneapolis, MN, these local experts have helped us compile the perfect list of activities to help you get to know the city like the back of your hand.
Image courtesy of Mycah Bain Photography.
1. Take in the gorgeous Lake Harriet
“Living in Minneapolis means embracing every season with open arms,” shares Mycah, owner of Mycah Bain Photography. “There’s no better way to do that than biking or taking a stroll around nearby Lake Harriet. It’s more than just exercise – it’s a chance to feel connected to the community, share quiet moments with loved ones, and watch the city evolve with the changing seasons.”
Image of Giulia courtesy of Emery, Autograph Collection.
2. Experience a variety of comforts with Hotel Emery
In the heart of Minneapolis, you will find Emery, Autograph Collection, a favorite spot for both travelers and locals alike. Their gorgeous public lobby is home to both Spyhouse Coffee Bar and Lounge and Giulia, their Northern Italian restaurant. Whether you’re looking for a cozy place to grab your favorite hot drink or try something new like Giulia’s unique Mozzarella a Mano experience, Emery’s is a must-add to your Minneapolis bucket list.
3. Stroll the storied shelves of Strive
Strive Bookstore is more than just a bookstore. It’s a peaceful, inclusive haven where every story brings you closer to the community. With shelves full of works from underrepresented voices and diverse perspectives, you’ll find an enriching experience that’s both welcoming and thought-provoking. Whether you’re a book lover or just looking for a cozy place to unwind, this unique thing to do in Minneapolis invites you to connect, explore, and be inspired.
4. Sip on a favorite drink while exploring Lyndale Park
Start your day at Gigi’s Café in the Uptown neighborhood. Fuel up on delicious coffee and pastries before heading a few blocks southwest to the Minneapolis Peace Garden in Lyndale Park. This garden features beautiful perennial plantings and dwarf conifers among peace rocks from Nagasaki and Hiroshima.
5. Try your hand at weekly trivia
Tucked into the Northeast Minneapolis neighborhood is Twin City 400 Tavern, the ideal spot for food lovers and trivia enthusiasts alike. You can test your knowledge every Tuesday for Trivia Night while enjoying the signature dishes and drinks that make this hidden gem in Minneapolis a favorite all week long.
Image courtesy of the American Swedish Institute.
6. Immerse yourself in Swedish culture
For a truly unique thing to do in Minneapolis, you have to visit the American Swedish Institute. This renowned cultural hub offers a variety of exhibitions showcasing Nordic art, crafts, and history with a unique museum shop and award-winning FIKA Café. Not to mention the historic Turnblad Mansion, Minnesota’s only castle.
7. Get a true taste of Minneapolis at a local brewery
Utepils Brewing celebrates the lively community atmosphere of the City of Lakes. With live music, weekly events, local food trucks, and special festivals, it’s the perfect place to experience the essence of Minneapolis: a welcoming hub where diverse cultures and creative expressions thrive together.
Image courtesy of Expedition Kristen.
8. Elevate your adventure at the Foshay Tower
“If you’re looking for a unique thing to do in Minneapolis, head downtown to check out the Foshay Tower,” shares Kristen, travel blogger of Expedition Kristen. “Purchase a ticket to take the elevator up to the Foshay Tower museum. Here, you can learn about the builder, Wilbur Foshay, and the building’s interesting history during the roaring 20s. Then, head to the observation deck for a complete 360 view of the city. On a clear day, you can see Minneapolis’s twin city, St. Paul.”
9. Check out the iconic North Loop neighborhood
“Being a part of the North Loop neighborhood is really something special,” shares Marisa, owner of In The Loop Coffee, a hidden gem in this Minneapolis neighborhood. “It has ‘European walk everywhere’ vibes with fantastic eateries and coffee, each with its own unique flare. Dog friendly and neighborhood centric, this community has its own association and holds annual meetings that are great for getting to know the neighbors. We love going places and running into people we know.”
Image courtesy of Paint & Sip Minnesota, Your Bearded Artist.
10. Paint and sip your way around the Twin Cities
Add some creativity to your adventures in the area by joining an event with Paint & Sip Minnesota by Your Bearded Artist. This unique thing to do in Minneapolis is a great opportunity to make memories with art while exploring the city. With all the supplies you’ll need provided and no experience necessary, you can laugh, socialize, and have fun while falling in love with art and the city.
11. Entertain your taste buds at Wrecktangle Pizza
“If you’re looking for a unique thing to do in Minneapolis, stop by Wrecktangle Pizza in the Lyn Lake neighborhood,” shares Phil, owner of Minnesota Dairy Lab, local ice cream innovator. “They have the best Detroit-style pizza and smoked chicken wings in town. And, of course, you absolutely cannot forget the ice cream.”
12. Find your new favorite hangout at The Terminal Bar
This longtime landmark has been a classic of the Northeast neighborhood since 1932. Although the area has changed a lot over time, The Terminal Bar has always prided itself in being the local bar that anyone, and they mean anyone, can come to and feel right at home. Good music, classic drinks, and pickled eggs await your visit.
Unique things to do in Minneapolis, MN: Why you shouldn’t skip the City of Lakes
Is Minneapolis a good place to live? Hopefully these local experts were able to help you decide with this list of unique things to do in Minneapolis. The City of Lakes is truly a Midwestern gem full of adventures waiting to be had. Whether you’re just passing through the Twin Cities, thinking about moving to the city, or you’re trying to get to know your new home, there is truly something for everyone here.
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.
Your credit score tells banks, lenders, landlords and even some employers a lot about your financial situation and responsibility. But, according to TransUnion®, 45 million Americans are either credit underserved or credit unserved, meaning they lack a credit history and a credit score. If you’re one of them, figuring out how to start building credit for the first time is essential. Below, we explore a few credit-building strategies you may want to use.
Key takeaways:
Your credit score acts as a snapshot of your financial health and helps lenders, landlords and even some employers to decide if they want to work with you.
Becoming an authorized user or opening your own credit card can help you build your credit history and improve your credit score over time.
Checking your credit report with each of the three credit bureaus can help you understand where you stand and make smarter financial decisions.
1. Understand the basics of credit
Before you can start building good credit, you need to understand the basics of credit and how it works. Credit refers to any loan or credit card that you may take out. It represents a promise between you and your chosen lender or credit card provider. They promise to lend you money or give you a credit card, and in exchange, you agree to repay what you borrow.
When you make payments on time and in full, you’ll build your credit history and start to see your credit score go up. There are different types of credit scores, but the most common one is the FICO® credit score.
The FICO scoring system looks at your payment history, how much debt you have, how much you’re charging on credit cards relative to the credit limit (known as your credit utilization) and other similar factors. Your lenders and credit card issuers should report this information to the three main credit bureaus during each billing cycle.
When you’re on top of your payments and aren’t maxing out your cards, you’ll likely build good credit. If you’re late consistently or miss payments, max out your credit cards or borrow more than you can afford to repay, your credit score could drop.
Once you understand the basics of credit, you can start building your credit history and improving your credit score.
2. Apply for a starter credit card
Starter credit cards are designed for individuals with poor credit histories or no credit histories, and they’re available from most banks and credit unions. These cards typically have low credit limits, making it harder for you to borrow more than you can afford to repay.
Some starter credit cards may be secured credit cards. These cards are backed by a cash deposit that you make and have a credit limit equal to that deposit amount. If you make payments on time and in full, you can keep using your credit card without issue. If you miss a payment or can’t repay the credit card, your security deposit will cover it. Keep in mind that you’ll still be charged interest on those late or missed payments, and if you carry a balance from month to month, you’ll be charged interest, too. This fee can add up over time.
These cards can be easy to qualify for, even if you don’t have a credit score. However, their low limits may make it hard to use them for bigger purchases.
If you’re still a student, you may be able to qualify for a student credit card. These cards are often unsecured credit cards, so you won’t have to make a cash deposit. But the credit limit you’re eligible for may be small as well.
3. Become an authorized user
If you don’t want to take on a credit card of your own or you don’t qualify for one, you could ask a trusted friend or family member to make you an authorized user on their credit card. As an authorized user, you can make purchases and build your credit score on a card someone else qualified for. Ultimately, the credit card owner (your friend or family member) is responsible for making monthly payments, so you’ll need to work out an agreement on how you’ll repay them for what you purchase.
The benefit of becoming an authorized user is that you’ll still build your credit score over time without having to take on a credit card of your own. However, your credit score could take a hit if the primary cardholder misses payments or maxes the card out.
4. Take out a credit-builder loan
If you don’t have a proven credit history, you may be able to use a credit builder loan to build your credit. These are small loans designed to help you establish a credit history by making regular on-time payments until you repay the loan in full.
Unlike traditional loans, you won’t receive the money you borrow upfront. Instead, your lender (typically your bank or credit union) will deposit the money in a savings account. Once you repay the loan in full, you’ll gain access to the money in that account and can use it however you see fit.
These loans can have lower rates than credit-building credit cards, making them ideal for borrowers who want to avoid high interest payments.
5. Use credit responsibly
Using credit responsibly can help you create a strong credit history and improve your credit score over time.
Here’s how you can become a responsible credit user:
Strengthen credit history
Establishing or strengthening your credit history is the first step in using your credit responsibly, and the easiest way to do that is to pay bills on time and in full each month. To stay on top of payments, enroll in autopay whenever possible and let your credit card company, lender or other service provider debit the payment out of your bank account automatically.
Worried about spending more than you should? Limit what you use your credit card for. For example, you could use your credit card to pay for a streaming service and set up autopay for that one bill. This will help you pay the card off in full without putting you at risk of spending more than you should.
Keep your credit utilization low
Your credit utilization ratio refers to the amount of credit you’re using on your card relative to the card’s limit. By keeping it low and not maxing out your cards, you’ll strengthen your credit history over time. Most financial experts recommend keeping your credit utilization ratio below 30 percent.
Try committing to only using your card for purchases you know you can repay in full and have already budgeted for, like the streaming service mentioned above. Once you have a history of making on-time payments, you can ask your credit card issuer for a credit limit increase. The higher your credit limit is and the smaller your outstanding balance is, the lower your credit utilization will be.
Mix up your credit types
Credit mix plays an important role in your credit score and your credit history. Rather than just taking on a number of credit cards, you may find it beneficial to apply for other types of credit. Personal loans, auto loans and credit-builder loans can all improve your credit mix.
Credit cards are considered revolving debt that you can use and repay until you close the card. Personal loans, auto loans and credit-builder loans are types of installment loans that let you make set payments each month until the end of the loan’s term or until you repay the loan in full. Having a combination of the two types may boost your credit score.
6. Look for alternative ways to build credit
Here are a few alternative ways to build credit if taking on a new loan or opening a credit card doesn’t meet your needs.
Add alternative data to your credit profile
Credit bureaus are willing to consider alternative credit data when determining your credit score and establishing your credit history. You may be able to add utilities, rent payments, cell phone bill payments and other recurring expenses to your credit profile.
As long as you make payments on time and your utility provider, landlord or cell phone company reports those on-time payments to the credit bureaus, you’ll build your credit history and boost your score over time.
Consider cash-flow underwritten credit cards
These credit cards let you charge certain monthly bills like streaming services, internet bills and other similar services without having to undergo a credit check. The card issuer will instead look at your total income and bank account activity to determine if you’re eligible for the card and how much they’re willing to lend you.
As you make payments on time, the card issuer reports those payments to the credit bureaus, helping you establish your credit history.
Qualify based on foreign credit history
If you recently immigrated to the United States, you won’t have an established credit history in the country. However, if you have a strong credit history in your home country, you may be able to use that history to qualify for loans or credit cards.
Once you start making payments and using your lines of credit or loans responsibly, you’ll build your credit history in the United States. It’s a way to put your good financial habits to work in your new home. Major credit card issuers like Chase, Capital One and American Express all issue cards to qualifying immigrants.
7. Monitor your credit regularly
Get in the habit of checking your credit score and your credit report regularly. This will help you monitor your score over time and track your improvements. If you have a bad credit score and keep working on your financial habits, you’ll be able to track your progress and see improvements so you can stay motivated.
Tools like Credit.com make it easy to check and monitor your credit score for free. AnnualCreditReport.com lets you check your credit report from each of the three major credit bureaus for free on a regular basis, so you can monitor your report for errors. If you find any errors, you can dispute them with the credit bureaus. If those errors are fixed, your score might go up.
Ready to start building your credit?
Figuring out how to start building credit for the first time can feel overwhelming, but as long as you keep these strategies in mind, you’ll be well on your way to establishing a good score. For a view of where you stand, get your free credit assessment today to see your credit score and a short summary of your credit report.
Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.
Colorado Springs, CO, with its dramatic landscapes and deep history, offers an extensive array of fun-filled things to do that won’t cost you a dime. From the iconic Garden of the Gods to experiencing the local culture at events, there’s certainly no shortage of free things to do in Colorado Springs.
Whether you’re on the hunt for a new home, apartment, or are searching for houses for rent in Colorado Springs, CO, in this article, we’ll take a look at the best free activities in Colorado Springs for anyone looking to enjoy what the city is known for without breaking the bank.
1. Visit Quail Lake Park
When creating a pros and cons list for living in Colorado Springs, “abundance of outdoor activities” often tops the list as the biggest perk.
“We believe in connecting adults and youth to the outdoors through enriching experiences. One free activity we recommend is spending time at Quail Lake Park,” shares Martin Trujillo at Colorado Youth Outdoors who hosts outdoor activities around Colorado. “You can fish from the shore, hike around the scenic lake, or enjoy a picnic while taking in views of Cheyenne Mountain.”
Quail Lake Park offers a peaceful escape with its beautiful lake, walking trails, and lush greenery. It’s a popular destination for outdoor activities and ranks among the best free things to do in Colorado Springs.
Trujillo also says that visitors can enjoy a hands-on experience with fly fishing, making it ideal for beginners and a wonderful way to connect with nature in the heart of the city.
2. Explore Garden of the Gods
“You can’t visit Colorado Springs without exploring Garden of the Gods,” states Lizzie Farr, a lifestyle blogger at Wandering the Gap.
Garden of the Gods is a stunning National Natural Landmark in Colorado Springs, renowned for its striking red rock formations and panoramic views.
“The park has trails of varying lengths and difficulties, making it the perfect destination for all experience levels,” says Farr. “Make sure you keep your eyes peeled for wildlife, like hawks and bighorn sheep and don’t forget to check out the visitor center for an overlook, informational exhibits, a cafe, and a gift shop.”
With both the visitor and nature center, as well as the park itself, being free to explore, this natural oasis stands out as one of the top free things to do in Colorado Springs.
3. Attend an event at Pikes Peak Library District
In the colder months, it can be difficult to find ways to engage and keep the kiddos entertained when it’s just too cold to be outside.
“You can’t miss the Pikes Peak Library District’s free children’s programs at each of their 15 locations,” recommends local Kaitlyn McEntire, doula and birth and motherhood photographer. “For the younger ones, they host Storytime, Create and Play, Music and Movement, Toddler Time, and Baby Times.”
Can’t make it to one of the scheduled events? Most of the local libraries in the city also have open play areas stocked with toys to spark the kiddos’ imagination—available for play regardless of the day or time.
4. Experience The Broadmoor hotel
“One of my favorite free things to do in Colorado Springs is walk around The Broadmoor hotel,” shares photographer Jennifer Shneidman. “The property is historic and stunning and the walk around the lake is incredibly serene.”
Spending an afternoon strolling around a luxurious hotel can be a delightful free activity, allowing you to soak in the opulent decor and stunning architecture. Hotels feature beautiful lobbies, art installations, and sometimes lush gardens, providing a unique opportunity to experience a taste of luxury without spending a dime.
“Make sure to visit during the holiday season, when they have elaborate decorations and a life-sized gingerbread display,” suggests Shneidman.
5. Enjoy Old Colorado City
Wandering around a city is a delightful and free way to immerse yourself in its unique atmosphere. You can discover hidden gems, enjoy street art, and experience local culture simply by strolling through the streets and neighborhoods of Colorado Springs.
Ashley Tisdale at Aberdeen Ridge, an independent living community in Colorado Springs, shares her favorite part of the city to meander. “Old Colorado City is a cute and charming neighborhood that will have things of interest for all. Between the local restaurants—my favorite being Pizzeria Rustica—and all of the small business shops, there is something for everyone.”
Tisdale concludes, “The neighborhood is charming, eclectic, historical, and overall a fun way to spend a day wandering around.”
Exploring the different neighborhoods on foot not only saves money but also creates lasting memories as you uncover their charm at your own pace.
6. Hike the Mesa, Greenlee, and Red Rock Canyon Path Loop
The outdoor activities in and near the city provide locals with an abundance of free things to do in Colorado Springs. With a captivating blend of majestic mountains, sweeping slopes, and picturesque parks, the landscape offers diverse opportunities for hiking, biking, and rock climbing.
“If you love to hike or mountain bike, the Mesa, Greenlee, and Red Rock Canyon Path Loop is a must-see. This scenic trail features breathtaking views of red rock formations, peaceful meadows, and beautiful geological wonders,” shares Cindy Vance, co-founder of Women’s Wine Hiking Society, a women-only hiking community that hits happy hour on the trail.
Featuring a combination of easy and moderate terrain, it provides breathtaking views of the surrounding mountains. Vance also suggests taking a break along the way to enjoy your favorite drink and take in the stunning Colorado scenery.
7. Dive into history at the Western Museum of Mining and Industry
The Western Museum of Mining and Industry is an educational campus with multiple exciting experiences for everyone to enjoy. Situated on 28 acres of natural beauty, from Smith Creek and ponds to historic ranch buildings and diverse outdoor displays, the outdoor scenery at this museum can be enjoyed for free.
Say hello to the good folks at the front desk, bring a picnic lunch, and stroll around to discover the cool artifacts, photo ops, and unique sights.
8. Climb Pikes Peak
Another free thing to do in Colorado Springs where you can enjoy the outdoors is Pikes Peak. Known as one of Colorado’s most iconic mountains, the peak offers breathtaking panoramic views of the surrounding landscape. Accessible by car, hike, or cog railway, it attracts adventurers and nature lovers alike, making it a must-visit destination in Colorado Springs.
“Climbing Pikes Peak will give you bragging rights that you have been on top of a 14,000+ foot mountain,” jokes Courtney Heath, a lifestyle blogger at Crunchy Beach Mama. “The 6-10 hour hike will leave you with memories forever.”
Heath suggests, “Barr Trail is a great place to stop halfway up to eat and rest or even camp and make it a two-day adventure. Be sure to bring your jacket because it will be cold up there, but it is so worth it.”
9. Take a walk around the Lincoln Center
“One of Colorado Springs and best-kept secrets is the Lincoln Center off of Cascade,” shares local photographer Andrew Selby. “It’s an old elementary school converted into a town plaza.”
Spend an afternoon getting your steps in by wandering around the businesses and taking in the smells and sounds of the local Colorado shops.
Selby continues by saying that there is an array of local breweries, coffee shops, bakeries, and more to explore and meander around. These local businesses contribute to a distinctly ‘Colorado Springs’ atmosphere and a memorable experience.
Free things to do in Colorado Springs: Don’t break the bank
Colorado Springs is brimming with no-cost opportunities that highlight its scenic beauty and lively culture. Dive into the adventure and savor everything that makes this city a good place to live—whether you already call it home or are moving to Colorado Springs, these budget-friendly activities promise to create unforgettable moments. So, lace up your shoes, get outside, and uncover the wonders of The Springs.
Figure Lending has unveiled a new piggyback loan at a time when housing affordability has rarely been worse.
Call it a sign of the times, and maybe an eerie reminder of the early 2000s housing market.
But perhaps with a few added safeguards this time around, such as actual loan underwriting!
The new product, which is a home equity line of credit (HELOC), will serve both new home buyers and existing homeowners looking to access more of their equity.
It will be available at Figure and via their partner network of lenders, banks, credit unions, loan servicers, and home builders.
Figure’s New Piggyback HELOC Allows for Lower Down Payments
As noted, Figure’s new Piggyback HELOC aims to serve both new home buyers and existing homeowners.
Those still searching for that right property can use the HELOC as a second mortgage that closes concurrently with a first mortgage, hence the name piggyback.
For example, they can take out a first mortgage at an 80% loan-to-value ratio (LTV) and the HELOC for another 10% or more. This is known as an 80/10/10 loan.
Other variations include 80/20 loans, which indicates zero down payment. These were quite popular during the early 2000s.
It’s unclear how high Figure will go on this product, but my understanding is their max CLTV is 95%.
In other words, you might be able to take out a first and second mortgage while bringing in just five percent down payment. This would be an 80/15/5.
The use of a second mortgage can help home buyers avoid private mortgage insurance (PMI) and possibly secure a lower mortgage rate.
Keeping the first loan at 80% eliminates the need for PMI, possibly reduces loan-level price adjustments, and can help a borrower stay below the conforming loan limit.
Often times, conforming loan rates are cheaper than jumbo mortgage rates. And qualifying tends to be easier for loans backed by Fannie and Freddie as well.
Recent Home Buyers Can Combine It with a Cash-Out Refinance
If you’re an existing homeowner, Figure argues that you can use a piggyback second to “transition to a lower-cost alternative.”
They cite an example where a recent home buyer wants to tap equity via a cash-out refinance, but is subject to the 80% LTV maximum on agency loans backed by Fannie and Freddie.
Even if they originally purchased the home with less than 20% down, it might be possible to lower the first mortgage to 80% LTV and drop PMI while tacking on a second mortgage for a higher combined CLTV.
For example, someone who bought a home for $450,000 with 10% down might be able to take out a new first mortgage loan at 80% LTV and add a piggyback for an additional 15%.
In the process, they get access to more of their home equity, but also put themselves in a position where they owe more and could be closer to being in an underwater position if home prices drift lower.
Figure offers HELOCs as large as $400,000, meaning loan amount shouldn’t be a roadblock for most borrowers.
Figure’s HELOCs Are a Little Different
Figure calls itself the #1 non-bank home equity line of credit in the United States.
Despite only launching in 2018, Figure Lending has already originated more than $12 billion in home equity lines of credit.
Part of that amazing growth can be attributed to their use of technology, including a 100% online application process, with no appraisal/title fees, and e-Notary services in many states.
And the process can be done quickly, with funding in as little as five days.
But I should point out that their HELOCs require the full draw on the line amount at closing. And they charge an origination fee based on that draw, ranging from 0-4.99%. So costs can be steep.
Their HELOCs are also fixed-rate loans, which is odd because most HELOCs are variable and tied to the prime rate, which goes up or down whenever the Fed changes its fed funds rate.
For the record, prime is expected to come down over the next year as the Fed eases its monetary policy.
Figure’s HELOC is already being offered by some of the largest mortgage lenders out there, including CrossCountry Mortgage, Fairway Independent Mortgage, Rate (formerly Guaranteed Rate), Movement Mortgage, Union Home Mortgage, and many more.
The company’s products are now available in 49 states and the District of Columbia.
(photo: Low Jianwei)
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
“Despite challenging affordability conditions, home builder confidence edged higher in October as they anticipate that mortgage rates will gradually, in an uneven manner, moderate in the coming months,” said Carl Harris, chairman of the National Association of Home Builders (NAHB). Builders appear optimistic about potential demand, especially as the need for more housing persists. “There … [Read more…]
Madison, WI, is celebrated for its charming culture and rich history, anchored by its role as a hub for education and innovation. Home to the University of Wisconsin, the city buzzes with energy, blending academic pursuits with inviting neighborhoods, a diverse culinary scene, and many other hidden gems in Madison waiting to be discovered.
Whether you’re settling into a cozy rental house in Madison, WI, eyeing a home in the city, or planning to rent an apartment, living here means embracing a lively community that celebrates connection. From savoring local delicacies and discovering unique eateries to enjoying leisurely strolls around the beautiful lakes, you’ll truly experience the essence of life in Madison.
Photo courtesy of Christina Clancy, author of The Snowbirds (Feb. 2025)
1. Explore your new home
Madison is filled with hidden gems that showcase many unique experiences that blend history, charm, and natural beauty. Whether you’re seeking a tranquil escape in nature or a lively café to start your day, you’ll find a wealth of delightful options waiting for you.
Discover the hidden gems within the neighborhood
One of the best hidden gems in Madison comes from Christina Clancy, author of The Snowbirds (Feb. 2025) who shares a touching detail of her home. “The previous owners of our 1916 Prairie-style home in Madison revealed a charming detail about the kitchen: they had a special cabinet just for picnic baskets. The house is near Picnic Point, a finger of land that juts into Lake Mendota and is accessible via the five-mile-long Lake Shore Path, which stretches from the UW-Madison campus to the Lakeshore Nature Preserve.”
She goes on to share, “Now I take the path Picnic Point to run, forest bathe, birdwatch, walk my dog, join friends around the campfire pits, and ding cowbells at the marathoners and Iron Man participants hitting the final stretch of their races. When I go toward campus, the path leads to the community-run Hoofer Sailing Club where I can rent a boat, listen to the UW Marching Band practice for Badger game day, and watch live music on the Memorial Union Terrace overlooking the lake. The Lakeshore Path is where the community and the campus connect, and it’s where the vibrancy of our beloved college town and the natural beauty of the city are on full display.”
Photo Courtesy of Sunne Boutique
More hidden gems in Madison can be found by taking a leisurely walk to the University of Wisconsin campus and exploring nearby attractions. Visit the Henry Vilas Zoo, stroll along the lake path behind Edgewood College, or wander through the Arboretum. You’ll even discover a hidden gem called Lake Wingra where you can ice skate near the zoo or do a little ice fishing. In the summer, rent a boat or kayak and don’t forget to stop for ice cream at The Chocolate Shoppe right after.
Find your comfort coffee shop
Awa Sibi, the owner of the West African restaurant Les Delices De Awa, shares her morning routine before starting her day at the restaurant. “I look forward to grabbing an iced latte every morning from one of my favorite local coffee shops, Reverie, rain or shine. It brings a sense of community to walk into a coffee shop where you know all of the baristas and they know how you take your coffee.” She continues to recommend a visit to The Atwood and Shenck neighborhood which has an array of great local cafes for all the coffee lovers.
Visit historic spots
For the history buffs interested in the hidden gems in Madison, author Frank Bures, shares a great tip. “There are many places in Madison worth a stop, but one of best is Monona Terrace, the modernist, Frank Lloyd Wright-designed conference center that was first proposed in 1938, and finally built in 1997. On the roof of Monona Terrace is a small memorial to Otis Redding, the 26-years-old singer who died in a plane crash in Lake Monona in 1967, one month before his song ’Sittin’ on The Dock of the Bay’ was released.”
Photo courtesy of Forward Madison FC
2. Cheer for the Forward Madison FC
Set in the heart of Downtown Madison, the historic Breese Stevens Field is home to Professional Men’s Soccer Team, Forward Madison FC. Whether you’re a die-hard soccer fan, planning a fun night out with a group, or a business looking to treat your office to an evening on the town, an FMFC match is the perfect outing for you. This team marches to the beat of their own drum with its Flamingo flair, live cow mascot, and energy-packed supporters section, Forward Madison FC matches are a must in Madison.
3. Embark on a day of shopping
Madison offers a unique shopping experience for different interests and tastes that you’ll want to add to your bucket list. Whether you’re browsing curated collections or losing yourself in a captivating read, you’ll quickly find your go-to hidden gems in Madison that invite you to discover its delightful blend of local flavor and community spirit.
Browse through curated collections
As you explore Madison, be sure to stop by Wish Upon Boutique, a hidden fashion gem just minutes from the city. This boutique offers a meticulously curated collection of trendy women’s clothing, gifts, and accessories that are as unique as they are stylish. After shopping, take a walk through Stoughton’s history downtown and enjoy the perfect blend of small-town charm and city convenience.
Continue your shopping spree on Monroe Street where you’ll find a delightful selection of locally owned boutiques and local eateries. One store you don’t want to miss is Sunne Boutique. Inside this cheery little spot you’ll find a selection of clothing and goods with a California-European vibe. There is something unique for everyone to find. After, stop by Bloom Bakery for a shopping break and enjoy some sweet potato donuts.
Photo courtesy of Calabash Gifts
Another must-visit hidden gem in Madison is Calabash Gifts on Monroe Street, featuring a vibrant collection of arts from South Africa and Eastern Africa, including fine art, basketry, hand-carved animals, textile decor, stone carvings, and jewelry. Curated through fair trade practices, these pieces support African women’s cooperatives, job creation programs and individual artists.
Explore Madison’s literary gems
If you’re in the mood for a cozy afternoon, Mystery To Me Books is the perfect spot to relax and browse. While known for its wide selection of mystery novels, the shop offers a little something for everyone—whether you’re into rom-coms, fantasy, non-fiction, or graphic novels. They also host engaging events like author talks, where you can meet the writers behind your favorite books. If you’re looking to connect with fellow readers, their book club is a great way to immerse yourself in Madison’s community while diving into some great stories.
Another must-visit on your ever-growing list of book destinations is Frugal Muse Books on the west side of Madison. With 30 years of experience buying, selling, and trading, this beloved local shop is a treasure trove of nostalgia. Browsing through the eclectic collection of used and new books can evoke fond memories of discovering hidden gems, whether it’s a cherished childhood favorite or a quirky comic. You can also comfortably sell your beloved reads here, knowing they’ll continue to impact new readers’ lives. Plus, you’ll find an array of movies and music across various genres, including those niche subjects that spark joy and curiosity.
4. Savour Madison’s culinary landscape
Madison’s diverse culinary scene offers everything from farm-to-table delights to international cuisine, sure to satisfy every craving. It’s undeniable that Madison is a haven for food lovers and you’re sure to discover hidden gems as you explore the city.
Dine and discover
If you’re craving Italian cuisine in Madison, look no further than Lombardino’s Restaurant. This charming neighborhood eatery boasts a warm, inviting atmosphere that makes every visit feel special. With a frequently changing menu inspired by seasonal ingredients, there’s always something new and exciting to discover. Lombardino’s prides itself on sourcing from local farms and incorporating the finest imported Italian products, ensuring a fresh and authentic dining experience. To elevate your meal, explore their thoughtfully curated Italian wine list, perfectly paired to enhance each dish.
Photo courtesy of Lola’s
If you’re searching for a lively night out with friends, Lola’s Hi/Lo Lounge is the ultimate hidden gem in Madison. Step into this stylish cocktail lounge, reminiscent of the vibrant 60s, where the atmosphere radiates retro charm and sophistication. As a vinyl HiFi bar, Lola’s offers a unique auditory experience, with local DJs spinning classic vinyl records that set the perfect backdrop for your evening. Whether you’re enjoying dinner or unwinding late into the night, the inviting ambiance and expertly crafted cocktails create a memorable experience.
Find your community
Whether you’re new to Madison or a long-time local looking to get more involved in the community, becoming a member of the Madison, WI chapter of Books, Brunches & Booze is a great way to meet new people while exploring the city’s culinary delights. Enjoy unique venues like Leopold’s Books Bar Caffè, a cozy spot that combines a bookstore, bar, and coffee shop. Leopold’s is a great spot to dive into a novel and unwind with friends. It’s the ideal spot for book clubs and foodies alike.
Have your own cooking experience
FEED Kitchens is a food business incubator that invites individuals from various backgrounds to bring international flair to Madison’s food culture. With a membership, individuals and businesses can come together to create delicious food, many of whom actively contribute to the city’s culinary scene. The facility fosters a diverse community, with producers hailing from around the globe. In addition to the variety of products made at FEED Kitchens, over 20 food carts launch from the facility during the summer event season, serving the greater Madison region and further enriching the local food landscape.
Photo courtesy of Speckled Hen Inn
5. Enjoy a weekend away
If you’re living in Madison and craving a peaceful escape that feels worlds away, consider a stay at The Speckled Hen Inn. This charming 20-acre country estate offers rooms with king-sized beds, cozy fireplaces, and relaxing jetted tubs. Each stay includes a farm-to-table breakfast, featuring fresh, local ingredients. As you unwind by the fire, take in the serene views of sheep, llamas, and a horse grazing in the picturesque white-fenced pasture. It’s the perfect spot for a holiday retreat, offering all the warmth and tranquility of a Hallmark Christmas getaway.
Hidden gems in Madison, WI just waiting to be discovered
Every city has its pros and cons, but Madison, WI, is a captivating city that seamlessly blends culture, community, and natural beauty. From its diverse culinary scene to its unique shopping experiences and rich history, Madison invites both residents and visitors to explore its many hidden gems. Enjoy a meal at a charming neighborhood restaurant, cheer for a local soccer match, or uncover hidden gems in the city’s vibrant neighborhoods. Each experience contributes to the welcoming spirit that makes Madison what it’s known for.
Creating a coffee bar at home is a great way to elevate your daily coffee experience and add a personal touch to your kitchen or living space, even in a rental. Whether you’re renting a home in Portland, OR, buying a home in Burlington, VT, or searching for an apartment in New York City, NY, having a dedicated space for your coffee essentials can transform your morning routine into a more enjoyable and relaxing ritual. From the smell of freshly brewed coffee to the convenience of having all your favorite beans, mugs, and brewing equipment within reach, a home coffee station is a perfect blend of function and style.
Designing a coffee bar at home that suits your taste involves considering things like space, equipment, and aesthetics. With a little planning, you can create a coffee corner that reflects your personal style while ensuring you have everything you need to craft the perfect cup. With tips from experts in the coffee and home design fields, we’ll show you step-by-step how to create an at-home coffee bar that caters to your unique needs and enhances your home coffee experience.
1. Figure out your space
When planning a coffee bar at home, the first step is determining the best spot for it. “Creating a space that suits how you want to make coffee and is enjoyable to use is the best way to grow your love of creating the perfect-tasting coffee at home,” shares Toby, the coffee expert behind Coffee with Conscience.
The good news is that you don’t need a large area to create a functional and stylish coffee setup. Whether you have an entire countertop to dedicate or just a small corner to spare, the key is to work with what you have.
Counter top vs coffee cart
“Creating the perfect home coffee station is all about thoughtful organization and quality essentials,” advises Brigette Romanek, interior designer and blogger at HomeDecorFull. “Start with a dedicated counter space near an outlet, using a small shelf or cart if space is limited.”
Whether you’re passionate about having a variety of brewing equipment on display or just tight on counter space, “Consider using a rolling cart for a flexible coffee station that can move around your space,” recommends blogger Gina Dickson of Intentional Hospitality, a blog providing tips and advice on hosting at home.
Stick to the essentials
Once you’ve identified the perfect spot for your home coffee bar, consider the flow of your daily routine and the accessibility of your coffee essentials. “Keep your most-used items within easy reach, arranging them by workflow (like grinder, filter, brewer, then cups),” recommends Romanek from HomeDecorFull.
No matter the size of the space, the goal is to make your at-home coffee bar an organized, inviting spot that streamlines your coffee-making process. “Avoid cluttering your coffee space with unnecessary gadgets,” shares Matthew Barry, roaster and owner of Ember Coffee Co. in Big Lake, MN. “Ensure that at least half of your setup has open space for cup placement; keeping it clean and minimal makes it easy to stay organized while showing off your beautiful setup.”
Compact is key
A minimalist setup not only saves space but also keeps your area looking tidy and visually open.
“When space is at a premium, I like to opt for compact brewers that don’t require much counter space,” suggests Jon Clark from the Nomad Coffee Club, a premium coffee bean subscription service.
“Even space-challenged coffee lovers can set up a coffee bar,” agrees Diane Kuyoomjian at Bruvi, one of the freshest and most versatile pod coffee brewers on the scene. “Whether you use a kitchen counter or a free standing cart, a versatile single-serve brewer that makes both coffee and espresso will provide all the barista vibes in a small footprint.”
Maximize a small space
In small spaces, every inch counts, so keep your coffee bar clutter-free by sticking to the essentials and storing extras out of sight. “Maximize vertical storage with stackable storage canisters for beans and accessories, while a small tray beneath your equipment protects surfaces and keeps everything tidy,” says Robert Gomez from Kaffe Products, a company where you can find all the essentials for coffee at home.
Even the smallest corner, windowsill, or unused wall can be transformed into a functional coffee station with the right organization. “A wall-mounted shelf or a pegboard and stackable storage containers can add an aesthetic backdrop for your coffee bar while also providing storage for beans, reusable filters and coffee scoops,” recommends the team at Nomad Coffee Club.
2. Choose home brewing equipment for your coffee bar at home
After you figure out your space, the next step to creating your coffee bar at home is in choosing the right equipment to get the job done. The type of coffee brewer you should choose for your home coffee setup largely depends on what kind of coffee you like to drink, the amount of space you have, and of course, personal preference.
“It may sound simple, but there’s no point in spending hundreds of dollars on a shiny espresso machine if it just collects dust once the novelty wears off,” shares Toby of Coffee With Conscience. “Good coffee is about the taste as much as the art of creation.”
“As a passionate home brewer, it’s easy to get caught up in buying every new device,” confides Syeh Naveed, the face behind the blog The Need for Coffee. “While fancy equipment can be tempting, if your brewing space isn’t clean and organized, it detracts from the experience. And worst of all, having too many brewers can lead to decision fatigue.”
Naveed suggests simplifying your home coffee setup by sticking to one or two devices, helping to keep things simple while still maintaining your options. Your home coffee bar might have multiple coffee contraptions, but make sure they are each serving a distinct purpose, focusing on the following brewing methods.
Pour-over
Pour-over coffee is a hands-on brewing method that gives you more control over how your coffee turns out, letting you really bring out the unique flavors of the beans. You simply pour hot water slowly and evenly over ground coffee in a filter, which results in a clean, smooth cup with lots of depth. Since you can tweak things like the water temperature, grind size, and how you pour, it’s perfect for anyone who loves experimenting to create their ideal brew. Plus, it’s simple and has a nice, relaxing ritual to it, which makes it a go-to for many coffee lovers.
“You don’t need a ton of fancy gear to brew amazing coffee at home – just stick to what makes you happy,” suggests Alejo Galindo, one half of the duo at friendly coffee resource The Coffee Nerds. “A glass flask style brewer is a solid choice for manual pour-overs and easy to store when not in use. Just make sure to have a decent grinder and a water kettle for best results.”
Handheld presses, plungers, and stovetop espresso
Handheld tools, like portable espresso makers, manual presses, or stovetop brewers, are a great option for coffee lovers who want to enjoy stronger coffee on the go, in small spaces, or on a budget. These compact devices use manual pressure to brew rich, concentrated coffee without needing a bulky machine. While they require a bit more effort compared to automatic machines, they offer tasty results and the flexibility to brew anywhere, whether you’re at home, traveling, or camping.
“If you love espresso and are short on space, a manual coffee press will take your love for coffee out of this world. Easy to use and easy to clean this brewer provides a fantastic concentrated coffee with a unique design and consistent results,” shares Matt Milletto, owner of classic Portland, OR roaster, Water Avenue Coffee.
“Handheld espresso makers are perfect for espresso-based drinks without taking up any counter space,” Galindo agrees.
Another recommendation comes from the experts at Pawling Coffee Roasters in Pawling, NY. “A plunger-style coffee device is ideal because it brews high-quality coffee without taking up much space. Once you gauge how much coffee you use per batch, you can eyeball it going forward. As long as your setup is organized, it looks great and lets you focus on what really matters: the delicious taste and aroma of freshly brewed coffee.”
Jim D’Andrea from Maker’s Coffee Company adds, “Brewers like these fit any kitchen and produce amazing results. An electric kettle adds a simple way of heating water to ideal brewing temperatures which makes a huge difference in taste.”
Automatic machines
Home coffee machines are a great investment for coffee lovers who want to enjoy cafe-quality brews right from their kitchen. These machines come in various types, ranging from manual and semi-automatic to fully automatic and super-automatic models, each offering different levels of control over the brewing process.
“When creating your home coffee station, there are many options,” agrees Home Coffee Tips author Ben Farrer, a trusted source for many types of brewing equipment. “For something modern, easy to use and space-saving, I would recommend a pod machine for convenient espresso. If you want to take it to the next level, I advise a home espresso machine and an electric burr grinder.” To complement your espresso-making setup, Ferrer adds, “You can buy plenty of coffee brewing accessories to match your kitchen aesthetic, like wooden tampers and coffee mats.”
Drip coffee makers are another automated classic that give you an easy and consistent brew every morning. “My favorite drip coffee maker is my go-to for the best drip coffee every morning,” says Milletto from Water Avenue Coffee. “It’s compact, precise, and delivers 8 perfectly brewed cups, bringing the local coffee shop into your kitchen.”
“Treat yourself to a good espresso machine, steam pitcher, tamping mat, and knock box to elevate your coffee space,” adds Carol from decaf coffee provider based in Springdale, AR, Talking Crow Coffee Roasters.
“Finish off your coffee brewing setup with a scale,” Carol continues. A scale can be used for multiple different brewing methods to help find consistency by measuring the amount of coffee and water used in your brewing process, ensuring a more predictable cup every time.
As the professionals at Seattle-based Langskip Coffee suggest, experimenting with different brewing methods to find your ideal cup of coffee is one of the key steps to creating the perfect coffee bar at home.
3. Invest in a burr grinder
If you’re looking for the quickest way to elevate your home coffee experience, burr grinders are essential if you value consistency and control over the grind size of your coffee beans. Mindful consumption blogger Laura Yoder at Black Coffee Beautiful nods her head to the importance of a grinder, sharing, “A grinder gives renters an opportunity for high-end flavors, even if space is limited and the budget is tight.”
Unlike blade grinders, burr grinders use two abrasive surfaces (burrs) to crush coffee beans evenly, resulting in a more uniform grind that enhances the flavor and quality of the brew. “The biggest difference between average and great coffee is the quality of the grind, and a burr grinder delivers consistent results,” confirms Berry of Ember Coffee Co.
“Don’t skimp on your grinder while you splurge on your brewer – flip that around,” seconds Matt Boshart, owner and head roaster of Reboot Roasting located in Omaha, NE. “A high-quality burr grinder should be the focus of your home setup.”
4. Use good quality coffee beans
Whether you’re using a simple drip machine or an elaborate espresso setup, starting with quality coffee beans ensures that your brewing efforts result in the best possible taste, making every cup more tasty. “You don’t need a complicated setup for delicious coffee at home,” confides owner of Florida-based Coast to Coast Coffee, Matthew. “The two most effective tips to achieve coffee nirvana are to first, get your hands on freshly roasted beans. Second, grind them right before brewing.”
Keep your beans fresh
The freshness of the beans you’re using is important—treat coffee like an item with an expiration date, and don’t grind the beans until right before brewing for more flavor. To keep your beans staying fresh, Michelle Kaliher from the spooky themed roaster Sinister Coffee and Creamery in Portland, OR recommends storing your beans in an airtight container, away from light and heat. “Whether you prefer the bold richness of plunger coffee or the clean, smooth taste of a pour-over, this keeps the beans fresh and full of flavor,” Kaliher advises.
Try a coffee bean subscription
Coffee bean subscriptions are another way to ensure a steady supply of fresh, high-quality coffee delivered right to your door. Francesca from the Lux Cafe Club, a service that provides customers with high quality coffees, reminds that the key to a great home coffee experience is freshly roasted beans. A subscription service allows for delivery of premium coffee at intervals that suit your coffee habits, with a range of options allowing you to select your preferred roast level, grind size (or whole beans), and even specific flavor profiles.
Sample different flavor profiles
If you’re looking for a fan favorite, “Try a medium roast, which offers a bright and balanced flavor that everyone can enjoy,” says Claudia at Haymaker Coffee. By using high quality coffee beans in your daily coffee ritual, you can tailor your coffee experience to your taste preferences. Whether you enjoy light, fruity notes or deep, rich flavors, investing in quality coffee beans is essential for unlocking the full potential of your home coffee bar.
5. Keep your at-home coffee bar organized
As you develop your coffee bar at home, staying organized is crucial for both efficiency and aesthetics, ensuring that your space is easy to use and visually appealing. “If you want to create the perfect home coffee space, the best one is the one you’ll use,” advises Toby of Coffee with Conscience.
“Focus on keeping things simple with quality brewing equipment and smart storage solutions for your beans,” says Katie, author of motherhood and coffee blog KT Likes Coffee. “A clutter-free setup makes your morning coffee ritual smoother and more enjoyable.”
Tips and tools for an organized coffee bar
“Home coffee setups can take up quite a bit of counter space, especially if you dive deeper into the hobby,” confides Andrew Richter, founder and head roaster at New York-based Gotham Coffee Roasters. “My most recent coffee bar additions have been a mountable power strip to free up outlet clutter, and a dedicated paint brush to clean my messy grinder. Keeping a work area neat helps free up space whether you’re at home or in a professional shop.”
“Use space-saving organizers like hooks to hang your cups and dosing vials for your favorite specialty coffees,” adds Ember Coffee Co’s owner. “Efficiency is everything—plus, storing your beans in neat little vials helps you keep the space tidy and stylish.”
The professionals at Haymaker Coffee suggest keeping organized by using clear containers for your coffee and tools, making everything you need for making coffee at home easy to find. Clear, labeled jars not only help you quickly find what you need but also add a clean, decorative touch to your coffee bar.
By maintaining an organized home coffee station, you create a space that’s both functional and beautiful, making your coffee routine smoother and more enjoyable.
6. Let your coffee station be an expression of your style
As you develop your coffee bar at home, personal touches are what make a coffee station feel like it belongs in your space. Styling your coffee corner is an opportunity to have fun and express your creativity while making your coffee routine more enjoyable. “A plant or two, a jar of cinnamon sticks, and a cozy mug make the space feel warm and inviting,” affirms Lauren Dryer from the Scandi-inspired Langskip Coffee.
However, there are many ways to help your home coffee bar feel more personalized.
Display unique mugs and drinkware
“The perfect home coffee station combines style and functionality, creating a cozy corner to elevate your daily ritual,” emphasizes Eleni, the potter behind Pottery by Eleni. “Start by adding a special touch with a handmade mug, offering both beauty and comfort with each sip. Complete the look with a cream and sugar set, a charming countertop accent that keeps essentials within easy reach while adding an artisanal flair to your space.”
Double-walled glass mugs also offer a stylish touch to your space while keeping your coffee at the perfect drinking temperature, and come recommended from the experts at Kaffe Products.
“Set out a coordinated set of mugs for a cohesive look,” agrees Diane from the pod machine company Bruvi. “Showcase your style with sugar and spoons in attractive containers like neutral ceramics or baskets on a small tray.”
Use decorative organization
“Our mantra is to minimize clutter but maximize style,” continues the coffee experts at Bruvi. “Clear glass or acrylic canisters don’t take up visual space but are a great way to display coffee pods.”
For easy clean-up and mess-free brewing, Nomad Coffee Club recommends adding a stylish coffee tray to minimize messy grinds or coffee stains on your countertops.
“Use a small, dedicated corner with floating shelves for easy access to mugs and coffee beans,” adds Gunnar Monson, the face behind Sasquatch Coffee in Oregon. “Keep your home coffee bar organized with labeled jars for beans and tools, making your morning brew as seamless as it is enjoyable.”
Add art and other personal touches
“Don’t be afraid to showcase your personality through quirky signs, vintage finds, or color schemes that speak to you,” advises Stephanie LeBlanc, author of the home styling blog Celebrated Nest. “Remember, your coffee bar should reflect your taste while still being practical – it’s all about making your daily brew feel special.”
“I love tying in personal touches,” agrees Maggie, the creator behind Coffee With Maggie and the early bird newsletter. “My coffee corner has a few plants, and features a custom painting my best friend, By Annie B., did of the cups from all my favorite coffee shops which ties the whole space together.”
Customize your space with renter-friendly style options
When creating a rental-friendly home coffee bar, it’s important to focus on styling options that won’t require permanent changes or damage to the space. “For personalization, go for renter-friendly options like peel-and-stick wallpaper or removable hooks to hang mugs or decor without damaging walls,” recommends hosting expert Gina Dickson of Intentional Hospitality.
You can also focus on the aesthetics of your brewing equipment to bring more style to your at-home coffee bar with practically no effort. “Your morning coffee sets the tone for the rest of your day, so regardless of your favorite brew method be sure to choose one or two products that are unique, expressive of your personality, and elevate your daily routine,” says Aby Henry, the owner of Portland’s Bridgetown Sparrow Ceramics. Artfully crafted, matching pour over and mug sets are one of Henry’s favorite ways to add flair to any home coffee bar.
Finish off your renter-friendly coffee space with colorful trays, baskets, or countertop organizers for an easy and aesthetic corner of your home.
Change up your home coffee bar to match the seasons
If you love to change things up in your home for each season, your home coffee bar is the perfect place to start celebrating. “Provide a functional and pretty space for your guests to enjoy a cup of coffee, starting with styling the space with seasonal decor items,” says country living blogger Lynn Langford with At Home in the Wildwood. “Risers and tier trays are perfect for decorating the area for the holidays or seasons. I also like to keep tea and hot cocoa supplies in the same area for those who might not be coffee lovers, but want a hot beverage.”
“Refreshing your coffee bar for each season is my favorite way to infuse personal style into our vintage farmhouse kitchen,” adds the author of Celebrated Nest. “I love expressing my style by swapping out mugs on a tiered tray or hanging seasonal wreaths – easily adaptable ideas for any space. The key is to keep your essentials in place and decorate around them with easily changeable pieces, allowing you to transform your coffee station from summer refresh to fall cozy without any permanent changes.”
Choose a color theme
Using color in your home coffee station is a fun way to add personality and vibrancy to the space while enhancing its overall aesthetic. Incorporate pops of color throughout for a more balanced look, or use color to highlight your coffee bar as a focal point in your home.
“I get the most compliments on our very pink to-go cup station. It includes matching cup sleeves adorned with our family monogram that I’ve designed and hand stamped, plus pink straws and hot coffee lids to match my iced/hot latte mood accordingly for the full custom cafe moment,” reveals lifestyle and home blogger Elle Wagner. “Our guests always get a huge kick out of how extra it is,” she laughs.
The key to personalizing your home coffee bar is to balance style and practicality, ensuring that your decorative elements don’t overwhelm the space but instead contribute to creating an organized, beautiful area that enhances your coffee-making experience.
7. Focus on technique for perfect coffee at home
The final step in elevating your at-home coffee bar is to make sure the coffee you’re making tastes great. If you’re getting the perfect flavor every time, you’ll be more inspired to use your home coffee station regularly.
Women-lead roasters Coroco Coffee Roaster Collective, based in Sycamore, IL, and Tostado Coffee Roasters in Portland, OR are powerful workhouses in the coffee space, and were happy to share the secrets to making coffee at home that mimic the professional cafe experience.
Use filtered or distilled water
Water plays a crucial role in brewing coffee at home, as it makes up about 98% of your final cup and acts as the primary solvent to extract flavors from the coffee grounds. The quality of the water you use directly affects the taste and balance of your coffee.
“Use filtered water and keep your equipment clean to ensure each cup tastes fresh,” emphasizes Adriana Lopez, the woman behind Tostado Coffee Roasters. Filtered water can remove impurities like chlorine, which can give your coffee an off-flavor.
“Consider using distilled water combined with a mineral enhancer to create the ideal mineral profile for brewing,” shares Karen Weckerly, roaster and owner of Coroco. Too-soft or distilled water can result in a flat or dull taste, but certain minerals in water are needed to bring out the coffee’s full flavor profile.
Get your water temperature right
The temperature of your water also matters, with ideal brewing temperatures for any manual coffee being just off boiling, around 202°F, continues Weckerly. Water that’s too hot (above 205°F) can over-extract the coffee, leading to a bitter taste, while water that’s too cool (below 195°F) might under-extract, resulting in weak or sour flavors.
Use one part coffee to a higher amount of water
“Experiment with water-to-coffee ratios and brewing methods to find your ideal strength,” recommends Lopez.
“The golden ratio for coffee is 1:15 to 1:18 which means one part coffee to 15-18 parts water,” explains Weckerly. “This is perfect for a lot of brewing methods, including pour-overs, drip, and plungers.”
You can use a scale at first to get the hang of what this looks like, then as you get more comfortable, eyeball the amount of coffee and water you use each day for a truly seamless (and delicious) home coffee experience.
Pay attention to your grind size
Grind size is one of the most important factors in making great coffee at home, as it directly influences the overall flavor of your brew. The size of your coffee grounds determines how quickly water passes through them and extracts the flavors.
“A good double shot requires 17-20 grams of very finely ground coffee – think flour like consistency,” advises Weckerly.
A medium grind, with a texture resembling sand, works well for drip coffee makers and pour-over methods, balancing extraction time and flavor. For brewing methods like French press or cold brew, a coarse grind is ideal, as the slower brewing process requires larger grounds to prevent over-extraction and bitterness.
Lopez encourages home coffee enthusiasts to experiment with grind size and brewing methods to highlight the unique flavors of your favorite beans, giving you the best experience in your new home coffee bar.
Go forth and create your perfect coffee bar at home
“For some, at-home coffee bars are a simple budgeting hack—but for me, it’s truly a daily luxury that I miss when I’m traveling,” admits lifestyle and home blogger Elle Wagner. “The key to an iconic coffee bar is how custom you’re willing to make yours. Investing in the right coffee makers, stocking and importing my favorite beans, pods, syrups, and milks, and even matching everything to my favorite color just for fun has made all the difference to using my setup on the daily.”
As you start creating your own coffee bar at home, remember that it’s all about making the space your own. Whether you invest in high-end equipment or start with the essentials, make sure you craft a setup that enhances both your coffee experience and your living space. With a bit of inspiration and planning, your at-home coffee bar can become the perfect spot to fuel your day and indulge in your love for coffee.
Another fintech has been quietly growing in the mortgage space, looking to solve the age-old “buy before you sell” conundrum.
A major challenge for prospective move-up buyers these days is unloading their old property while securing a new residence.
Exacerbating the issue is a continued lack of for-sale inventory, coupled with waning affordability thanks to high home prices and mortgage rates.
This can make it difficult to float two mortgage payments while finding a buyer for their old home.
Enter Calque, which partners with local mortgage lenders to ensure the home loan piece is solved.
Calque’s Trade-In Mortgage
The Austin, Texas-based company actually offers two products to make it easier to buy and sell a home at the same time.
Their so-called “Trade-In Mortgage” allows home sellers to gain access to their home equity ahead of time without needing to sell first.
This second mortgage acts as a bridge loan, freeing up liquidity so you can make a stronger offer.
And it comes with a guaranteed back-up offer where Calque will buy your old home, allowing you to submit cash-like offers.
This gives buyers increased purchasing power in a number of different ways, whether it’s an increased down payment, larger cash reserves, or the ability to pay off other high-cost debt.
It can also make the buyer more competitive in a housing market that continues to be plagued by low inventory.
If you find yourself in a bidding war, coming in with a larger down payment can help you win the property over other bidders.
Even if competition isn’t strong, a larger down payment may allow you to make a low-bid offer, as the seller will favor an offer with more money down.
In addition, you can offset the cost of a higher mortgage rate on the replacement property by putting more money down.
A few months back, a friend of mine sold his old home with a super cheap mortgage and used the sales proceeds to pay down the new high-rate mortgage.
While this was a good solution to cut down on his interest expense, it didn’t lower his mortgage payments, which still amortize normally despite the extra payment.
This means he’ll either need to request a loan recast to lower future payments, or he’ll need to wait for a good opportunity to apply for a rate and term refinance.
The Trade-In Mortgage allows you to apply a larger payment on the new home upfront before you sell your old one.
As a result, you won’t necessarily need to refinance or complete a recast since lower monthly payments will be reflected by the smaller loan amount.
You may even be able to get a lower mortgage rate thanks to a lower loan-to-value ratio (LTV), and/or avoid private mortgage insurance (PMI) in the process.
And you can use some of the money from the bridge loan to fix up your old home so it sells for a better price!
Calque’s Contingency Buster
Recently, Calque rolled out a “lighter” buy before you sell option known as “Contingency Buster.”
It allows home buyers to achieve the same basic result without taking out a second mortgage.
In the process, they can make offers without home sale contingencies and exclude the old mortgage payment from their DTI ratio.
As long as your lender is approved to work with Calque, you can make a non-contingent offer on a new home while not worrying about having to qualify for two mortgages.
It’s hard enough to afford one mortgage, so attempting to float two at the moment is likely a deal-breaker for most.
Like the Trade-In Mortgage, Contingency Buster leverages the company’s Purchase Price Guarantee (PPG).
It’s a binding backup offer put in place that will only be employed if your current home doesn’t sell within 150 days.
The agreed-upon price will likely be below-market, with the sample calculator on their website displaying 70% or 80% of estimated value offer.
So obviously you’d still want to sell your home on the open market to a buyer other than Calque.
How Much Does Calque Cost?
There are three possible fees depending on which program you choose.
This includes a $2,000 flat fee paid to Calque, along with 1% of the Purchase Price Guarantee amount.
For example, if they offer to buy your old home for $600,000, it’d be $6,000 + $2,000, or $8,000 total, taken from your sales proceeds.
If you needed the bridge loan to access your equity ahead of time via the Trade-In Mortgage program, there’s also a $550 flat fee. And the interest rate is apparently 8.5% on that loan.
So you’d be paying some interest until you closed on the new home and were able to pay off the bridge loan with the proceeds.
Those simply using the Contingency Buster would only owe the $2,000 plus 1% of the offer price. This seems to be the case whether they sell the property on the open market or not.
Is This a Good Offer?
Whenever I come across programs like this, I try to determine if they’re a good deal or not.
Ultimately, many prospective home buyers can’t buy a new home without it being contingent on the sale of their old home.
It’s just impossible for a lot of folks to carry two mortgages from a qualification standpoint.
Even if they could, there’s also the uncertainty of the old home being stuck on the market and continuing to carry that cost.
So from that perspective, this alleviates those problems and concerns. But as noted, there are costs involved with the program.
And the biggest potential cost is selling your home for just 70% or 80% of its value. While the other fees are reasonable sounding, selling for a 20-30% haircut isn’t great.
In other words, Calque could be beneficial, but you’d still want to sell your old home to a third-party buyer for top dollar (or as close to it as possible).
Otherwise you could be leaving a ton of money on the table. And it kind of defeats the purpose of using the program to begin with.
For me, this means understanding upfront how easy it’d be to sell your current home and at what price to avoid any unwanted surprises.
Lastly, you’d need to use a mortgage lender who is approved to work with Calque. So you’ll also need to ensure this lender is competent and well-priced!
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.