Seems like a simple thing — to measure the square footage of a house. Just multiply the length by the width of each room and add up all your numbers. Not so fast. First of all, what’s a “room”? Do closets count? Basements? And why does accurate measuring even matter? There’s a lot to unpack.
What’s so important about getting square footage right?
If you’re moving into a new home and you want to know if your California king is going to fit into the primary bedroom, it’s nice to know the room’s square footage.
But there’s more riding on how to calculate the square footage of a house than just being able to fit your stuff. The square footage of a house determines its value. Lenders rely on square footage for mortgage calculations, tax assessors rely on square footage for assessments.
So, if you’re renting a house now but thinking of buying, it’s important to understand your current square footage so you can make a good comparison when house hunting.
What’s included in a house’s square footage?
There are several different answers to this question. First, here are a few terms to understand:
GLA (gross living area) is a home’s finished livable space above ground. And, if any part of the finished space is below grade, the entire area is typically known as below grade. GLA calculates when appraisers measure the home’s exterior. It goes in public records and is often important for tax purposes.
TLA (total living area) is like GLA but it includes finished basement space or possibly an accessory dwelling unit (ADU).
Living space is determined by American National Standards Institute (ANSI) Z765, which is a voluntary guideline for describing, measuring, calculating and reporting area for single-family homes.
Living space generally refers to “anything that is under the roof, within the house that is finished and heated — space heaters don’t count,” said Bryan Reynolds, a Certified General appraiser in Kentucky and Tennessee and president of the National Association of Appraisers.
Rooms to measure when calculating the square footage of a house
You might be surprised by which rooms are included — and which are not — when determining how to figure out square footage:
Bedrooms
Bathrooms
Kitchens
Hallways
Finished closets
Areas that don’t count towards the square footage of a house
There are plenty of rooms or spaces in your home that would qualify as “living space,” but don’t get counted in the total square foot calculation:
Finished basement: Say you have a ranch home with 1,000 square feet above ground and a 1,000-square-foot finished basement. An appraiser would say it’s 1,000 square feet of above-grade space and 1,000 square feet below grade. A real estate agent might say that there are 2,000 total square feet.
Enclosed porch: “If it’s unheated or used seasonally and there’s a separate door to the livable area, then it’s not included,” Reynolds said. But “if it’s finished in similar quality to the rest of the home, functional in design and has a heat source that is permanent in nature, then it can be included.”
Garage: The normal garage storage space doesn’t count. However, a bonus room above the garage might count. Only if it’s heated and 100 percent finished to a similar quality as the house. And, if it’s directly accessible from the inside of the house though.
Accessory Dwelling Unit: Unless it’s actually part of the house, it’s considered a separate entity.
Then, if you want to really get into the weeds, what about the sort of dead space under the stairs? According to Reynolds, ANSI says to include it, but AMS (American Measurement Standard) allows you to remove it from the square footage equation.
And, if you’ve got a bay window with a bench under it, one could argue that if you were to take the bench away, there would be useable floor space and that should come with the square footage.
How to figure out the square footage
Now that you know what to measure, here’s how to measure. But first, remember the aforementioned ANSI Z765?
For a room to make it in a home’s total square footage, the ceiling must hit a certain height — seven feet or higher or six feet four inches if there are beams or soffits. Plus, no portion of the finished area can have a ceiling height of less than 5 feet.
Let’s say you’ve got a Cape Cod with a sloped ceiling and knee walls. That portion under the sloped ceiling (if it’s five feet or less) is not counted in the square footage (see image). In addition, the rest of the ceiling must hit at least seven feet for at least half of the room’s floor area.
Photo source: AccurateHomeMeasuring.com
Keep in mind that an appraiser will, hopefully, look around inside the house but will measure the house from the exterior — unless there’s that pesky sloped ceiling situation, in which case they will have to go inside or the square footage will be off.
According to Hamp Thomas, certified residential appraiser and author of “How to Measure a House Using the ANSI Standard,” the pros use a 100-foot tape measure to do their job. Certainly, a shorter tape measure would work. However, there is a lot of stopping, starting and adding that can lead to inaccuracies.
Measure around the outside of the house above the foundation. Multiply the length by the width of each rectangular space. If you’ve got a second story and can’t reach a corner on the exterior, for example, measure from the inside and then add the width of the exterior walls.
Know why you’re measuring
It’s likely that, if you’re reading this, you’re not a professional appraiser. If you’re interested in getting a general sense of how much footage you have in your house, grab a measuring tape and measure each room’s length and width and multiply those numbers. Then add all the square footages together. “Don’t forget to include any outside walls thickness, or just measure from the exterior,” Reynolds said.
If a room isn’t a nice rectangular shape and has jogs and bumps, create rectangles, measure and multiply the length by width. Then, add up all the bits and pieces.
And if old-school tape measures aren’t your thing, there are lots of free measurement apps that you can download to your phone. You can also put the information into Calculator Soup’s square footage calculator, which can help you figure out the square footage of differently shaped rooms.
Measure on.
Stacey Freed is an award-winning writer and former senior editor for Remodeling, a trade publication focused on the business of the remodeling and construction industry. As an independent writer, she continues to write about the building, design, architecture and housing industries. Her work has appeared in Better Homes and Gardens and USA Today special interest publications, Realtor magazine, This Old House, Professional Builder and online at AARP, Forbes.com, House Logic and Sweeten.com among other places.
In the past, investing was thought of as something only wealthy people did. And unfortunately, many people used this as an excuse to put off saving for retirement, saying they would do it when they earned more money.
But if you wait to start investing, you lose out on the benefits of compound interest and shortchange your retirement savings. So, it’s best to get started as soon as possible, even if you only have a bit of money to tuck away every month.
One of the easiest ways to invest money is by using micro-investment apps. This article will explain what micro-investing is, how it works, and six micro-investing apps we recommend trying out.
10 Best Micro Investing Apps
Micro-investing apps make it easy to get started with small amounts of money and learn the basics of investing. We’ve compiled a list of the best micro-investing apps on the market today. Whether you’re a beginner or a seasoned investor, you’re sure to find an app that fits your needs and investment goals.
1. Robinhood
Account minimum
Margin accounts, ETF’s, crypto
Great for beginners!
Robinhood aims to make investing accessible to everyone, which is evident in the fact that the company doesn’t charge any commission or management fees.
In addition, there’s no charge to open a brokerage account, and bank transfers are free as well.
The app is designed for beginners, so there is no confusing terminology, and the interface is easy to use.
Unlike other micro-investing apps, Robinhood lets you trade full stocks and cryptocurrencies like Bitcoin. However, it doesn’t offer mutual funds and bonds.
Check out our in-depth review of Robinhood.
2. Axos Invest (Formerly WiseBanyan)
Account minimum
New investors
or goal-based investing
You can get started with Axos Invest (formerly known as WiseBanyan) for just $1. The company doesn’t charge any trading fees for the most basic version. But if you upgrade to one of the premium versions, the company does charge fees.
Axos Invest focuses on goal-based investing, so once you sign up, you’ll be prompted to create your first “Milestone.”
Then, you’ll enter how much you want to save and by what date. From there, Axos Invest recommends how much you should save to reach your goal.
3. SoFi Invest
Account minimum
$0 for Automated Investing
$1 for Active Investing
Active and Hands-Off Investors
SoFi is a well known brand in the personal finance space, and their investing app is another high quality product.
This investment service provides users with the ability to either trade actively or opt for automated trading tools to take care of your account.
SoFi is geared towards trading in fractional shares, which they refer to as “stock bits”. This means the app is a solid choice for those wanting to invest their spare change.
You can also tap into savings accounts or make larger deposits to add more to your investment accounts.
4. Plynk
Account minimum
$2 per month
New investors
Plynk is designed to guide your learning while you begin to invest. The Plynk app offers investors access to a selection of stocks, ETFs, mutual funds and four cryptocurrencies. And you can start investing with just $1.
One of the best things about Plynk’s platform is the straightforward, easy-to-understand language. You won’t find technical jargon or complex charts and tables.
The Plynk app also allows investors to easily set up dollar-cost averaging, which is an ideal investing technique for many new and experienced investors.
5. Webull
Account minimum
Active traders and investors
Webull is a stock trading app offering free stock trading as well as free trades on ETFs, options and cryptocurrencies.
Webull also allows users to trade fractional shares, making it a great choice for micro investing.
Webull provides users with plenty of powerful tools to assist with in-depth trading analysis, making it a solid option for active and experienced traders. Plus, setting up a Webull account is free and there are no account minimums to worry about.
6. Stash
Account minimum
$1 per month
New investors
or tax-advantaged retirement accounts
Stash is another hands-off micro-investing app designed for beginner investors. After you sign up, Stash will ask you a series of questions to determine your tolerance for investment risks. You will be labeled as a conservative, moderate, or aggressive investor.
One of the unique things about Stash is that you can choose the types of companies you want to invest in. So if there is a particular cause or type of company that you’re interested in, you can set that in your investing preferences.
After you’ve chosen the types of companies you’d like to invest in, you’ll set up your “Auto-Stash.” You choose how much you want to invest and how often.
7. Public
Account minimum
(1-2% markup on crypto)
Young investors
Public.com is a blend of both investment and social media platforms. It’s designed for younger and socially oriented investors who would like to own fractional shares of stocks and ETFs.
You can share ideas within a community of like-minded investors. You might think of it as a kind of investing social network.
The aim of Public.com is to create an inclusive and educational community focused on stock market trading and investment.
For young investors who wish to align their social and investing preferences, as well as learn from other investors, Public.com is a great option.
8. Betterment
Account minimum
Low balance investors
Goal-based investing
If you’re looking for something a little more hands-on, then Betterment might be a suitable option for you. Betterment gives you the option to work with a financial advisor who can make investing recommendations.
There are two different plans to choose from, and the most basic plan doesn’t require any upfront balance to get started.
Betterment is a great option for anyone who wants an easy investing option while still maintaining a bit of control over their investment portfolio.
9. M1 Finance
Account minimum
Experienced Investors
M1 Finance might be the best micro investing app for more experienced investors. It is ideal for those looking for customized investment portfolios with some automated options, as well as those looking to set up commission free retirement accounts.
Purchasing fractional shares, setting up recurring deposits and extensive portfolio management options is easy with M1 Finance’s quality app. M1 Finance aims to be a singular personal finance app for building wealth and establishing a diversified portfolio.
Above all, M1 Finance makes investing easy. Simply deposit your funds, set your stock and index selections and use their automated service for commission free trading.
M1 Finance will also automatically rebalance your portfolio in accordance with your stated asset targets, to improve the overall performance of individual stocks.
10. Acorns
Account minimum
$1 per month
Hands-off investors
(e.g., College Students)
If you want a hands-off approach to investing, Acorns will be your best bet. After you sign up, you’ll connect your credit card or debit card to Acorns.
Then, whenever you make a purchase, Acorn rounds it up to the nearest dollar and deposits that “spare change” into your investment account.
For instance, if you make a purchase of $9.67, Acorns will save the additional 33 cents for you. Once your Acorns account reaches $5, the company will invest the money for you.
Acorns also gives you access to a robo-advisor, IRAs, and even a checking account.
What is micro-investing?
According to one survey, more than 47% of Americans are not saving for retirement. When pressed about their decision not to invest, over 34% said they don’t have enough money to invest.
The basic premise behind micro-investing is that you only need a few dollars to start investing. When you use a micro-investing app, you invest in very small increments by buying fractional shares.
With a micro-investing app, you can invest as little as $5. And with micro-investing, you don’t have to know anything about the stock market. The money you save is put in a portfolio of stocks that the company creates for you.
Is micro-investing even worth it?
Micro-investing will not get you rich, and it’s not going to help you fund your retirement goals. For that reason, it’s easy to write micro-investment apps off as not being worth your time.
But every day you put off investing is one less day that your money can grow in the market. So, you can wait until you feel like you have “enough money,” or you can work with what you have today.
Here are just a few benefits of using a micro-investing app:
Invest with very little money: Micro-investing platforms allow you to invest, even if you only have $5 to spare. So if you can skip your morning latte, then you have enough money to give micro-investing a try.
Save it and forget about it: It’s hard to set aside money in a savings account. You know it’s there, and it’s easy to access and spend. With a micro-investing app, it’s easy to save your money and forget about it.
Build positive habits over time: Anytime you’re trying to build a new habit, it’s best to start small. Micro investing allows you to ease into investing, and you can start saving more money when you’re ready.
See also: How to Invest: A Basic Guide to Making Your Money Grow
Pros and Cons of Micro-Investing Apps
While it’s true that micro-investing provides many benefits, they’re not necessarily the right choice for everyone. It’s worthwhile taking the time to understand the all nuances before committing financially.
Pros
24/7 Access
Using a micro investing app allows you full access to your investment account around-the-clock. You won’t ever have to worry about opening hours or holidays getting in the way of your ability to monitor and manage your funds.
Easy Fractional Investment
Traditional investment in stocks and ETFs requires large amounts of funding, but micro investment means you purchase fractional shares quickly and easily. This means you can begin your investment portfolio with your spare change, rather than hundreds or thousands of dollars.
Low Account Minimums
Another factor which makes micro investment apps attractive are the low account minimums. Most micro-investing apps have $0 minimum balance requirements, so you can begin investing with as little as you wish.
Safety
As with traditional investment accounts, legitimate micro-investing platforms will be registered with the U.S. Securities and Exchange Commission. On top of that, all savings and checking accounts with micro investing companies are FDIC insured.
Cons
Fees Can Be High
Account fees can vary, so it’s important to watch out for this. Don’t assume that an account with low minimums will also have low fees. If you’re only investing small amounts, paying high fees might not seem like a good deal in the long term.
Limited Investment Choice
Most micro investment apps won’t allow you to handpick the stocks inside your portfolio. While you will have choice regarding which set portfolios you invest in, you’re less likely to be able to pick and choose specific stocks.
Won’t Change Your Retirement Plans
One thing to keep in mind is that using a micro investment app won’t do much to affect your retirement on its own. It’s more about learning good investment habits, and getting familiar with maintaining and growing a portfolio.
Features of the Best Micro-Investing Apps
So, how do you decide which micro investing app is the right one for you? We’ve compiled a list of the most important features below to help you know what to look for. The best micro investment apps will have the following qualities:
Ease of Use
Fundamentally, the best micro investment apps will be easy and intuitive to use. They are often free of the usual clutter and jargon of some traditional brokerage accounts. With simple, easy to navigate interfaces these apps should provide an enjoyable user experience for all.
Low Minimum Investments
Good investing apps should allow you to access the market with just a few dollars. This is possible because they’re designed to allow you to purchase fractional shares of ETFs and other assets. Not all investing apps will come with a low minimum investment, however, so be sure to check if you’re a low budget investor.
Diversified Investment
The best investing apps will provide users with the chance to invest in diverse portfolios which are automatically generated. Asset allocation and diversification can be challenging even for experienced investors, so this is a great feature of these apps.
When you’re starting out as an investor, the sooner you can learn about diversification the better. And these apps should make it relatively easy for you to both practice and learn about asset diversity.
Educational Tools
As most micro investing apps will be marketed to newcomers, education is an important factor. If you’re just starting out with investing, then the best micro investment app for you will likely provide a wealth of educational resources and advice.
Keep in mind, however, that most micro-investing apps won’t offer access to a professional financial advisor.
Recurring Transfers
The best investing apps allow you to easily set up automatic transfers from your bank account to fund your investment account. A recurring transfer can remove some of the human error involved in managing your account and allow you to quickly build up a habit of funding your account.
Additional Services
While some apps are minimalist and simple, others come with the option of additional financial services. In addition to brokerage accounts, some offer access to a savings or checking account, as well as IRA and custodian accounts. Depending on your own financial goals, an app with additional services might be worth the extra fees.
Final Thoughts
Micro-investing apps make it simple for anyone, even those with just $5 to spare, to begin investing in the stock market. The apps we’ve covered in this article provide a great starting point.
While micro-investing might not cover all your retirement needs, it’s a smart way to begin saving, especially if your budget is tight. The crucial thing is to start investing and gradually increase your contributions over time. This way, you’re setting yourself up for a better financial future.
Frequently Asked Questions
Which micro investing app has the lowest fees?
Among the micro-investing apps listed, Robinhood, Axos Invest, SoFi Invest, Webull, Public, and M1 Finance all offer commission-free trading, which means they do not charge fees for buying or selling stocks and ETFs. So, you can consider any of these apps if you’re looking for a platform with low fees for micro-investing.
Which app is best for small investments?
Choosing the best app depends on your own budget, needs and goals. The market for micro investment apps has grown rapidly, and there are a lot of different options out there.
The list we’ve compiled in this article are our top picks, and are among the best micro investing apps available. These apps make it easy and convenient to begin investing. They also provide various unique features, low fees, good customer support and educational resources.
Who should use micro investing apps?
Micro investing apps are a fantastic way to begin investing small amounts while you learn the ins and outs. But who will benefit the most from using these apps?
Beginner investors: These apps are perfect for young investors and newcomers because you only need a small amount of money to start.
Passive investors: Most of them are actually robo-advisors which invest on your behalf based on your needs and budget. This automated investing allows you to establish a diversified portfolio based on your goals that you can simply set up and forget about, letting it work away in the background.
Emotional investors: Automated investing means you can’t make rash emotional decisions based on market swings. Instead of constantly worrying about market performance, you just invest small amounts and build your portfolio slowly over time.
Can you get rich from micro investing?
Micro investing is primarily a strategy for saving and building wealth gradually over time. While it’s a valuable tool for starting your investment journey with small amounts of money, it’s important to have realistic expectations. It’s unlikely to lead to rapid wealth accumulation or “getting rich” in a short period.
How do I start micro investing?
Investing today is more accessible than ever before. Nevertheless, it still seems an intimidating world for those who have no experience or education. If you don’t know where to start, you can follow these steps to begin investing with confidence:
1. Decide Between DIY or Automated Investing
If you’re not yet comfortable choosing your own investments, and managing your own portfolio, you’ll want to start with robo-advisor investing. It’s totally normal for beginners to feel uncomfortable choosing stock to invest in, and automated investing is the safer option in any case.
2. Identify Your Investment Goals
This is often the hardest step for new investors, but it’s one of the most important. Figuring out your short and long term financial goals will help bring purpose and structure to your investment decisions.
Generally speaking, investing is successful when considered a long term project. You’re much more likely to find success with investments by holding stock long term, rather than trying to figure out when the best time to buy or sell is.
3. Determine Your Monthly Investment
The traditional advice is to save and invest 20% of your monthly income. With the rise of micro investing, however, you don’t even need to invest much to begin with.
It’s important to pick an amount you can reasonably commit to. Of course, you can always change your automatic investment amount, or just add on extra when necessary, but it’s always better to set it and forget it. Even if it’s a small amount, consistency and time and the key ingredients to good investing.
4. Choose an Account That Fits Your Goals
Once you’ve got your budget and goals determined, it’s time to choose a platform to begin investing with.
Keep in mind that you can always switch the platform you use for micro investing, use more than one, or even open a brokerage account. Just make sure to take all fees into account before you sign up and get committed.
Are there any limitations on the types of investments I can make with these apps?
Micro-investing apps typically focus on stocks, ETFs, and sometimes cryptocurrencies. While they offer a wide range of investment options within these categories, they may not provide access to more complex financial instruments like options, futures, or mutual funds.
Tulsa, Oklahoma, is bursting with culinary delights, and we’ve rounded up some of the best restaurants in town for you to try. From Caribbean and Italian to sushi and steakhouse, there’s something for every palate. Whether you’re a local looking for a new favorite spot or just passing through, these restaurants are sure to impress. So, if you’re ready to embark on a delicious culinary journey, here’s a list of must-try Tulsa restaurants that will leave you craving more.
1. Sisserou’s
Cuisine Type: Caribbean Restaurant Location: 107 N Boulder Ave Ste C, Tulsa, OK 74103 Website: Sisserou’s
Sisserou’s is known for its flavorful Caribbean cuisine, including jerk chicken, curry goat, and plantains. The restaurant also offers a variety of tropical cocktails to complement the vibrant flavors of the food.
2. Yokozuna
Cuisine Type: Sushi Restaurant Location: 309 E 2nd St, Tulsa, OK 74120 Website: Yokozuna
Yokozuna is a popular spot for sushi lovers, offering a wide range of traditional and creative sushi rolls. In addition to sushi, the restaurant also serves Japanese-inspired cocktails and other Asian fusion dishes.
3. Ti Amo
Cuisine Type: Italian Restaurant Location: 219 S Cheyenne Ave, Tulsa, OK 74103 Website: Ti Amo
Ti Amo is known for its classic Italian dishes, such as pasta, risotto, and wood-fired pizzas. The restaurant also offers an extensive wine list, perfect for pairing with delicious Italian cuisine.
4. PRHYME
Cuisine Type: Steakhouse Location: 111 N Main St, Tulsa, OK 74103 Website: PRHYME
PRHYME is a premier destination for steak enthusiasts, offering a selection of high-quality cuts and a sophisticated dining experience. The restaurant also features an extensive wine and cocktail menu to complement the steakhouse fare.
5. Antoinette Baking Co.
Cuisine Type: Bakery Location: 207 N Main St, Tulsa, OK 74103 Website: Antoinette Baking Co.
Antoinette Baking Co. is a charming bakery known for its delectable pastries, cakes, and artisan bread. In addition to sweet treats, the bakery also offers a variety of savory items, making it a perfect stop for breakfast or lunch.
6. Dilly Diner
Cuisine Type: American Restaurant Location: 402 E 2nd St, Tulsa, OK 74120 Website: Dilly Diner
Dilly Diner is a classic American diner serving comfort food favorites like burgers, sandwiches, and breakfast. The restaurant features a nostalgic ambiance with retro decor and a welcoming atmosphere.
7. STG Gelateria
Cuisine Type: Gelato Restaurant Location: 114 S Detroit Ave, Tulsa, OK 74120 Website: STG Gelateria
STG Gelateria is a delightful gelato shop offering a variety of artisanal gelato flavors, sorbet, and other frozen treats. The gelateria prides itself on using high-quality, locally sourced ingredients to create delicious desserts.
8. Lone Wolf Banh Mi
Cuisine Type: Vietnamese Restaurant Location: 203 E Archer St, Tulsa, OK 74103 Website: Lone Wolf Banh Mi
Lone Wolf Banh Mi specializes in Vietnamese street food, focusing on banh mi sandwiches, pho, and other traditional Vietnamese dishes. The restaurant offers a modern twist on classic flavors, creating a unique dining experience.
9. Chimera
Cuisine Type: Cafe Location: 212 N Main St, Tulsa, OK 74103 Website: Chimera
Chimera is a cozy neighborhood cafe known for its artisanal coffee, freshly baked pastries, and a diverse menu featuring breakfast, lunch, and dinner options. The restaurant also showcases local artwork and provides a welcoming community space for patrons.
10. The Vault
Cuisine Type: American Restaurant Location: 620 S Cincinnati Ave, Tulsa, OK 74119 Website: The Vault
The Vault offers a modern twist on American classics, with a menu featuring dishes like gourmet burgers, seafood, and handcrafted cocktails. The restaurant is housed in a historic bank building, adding a unique ambiance to the dining experience.
11. Bull In The Alley
Cuisine Type: American Restaurant Location: 11 E Mathew Brady St, Tulsa, OK 74103 Website: Bull In The Alley
Bull In The Alley is a hidden gem known for its upscale dining experience and a menu featuring prime steaks, fresh seafood, and an extensive wine selection. The restaurant is located in a historic alleyway, offering diners a secluded and intimate atmosphere.
12. The Local Bison
Cuisine Type: American Restaurant Location: 522 S Boston Ave, Tulsa, OK 74103 Website: The Local Bison
The Local Bison is a farm-to-table restaurant that prides itself on using locally sourced, sustainable ingredients to create seasonal menus featuring a variety of American cuisine. The restaurant also offers a selection of craft beers and cocktails.
13. East Village Bohemian Pizzeria
Cuisine Type: Pizzeria Location: 818 E 3rd St, Tulsa, OK 74120 Website: East Village Bohemian Pizzeria
East Village Bohemian Pizzeria is a cozy pizzeria known for its wood-fired pizzas, creative toppings, and a laid-back, bohemian atmosphere. The pizzeria also offers a selection of craft beers and wines to accompany the delicious pizzas.
14. The Chowhouse
Cuisine Type: American Restaurant Location: 18 Reconciliation Way, Tulsa, OK 74103 Website: The Chowhouse
The Chowhouse is a casual American eatery offering a menu of comfort food favorites, including burgers, sandwiches, and hearty entrees. The restaurant has a spacious outdoor patio, perfect for enjoying a meal in the open air.
15. Baxter’s Interurban Grill
Cuisine Type: New American Restaurant Location: 717 S Houston Ave Ste 100, Tulsa, OK 74127 Website: Baxter’s Interurban Grill
Baxter’s Interurban Grill is a modern American restaurant known for its diverse menu featuring a range of dishes, from gourmet burgers to seafood and pasta. The restaurant also offers a selection of craft cocktails and an inviting, contemporary ambiance for diners.
Start your real estate career off right by following the five keys to success as a Realtor. Today’s guest, Lars Anderson, follows these five principles and closes over 100 deals per year. Here, he shares how to ensure your success in this competitive industry as either a solo agent or as a team leader. Lars also discusses team splits, real estate scripts, and templates for getting transactions from start to finish smoothly. Tune in and take action toward your real estate goals.
Listen to today’s show and learn:
About Lars Anderson [0:57]
About RE/MAX Results [2:57]
The dynamics of a successful team [3:49]
A split solution for building a team [7:26]
The problem with hiring part-time real estate agents [10:55]
The five keys to real estate success [12:27]
Lars Anderson’s daily schedule [16:07]
How to start your day off right [19:32]
Training your brain for positivity [21:31]
Prospecting for real estate investor leads [22:15]
A script for picking up potential listing leads [30:02]
A property-value-based marketing strategy [33:07]
The cool thing about real estate teams [36:04]
Proven templates for closing deals [37:18]
An AI-based tool for templates [42:13]
Where to find and follow Lars Anderson [45:04]
What’s holding most Realtors back from success right now [45:32]
Lars Anderson
Lars is first and foremost a devoted husband and present father, and values spending quality time with loved ones. His why is helping clients build wealth, bless their communities, and bless future generations through unmatched real estate services. Lars is a full-time realtor and active investor in the Twin Cities and surrounding areas. He was born and raised in St. Paul, Minnesota. His interest in real estate is driven by his love for people and his desire to walk alongside them in the home buying, selling and investment process. His perspective is that his sole job is to add value, to educate and to empower his clients to feel confident and excited about the process of buying/selling/investing. He has a focus on investment properties from multifamily to NNN lease commercial space. Lars is all about building relationships, not just creating clients and the goal is to make a positive impact on the lives of those he serves. Lars is an active real estate investor himself and is in the process of building up a portfolio of investment properties around the Twin Cities and other markets. He really enjoys assisting others with investing in real estate as well and does so with first-hand experience. #ListWithLars
Related Links and Resources:
It might go without saying, but I’m going to say it anyway: We really value listeners like you. We’re constantly working to improve the show, so why not leave us a review? If you love the content and can’t stand the thought of missing the nuggets our Rockstar guests share every week, please subscribe; it’ll get you instant access to our latest episodes and is the best way to support your favorite real estate podcast. Have questions? Suggestions? Want to say hi? Shoot me a message via Twitter, Instagram, Facebook, or Email.
Looking for a unique way to add elegance and character to your home or office? Modern wall sculptures are becoming increasingly popular for their ability to transform any room into a work of art. With various shapes, sizes, and materials available, we have researched and tested numerous options to bring you the top-ranking products in this category. Our evaluation criteria include design, durability, and customer reviews. There are a few considerations to keep in mind when choosing the right modern wall sculpture, such as size, shape, and materials, as well as color, texture, and overall design. By selecting a sculpture that complements your existing decor and furniture, you can add personality and style to your space. Stay tuned for our expert recommendations on the best modern wall sculptures.
LuxenHome Wall Decorations Metal Art Brown
The LuxenHome 2-Pieces Wall Decorations Metal Wall Art is a stunning addition to any modern home. Measuring 36 inches, this abstract luxury metal art wall decor features a brown frame and intricate metal sculptures that add a touch of elegance to any living room. Its durable construction ensures long-lasting use, and it can be easily mounted on any wall. This metal wall decor is perfect for adding a touch of sophistication to your home, and it’s sure to impress your guests.
Rated 9.9 based on 10
Luxury design, Easy to hang, Sturdy frame
Size may not fit
YUDACHU Metal Wall Art Gold Wall Decor
The YUDACHU Metal Wall Art is a stunning piece of decor that will elevate any living space. Measuring 59″ x 19.6″, this large 3D wall accent is made of high-quality metal and features a modern, creative geometric design in a beautiful gold finish. It’s perfect for adding a touch of elegance and sophistication to your living room, bedroom, or dining room. Easy to install and sure to impress, this wall sculpture is a must-have for anyone looking to elevate the look of their home.
Rated 9.4 based on 10
Modern and stylish design, Large size for impact, Can be used in multiple rooms
May require professional installation
Hananona Wall Sculptures Black Wall Decor.
The Hananona 3 Pcs Wall Sculptures Black Wall Decor is a stunning piece of modern art that will elevate any room in your home. Made with thick real metal, this minimalist wall art showcases the abstract female body in a single line design. The black color adds a touch of sophistication and elegance to any space. Hang these sculptures in a series or separately to create a unique and eye-catching display. The standard size makes it easy to fit in any room. Overall, this is a beautiful and unique piece of art that will impress your guests and add a touch of personality to your home decor.
Rated 9.2 based on 10
Real metal material, Minimalist modern design, Easy to hang
Only one color option
THCISL Metal Art Wall Decor Gold Sculptures
The THCISL Metal-Art-Wall-Decor is a stunning addition to any home decor. With its elegant gold finish and modern design, it is perfect for adding a touch of sophistication to your living room, entryway, foyer, hallway, bedroom, or home office. Measuring 35 X 11 IN, it is the ideal size for creating a focal point on any wall. Made from high-quality metal, this wall sculpture is durable and built to last. Its unique design is sure to impress and will make a statement in any room. Whether you’re looking to add a touch of glamour or simply elevate your home decor, the THCISL Metal-Art-Wall-Decor is the perfect choice.
Rated 8.9 based on 10
Modern wall sculptures, Golden metal finish, Suitable for various rooms
May not match all decor
Creoate Abstract Metal Wall Art Black-set
The Creoate Abstract Metal Wall Art is a stunning addition to any home decor. With its modern minimalist design and sleek black color, it adds a touch of sophistication to living rooms and bedrooms alike. Measuring 11×16 inches per panel, this set of 2 pieces is easy to install and makes a great statement piece. Made of high-quality metal, it is durable and long-lasting. Whether you’re looking for a new focal point for your space or just adding a finishing touch, the Creoate Abstract Metal Wall Art is a must-have.
Rated 8.6 based on 10
Modern and minimalist design, High-quality metal material, Easy installation process
May not match all decor styles
thlabe Metal Wall Art Leaves Sculpture
The thlabe Home Decor Metal Wall Art Leaves is a stunning piece of artwork that will elevate the look of any living space. Handmade and crafted with gold metal, this modern wall sculpture features intricate details in the form of blooming flowers and leaves. Measuring at a large size, it’s perfect for adding a touch of luxury to your living room or bedroom. It also makes for a great gift for any home decor lover. The 3D design adds depth and texture to your walls, making it a statement piece that will surely impress any visitor.
Rated 8.2 based on 10
Handmade for unique touch, Large size for statement piece, Versatile for different rooms
May be difficult to mount
Cindeer Black Metal Woman Wall Art Sculpture
The 6 Pieces Black Metal Wall Decor is a perfect addition to any modern home. Made with high-quality metal, this minimalist abstract woman wall art is a beautiful and aesthetic female wall sculpture line drawing that will add a touch of elegance to any room. Hang it in your kitchen, bedroom, bathroom or living room and enjoy the contemporary and stylish feel it brings to your wall decor. With its lightweight and easy-to-hang design, you can easily install it anywhere you want, making it a must-have for anyone who loves minimalist decor.
Rated 7.9 based on 10
Modern and minimalist design, High-quality black metal material, Easy to hang and install
May not suit all decor styles
Photect Metal Wall Art Decor
The 4 Pieces Metal Wall Art Decor is a perfect addition for those who want to add a touch of modern and minimalist art to their home or office. Made of high-quality black metal, these sculptures feature abstract female figures in elegant single line drawings. Measuring 12″x 12″ each, these wall accents are easy to hang and will complement any room décor. Ideal for the bathroom, living room, bedroom, or office, these sculptures are sure to impress and add a unique touch to your space.
Rated 7.6 based on 10
Modern minimalist design, Easy to hang, Versatile for any room
Limited color options
Gzsyyds Wood Mosaic Wall Art MSM-148A
The Gzsyyds Wood Mosaic Wall Art is a stunning piece of decor that will elevate any room in your home. Made from high-quality wood, this 3D wall sculpture features a modern minimalist design that adds a touch of sophistication to your living room or bedroom. Not only is it visually appealing, but it also doubles as an acoustic diffuser, improving the sound quality in your space. The framed wall sculpture is easy to install and is a perfect way to showcase your unique style. Available in the MS148A design, this wall art is a must-have for those who appreciate the beauty of natural materials.
Rated 7.4 based on 10
Modern and minimalist design, Adds depth and texture to walls, Can improve room acoustics
May not fit all decor styles
Touch of Class Rave Large Metal Wall Art
The Touch of Class Rave Large Metal Wall Art is a stunning addition to any modern or contemporary home. Measuring 46 inches wide, this metallic artwork features abstract shapes and a sleek design that is perfect for adding a touch of style to your living room, bedroom, or bathroom. Made from high-quality materials, this sculpture is durable and long-lasting, and its unique design is sure to make a statement in any space. Whether you’re looking for a focal point for your room or simply want to add some visual interest to your walls, the Touch of Class Rave Large Metal Wall Art is a must-have for any art lover.
Rated 7.1 based on 10
Modern and contemporary design, Large size for a statement piece, Versatile for various rooms
May not match all decor styles
FAQ
Q: What are modern wall sculptures?
A: Modern wall sculptures are artistic pieces that are specifically designed to be hung on walls. They come in different forms, sizes, and materials and can be used to add a touch of elegance, style, and personality to any space.
Q: How do I choose the right modern wall sculpture for my space?
A: When choosing a modern wall sculpture, consider the size of the space you want to decorate, the color scheme, and the overall style of the room. Look for a piece that complements the existing decor but also adds a unique touch. You can also consider the material and texture of the sculpture to bring depth and interest to the space.
Q: Where can I buy modern wall sculptures?
A: You can buy modern wall sculptures from a variety of sources, including art galleries, online retailers, and home decor stores. Look for a reputable seller that offers a wide selection of high-quality pieces at a reasonable price. You can also consider buying directly from the artist for a more personalized touch.
Conclusions
After reviewing several modern wall sculptures, it’s clear that this category of decor offers a wide range of options for any home or office space. From geometric designs to abstract shapes, these wall sculptures can add a touch of luxury and elegance to any room. Our review process focused on quality, design, and customer feedback, and we found that each of the products we reviewed offered unique features and benefits. Whether you’re looking for a large statement piece or a smaller accent, there is a modern wall sculpture for every taste and style. Overall, we highly recommend exploring this category of decor and finding the perfect piece to elevate your space.
Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans.
“The pilot will use a fee-based structure that is more efficient, transparent and rewards lenders that deliver high-quality loans,” the GSE said. “Specifically, lenders will not be subject to repurchases on most performing loans and will instead be subject to a fee-based structure based on non-acceptable quality (NAQ) rates.”
That fee uniformly applies to both medium- and large-sized lenders based on NAQ rates, and will be waived for smaller lenders unable to deliver volume large enough to generate an NAQ rate that is “statistically significant.”
“Loans that are non-performing within 36 months or subject to life of loan defects will still be subject to repurchase,” Freddie Mac said. “This fee structure will begin with a limited rollout with targeted lenders in early 2024.”
Last month, Federal Housing Finance Agency (FHFA) Director Sandra Thompson said that the GSEs must implement a fair, consistent and predictable process for identifying loan defects and the appropriate remedies for them during an October event hosted by the Mortgage Bankers Association (MBA) in Philadelphia.
“After multiple years of record-high loan volume, we have seen an increase in the absolute number of repurchase requests – which is to be expected,” Thompson said at the event. “The good news is that there has been a large decrease in repurchase requests since their peak in early 2022, as the Enterprises have worked through loans originated during the refinance boom.”
Thompson went on to say that both Freddie Mac and Fannie Mae have examined their existing processes and practices, which include improving the language in selling guidelines and providing more consistent feedback to lenders on buybacks to minimize ambiguity during the underwriting process.
When exploring affordable places to live in Wisconsin, five cities stand out for their low rent prices and cost of living. These cities, Menomonie, Racine, Wisconsin Rapids, Oshkosh, and Beaver Dam, offer modestly priced rent, comfortable median incomes, and a relatively low cost of housing. They appeal to a diverse range of people, from young professionals to families to retirees. While each city has unique characteristics, they all share a common trait: affordability. The cities have been evaluated based on factors like population, median income, median home value, 2-bed asking rent, and an overall score reflecting the cost of living assessment.
Menomonie, WI
Menomonie, a small city with a population of 16,479, presents a cozy and affordable living situation ideal for renters. The median income here stands at $43,789 which aligns well with the median home value of $152,200. The 2-bed asking rent is a fairly low $725 which makes it an attractive option for people looking for cost-effective housing. The city is surrounded by numerous parks like Wakanda Park and Lakeside Park, making it ideal for outdoor lovers. Menomonie is also home to the University of Wisconsin-Stout, providing it a youthful, vibrant energy.
Racine, WI
With a population of 76,893, Racine is larger than Menomonie but still offers affordability for would-be renters. A median income of $44,346 and the 2-bed asking rent at $1,043 make it affordable for a wide variety of residents. Racine is known for its location on Lake Michigan shore, providing scenic beauty and recreational opportunities. Wind Point Lighthouse and North Beach are popular attractions in the city.
Wisconsin Rapids, WI
Wisconsin Rapids offers another affordable living option in Wisconsin. With a population of 17,691, the city presents a median income of $44,585. The 2-bed asking rent is slightly higher at $1,235, but is offset by the city’s lower median home value of $89,500. The city features attractions such as the Wisconsin River, with beautiful green spaces like Demitz Park and Ben Hanson Park adding to its charm.
Oshkosh, WI
Oshkosh, with a population of 66,753, offers an attractive mix of affordability and vibrant city life. The city has a median income of $51,282 with a 2-bed asking rent of $1,055. Oshkosh is home to the University of Wisconsin-Oshkosh, adding an academic atmosphere to the city. The Oshkosh Public Museum and the Oshkosh Farmers Markets are popular attractions that enhance the city’s appeal.
Beaver Dam, WI
Beaver Dam rounds up this list of affordable places to live in Wisconsin. With a population of 16,322, Beaver Dam offers its residents a higher median income of $55,551, with 2-bed asking rents averaging around $815. The city is known for Beaver Dam Lake and parks such as Edgewater Park and Tahoe Park, providing numerous recreational opportunities. The city’s neighborhoods feature a mix of historic charm and contemporary convenience, adding to the overall quality of life.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.
Ohio is a state that offers a unique blend of bustling city life and peaceful suburban tranquility. For those seeking an affordable place to lay their roots, Ohio boasts lower housing costs compared to the national average. From the serene landscapes of Lorain to the historic charm of Fostoria, the state of Ohio provides renters with a myriad of options that do not put a strain on their budget. These cities, which include Elyria, Lima, and Steubenville, offer lower rental prices, making them the top 5 cheapest cities to rent in Ohio.
Lorain, OH
Lorain, with a population of 63,832, is a city that guarantees affordable living without compromising quality of life. With a median home value of $90,700 and a median income of $40,486, Loraine’s reasonably-priced housing options stand out. The city offers potential renters the chance to lease a 2-bedroom apartment for just $695 per month. Located near the scenic Lake Erie and the beautiful Black River Reservation, Lorain offers several recreational opportunities for residents and a peaceful setting to come home to every day.
Elyria, OH
Elyria, Ohio, home to 53,844 residents, offers an attractive blend of affordability and opportunity. The city has a median home value of $107,600 and a median income of $43,816. The monthly asking rent for a 2-bedroom unit stands at $724. Elyria is home to Cascade Park, a beautiful natural area offering hiking trails, picnic areas, and a stunning waterfall, providing plenty of opportunities for outdoor fun and relaxation.
Lima, OH
With a population of 36,908 and a median income of $34,586, Lima’s affordability also extends to its rental market, where a 2-bedroom unit has an asking rent of just $628 per month. Lima’s median home value is $68,900, a figure that demonstrates the city’s commitment to affordable living. Apart from its affordability, Lima is well-known for its rich history, with attractions like the Allen County Museum and the Ohio Theatre adding to the city’s charm.
Steubenville, OH
Steubenville, with a population of 17,882 and a median income of $37,457, offers a quaint small-town living experience. The median home value in the city is $96,400, and the asking rent for a 2-bedroom unit is $550, making it an incredibly affordable place to live. Steubenville is not just about affordable living; it’s also rich in history and culture with attractions such as the Historic Fort Steuben and the Grand Theater.
Fostoria, OH
Fostoria, the smallest of the listed cities, with a population of just 13,193 and a median income of $42,131, offers an affordable and peaceful living environment. The city has a median home value of $66,000, with a monthly asking rent for a 2-bedroom unit standing at $700. Known for its Glass Heritage Gallery and several beautiful parks like the Meadowlark Park, living in Fostoria provides a mix of affordability and quality of life.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.
Thornburg Mortgage released a statement today saying it was unable to meet millions in margin calls and that’s its financial statements would need to be restated to account for a $427.8 million write-down to the value of its mortgage securities.
The Santa Fe-based mortgage lender said that as of end of business Thursday it had $610 million in outstanding margin calls “which significantly exceeded its available liquidity at that date.”
The company said it had roughly $580 million in available liquidity as of December 31, 2007, but was faced with approximately $1.8 billion in margin calls since then, satisfying just under $1.2 billion.
Thornburg received notices of default from four different lenders as of yesterday but said it was granted the ability to freeze additional margin calls through Friday while it explored solutions to raise capital.
“The company is working to meet all of its outstanding margin calls within a timeframe acceptable to its lenders, through a combination of selling portfolio assets, issuing collateralized mortgage debt and raising additional debt or equity capital,” the company wrote in a statement.
CEO Larry Goldstone expressed aggravation over the recent dealings, claiming that his company’s high quality mortgage securities were being comprised by industry-wide panic.
“The mortgage financing market’s complete inability to differentiate and appropriately value superior AAA-/AA-rated mortgage securities from all other mortgage assets is as unprecedented as it is frustrating,” said CEO Larry Goldstone.
“Our portfolio of mortgage-backed securities has exhibited exceptional credit performance and comprises loans that are among the most solid in the industry. Quite simply, the panic that has gripped the mortgage financing market is irrational and has no basis in investment reality.”
“We are committed to implementing initiatives that will resolve our current liquidity issues so we can deliver long-term growth, continue as a going concern, and ensure stability for our shareholders and for the company,” he concluded.
Shares of Thornburg fell 44 cents, or 26.67%, to $1.21 in late session trading on Wall Street.
The company specializes in jumbo mortgages and adjustable-rate mortgages for the very creditworthy.
Texas is a famously vast state, with real estate markets as diverse as its geography. Affordable living opportunities abound in the Lone Star State, making it a compelling choice for renters seeking high quality of life at a low cost. Improved housing affordability benefits communities across the state, contributing to economic growth and diversity. The cheapest places to live in Texas often combine low rental costs with other desirable qualities like quality infrastructure, great amenities, and a strong sense of community. These locations offer a good balance of affordability and desirability, which is why they are considered the cheapest places to live in Texas. The cities that meet these criteria include Mercedes, San Benito, Levelland, Marshall, and Pampa.
Mercedes, TX
Mercedes, known as “The Queen City of the Rio Grande Valley,” is one of the oldest cities in South Texas and offers a budget-friendly lifestyle with a population of around 16,561. Its median income stands at $39,734, and the median home value is $74,400. With a 2-bedroom asking rent of $575, living in Mercedes is indeed affordable. At the same time, it is home to numerous parks like the Mercedes City Park and Hinojosa Park, which add to the city’s charm. Boasting a high score of 98.0785 in terms of livability, Mercedes offers a blend of affordability, history, and community spirit.
San Benito, TX
San Benito, located in the heart of the Rio Grande Valley, is a city with a population of 24,259. The median income in this city is $30,565, with a median home value of $59,300. For renters, the 2-bedroom asking rent stands at a modest $695. San Benito is known for its vibrant culture and rich history, with attractions like the Freddy Fender Museum and the Narciso Martinez Cultural Arts Center. With a score of 94.6906, San Benito offers an affordable cost of living without compromising on quality of life.
Levelland, TX
Situated in Hockley County, Levelland is a small city with a population of approximately 13,566. The city’s median income is $45,196, while the median home value stands at $100,500. The 2-bedroom asking rent in Levelland is relatively low at $727. Known as “City of Mosaics,” Levelland is home to South Plains College and is renowned for its public art installations. With a score of 93.0626, Levelland combines affordability, excellent education opportunities, and a strong sense of community.
Marshall, TX
Marshall, a city with a population of 22,881, offers a median income of $42,467 and a median home value of $104,400. With a 2-bedroom asking rent of $700, Marshall is a practical choice for renters. This historic city boasts the Michelson Museum of Art and the Starr Family Home State Historic Site, along with beautiful colleges like East Texas Baptist University and Wiley College. With a livability score of 91.3674, Marshall presents a low cost of living while maintaining a rich cultural heritage and strong community feel.
Pampa, TX
Pampa, a city with a population of 17,226, stands out with its higher median income of $53,535. The median home value in Pampa is $78,500, and the 2-bedroom asking rent is $774. Pampa is a friendly, vibrant community with attractions like the White Deer Land Museum and Pampa H20 Aquatic Center. With a score of 90.5864, Pampa sets itself apart by offering an affordable lifestyle along with unique cultural and recreational opportunities.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.