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How to Design a Modern, Luxurious Home Inside of an Older Piece of Real Estate

August 28, 2015 by Kay Monigold

How to Design a Modern, Luxurious Home Inside of an Older Piece of Real Estate Newer properties may be infused with built-in designer touches that give them an instant sense of luxury, but older homes may lack many of these built-in features. Whether buying or renovating an older property, many people are interested in learning how to instill modern luxury in older property. The good news is that this is easier than it sounds, and it can be accomplished by following a few simple tips.

Make Thoughtful Upgrades

It may not be cost-effective or reasonable to upgrade the entire space with an extensive renovation, but making a few thoughtful upgrades can yield fabulous results. The light fixtures, faucets and hardware in the space should receive attention first, and homeowners should choose a modern finish that goes well with the rest of the home. If funds permit, consider upgrading the counter tops, sinks and bathtubs to further add luxury and modern style to the style.

Choose The Right Fabrics

When decorating the home, it is important to choose fabrics that speak to the luxury that is desired in the space. While some affordable materials have a luxurious look, it may be necessary to invest in premium materials like leather or upgraded upholstery in some areas to achieve the desired results. Think about the use of color, and layer fabrics for a truly upscale, finished look in the space.

Take Advantage Of Antique Charm

Most older homes have a special antique charm, and homeowners may have better results when working with this charm rather than trying to remove it from the space. Antiques can be incorporated with modern pieces to create a historic, classic or even rustic look to a home. Consider which aspects of the existing décor to highlight, such as gorgeous wood floors or an antique banister, and celebrate these areas while also including modern fabrics and other decorative touches to create the luxurious, modern look that is desired.

Decorating an older home can be challenging for many reasons, but it is possible to instill a sense of modern luxury into the space without a complete renovation. Some smaller remodeling efforts may be needed for the best results, and they can be incorporated with these tips to provide a lovely look that homeowners can truly fall in love with. Those who are thinking about fully renovating their older home may want to speak with their trusted mortgage professional for more information about refinancing their mortgage.

Filed Under: Around The Home Tagged With: Home Buyer Tips, Home Seller Tips, Upgrades and Renovations

Buying a New Home? Three Tips on How to Get the Best Mortgage Rate

August 27, 2015 by Kay Monigold

Buying a New Home in 2015? Three Tips on How to Get the Best Mortgage RateBuying a new home is one of the biggest steps that a person can take. Prior to taking out a home loan, you want to ensure that you get the best interest rate for your mortgage. The lower your rate is, the less you’ll pay over the long run. In today’s blog post we’ll share three key tips that will help you get the best possible mortgage rate.

Tip 1: Look For Special Programs

The Federal Housing Administration, better known as the FHA, offers a program designed for those looking at buying homes. This program lets applicants apply for loans and get access to better interest rates. The FHA guarantees that loan and agrees to pay off the funds if the borrower defaults.

The USDA can also help those interested in purchasing homes in rural areas. This can include farmland, ranches and homes located in smaller towns across the country. The USDA developed this program as a way to increase the population in certain areas.

Other programs are available through HUD, especially for those who never owned a home before. HUD is intended to help new homeowners buy homes in underdeveloped and up-and-coming areas. There are also special programs open for those who work as teachers, firefighters and in other positions that help the community at large.

Tip 2: Request Quotes

Not requesting quotes is one of the biggest mistakes that new shoppers make. Did you know that your interest rate can drop by a few percentage points or more just by comparison shopping? Lenders use different criteria when determining who can borrow money and the amount charged, and comparing those quotes can help you get the best fit for your situation.

Tip 3: Improve Your Credit Before Applying

Speaking of credit, one of the biggest factors that determines your interest rate is your credit score. A credit score of 700 or higher will get you a better interest rate than if you had a score of 650 or less. Improving your score before applying is one of the best ways to get a good rate.

Paying down your debt is an easy way to improve your score, but you can also pay your bills on time to get a better score. To learn more about new home financing, improving your credit score and interest rates available to you, be sure to contact your trusted mortgage professional.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Interest Rates, Mortgages

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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