Get the lowdown on the colors, materials and other design decisions gaining steam now
Every year brings more options for materials, finishes and ideas to bring into our interiors. If you’re ready to try something new, consider the following design trends. We searched through Houzz data, popular photos and articles, and talked to designers for this snapshot of 22 things you’re likely to see more of in 2018.
1. Dedicated chopping and baking stations. Regular countertop height is fine for those casual weekly meals. But for larger, more involved recipes that require a lot of chopping, rolling or other strenuous maneuvers, a lower countertop is more ideal. That’s why some avid home cooks are gravitating toward dedicated chopping and baking stations that are often a continuation of a larger, standard-height island.
How Rising Prices
Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
So, what does this mean for homeowners and their equity position?
As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?
How Rising Prices Will Help You Build Family Wealth in 2018
Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.
Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!