Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022
8 Ways To Fall Back In Love With Your Home
Dated: February 14 2019
Remember when you first moved in to your house? Ah, what a feeling.
You felt like your home was made just for you: It fit your budget, your goals, and even your personality. In short, you fell in love.
But the funny thing about love is, it can change over time. You start to notice squeaky floorboards, experience space shrink, and before you know it, your home’s luster begins to fade. In short, you fall out of love. And you know what? It happens.
But there are ways to rekindle the love for your home without major upheaval and cost. So while you’re saving money or gearing up for another move, use these easy home improvement ideas to refresh your living space and remind yourself why you fell in love in the first place.
#1 – Freshen things up.
Anyone can get tired of coming home to the same scene every day. Same furniture. Same colors. Same tired, old vibe.
Don’t blame your house! Instead, revitalize your space room-by-room by making inexpensive but impactful home improvements. Focus on key areas in each room that are easily transformed to make an immediate impact:
In the living room…
Living rooms are anchored by a single piece of furniture: your couch. And fortunately, you don’t need to replace it to give it a new look. Freshen up your sofa and the entire room by changing out the throw pillows. Mix up prints, colors, and sizes to add some unexpected visual interest to the space.
Or if you’re feeling even more adventurous, reupholster the sofa. Suddenly, you’ll have what looks like an entirely new piece of furniture!
In the bedroom…
The only things better than clean sheets are new sheets. Your bed’s linens, including the sheets and duvet cover, are excellent opportunities to instill life back into the room. Go bold, but not too wild. Your bed takes up a lot of real estate, so bright colors and intricate patterns can easily become overwhelming.
Try capitalizing on the space above your mattress. Because the eye is naturally drawn to your bed, hanging a new piece of art above it or replacing the headboard can instantly add drama to the space and create a new focal point for the room.
In the bathroom…
Swap out your shower curtain for something that’s updated and stylish. Have a glass-enclosed shower? No problem. Invest in some new towels to brighten bath time.
#2 – Lose the junk.
If you’re convinced you no longer have enough space in your home, you may be right. Or you may simply be overrun by unnecessary junk and clutter.
According to research, the average American household contains a staggering 300,000 items! Old clothes, knick-knacks, and dust-collecting mementos can accumulate over time, making navigating through certain rooms feel more like trekking through a dense forest.
If you haven’t used something within the past year, toss it or pass it along to someone who can make better use of it. De-cluttering instantly makes a space feel more open and functional. And sloughing off some unnecessary junk often lightens an emotional load, too.
#3 – Let there be light.
Sometimes falling in love with your home again just takes a light bulb moment—literally.
Lighting is an oft-neglected element of interior design, but it also happens to be one of the most important things to consider when setting up your space. In fact, lighting plays an important role in adding or subtracting color, promoting functionality, and cre—ating the illusion of space.
Reevaluate your lighting in each room to make sure you’re maximizing its potential. Consider functionality first. What activities take place in each room? Do you need light for reading? Food prep? Every light in your home should serve a purpose.
You may be surprised how a new lamp or fixture can dramatically change the mood of the space!
#4 – Go ahead, make that upgrade you’ve always wanted.
Feel like your home has lost its “newness” factor? You might be able to recapture the feeling by making one thoughtful and economical upgrade you’ve always wanted.
Whether it’s a new double oven or a hardwood floor in the entryway, something brand new may recharge your dwindling appreciation for your dwelling. Choose a home upgrade that adds value, and in addition to enjoying it for yourself, you may also better position your home for resale down the road.
You can also consider a DIY-inspired upgrade. Refinish rather than replace the floors, or give kitchen cabinets a fresh coat of paint and new hardware. The impact on your home will far outweigh the impact on your wallet!
#5 – Take a style risk.
Admit it. There’s a corner of your heart that’s craving a little excitement. This yearning for change may be the very reason you’re falling out of love with your home. You’re bored.
It’s time to pull the trigger and do something bold and unexpected. Take a style risk with your home décor that will make people talk, and encourage you to look at your space with a completely different perspective.
For some, however, that’s more easily said than done. If you need inspiration, check out Pinterest or search through home design gurus. Then trust your creativity and have a little fun!
#6 – Change your frame of mind.
Everyone has something they don’t like about their home. But we’re going to let you in on a little secret: There’s no such thing as perfect.
Well, maybe it’s not much of a “secret.” Still, it’s a liberating reality that we all need to be reminded of from time to time, and it will help you appreciate and give thanks for being lucky enough to own a home.
Second, realize that this is your house. Not your grandmother’s. Not your neighbor’s. Not the future homeowner’s. So, go rogue and break a rule if you want to! If your dining room only gets used once or twice a year, you may want to convert that space into one that better reflects your lifestyle—like a music room, a playroom, or even a dance studio. The possibilities are nearly endless.
#7 – Reevaluate your needs.
Your needs are almost certainly different now that when you first moved in. After you’ve de-cluttered, redecorated, and re-envisioned your home, take the time to also reevaluate whether or not it can still satisfy your needs.
These easy DIY home improvement ideas may help you find that loving feeling again. But sometimes, not even these techniques are enough to turn things around.
#8 – Consider a mortgage refinance.
With a mix of low mortgage rates and having equity built up in your home, a refinance can be the final push that reinvigorates your relationship with your homestead.
Refinancing your mortgage gives you flexibility to do what you’d like: lower your monthly mortgage payment, save on interest, or take cash out to fund one of the home upgrades mentioned above. Consider these common refi options:
Reduce your interest rate: With rates still near historic lows, there’s a good chance you could lock in a lower rate than the one you currently have. Depending upon the loan you choose, you could decrease your monthly payment.
Shorten your loan term: Reducing your term, say, from a 30-year fixed to a 15-year fixed, allows you to save on interest over the life of your loan. You may even be able to refi to a shorter loan term and pay about the same each month.
Do a cash-out refi: Here, you refinance your existing mortgage into a new one with a larger outstanding principal balance, and pocket the difference. Need to consolidate credit card debt, help save for college tuition, or fund home improvements? A cash-out refi could be your answer.
See, there’s plenty of ways you can improve your home – and your relationship with it –to rekindle that burning love.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....
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