HOME DESIGN TREND IN 2018! PALM SPRINGS VACATION HOME MARKET Search included!
With the new year comes brand new home design trends. And while some trends seem to continue on from years past, like the ever-popular metallic accents as well as sleek, simple designs, there are new and exciting home design trends you can implement in 2018.
Darker Wood Is Making a Comeback
This one might be surprising seeing as the past few years have emphasized lighter, blonde wood as the main design choice for the home. However, richer and darker woods like mahogany, rosewood, and walnut are making a comeback for the upcoming year.
The darker brown hue of these types of wood will make any room feel luxurious and grand. Whether this means getting a new dining room table, a new chair set, or even just décor featuring darker wood, this modern trend will make your home feel cozy and luxurious.
Some New Hit Colors
2016 and 2017 saw rose quartz, serenity blue and revitalizing green take center stage.
As we move into 2018, we are going to see ultra violet take the place of the colors of years past. Another interesting color you’ll see a lot more of is darker, richer greens including forest green and olive green.
Another color trend of 2018 is the use of vibrant and contrasting colors. While this trend might have begun in 2017, it’s going to be even more relevant in this upcoming year. You can try implementing some splashes of bright color whether that’s with paint, accent pillows, or even rugs.
If bright color isn’t your style, you can still have some great, eye-catching contrasts in your home. Try using some rich and noticeable colors and contrast them with white to really make a room pop.
As our lives become more complex and filled with technology, it seems that we are reverting back to our natural roots. While the industrial style and metal accents are definitely here to stay, using natural materials is a trend for 2018.
There are a multitude of ways to use natural materials in your home, including:
- Natural limestone walls
- Reclaimed wooden furniture
- Cork for floors, cabinets, and walls
- Wood accessories and décor
- Natural stone floors and countertops
Using these types of natural materials will give your home a natural and rustic feel, which is definitely on trend for 2018.
Tribal and Circular Geometric Patterns
Geometric and tribal patterns are both going to be huge in 2018. For the geometric patterns, you should expect to see a lot of soft, circular patterns instead of sharper lines like years past.
How you implement these patterns in your home’s design is up to you. You could keep it simple with some accent pillows, a patterned throw, or perhaps some artwork. Or you could go big with a patterned wallpaper or even paint.
These patterns can be done in the year’s vibrant colors trends. You can also keep it simple with elegant black and cream, which is another popular color combination you’ll see this year.
This post was written for Realty Executives by Elliot Walsh. Elliot is a dual-degree graduate from the University of Rochester with a B.S in Cell Biology and a B.A in English Literature. He is a full-time freelance writer from Boston, specializing in veganism, humor, and health. His articles have appeared in The Rival Rochester and his work experience can be found here: www.linkedin.com/in/ewalsh17.
Does owning a vacation home make sense in today’s market? Or is this a practice of a bygone era? -Definitely not the case for Palm Springs Market!!!
Vacation homes as investment properties
According to a consumer trend report, three out of every 20 vacation accommodations are now booked at private vacation homes. And vacation rental platform HomeAway found that 54 percent of their users were able to cover at least three quarters of their mortgage with profits from renting.
Many homeowners seem to have found a middle ground and are turning their vacation homes into investment properties. From Airbnb to VRBO, there are several different platforms where homeowners can make extra money by renting out first or second homes.
Using a vacation home as an investment opportunity also offers up several tax benefits, including writing off expenses in your home as business-related while still having a place to stay during your own vacationing every year.
“You can donate a weekend at your vacation home for a school fundraiser,” suggests property manager and real estate investor Sabrina Robinson. “Additionally if you rent it out to cover costs, you can write off all of the expenses of the home.”
It won’t be a walk in the park
Tim Touchette, owner and CEO of Attache Corporate Housing, says that making money off of a vacation property can be tricky. “It’s hard to use a vacation property and still make money on it, because it’s typically most desirable during the peak season, which eats away at your income if you use it during that time,” he explains.
Once you purchase a home in particular location, it can also feel like “you’re cheating on your vacation home” if you travel to a different location, according to Touchette.
Through his more than 15 years of rental experience, he’s also found that many times, visits to the vacation home can turn into fix-it expeditions rather than relaxing experiences, suggesting that a management company might be the best way to mitigate those experiences.
Robinson echoes this sentiment, adding that purchasing a condo is the best way to have someone taking care of the outdoor maintenance as well.
Finding a vacation home
According to the National Association of REALTORS®, financial market volatility and tightening inventory are making vacation homes harder to come by. “With fewer bargain-priced properties to choose from and a growing number of traditional buyers, finding a home for vacation purposes became more difficult and less affordable last year,” said economist Lawrence Yun. Finding an affordable home that meets your needs could be a lengthy process depending on the local housing market, but if you’re working with a real estate agent they’ll likely be doing all of the heavy lifting for you.
NAR also noted that 18 percent of vacation property buyers plan to use the home for future retirement. So, if you plan to incorporate this purchase into your retirement plan, your future needs should be considered while hunting for your second home.
Vacation homes have evolved from a more permanent home during a holiday season, to a profitable investment and future retirement housing. If you can leverage your finances to take advantage of the benefits of owning a vacation home, then yes, it does seem worth it.
Palm Springs area market has always made sense financially and still attracts thousands of Buyers
the Desert area -Palm Springs , Desert Hot Springs, Rancho Mirage, Cathedral City , Palm Desert, Indian Wells, Indio , Coachella- offers prices to fit everyone`s taste and pockets. Starting in the low $100s , and even less for condos ,and going into the millions in some of the fanciest areas.
A lot of buyers have taken advantage of the fact that the mortgage is still cheaper than the rent of the property, even if You rent the house/condo on an annual rent basis. Please note ,the same does not apply to nearby Los Angeles or Orange County prices and availability. A Realtor, or a rental agency can be used to set Your property for an annual rent/short term rent and/or vacational rental, not to mention You can use aiRB&B or VRBO services.
Some of the major attractions when one can rent for multiple time the normal rent include the Coachella fest music festival, The Indian Wells tennis Tournament-ParisBas, Stagecoach music festival , Biker weekend and many more. Not only You can buy a house in Palm Springs area, rent it and make money , but You can use it for Christmas , New Years and other events yourself but it may also become Your retirement and why not your primary home , once retired.
Why buy it now vs 5 months before retirement?
The key here is to buy it ahead of time, lets say 3 to 5 years , in advance . This way You take advantage of the always rising prices. Let`s use the example and say that a home appreciates at %9 per year , so then if You buy your retirement home now ,5 years in advance and prior to retiring ,You can save close to %50 on what the home would cost after said 5 years period .Again, in the meantime make money on a monthly basis and have a desired and attractive destination for You , your family and friends to use for all the important events in Your life!