Wednesday, August 27, 2014

HGTV: 25 Biggest Decorating Mistakes

25. Toilet Rugs
Toilet rugs are cut to fit around the toilet and sometimes have the carpet-like matching seat cover. Opt for a regular rectangular rug placed away from the base of the toilet instead.




24. Too Many Photos
You're either a photo person or you're not. Photo people feel very sentimental and have a hard time giving up the pictures on their walls and tables. The solution? Photo albums. When you have a lot of photographs of family, friends and trips, organize them properly in photo albums. You can organize albums by decade or event, and then keep them nicely arranged on a bookshelf. Then try to display just a few framed pictures at a time.




23. Ignoring the Foyer
The foyer is a terrific opportunity to make a statement about who you are and what your house is like. A foyer doesn't have to be something grand — any statement is better than none at all. Use paint to add color and hang a beautiful mirror or painting. A mirror is great because it's reflective, creating the illusion of more space. Use the horizontal surfaces to hold mail and keys when you first walk in.



22. Undressed Cables
Keep wires hidden at all times with these easy solutions: 
1. Find a cord cover that matches your wall color. 
2. If the furniture isn't a valuable antique, drill a hole in the back for the cords to go through.



21. Out-of-Place Themes
A home's decor needs to be authentic and provide a sense of where you are. Instead of dressing an entire room with an out-of-place theme, use themed accent pieces. Use accents to incorporate the look you enjoy without being overwhelming. If you have a house in the mountains and love the beach, display a collection of seashells or coral in or on a bookcase instead of designing an entire beach-style room.



20. Outdated Accessories
Don't let your rooms feel dated by hanging on to older cabinets and especially hardware. Make small changes like switching the hardware on your kitchen or bath cabinets for a big impact.



19. Lopsided Furniture
Some people just don't have an eye for furniture arrangements, so it helps to look at magazines to see what somebody else has done. If you have a sofa with a heavy bottom, don't add a big coffee table. Instead, use something light made of glass or with legs, and add a tall, thin floor lamp to help bring your eye up and make it more dynamic. Be sure to keep your furniture arrangements balanced to the eye.



18. Keeping Something You Hate
One of the biggest decorating mistakes is keeping things you really don't want, like an existing carpet or a gift. When it comes to your home, if you really hate something, just get rid of it — throw it out, give it away or donate it to charity. Drop hints to friends and family about your style to avoid receiving something that doesn't fit.



17. Too Formal
While there's nothing wrong with a very formal approach to a room, you should still make people feel comfortable in it. If you have the space, use it. Give it a function, make it livable and ensure it's welcoming.



16. Uncomfortable Dining Chairs
Never have an uncomfortable piece of furniture, especially a dining chair. When purchasing a dining chair, sit in it and decide if you want to be there for a long time. Also, measure the height of your dining room table before you buy chairs to make sure they're not too low or too high.



15. Visible Clutter
Unsightly clutter and disorganization not only contributes to a stressful life but also ruins the entire look of a space. Invest in stylish storage baskets on a bookcase or shelf to keep small objects in their proper spot, or add an armoire for extra hidden storage.



14. Everything Matches
A room that looks like it's a page from a catalog is a mistake because people don't really live that way. It's designed to sell furniture and give you an idea of what you might have in your house, but you shouldn't be matching the look that closely. Make it eclectic — not like a showroom you can't live in. You want to look from one wall to the other and be able to see something different.



13. Following Fads
From beanbag chairs to lava lamps, be careful of trends as it's difficult to get rid of those items once the fad is gone, especially furniture. Decorate in a style you'll really like for a long time. Have fun with it, but be ready to recycle it when it goes out of style.



12. Furniture that Doesn't Fit
Showrooms are much larger than your living room, so when you bring furniture into your home, the scale can be completely wrong. Follow these tips to avoid buying furniture that doesn't fit: 
1. Draw a floor plan or purchase a kit so you can move the scaled pieces around for the best layout. 
2. Don't try to put too much into any space. 
3. Measure the room, and you'll decrease the chances of making a mistake. 



11. Too Many Color Patterns
If you have too many colors or patterns in a house, it tends to look very busy, crowded and distracting to the eye.



10. Floating Rugs
Floating area rugs are a big mistake people make. Use a measuring tape to create an outline to get a feeling of where you want the rug placed before purchasing the piece. A rug should always be connected to furniture — an anchor for the seating group. For a successful furniture arrangement, place all the front feet of the furniture on the rug.



9. Improper Lighting
In any room in the house, you want different types of lighting for various times of the day. Dimmer switches are a great secret weapon — they're cheap, easy to install and give an entire range of control of the mood and feeling of a space. Understand what kind of lighting you want in each space, paying attention to a room's function when determining proper lighting.



8. Frames Hung Too High
If you have to bend your neck to see your art, then it's hung too high. You generally don't want to be looking up at your artwork, whether sitting or standing. Eye level is always a good height. Look at the top of your door frames and if your pieces are big enough, they should just reach the top of the door frame and go down from there. A good rule of thumb when you're hanging artwork over a sofa is to make sure the bottom edge is about six inches up from the top of the sofa.



7. Tacky Couch Covers
If you love your furniture, there are more interesting ways to protect it such as using a protecting spray or throw blankets and pillows. Use a nice throw blanket that doesn't overpower the couch and accents rather than hides the piece. Keep it simple and sleek.



6. Pushed Back Furniture 
Get the furniture off the walls and bring it to the center of the room. Sometimes the backs of furniture are beautiful, and a sofa with a console table behind it is a great place for a gorgeous display. Make it communal and create a focal point, which will enlarge the space.



5. Ignoring Windows
Besides paint, window treatments are the easiest and least expensive way to change the look of a room. A good rule of thumb is to hang curtains two inches above the frame of the window. If you have high ceilings, hang them all the way up to the ceiling to make the room seem bigger. For a quick and simple look, add a small, linen Roman shade to block light and add an extra element to the space.



4. Fear of Color
Many people love color but are too scared to use it. Try a paint color in the room to make sure you like it and that it works with the space. Live with it at various times of the day as a painted wall will appear different in the morning, afternoon and at night. If you don't like it, paint over it. Color is a great punctuation and doesn't have to be overbearing.



3. Too Many Knickknacks
Knickknacks, decorations, tchotchkes, accessories, call them what you want, but we all have too many of them. Rotate what you have, and if you really like something but it's been out for a while, store it for a bit. You don't have to have it all out at once and every surface should not be covered. Edit your collections so they're pointed and look good as a small grouping.



 2. Pillow Overload
If the pillows actually hinder being able to sit on a couch or lie comfortably on a bed, then it's obviously too much. Instead of buying so many pillows, spend your time, energy and money decorating an area of the room you're actually looking at when sitting in bed.



1. Fake Flowers
This is a controversial topic, but fake flowers (and plants) are a mistake. They gather dust and don't bring life into your home like real flowers, which look and smell better. Fresh flowers are expensive, but there are other things you can do instead of buying them all the time. Put lemons or other fruit in a bowl for a punch of color. Or, use some dried natural material like curly willow or bamboo stalks for a fresh look.




Unknown Author. "25 Biggest Decorating Mistakes." HGV.com. HGTV, Published 2014. 
Web. Accessed August 2014. <http://www.hgtv.com/decorating-basics/25-biggest-decorating-mistakes/pictures/index.html>.


View Homes For Sale in New Orleans


Terez B. Harris
Terez Harris NOLA Real Estate Group
(504)297-2619
www.TerezHarris.com
TerezHarris@kw.com


Search the MLS! 
(multiple listing service)


Search Terez's Active Listings!







      








Terez B. Harris   Terez Harris NOLA Real Estate Group   504-297-2619   www.TerezHarris.com
Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana.

Thursday, August 21, 2014

Credit Score Changes Could Spur Metairie and New Orleans Mortgage Activity

For any Metairie or New Orleans resident who has ever been stymied by seemingly arbitrary (or, put another way, nutty) lowering of his or her all-important credit score, next month’s beginning rollout of Fair Isaac’s new credit score model should be welcome news. It will be known as “FICO 9”—and promises to correct a few of the previous model’s inadequacies.
Why now? It’s been six years since San Jose’s Fair Isaac Co. last tinkered with their credit score methodology. Hmmmm…it’s been six years, too since the financial crisis of 2007-08, which Wikipedia correctly describes as “a major global recession characterized by various systemic imbalances…including high levels of household debt...”
You might expect that the accuracy of many a Metairie or New Orleans credit score could have been thrown off-kilter during the crisis—if not throughout the painfully slow recovery that’s followed. If, for example, someone is laid off, then suffers a sudden medical emergency, a formerly spotless credit history would be seriously distorted. Add in regulatory pressure on the banks, and many truly responsible individuals could suffer unfairly. As The Wall Street Journal summarized in a recent article: “Since the recession, many lenders have approved only the best borrowers, usually those with few or no blemishes on their credit report.”
Keep in mind that the whole purpose of a FICO credit score is to help lenders predict the likelihood that an individual will repay a debt. Lenders pay for accuracy in credit scores—and last year they bought 10 billion of them!
BUT…because of two specific problem areas, the scores gradually were becoming less reliable as predictors. First, there was the fact that once a bill was sent to collection, it showed as a black mark—one that could lower a credit score by as much as 100 points—even after it was paid. For as long as seven years after it was paid! So FICO 9 will not penalize borrowers with a collection on their report once no balance remains.
Then there was a problem with medical debt scoring. According to WSJ, as of last month, more than 64 million consumers had a medical collection on their credit report. That would account for many a Metairie or New Orleans credit score being adversely affected—sometimes even when it had been an insurance company which rejected the charge…and sometimes when the consumer wasn’t even notified of the situation! Worse yet, when a Consumer Financial Protection Bureau report came out in May, it found that many borrowers’ credit scores weren’t being raised even after they repaid such a debt. FICO 9 will count medical debt sent to collections as less important than other kinds of debt.

 The new scoring changes are expected to ease access to loans—Metairie and New Orleans mortgage loans included—without materially raising the risk exposure to lenders. But if history is any indicator, wholesale rejoicing may have to hold off for a while, because mortgage lenders can be slow to adopt changes in credit scoring. Nevertheless, if you are soon to start looking for a new Metairie or New Orleans home, I’d recommend checking your current credit report to be sure all is accurate. Then call me!

View Homes For Sale in New Orleans


Terez B. Harris
Terez Harris NOLA Real Estate Group
(504)297-2619
www.TerezHarris.com
TerezHarris@kw.com


Search the MLS! 
(multiple listing service)


Search Terez's Active Listings!







      








Terez B. Harris   Terez Harris NOLA Real Estate Group   504-297-2619   www.TerezHarris.com
Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana.

Monday, August 18, 2014

Jefferson Parish Mortgage Assistance

Terez B. Harris spreads awareness of available Mortgage Assistance through Jefferson Parish.

There is Mortgage Assistance available in Jefferson Parish!


  • You DO NOT need to be a First Time Home Buyer!


  • 3% and 4% Assistance based on Current Market Rate.


  • Income Limits: $69,345


  • Purchase Price Limits: $287,500


  • 3% and 4% Assistance can be applied towards Down Payment, Closing Costs, and/or pre-paids.


  • Property must be in the Parish of Jefferson.


  • Loan must be FHA or VA.


  • Property must be Single Family Residence.


  • Credit Score must be 640 or above.


  • Assistance is Grant and DOES NOT need to be Repaid.


  • Must occupy property within 60 days of the closing.



CALL ME FOR MORE INFORMATION! 504-297-2619




Terez B. Harris
Terez Harris NOLA Real Estate Group
(504)297-2619
www.TerezHarris.com
TerezHarris@kw.com


Search the MLS! 
(multiple listing service)


Search Terez's Active Listings!







      








Terez B. Harris   Terez Harris NOLA Real Estate Group   504-297-2619   www.TerezHarris.com
Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana.