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DIY Home Decor: Turn a Spare Bedroom into the Closet of Your Dreams

Photo by jingdianjiaju1 via Flickr

When asked what they want in a home, most people prefer air conditioning. The second most important feature is a walk-in closet, according to the 2013 Profile of Buyers’ Home Feature Preferences survey from the National Association of Realtors.

Furthermore, 60 percent of those who ended up buying a house without a walk-in closet would have been willing to spend $1,350 more to get this feature, according to the survey. If you don't have a big closet at home but you do have at least four bedrooms, turn one of those extra rooms into a closet you'll visit every day. It might mean extra cash when you go to sell the house.

 

Add a New Coat of Paint

Instantly revive the walls in your new closet by adding a new coat of paint. The right color for your closet boils down to your tastes and preferences. You might stick with bright white, so that you can see the color of your clothes clearly against the wall. You also can pick a bright and bold color to make the room look more exciting and to shift the focal point to the walls.

 

Bring in Storage Units

You're going to need something to hold your clothing, shoes and accessories. Look for shelves to hold your shoes, drawer units for your unmentionables, and knitwear and clothing racks to hold your hanging garments. Decide whether you want units that need to attach to the wall or can stand by themselves. Free-standing units might be better if you aren't handy with a drill or don't want to commit to something permanent.

Photo by Midtown Crossing at Turner Park via Flickr

Pick a closet system that fits your budget. You can mix and match drawer units, shelving units and clothing racks to build a system that meets your needs. The Elfa Design Center from the Container Store lets you design your own storage system. You also can get help from the retailer's team of designers. If your budget's a bit tighter, head to Ikea for a closet system that's a bit less expensive but still fully customizable.

 

Give Yourself Some Privacy

Most closets don't have windows, and for good reason. Since you're turning a bedroom into a closet, you'll want to cover up the windows for privacy. Choose contemporary window treatments that coordinate with the color you've painted the walls and that go with your overall sense of style. For example, wood blinds will add a bit of warmth to your closet while Roman shades look sleek. Consider hanging drapes in the windows if you're creating a closet that's elegant and dramatic.

 

Create a Place to Sit

black and white chaise

Photo of a Chaise lounge by Wickerfurniture via Flickr

Having a room-sized closet means you have room to add seating, so that you can actually sit down and plan out your outfit for the day. Put a comfortable armchair or chaise lounge in the room to sit on while you put on your shoes, for example. You can also put a vanity with a chair in the room so that you have a spot to put on your accessories and makeup.

 

Get Organized

Your new closet won't help you get dressed more quickly or allow you to see your clothing choices if it's not organized. Group your clothing by type, such as long-sleeved shirts, skirts and jeans. Once items are sorted by type, you can choose to sort them by color. Another option is to group clothing together by outfits. For example, pair your pencil skirts with the blouses you usually wear with them so it's easier to find the perfect outfit in the morning without the hassle.

 

Ultimate Guide to Renovation Loans

Author bio: Rebekah Saner is an aspiring interior designer who enjoys furnishing her rental properties with mid-century modern furniture

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5 Reasons Not to Skip Your Home Inspection

You found a house you love—hooray! But with lots of other buyers breathing down your neck, you feel like you need to act fast. To make your offer more attractive to the seller, you might be tempted to skip your home inspection, but here are five good reasons not to! 1.) Not all problems are obvious. It’s easy to spot issues like a crack in the sink or a broken light fixture. But do you know how to recognize foundation problems, termite infestations, outdated wiring, or sewer system problems? Trained home inspectors do and taking the time to have them go over the entire property before you sign the papers can prevent you from buying a headache instead of a home. BOTTOM LINE: The great thing about an inspection is that if you see major problems you’re unwilling to take on, you can change your mind and walk away. 2.) You may not be able to afford the repairs. If you’re like many new homeowners, you may not have much set aside to pay for needed repairs after saving up for your down payment and closing costs. While you may not mind waiting a bit to repaint or update appliances, waiting on problems like leaky roofs, broken plumbing, or infestations will only make them worse, and some issues, like broken furnaces, may need to be repaired right away. BOTTON LINE: You don’t want to go deep into debt to keep your home safe and comfortable. Instead, it’s worth negotiating with the seller to pay for repairs. If they refuse, you can simply walk away. 3. Some problems can make it harder to insure the home. Getting home insurance is essential because lenders need to see an insurance policy before you can close on your home—and of course, you’ll want to have your home protected in case anything goes wrong. However, some companies may decide that your home’s older electrical systems, plumbing, or building materials make it too risky to insure. BOTTON LINE: If essential updates are needed, the only choices are to ask the seller to pay for them, pay for them yourself if you can afford it, or walk away from the deal. 4. Serious issues can affect the resale value of the home. Your home is probably the biggest investment you will ever make. However, if it has major problems, instead of building your wealth, it could turn into a lousy investment that threatens your financial well-being. BOTTON LINE: While a home inspection typically costs a few hundred dollars, it’s an excellent investment in your peace of mind and financial health. 5. Some problems can threaten your family’s health or even your life. This sounds scary, but it’s no exaggeration. Issues like lead paint, black mold, radon (an odorless radioactive gas), or carbon monoxide leaks can cause serious and sometimes fatal health problems. BOTTON LINE: These issues are also easy to miss without a professional home inspection, and it’s simply not worth taking the risk. While it’s not easy to compete with other buyers who are bidding for the house you want, home inspections are one area where you don’t want to cut corners. To protect your physical, financial, and mental health, there’s no substitute for a professional home inspection.

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Buying a home may be the American dream. But with escalating home prices, rising interest rates, low inventory, and inflation, as a first-time buyer, you may be wondering if that dream is out of reach.

Let's Talk FHA Loans

  If apartment living is getting old, or you've outgrown your parents' basement and house rules, you may be thinking about buying your own place. For this reason, you may be interested in learning about home loans that offer low and no-down payment options and have flexible lending requirements. One of these is the FHA loan. Let's take a closer look. 

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