Kitchen Heat

Stainless steel appliances. Granite countertops. Not long ago, these were the hottest kitchen features. But now they’re expected and practically come standard. What are the next major trends to keep an eye on?
According to a recent National Kitchen and Bath Association survey of more than 200 kitchen designers, cherry and maple cabinets, quartzite countertops and custom-paneled appliances are hot. Where oak cabinets were once the must-have, more than 75 percent of survey participants now report using cherry and maple, followed by paints and exotic woods. And although nearly all designers believe stainless steel is still the most popular appliance finish, 77 percent say that custom paneling on appliances is becoming more common. Granite is still the most frequently used countertop material, but 65 percent of designers report using more quartzite,another durable stone material. One thing that hasn’t changed is the trend toward bigger, more open kitchens that accommodate more than one cook and serve as more than just a place to cook. In incorporating these bigger kitchens, the traditional “work triangle” — the path between the refrigerator, food prep area and cooking area — is being replaced with work zones. As kitchens get bigger and even more functional, it seems certain that a trend toward specialization will grow as well.
Sources:National Kitchen and Bath Association

This months joke:

Question:What season is it when you are on a trampoline?

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A Lending Hand

Home renovations can be daunting, but financing them doesn’t need to be. Homebuyers considering a fixer-upper and homeowners thinking about doing major rehab work might want to consider an FHA 203K loan.

Often called rehab or renovation loans, 203K loans differ from traditional mortgage loans. Buyers who want to purchase a home in need of repair usually have to secure a loan to buy the property, get additional financing to complete the renovation and then get a permanent mortgage to pay off the interim loans. 203K loans, however, are made based on the after-repair value and include an escrow account, in which the money is dispersed in draws as the necessary renovations are being completed.

Renovation loans can be used in three ways: to purchase an existing home (and the land attached to it) and renovate it; to pay off existing debt on a current residence and renovate it; or to purchase an existing property and move it to a new piece of land. The types of improvements allowed on 203K loans are extensive — painting, room additions, decks, bathroom and kitchen remodels, and even going green. Luxury items and improvements are generally not eligible.

Homebuyers need to work closely with their REALTOR® as well as a contractor to get a detailed statement about the extent and general cost of the rehab work and the expected market value of the property after the completion of the work. After finding a HUD-approved lender — not all banks administer these loans — and inspections and appraisals, the work can begin. For more information, go to www.hud.gov.
Sources:Department of Housing and Urban Development, 203Kloan.net

Fast Facts >> >> >> >> >>

In the 1920s, Henry Ford turned wood scraps from the production of Model T’s into charcoal briquettes. He built a charcoal plant, which later became Kingsford Charcoal.
Source:www.grilling.com

Exterior home improvements, including wood deck additions and siding replacement, can return more than 80 percent of project costs upon resale.
2008-09 Remodeling Cost v. Value Report

Cut the finger off an old rubber glove and slide it over the handle of long-handled tools and brooms. This prevents them from slipping when you prop them against a wall while working.
Source:HGTV.com

Households spent an estimated $45 billion on their pets in 2009.
Source:American Pet Products Manufacturers Association

A projected 47.8 million U.S. households will fail to respond to the census by mail and will require a census taker to follow up in person to count the household.
Source:U.S. Census Bureau

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Use This Moving Truck for FREE      

RE/MAX Town & Country Realty has a moving truck (pictured above) that our clients can use FREE for their local (inside the Metro-Orlando area) moves. When Risa helps you buy or sell a home, just let her know that you would like to use the RE/MAX Moving Truck. Then Ray, the Moving Truck Coordinator, will coordinate your reservation to use the truck for a 24 hour period and outline all of the details for the truck’s use. Tell Risa early on in your transaction that you’d like to use the truck to make sure that you can reserve the best time for your move! We’re glad to be able to offer this additional service to our clients. Risa Saltman wants to help make your moving process as smooth, enjoyable and efficient as possible.

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