RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Homeowners Favor Contemporary, Shaker-Style Kitchens

February 10, 2015 1:48 am

According to the 2015 Kitchen & Bath Design Trends report from the National Kitchen & Bath Association (NKBA), contemporary is the watchword for kitchen design. More than half of designers expect to do more contemporary kitchens this year, running a close second behind transitional, or shaker-style, kitchens (40 percent) in terms of popularity.

Several designers also noted the rise in industrial chic, while others cited momentum for mid-century modern designs.

Traditional design ended 2014 as the fourth most popular kitchen style, although a quarter of designers will do fewer traditional kitchens in 2015. While decreasing in popularity, it remains a dominant kitchen style, with 63 percent of designers reporting that they did at least one traditional kitchen in 2014.

White is the most common color scheme for kitchens, followed by gray. About a third of respondents did black or blue kitchens in 2014, with about 20 percent expecting to do more kitchens in those colors. Almost 40 percent did kitchens in green tones in 2014.

Clearly passé are country/rustic, Tuscan and Provincial looks with distressed finishes, as well as color schemes in reds, bronzes, and terra cottas.

Solutions to make life easier in the kitchen are also slated for 2015. Pullouts and rollouts for kitchen cabinets were specified by more than 90 percent of NKBA respondents in 2014. Several designers report that they install multiples of appliances—most notably two dishwashers—in the same kitchen. About two-thirds of kitchens now have desks or home office areas, as well as flat-screen televisions and docking/charging stations.

Half of all NKBA designers specified an outdoor kitchen in 2014, up seven percentage points from 2013, a statistically significant increase.

Source: NKBA

Published with permission from RISMedia.


Tags:

Confused about Interest Rates? You're Not Alone

February 10, 2015 1:48 am

Mortgage holders: Do you know your interest rate? According to a recent Bankrate.com report, just over a third of mortgage borrowers (35 percent) aren’t completely sure of the interest rate they’re paying. One in seven mortgage holders reported being “not too confident,” “not all confident” or simply have no idea what their interest rates are.

“Your mortgage is one of the most important numbers in your financial life, and there’s a good chance that one of your neighbors has no idea regarding how much he or she is paying,” says Holden Lewis, senior mortgage analyst at Bankrate.com. “Given how far mortgage rates have fallen, these people could be missing substantial opportunities to save money by refinancing.”

Mortgage rates are well below historical norms. The average fixed-rate 30-year mortgage is now 3.80%. It was well above six percent as recently as 2008, and in 2000, it was close to eight percent. Refinancing a $200,000 loan from 6% to 3.80% would save $267 per month; refinancing from 8% to 3.80% would save $536 per month.

Analysts expect mortgage rates to rise in the coming months.

Source: Bankrate

Published with permission from RISMedia.


Tags: