Kristen Meleedy, CBR's Blog
17 Bridget's Way, Lakeville, MA 02347
Textiles are one of the most important aspects of interior design—a true decorating fundamental that interior designers use to pull a room together. These things are often overlooked in favor of stylish trim, on-trend paint shades, and well-chosen furniture, however. Those are all necessary parts of the design equation, but without the right fabrics and wallpapers to unite the room, the design might fall flat.
Past trends featured monochromatic shades, lots of clean lines, and an overall sleek look. These days, trends are shifting, and prints are coming back in style. So how do you introduce patterns into a room? It can be a little tricky to do it right without making the look feel too busy or overwhelming. But there are lots of places to place your favorite prints—curtains, rugs, upholstery, wallpaper, wall art—the list goes on. Here are three ways interior designers use prints and patterns to create a cohesive look!
Match Your Patterns
If you’re thinking about going bold with lots of patterning in a given room, then the best way to do it is to choose matching patterns. They don’t necessarily need to be identical to each other, but they should be similarly themed. If you choose geometric patterns, for instance, make sure that all the patterns within the space feature a geometric style. Introduce geometrics with throw pillows, rugs, framed art, curtains or other elements. Three elements are typically enough to give the look unity without making it too overwhelming.
Make Colors Match
Maybe you’d rather avoid matching patterns because you’d like to mix tulle upholstery with floral curtains and a wallpaper border along the ceiling in a third pattern. How to go about harmonizing this type of look? Do it through the colors. Choose a shade in common between each of your patterns—orange, green or some other shade. Make sure each pattern within the room contains this shade so that the room looks polished and well-thought rather than haphazard.
Make A Statement With A Single Bold Pattern
Sometimes just a single pattern is enough to make a statement—especially if you’re going for a more elegant look that doesn’t mix a lot of colors or patterns. This is the time to focus on a single bold pattern for the room. There are several ways to do this.
- Use a patterned rug as a bold focal point to draw attention to the center of the room.
- Flooring can also be patterned. Try checkered tile, parquet floors or some other design to ground the room.
- Save patterns for the curtains while keeping the rest of the room simple.
- Add a sense of height and drama with patterned ceilings. Ceilings can be coffered, textured or covered with wallpaper.
- Hang a large piece of art to create a bold focal point.
Wherever you choose to introduce this single statement piece, keep in mind that against plainer surroundings, this is the piece that will draw the eye. Choose placement carefully to create a focal point exactly where you want it.
When you know all the tricks that designers use, it’s easy to give your space a high-end look with carefully chosen patterns. While you can introduce them through architectural elements like flooring and ceilings, fabrics and other textiles are one of the best ways to get the look. That’s because they’re easily interchangeable as tastes and trends change.
Many home buyers have lots of questions as they go through the buying process, especially first-time buyers. Whether you’re looking for a $50,000 house or a multi-million dollar luxury home, the questions are often the same.
How Much House Can I Afford?
Lenders use several factors in determining whether to loan you money, including your credit score, loan-to-value and debt-to-income. If you are self-employed, you could make $400,000 per year and still not afford a $150,000 home. Lenders look at your income, and if you are self-employed like many luxury home buyers, you use tax deductions and expenses to your benefit. However, doing that lowers your adjusted net income. If your adjusted net income plus depreciation doesn’t meet the debt-to-income bar for the lender, you won’t qualify for the loan. People in this situation need to find a lender who will lend based on bank statements instead of tax returns.
How Convenient Is This Location?
Luxury home buyers often have location concerns. You travel more and have more people — friends and relatives — visit. That means you need a home location that is convenient for travel. If travel convenience is a concern, ask your real estate agent about the distance to the airport, the ability to rent limos, and other travel concerns.
How Much Down Payment Do I Need?
Most loans require 20 percent down if you do not want to pay private mortgage insurance (PMI). However, if you are buying a multi-million dollar luxury home, that might be difficult if you don’t have liquid assets. Before you start looking, get a pre-approval from a jumbo lender, including the amount the lender requires with and without PMI. You can adjust the amount you are willing to spend or take the time to liquidate assets to get the down payment if you have your heart set on a home that requires a high down payment.
What Does My Credit Score Need to Be?
Conventional loans have a cap, which changes depending on your location and whether the Federal Housing Finance Agency (FHFA) increases that cap. If your mortgage is going to be higher than that cap, you will need to take out a jumbo loan unless you put enough down so that you are financing an amount below the cap. When you take out a jumbo loan, you are at a higher risk to the lender, so you have to jump through more hoops, including having a higher credit score.
If you are applying for a conventional loan, especially a loan backed by the VA, Fannie Mae or Freddy Mac, your credit score could be as low as 500. However, with a jumbo loan, your score must be at least 680. Some jumbo lenders require scores as high as 720.
The perfect home is not the only thing you'll need to shop for when you want to become a homeowner. In order to get the best terms, the lowest monthly payment and a reasonable interest rate, start doing some homework now -- before you even attend your first open house.
1. Check Your Credit Score
Checking your credit score should be the first thing you do when you're considering the purchase of a home. Why? Because every lender you speak to will use it as a benchmark for determining the likelihood of you being able to pay off the debt. The better your credit score, the more favorable terms and interest rates a lender might offer you. The earlier you know your credit score, the more time you have to address any issues that might be contained in it. Remember, you're entitled to one free credit report from each of the three reporting agencies each year. Take advantage of this service and keep tabs on your credit score.
2. Have Steady Employment
Being able to demonstrate that you are gainfully employed will go a long way toward qualifying for a mortgage loan and being offered attractive interest rates. Aim for at least two years of unbroken employment. Be ready to back up your claims regarding the duration of your employment and the dollar amounts you bring home.
3. Offer a Sizable Down Payment
Come to the negotiating table with a lender and with a solid down payment, you'll be able to enjoy lower monthly payments. There's no fast rule regarding the amount of a down payment. That being said, most lenders like you to have at least 20 percent of the home's purchase price as the down payment. There are some lenders, however, who accept less than 20 percent. If your lender accepts down payments that are less than the standard 20 percent, expect to have to purchase private mortgage insurance. This can be anywhere from .05 percent to 1 percent.
4. Know Your Debt To Income Ratio
The debt to income ratio demonstrates your ability to pay off the mortgage as agreed upon. Most lenders like to see that your monthly debt payments are equal to or less than 43 percent of your gross monthly income.
In a seller's market, there might be several people vying for the same home. Addressing the items above can make you look more attractive compared to some of the other potential home buyers.