Luxury Portfolio International Releases State of Luxury

Luxury Portfolio International Releases State of Luxury

Number of Luxury Real Estate Sellers Increases Globally; Some Buyers Expressing FOMO (Strong Fear of Missing Out); Sustainability ‘Critically Important’ Among Affluent Buyers Worldwide

Latest Report Comprises Data from Top 1-5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Bracket Surveyed Across 20 Countries, Representing an Affluent Population of Almost 32 Million Households

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luxury Portfolio International® (LPI), the world’s premier network of luxury residential real estate brokerages, is pleased to share the results of its 2022 State of Luxury Real Estate Report (SOLRE). The study comprises data from individuals in the top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} income bracket across 20 countries, and touches on a broad range of topics crucial to the global luxury residential real estate market.

Most notably, the LPI report reveals a continuation of dominating home purchasing-related trends that began during Q3 2020 and continued throughout all of 2021, showing that demand for luxury real estate remains high; price increases expected to continue; supply remains lower than demand; time-on-the-market for luxury single-family homes often continues to “last just hours”; and sustainability is ‘Critically Important’ (66 percent) when considering future home purchases.

The study also shows an increase in the number of affluent sellers of residential real estate worldwide; that among luxury homes buyers, the majority (74 percent) shared strong feelings of a personal economic confidence and still 75 percent are significantly concerned that their discretionary spending power could be tested soon.

And while 2022 is expected to continue at a fast pace, there are signs that the luxury residential real estate market will be increasingly stabilizing, a crucial step to avoid complications for a long-term, super-heated market.

With 75 percent of luxury home buyers choosing their next home with environmental sustainability headlining a broad range of findings from a study of the world’s affluent households by Luxury Portfolio International® (LPI), 2021 ends as one of the most robust luxury residential real estate markets in history.

“After a record-breaking year in luxury real estate, we anticipate that some balance will be restored to the market,” said Mickey Alam Khan, President of LPI. “It is important to view the luxury market over a trajectory of several years, noting that half of 2020 was in paralysis due to the pandemic. The red-hot market that began in the latter part of 2020 continued into 2021 and will continue a positive trajectory into 2022. The difference will be that there will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller’s market. The pandemic madness that drove us to an over-heated market is being normalized. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022.”

Sustainability, according to the study, is now a major differentiator in luxury homes, and buyers are willing to pay a premium to have features and amenities that better prepare them for the future. 75 percent of those surveyed noted choosing their next home with sustainability in mind, with an unprecedented 90 percent noting “yes” as to factoring sustainability in relation to a Next Chapter in Life home search. According to the study, a “Next Chapter in Life” home search pertains to those moving to be closer to family, because of their children’s education, a career move, and other mitigating factors.

People interested in sustainability as a major factor of their home purchase are 71 percent more likely to view the purchase as a legacy home that will be passed on to their heirs. Further, as interest in sustainability grows, the quality of the buyer improves for the benefit of the seller, in that this buyer wants to transact sooner and for a relatively higher budget.

FOMO, or Fear of Missing Out is the feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. With a year at home and headlines touting the hot market, FOMO has become a significant concern for 26 percent of luxury buyers. FOMO manifests in different ways, first as a true “missed the boat” moment where prices extend beyond reach. A second concern – equally impactful – is arranging finances for major purchases.

While COVID-19 remains a significant concern, the study revealed that the market has already accounted for much of its effects. This compared to last year when the top trend in luxury real estate was finding a home that would accommodate the family that works from home.

That said, according to the study, working from home, is wearing on a substantial percentage of luxury home buyers. The Study revealed that 27 percent of luxury buyers cited working from home as a ‘significant concern.’ Remote work and the associated frustration and stress of being home continues to play a significant role in the purchase decision process.

Buyers concerned about de-stressing their work-from-home environment noted diversions such as entertainment at home, night life nearby, and relaxation-inducing amenities like a spa/hot tub, a specialty cocktail scale, and specialty rooms for media and gaming.

Additional key findings from the research include:

  • Globally, the affluent class remains highly interested in purchasing residential real estate at any price, with a 33 percent increase year-over-year. There is no doubt that 2021 will end with a backlog of buyers, setting up 2022 as another strong year for luxury real estate.
  • Over 14 million affluent households remain interested in buying a residence, of which 6.4 million are in the luxury category. An additional 1.2 million luxury homeowners have found an interest in selling in the next 3 years, up 32 percent from last year. Record valuations no doubt play a key role in this decision.
  • Working together, these factors indicate global price stabilization and market normalization is in store for 2022 and beyond. What once appeared to be a wide chasm between the number of potential buyers and sellers (10.3MM buyers and 4.0MM sellers) is moving appropriately towards equilibrium (6.4MM buyers and 5.2MM sellers).
  • The global trend for residential real estate demand will continue to grow in 2022. The percentage of individuals in the market to purchase residential real estate by the end of 2022 increased from 19 percent in 2021 to 39 percent in 2022 in Europe, and from 30 percent in 2021 to 37 percent in 2022 in Asia/Pacific. 46 percent of those surveyed from the Middle East, specifically consumers from Saudi Arabia and the UAE have the greatest interest in acquiring residential real estate, as those individuals continue to diversify their holdings. North America shows modest growth from 21 percent in 2021 to 25 percent in 2022.
  • Luxury homeowners are coming around to selling. With new construction experiencing delays due to the challenges with goods and services, there is a consistent interest in existing homes. However, owners were not necessarily in the market to sell last year, and consequently the lack of inventory has been a significant price driver in most luxury markets. Now, it seems that luxury owners are convinced that the iron is hot and their interest in selling has increased by more than double (to 28 percent from 11 percent). In fact, 71 percent of owners believe their home value will increase this year, creating a strong incentive to sell. The average luxury homeowner expects an increase of approximately 4–5 percent compared to 3–4 percent last year.
  • Psychologically it remains a seller’s market. In practice, we can expect a more balanced ratio of buyers and sellers in the years to come. As affluent consumers participate in the residential market, luxury-residence seekers are down 58 percent in 2021 (from 34 percent to 20 percent of the total affluent), while conversely, in this delicate balancing act, the number of luxury sellers is on the rise by 26 percent (up to 16 percent from 13 percent of the total affluent).
  • While the flight to suburbia has been a major COVID headline, the research reveals that city-center luxury residential real estate is alive-and-well. Over half of luxury buyers worldwide (55 percent) expect to buy their next residence in a city and 77 percent will be within commuting range. Notably, Asia-Pacific luxury buyers are significantly more likely to buy in the city center than their global counterparts.
  • Single-family home popularity surges beyond North America. The research revealed that the popularity of single-family homes is growing on a global scale, with 40 percent of Europe/Middle East buyers and 29 percent of Asia-Pacific buyers seeking the luxury of additional space and privacy. Year on year, demand for this type of housing is increasing as, collectively, shared living spaces are becoming less attractive to the luxury buyer. North America remains the top driver for demand of this type of residence.
  • A new class of entry-level luxury buyer enters the market. Across the full spectrum of affluent consumers, there is greater interest in purchasing real estate under $1 million. This signals a resurgence of upper-middle class buyers who delayed in purchasing due to the pandemic, or who are now willing and able to acquire. Consequently, this is creating an increase in the number of entry-level luxury buyers, up to 44 percent from 39 percent in the USD 1-1.9 million range. This democratic luxury-for-the-many effect is most pronounced in North America and less so in Asia Pacific and Europe/Middle East, where the wealthy class tends to skew toward relatively small groups of people with very high concentrations of wealth.

For additional information, and access to the report, click here: State of Luxury Real Estate 2022.

ABOUT LUXURY PORTFOLIO INTERNATIONAL® (LPI)
Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world’s premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the World® the global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. Last year, network members participated in over 1.3 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™ 

Source: Luxury Portfolio International®

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc7a46a4-e6fd-43f9-91e6-834f31b75e8e

A PDF is available at http://ml.globenewswire.com/Resource/Download/3c08ae81-d703-4faf-8ea2-dc5c9c70ed7e


        
Northwestern Mutual: 5 Tips for Buying a First Investment Property

Northwestern Mutual: 5 Tips for Buying a First Investment Property

NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) — Real estate investing can be a smart financial move to diversify a financial portfolio. But buying a first investment property can be challenging, and there are many financial implications to consider beyond just how much the property will cost. That’s where these five tips for buying a first investment property come in to help make the process seamless. 

1. Keep Your Debt Manageable 

It’s normal to take on debt when purchasing a first investment property, but new investors will want to make sure their existing debt is under control before making the commitment. Having too much outstanding debt can make it harder to qualify for a mortgage, and you don’t want to take on loans that you’ll have trouble repaying. 

That means looking at all current debts, including car loans, student loans, credit cards, etc., and making an appropriate debt repayment plan if needed. If an investor is holding a lot of high-interest consumer debt, it may make sense to delay purchasing an investment property until the debt is in a more manageable place. 

2. Build a Rental Emergency Fund 

Many investors are savvy enough to know they’ll need to make a down payment and cover closing costs and other real estate fees. But something can go haywire and require a repair at the rental, just like something can go wrong at someone’s primary residence. That means establishing a new emergency fund is key. 

Many real estate investors recommend a rental property emergency fund that covers three to six months’ worth of expenses, including the mortgage payment, taxes, etc. That way, the account can cover cash flow if the place isn’t rented for a few months. 

3. Think Heavily About Location 

When it comes to real estate, location is king. Investors looking for a first property may be inclined to look at more “up and coming” areas, which is a great strategy for getting a place cheap. 

It’s worth spending time to find a great location as it can determine everything from how the property is run (Airbnb, long-term rental for college students, etc.) to what the investor can expect to sell for down the line. 

4. Get Insurance in Check 

There are several kinds of insurances someone should consider when they purchase a rental property. Of course, homeowner’s insurance tops the list as it’s required by many mortgage lenders. But other kinds of insurance like landlord insurance and life insurance are worth looking at too. 

A whole life insurance policy can provide a death benefit payout, which could help cover the remaining mortgage if the policyholder passes away before it’s paid off, and this type of policy can accumulate an accessible cash value amount. And at a time when a lot of money may be flowing out, extra savings are never a bad thing. 

5. Decide if Landlording Is on the Agenda 

Real estate investors have options when it comes to buying a first investment property. They can manage the rental property themselves as the landlord or pay a property management company to do it. 

It’s worth digging into what being a landlord entails and the legal responsibilities associated with doing so. The cost of hiring a property management company could dig into profits, but the benefit of not having to worry about day-to-day management may end up being priceless. 

The Bottom Line 

Buying a first investment property is an exciting time. And when done properly, it can prove to be a fruitful financial move. Tips like paying off debt, building a rental emergency fund, finding the right location, getting insurance in check, and making a property management decision can help put any new investor on the right track. 

***

Contact: carolina.darbellesv@iquanti.com

This content was issued through the press release distribution service at Newswire.com.


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Show off your holiday spirit with decoration contest | Community

Show off your holiday spirit with decoration contest | Community

Do you get into the holiday spirit and go all out decorating your house?

If so, and you live in the city of Long Lake, why not try to win a prize for your holiday spirit?

The city of Long Lake is having a Long Lake Christmas Home Decorating Contest for residents. The event was last held in 2018.

The Long Lake Garden Club and City of Long Lake are sponsoring the event and the deadline for submitting entries is Wednesday, Dec. 15 at 3 p.m. To enter (City of Long Lake residents only), and for contest rules, go to the city’s website at longlakemn.gov and click on the links for the Long Lake Christmas Home Decorating Contest. You can either fill out an entry online or print out a form and return to the city by the deadline.

“This is a great event to encourage residents to decorate the exterior of their homes for the holidays,” Long Lake Mayor Charlie Miner said. “Having holiday lighting and decorations displayed on homes in our city only adds to our small town charm. The lighting and decorations on homes also compliments our downtown area, which is nicely decorated with holiday flags and garland on our light poles.”

All entrants must live in the city of Long Lake and homes will be judged based upon curbside appeal only. Judges will not be entering the property.

Judging will be on the evening of Thursday, Dec. 16, so please be sure to turn lights on as soon as its dark.

Winners will be notified by phone on Saturday, Dec. 18, and there will be prizes for the first place winners in each category. The categories are: Nostalgic – Old fashioned, reminds you of your childhood; Clark Griswald – Excessive use of outdoor lighting, funny elements; Window Displays – Indoor displays visible from the street you live on; and Charlie Brown – Decorations on a dog house, tool shed, barn … anything but your home.

Will the city provide a list of entries if people want to check the holiday decorations out?

“No, but winners will be published on our social media as mentioned in the contest rules, and we encourage everyone to drive around Long Lake and enjoy some wonderful holiday light displays,” Miner said.

Once winners have been notified, prizes will be delivered to the winning residences.

Long Lake businesses – Birch’s on the Lake and Lakeside Wine and Spirits – are sponsoring the contest prizes.

If you live in Orono or Medina but have a Long Lake zip code, you are not a City of Long Lake resident and are not be eligible to enter.

Watch your garden’s water needs as warm, dry conditions settle in

Watch your garden’s water needs as warm, dry conditions settle in

Warm, warm, warm, dry, dry. This is our second La Nina year in a row, which means this warm, dry weather will continue at least through early spring. Normally, we’d turn the irrigation off now, but unfortunately, not this year.

Irrigation

Here’s the dilemma: The warm, dry weather means we need to water more often than in a “normal” year. Drought means there’s less water available. What to do? Switch to inline drip irrigation. Inline drip is basically long flexible tubing with emitters embedded inside the lines. Lay it out in a grid on the surface of every garden bed so each bed gets wetted evenly and water penetrates down to the roots. Cover the irrigation and the bed with at least 3 inches of mulch to minimize evaporation. It’s the perfect solution.

Even though the weather is dry, the sun is low in the sky, so plants need water much less often than at the peak of summer.

How long to water? Run your irrigation system, one zone at a time. As each zone finishes. stick your finger all the way down into the soil, as deep as you can. Is it wet all the way down? If not, run the irrigation again. Figure out how long it takes for the water to reach down to the roots. That’s how you figure out the run time for each zone.

Are you watering often enough, or too often? Do the “canary test” to figure out how often to run each zone. As you run each zone, mark the date on your calendar. Then turn the zone off. Watch that area of your garden for the first plant to have droopy leaves (that’s the canary) and check your calendar. Run the water just short of the time it took for the first plant to droop. Use this information to set how often each irrigation zone runs. Don’t expect them all to be the same. So, if it took 12 days for the first plant to droop, run that zone every 11 days. If it drooped after three weeks, run the zone every 20 days. Where the first plant drooped after a week, run that zone every six days, and so on.

Be sure to run your irrigation the day before Santa Ana winds are expected. Saturating the soil protects plants from desiccation.

If you still use overhead spray, it is time to switch to inline drip. Inline drip — not the kind of drip with individual emitters at the end of narrow tubing — is the most efficient and effective irrigation available.

Manage water

Gutters filled with leaves and debris overflow when it rains, beating up the plants below, so clean the gutters now. Compost the debris, or spread it around the garden as mulch.

If you still have water in your rain barrels from last month, use it now. Because it is so dry now, your plants need it.

Rather than collecting water in rain barrels, sculpt your garden soil with dips and swales that capture water so it can absorb into the surrounding soil. Bank water now for long-term withdrawal by your plants’ roots in spring.

Do you have a spot on your property that floods every year? Reconfigure the contours, install a new drain, lay out sandbags, or do whatever else is needed to stop that flood.

While water is precious, don’t let it accumulate in dishes under potted plants, buckets, containers and other places where the constant moisture can drown plant roots or become a mosquito nursery.

When it does rain, stay off the soil for a few days. Wet soil compacts easily, so rather than dig or weed or plant, do chores like repotting plants, cleaning your toolshed and planning for spring.

Prepare for cold

Watch for the winter’s first frost. We don’t get hard frosts, but plants from coast to mountains can suffer frost damage on a cold night.

If your garden gets to freezing or below, protect cold-sensitive plants such as Plumeria, bromeliads and some varieties of succulents, and move them under the eaves (if in pots) or under the dense cover of an evergreen tree. Cover potted or in-ground plants with floating row cover (not plastic). Use clothespins to secure the cover in place.

If a plant is damaged by frost, do not cut off the damaged parts — they protect the rest of the plant from the next freezes. Leave them in place until after the last frost of the year, typically in February or March.

Fruit trees

This is the most important maintenance time for deciduous fruit trees — those that drop their leaves in winter: apples, pears, peaches, plums, pluots, cherries and more.

Between now and the end of January:

Strip leaves off the branches of stone fruits, pears and apples if they don’t fall off on their own. Leaves can be infected with fungus and other pathogens that overwinter. Don’t compost them. Rake them up instead, then send them off in the greenwaste.

Prune deciduous fruit trees, taking care NOT to cut off the fruiting wood. Different kinds of fruit trees form fruits on a different parts of their branches. Apples, for example, grow short spurs along the branches. Those spurs make flowers and fruits. Pomegranates and figs fruit at the end of branches. Pluots fruit along the length of the branch. Know how a tree fruits before you cut.

My favorite pruning guide is “How to Prune Fruit Trees” by R. Sanford Martin. It’s a classic!

After pruning, spray fruit trees to kill overwintering pests and diseases. Spray once, wait two weeks, spray again, wait two weeks and spray a third time.

  • Spray apple and pear trees with mineral-based horticultural oil.
  • Spray stone fruits (peach, nectarine, plum, etc.) with liquid copper to kill the fungus responsible for the dreaded peach leaf curl, alternating with mineral-based horticultural oil to suffocate scale, whiteflies, mealy bugs and other tiny pests that overwinter in the bark.

Every time you spray, coat all branches and trunks, from tips to base. The better the coverage, the more your trees are protected.

Prune ornamentals

Winter is time to prune ornamental trees and shrubs. Hire a certified arborist who will remove weak or dead branches, check for borer infestations, structural integrity and so on. If you don’t have a favorite certified arborist, find one at treesaregood.org.

If you do the pruning, sharpen your pruning tools first so they make clean, healthy cuts that don’t shred the wood.

Work clean. Disinfect pruning shears, saws, loppers and other cutting tools before and between plants to avoid spreading diseases and pests from one plant to the next. I use spray household disinfectant.

Start pruning by first removing dead branches, weak wood, and crossing branches. Then prune for shape.

Make cuts in the right spot. Follow each branch to where it attaches to the trunk or to the next larger branch. Notice the swelling at the base of the branch? That’s called the branch collar. When you cut, cut up to the branch collar, leaving no stubs behind.

NEVER top a tree. If a tree is too tall, replace it with one (or two or three) that doesn’t grow that tall.

Prune, then spray roses, but not too much. There’s no reason to prune shrub roses down to nubs. The more branches, the more flowers, so let your rose bushes grow large.

Each time you finish pruning, spray your tools again, wipe them dry and lubricate them with mineral oil before storing.

Care for potted plants

It’s poinsettia time! Remove the fancy foil as soon as you get a poinsettia home. Make sure its pot has drainage holes. If it doesn’t, move the plant to a new pot with drainage. Place it in a brightly lit room away from the heater vent and away from a cold window. Water enough to keep the soil damp but not wet. Don’t fertilize until after the holidays.

Monitor potted plants. Feel the potting soil every few days and water before the soil gets too dry. A humidifier can help keep indoor air moist and plants from drying out.

Control pesky little black flies. These fungus gnats are attracted to wet organic matter in the potting soil. They are easy to control without chemicals or sprays if you 1) water less (your plants will be fine) and 2) cover the surface of the potting soil with a ½- to 1-inch-thick layer of small pebbles, aquarium rocks, even marbles. They form a barrier the flies can’t penetrate.

Plant ornamentals

Natives planted now will be ready for next summer’s heat and drought.

Fragrant-leaved native shrubs and perennials can spice up your garden: Cleveland sage (Salvia clevelandii) and California sagebrush (Artemisia californica) are the classic perfume of Southern California’s chaparral. Hummingbird sage (Salvia spathacea) and fragrant pitcher sage (Lepechinia fragrans) both have sweet fruity fragrances, each unique from the other.

Try some wonderful fragrant-flowered natives: California lilacs (Ceanothus sp) have subtly sweet flowers, while the orange blossom fragrance of mock orange (Philadelphus lewisii) can fill your entire garden. If you like the smell of grape bubblegum, plant woolly blue curls (Trichostema lanatum).

Every garden needs drought-tolerant trees — as many as possible. Strawberry tree Arbutus ‘Marina’ has gorgeous shreddy mahogany colored bark with bright green leaves and pink flowers in spring. Gold medallion tree (Cassia leptophylla) is a narrow, medium-size tree with bright yellow flowers that turn into long, festive green bean pods. Tecate cypress (Hesperocyparis forbesii) is a Southern California native that is rare in habitat but readily available in nurseries. It is a far, far better choice than Italian cypress.

For spring flowers, plant seeds of California native poppy (Eschscholzia californica), elegant Clarkia (Clarkia unguiculata), baby blue eyes (Nemophila menziesii), California goldfields (Lasthenia californica), and Common tidy tips (Layia platyglossa)

Plant flowering sweet peas seeds now for bloom in spring. Renee’s Garden Seed, reneesgarden.com, specializes in these fragrant beauties. Check their website for a wide selection of seeds.

Succulent aloes put on a beautiful show this time of year. One of my favorites is Aloe rubraviolaceae, a low-growing rosette type Aloe whose teal leaves are edged in soft rose. Each rosette features a single, tall candelabrum of stout, poker-style flowers that bloom red orange.

Mangave are all the rage right now. These easy-growing Agave/Manfreda crosses form small- to medium-size succulent rosettes. The blades are most green or blue-green, some with yellow stripes. Each variety features a different pattern of burgundy or brown spots and an imaginative name like ‘Mission to Mars,’ ‘Bad Hair Day,’ ‘Cherry Chocolate Chip,’ ‘Bloodspot’ and others. Grow them in the ground or in pots, in well-draining soil and full sun.

Visit your favorite nursery to reserve bareroot fruit trees and shrubs that arrive next month: blueberries, peaches, apples, nectarines, pears, apricots and more.

Edible gardens

Before you replant pots or raised beds, add compost to bring the soil level back to the top. Sprinkle in earthworm castings and vegetable fertilizer. No need to dig it in — that happens naturally.

Plant winter root vegetable seeds (not seedlings) now: beets, turnips, radishes, carrots, rutabagas, parsnips.

Plant greens and cabbage family plants from seed or seedling: kohlrabi, kale, spinach, Brussels sprouts, cabbage, rapini, broccoli and more.

Plant annual parsley, dill and cilantro from seed. These annual herbs do best in vegetable gardens.

Plant perennial oregano, thyme, marjoram, sage and rosemary from 4-inch or 1-gallon pots into a permanent spot in the garden. Since they are all waterwise Mediterranean natives, plant them in ornamental garden beds.

To harvest greens — including lettuce, kale, spinach, bok choy and tatsoi — simply cut off as much as you need and let the plants continue to grow. Harvest herbs the same way.

Mulch

How thick is your garden’s mulch? Aim for a minimum of 3 inches over every garden bed. Be sure that irrigation lines are under the mulch, not on top.

Mulch succulents with rock or gravel. Mulch nonsucculents with aged woody mulch or with fresh wood chips that are smaller than an inch. Larger fresh woodchips can bringing deadly borers into your garden. Aged wood chips are not problematic.

Sterman is a waterwise garden designer and writer and the host of “A Growing Passion” on KPBS television. More information is at agrowingpassion.com and waterwisegardener.com.

45 popular home improvements people are making for under  on Amazon

45 popular home improvements people are making for under $40 on Amazon

You don’t have to knock down the walls or get all-new furniture to make a dramatic change to your home. The smallest shifts, even something as simple as upgrading your pillows, can make a huge difference in how you use and perceive your space. And the even better thing is that it doesn’t have to cost you an arm and a leg. Some of the most popular (and easiest) home improvement endeavors will set you back less than a dinner out. Whether you’re looking to breathe new life into an overlooked area of your home, extend the life of your belongings, or add functionality to everyday objects, you’re in the right place.

Not only are these 45 home improvement projects easy on the budget, they’re also easy on the manual labor. Some may require a simple toolkit, but beyond that, everything you need should be included in the Amazon box on your doorstep. Even the more labor intensive projects, like installing this rain shower head, are relatively simple and quick.

But there’s something for all skill levels here, whether you’re looking to take charge of your desk electronics with these cable clips or create a fun accent wall using this print peel and stick wallpaper. Keep reading for some home improvement inspiration that won’t break your bank account or your brain.

01

A pack of stylish racks that turns any cabinet into a towel bar in seconds

If there’s no obvious place to put a hand towel in your kitchen or bathroom, try this over-the-cabinet towel bar rack. The pack of two steel racks slide over most standard cabinets and drawers without damaging them — no tools or handyman skills required. These racks come in a variety of finishes to match the cabinet hardware in your home.

02

An easy-to-install grip pad that prevents rug slippage

Slippery rugs are an obvious safety hazard, so keep them in place using this rug pad grip. The non-adhesive pad sits hidden beneath various sizes of sizes, preventing them from bunching, slipping, and damage. This simple but effective gripper is easy to install, which is why it has over 22,000 five-star reviews on Amazon.

03

An easy doorbell upgrade that doesn’t require wires

Replace your doorbell without the hassle of wires, pairing, or hiring an electrician — all you need is this wireless doorbell system, which works straight out of the box. It uses high-frequency, anti-interference technology, and the receiver can work up to 1000 feet away from the bell. It’s also weatherproof, and can withstand fire and temperatures from -4 degrees to 140 degrees Fahrenheit, so it’s safe in the ele. This doorbell is fun, too, it has nearly 60 songs to choose from as a chime.

04

These markers that breathe new life into wooden floors & furniture

Over time, your wood furniture and floors can take a beating, leaving them with scratches and scuffs that can be expensive to repair. One easy solution is to use these wood-toned markers to fill in these scratches and make it look like they never happened. The set comes with six shades from maple to espresso and they work on hardwood and laminate floors, furniture, and cabinets, so you’re sure to find a use for them throughout your home, extending the life of your belongings.

05

This peel & stick wallpaper for an instant, low-effort backsplash

No backsplash? No problem. These peel and stick wall tiles give the effect of real tiling without the expense, labor, or permanence. Made from an eco-friendly material that’s resistant to heat and moisture, these tiles install easily in any kitchen or bathroom. No special tools are required, and once you’re ready for a new look, they’re easy to peel off and start over.

06

These genius silicone caps that stop furniture from scratching your floors

Just by installing these silicone chair leg covers, you can save your floors from scratches and dents before they happen. They’re barely noticeable, easy to put on square and circular legs, and don’t damage your furniture at all. There are no nails or adhesive – just slide a cover over each of the chair legs, and be on your merry way. The felt padding on the bottom will do the rest.

07

A pack of motion-sensing lights that have endless uses

Adding a little extra light to those weird dark spots in your home is as easy as installing these motion-sensitive under cabinet lights. Despite their name, these can be used for closets, staircases, garages, basements, hallways, and so many other places. They turn on automatically when motion is detected within 10 feet, and off again after 20 seconds of no activity. They’re battery-powered, with a USB port to recharge them as needed, and you can use a magnet or adhesive to adhere them to wherever you need them.

08

A 3-pack of convenient cable clips to keep your chargers organized

Between your phone, laptop, headphones, and other devices, you might be struggling to keep all your charging cords organized throughout the day. This pack of cable clips is here to help. Each one has 11 slots to thread cords through, and clamps them securely in place. The plastic clamp can stick to any flat surface with adhesive, keeping them conveniently in reach and in line when you need them.

09

A set of door handle covers to protect appliances from dirty hands

Save your beautiful appliances from oily fingerprints and sticky substances with these handle covers. No fingerprints or food will be left behind, saving you time on cleaning. This set of five covers all have velcro fastenings, and fit appliances like your fridge, oven, freezer, and microwave. They’re made from a soft, long-lasting, and double-sided material that’s machine washable.

10

A fold-up mat that covers your sink for additional bathroom counter space

As a beauty lover, I know the struggle of trying to put on makeup or do my skincare in a bathroom with almost no counter space. Luckily, there’s this foldable bathroom sink cover that turns the sink itself into a usable surface for all your getting ready items. The silicone mat is slip-resistant, and you can still access the tap as needed with the handy cut-out. And it’s also super durable and heat resistant — this baby can hold up to seven pounds, and it’s safe to set your hair styling tools down on.

11

This magnetic spice rack to keep go-to condiments in easy reach

Organize your must-have food and kitchen items handily on this organizer rack that uses strong magnets to stick to the side of your fridge. This thing is study and is capable of holding up to 45 pounds of drinks, spices, condiments, and other items you need to grab on the reg. In addition to five hooks and three spacious shelves, there are even two wooden rods for paper towels or plastic wrap.

12

These devices to help you maintain an odor-free fridge

This refrigerator deodorizer removes offensive smells within hours, and helps you maintain a fresh fridge for up to six months. Place it anywhere in your fridge or freezer, and you won’t just notice a more neutral odor, you’ll also find that it extends the life of your fruit and veggies. One of these two-packs will last a year, and each one contains non-toxic, food-safe ingredients.

13

This wildly popular faux fur rug that’s cozy yet elegant

Drape this super soft faux fur rug over the arm of the couch or at the end of your bed, and you’ve got a recipe for hygge haute couture. Alternatively, place the rug on the floor where you step out of bed, or in front of your fireplace for a plush and stylish finishing touch. This 4.6-star rated rug comes in a wide variety of colors, sizes, and shapes to suit your needs and exact style.

14

This diffuser brings that brings calming energy to any space

Allow the power of essential oil aromatherapy to transform your home and mindset. This stylish essential oil diffuser provides up to 16 hours of therapeutic smells. It has a remote control, seven different LED light colors, and auto shut-off, making it versatile and safe for any home.

15

These colorful smart bulbs that you can control with your voice

It’s easy to set the mood for dinner, bedtime, and more by swapping your regular lightbulbs for these colorful smart light bulbs. The multicolor bulbs can be set to more than 16 million colors, and are completely dimmable to get exactly the effect you want. They pair with Alexa and Google Home devices, and have their own compatible app so you can control them from anywhere, which includes setting schedules and creating groups of lights.

16

These door stoppers that reduce noise & protect your walls from damage

When your door handles collide with the walls, they can leave lasting unsightly damage, so it’s smart to protect your interior using these door stopper wall protectors. They stick with adhesive and provide a soft place for the handle to land while absorbing sound. This set of four can also be around the house to protect walls and floors from cabinets, chair bottoms, appliances, tables, and other sharp-cornered items.

17

A security camera that has color night vision & other smart safety features

The WYZE video camera records video when it detects motion or sound, including full-color video at night, and sends a notification straight to your phone. Use it indoors or out; it’s weather-resistant and is easy to install. This voice-controlled camera works with Alexa and Google Home and includes two-way audio too.

18

A plug-in air freshener that doubles as a nightlight

This plug-in wax warmer allows you to change the scent of your home as often as you’d like, and doubles as a nightlight. Place the wax of your choice into the ceramic dish at the base, and turn on the wax warmer, allowing it to slowly dissolve in the heat and release a soothing smell throughout the room. This fire-free plug-in is a safer alternative to candles for bedrooms, which is why it’s a best-seller on Amazon with nearly 13,000 five-star reviews.

19

This silk pillowcase that has 13,000 five-star reviews

You’ll look and sleep like royalty on this silk pillowcase. Not only does it look way more sleek and modern than your standard cotton pillowcases, it’s also better for your hair and skin. The reduced friction helps prevent tangles and breakage, and those with textured hair will find that it helps keep their style intact better. It has a hidden zipper to keep it in place, and the silky smooth fabric doesn’t absorb as much, so your skincare products will stay on your skin where they belong, not on your pillow.

20

This patterned throw blanket that’s made from cozy sherpa fleece

No couch is complete without a cozy throw blanket, and this sherpa fleece one is bold, cozy, and the perfect size for cuddling up underneath. It measures 50 by 60 inches, and comes in an eye-catching Buffalo plaid pattern. The retro-inspired print is made from 100{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} microfiber polyester, and both sides are equally soft and warm, which is why this fan-favorite throw has a 4.8-star rating on

21

These outlet and switch plates with a stylish twist

Swapping your standard outlet or switch covers for these marble plates is a simple idea that shows a tremendous amount of thoughtfulness and care for your home. They come in a variety of styles and sizes for every different kinds of outlets and switches, each one printed with a contemporary marble swirl print. UV-cured with a high gloss finish to protect from scratches, these outlet plates also come with color-matched screws for a seamless fit.

22

These door attachments that can save you money on your energy bill

Older homes tend to get drafty, which is a bone-chilling energy suck on your utility bill each month. Just by installing these silicone door draft stoppers in key places around your house, you can keep warm or cold air from escaping. They fit most standard interior and exterior doors, and install in minutes with adhesive.

23

A rain shower head that’s easy to install and so soothing

Turn your morning shower into a spa-like environment by swapping your standard shower head for this luxurious rain shower head. At 12-by-12-inches, your body will be fully covered and massaged by the ultra-thin, highly-pressurized water streams. It’s also leak-proof and easy to install yourself — it works with all standard size wall-mounted or ceiling mounted shower arms, and is made from durable stainless steel in a sleek polished chrome finish.

24

This magnetic knife holder that’s also a beautiful piece of accent decor

If you simply toss your kitchen knives in a drawer and call it a day, you’re simply asking for a dangerous setup that will eventually dull them out. Instead, store them on this magnetic knife holder, which mounts to your kitchen wall with ease. The heavy-duty magnet inside will keep each knife and other sharp object in place and out of reach from kids and pets, while the walnut finish looks gorgeous on the wall. As a bonus, it’s good for storing any metal object, like jewelry, keys, scissors, and more.

25

A convenient toilet paper holder that’s actually sleek

Maybe you haven’t previously given much thought to your toilet paper storage situation, but it can make a huge difference in the appearance and function of your bathroom. I recommend this free-standing stainless steel toilet paper holder because it holds standard and jumbo size rolls, and has a raised base to keep each roll clean, dry, and off the ground. It holds four rolls in total (three in the stand, and one on the top hook) so you and your guests will never experience the panic of running out of toilet paper in the midst of doing your business.

26

These covers that give your old throw pillows an instant refresh

One of the things that I never would have guessed about adulthood is how expensive new throw pillows can be. If you’re seeking a new look for your couch or bed, try these faux wool throw pillow covers. The rich embroidered texture creates visual interest, and the design is available in a variety of sizes to fit your existing pillows. There’s even an invisible zipper closure to keep your pillows from slipping and sliding out.

27

A 20-pack of stylish wooden hangers to make your closet uniform

It’s worthwhile to invest in hangers that will last, such as this 20-pack of wooden suit hangers. They’re durably handcrafted from the wood of a Lotus tree, and sanded and coated to perfection. There’s a reason why these best-selling hangers have a 4.8-star rating on Amazon: Small details, like the contoured shoulder line, notches in the arms of the hanger, and a swiveling 360-degree hook help your clothes keep their shape and stay in place.

28

A set of hand-blown glass terrariums that you can mount on a wall

Transform your walls into a wonderland with this set of six glass terrariums, which come with all the hardware you need to mount it to the wall. Fill these with water or soil for any small to medium size plant. If you’ve got a trailing plant that’s outgrowing its current spot, mounting these terrariums several feet above the ground and allowing it to hang down will help it continue to thrive (and look super cool as decor.)

29

This bold leafy wallpaper that won’t damage your walls

Give your walls a tropical-inspired makeover using this palm and banana leaf print wallpaper. Renters, fear not: This vinyl wallpaper is easy to remove and doesn’t leave any sticky residue behind, so you can redecorate and keep your security deposit intact. The bold leafy print is reminiscent of an island paradise, and you can use it for an accent wall, as a backsplash, and so much more.

30

A not-so-basic standing mat that supports your joints while you cook

Spending even a few minutes standing in the kitchen after a long day can feel absolutely exhausting. This anti-fatigue standing mat helps reduce the stress and strain on your feet, knees, and legs. Use it in your kitchen while cooking or doing dishes, or at a standing desk to support your joints throughout the day. It’s made from a cushioned foam, and has a non-slip base to keep it in place on wood, tile, or laminate floors.

31

This creative window film that creates fun visual effects

For fun light refractions or a bit of added security, stick this 3D window film to any window in your home. When the sun shines through the frosted tulip design of this adhesive-free cling, it creates a beautiful stained glass-like effect. If you’re looking for a window treatment that allows light in but keeps nosy eyes out, this is the perfect solution for bathrooms, entryways, bedrooms, and other places in your home where you’d like a little more privacy.

32

These scented liners that keep your drawers from getting musty

One easy trick for keeping your dresser drawers from getting musty is to line them with these best-selling scented liners. They’re infused with pleasing scents like English lavender or sandalwood, keeping your clothes and linens smelling fresh 24/7. Each box includes six paper sheets measuring 14-by-19 1/2 inches, but you can easily cut them to size to fit smaller drawers and shelves.

33

A multi-use tablet mount that’s incredibly adjustable

If you frequently work or steam video on a tablet, you might benefit from putting it in an ergonomic position with this three-in-one tablet mount stand. It works vertically and horizontally and the flexible joints mean you can tilt, swivel, and adjust the height of this mount to suit your needs. A stylus for writing and drawing is included, and it fits most tablets between 7 and 13 inches in width, and users remark it can hold pretty heavy tablets.

34

A memory foam topper that will extend the life of your mattress

If your back is crying out for a new mattress but your bank account says otherwise, try adding this memory foam mattress topper to your existing bed setup. It offers two inches of body-conforming memory foam, infused with temperature regulating gel beads that keep you from overheating at night. Side and stomach sleepers especially will appreciate how it relieves pressure on their shoulders and hips, evenly distributing weight to alleviate aches and pains.

35

These waterproof labels that you can customize & print at home

These waterproof, oil-resistant film labels are perfect for customizing jars or bottles of skincare, food, soap, and more to keep your belongings clean, labeled, and organized. You can easily customize each printable label online, and print it at home using a laser or pigment-based inkjet printer. The adhesive won’t be dissolved by water, grease, or oils, so this works for all sorts of products.

36

An industrial soap dispenser that reduces clutter around your sink

Replacing the bottle of hand soap or dish soap on your kitchen sink with this soap dispenser will help reduce clutter and make it blend in with the rest of your kitchen finishes since this comes in matte black, brushed nickel, or polished chrome. The pump is the only part of the dispenser that’s visible, because the 17-ounce bottle stays hidden beneath your sink hole.

37

This clever attachment that turns the arm of your couch into a side table

With the help of this couch arm tray, you have an instant solution for where to put your drink, snacks, or the remote while you lounge. It converts the arm of the sofa into a modern-looking tray that won’t slip or slide. Use it as a coaster to prevent water damage to your furniture, and you can simply fold it up when you’re done.

38

A shabby chic hanging shelf that shows off your plants

Your houseplants will look great on this macrame hanging shelf with twisted cotton cords and a wooden base. Hang it from the ceiling and allow your plants, real or faux, to extend down towards the floor for a shabby chic-inspired look. The shelf measures approximately 12-by-12 inches, so it’s large enough for one to two small or medium size plants.

39

These sheer curtains that let light in without compromising on privacy

These ombre sheer curtains are a stylish solution for window privacy that still allows plenty of light in. These curtains come in neutral colors like gray and chocolate brown as well as vibrant colors like purple and teal and a variety of sizes, so they’ll work in any room, which is probably why this popular option has 4.6-stars on Amazon.

40

This handy bamboo box to keep teabags sorted & fresh

Tea lovers will surely appreciate this bamboo tea box organizer, which has eight handily-sized compartments for sorting every last kind of tea in your pantry. It’s a streamlined way to organize your collection and also helps keep them fresh and ready to drink at all times. If you’re not a tea person, this box is also good for sorting other types of small items, like beauty samples, office supplies, crafting supplies, and more.

41

This tiered tabletop fountain that’s really great for relaxing

Add a sense of tranquility to your entryway, bedroom, or meditation area using this tiered tabletop fountain. A quiet, submerged pump circulates water automatically and keeps the fountain clean, and it emanates a soft glow so it can be used as a nightlight. This fountain includes a set of river rocks for the base and each tier, and you can also add more of your own to get the exact look you want.

42

An alarm clock that makes waking up less stressful

Consider investing in this sunrise alarm clock, which wakes you up gradually with a warm LED light that starts to illuminate 30 minutes before your alarm, becoming brighter and brighter until it’s time to get out of bed. There are eight color options, so you’re not stuck with a classic sunrise color, and its easy-to-use features make it setting alarms and hitting the snooze button a breeze.

43

This pet water fountain that looks better than a bowl & entertains your cat

Your cat will love this adorable daisy water fountain as much as you love how it looks in your home. Unlike similar products, this one is made from easy-to-clean stainless steel, and uses an ultra-quiet water pump that lasts three to five years. One reviewer wrote “[Our cat] gets super excited when we add water to it, and often just lays down next to it to spend time with it…He’s essentially the cat version of Andy from Parks and Rec, and this fountain is the winner: he is hydrated and happy!”

44

An eye-catching industrial light fixture that makes a big statement

Swap your dated hanging light fixture for one of these metal pendant lights, and you have a simple recipe for stylish, modern decor. With a 14 3/4-inch long adjustable cable, these globe-shaped pendants are great to hang over a dining table or in your living room. They’re compatible with any E26 Edison bulb for a real retro-modern aesthetic, including dimmable ones.

45

This useful rack for your entryway that holds everyday essentials

This handy key and mail holder makes the perfect entryway or garage accessory. Made from solid pine wood, it has a slot for mail and paperwork, four double hooks for keys, jackets, and bags, and an additional shelf for other small items. No assembly is required, just mount it to the wall with the included hardware and you’ll be ready to go in minutes.

A look back on the life of the first lady of Dallas real estate

A look back on the life of the first lady of Dallas real estate

Editor’s note: Take a look back into The Dallas Morning News Archives.

Imagine having one of the most ubiquitous names in not only North Texas, but also in real estate. Ebby Halliday (1911-2015) was a galvanizing businesswoman who built one of the largest residential real estate firms in Texas before it was sold to HomeServices of America in 2018. Since 1945, the woman behind the name was a part of her company until her death and proved to be a dynamo on and off the market.

From a single woman selling undesirable concrete homes to having almost 2,000 employees and handling billions of sales, Ebby Halliday remains a Dallas legend. Take a look back at The News archives for the headlines and highlights of Texas’ real estate queen.

The beginning

Photo of Ebby Halliday, published in The Dallas Morning News Dec. 11, 1957.
Photo of Ebby Halliday, published in The Dallas Morning News Dec. 11, 1957.(The Dallas Morning News)

Halliday moved to Dallas in 1938, originally selling hats from a department store and then her own shop before moving into real estate, starting her business in 1945. In just over a decade, The News billed her as “the national queen of her profession” on Dec. 11, 1957, to capture her growing reputation. That year alone, she “made 60 speeches and traveled over 70,000 miles” for engagements.

Two years later on Dec. 20, 1959, Halliday peered over the Dallas skyline, “which symbolically is ‘hers’” due to her prowess of running $12,000,000 in annual sales, which is roughly the equivalent to $107,000,000 in today’s dollars.

‘70s and ‘80s

Ebby Halliday photographed with her "computerized property listing" equipment. Published in The Dallas Morning News, Sept. 19, 1971.
Ebby Halliday photographed with her “computerized property listing” equipment. Published in The Dallas Morning News, Sept. 19, 1971.(The Dallas Morning News)

Never one to fall behind, Halliday used the best resources available to further improve her real estate services. On Sep. 19. 1971, Halliday showed off the latest technological equipment of Realtors Computer Service Inc., “a computerized property listing service offered to realtors across the nation.”

By the 1980s, Halliday became a bonafide real estate magnate with her billion-dollar corporation. In a feature published Sep. 9, 1983, the businesswoman spoke candidly to The News about her life and revealed that the iconic name Ebby Halliday was not her birth name, rather, it was Vera Lucille Koch.

Name change

Ebby Halliday pictured next to her husband, Maurice Acers. Published in The Dallas Morning News, Sept. 25, 1983.
Ebby Halliday pictured next to her husband, Maurice Acers. Published in The Dallas Morning News, Sept. 25, 1983.(The Dallas Morning News)

Born in Arkansas, the future multimillionaire caught the entrepreneurial bug at 10 years old by selling salves. She credits her stepfather for instilling a strict work ethic, which she carried throughout her career, and also passed along to her employees.

After graduating high school, she moved to Kansas City to sell hats at a department store, which was the last time she went by Vera Lucille. She recalled when “one of the buyers who I admired a great deal told me I had to get rid of Vera Lucille. She said it was the silliest name she’d ever heard. I needed something more sophisticated. I thought about it and came up with the name Ebby.”

By the early 1940s, Ebby had moved to Dallas and opened her own shop, Ebby’s Hats. She came across an opportunity in 1945 that would change her life and a whole industry. A customer who liked the decorations of her store asked Halliday if she could help her husband sell 52 concrete houses. She sold them all within 14 months.

The secret? “‘I just picked one of the houses and decorated it,’ she says. ‘I guess it was the first model home in Dallas. This really worked well. People liked the finished product.’”

Perfect success

Despite all her success, Halliday considered her biggest accomplishment “getting Maurice to marry [her].”

Maurice Acers, whom Halliday married in 1965, was a prominent attorney. She credited him as being an indisputable part of the story of her company’s growth. Maurice had a work ethic to match his wife’s, to the point where they brought their accountants and secretaries to their honeymoon in Mexico.

Ebby Halliday, real estate magnate. Published in the Dallas Morning News, Mar. 9, 2006.
Ebby Halliday, real estate magnate. Published in the Dallas Morning News, Mar. 9, 2006.(The Dallas Morning News)

Age could not stop Halliday from running the largest real estate firm in Texas by sales, and 23rd in the nation. In 2006, her 95th birthday party was the talk of the town, as were all the tributes for her 100th in 2011. For her 99th birthday, her favorite Dallas Mavericks’ player Dirk Nowitzki presented her with a signed basketball. In 2012 on her 101st birthday, she attended the dedication of Ebby Halliday Elementary in southeastern Dallas.

Halliday died on Sep. 8, 2015, in Dallas, where her legacy continues to prove the adage, “Everybody loves Ebby.”

Interested in learning more about local history? Become a Dallas Morning News subscriber at dallasnews.com/archives.