Homeownership Tips: 4 Simple Interior Design Trends for 2024

Homeownership Tips: 4 Simple Interior Design Trends for 2024

New year, new décor? Interior design can turn a house into a home with the combination of modern or traditional flare and personal style. Whether you’re planning to sell your current home in 2024 and need to attract potential buyers with stage-worthy features or looking to renovate or elevate your space, here are a few interior design trends to enhance the appeal of your home and leave a lasting impression.

Neutral Elegance

Using a neutral color palette creates a timeless and refined look. In keeping up with 2024 interior trends, design expert Ashely Childers suggests embracing natural colors and textures to foster a warm, clean, and sophisticated environment. Neutral tones and materials also show potential buyers a blank canvas to envision their own style in the space.

Nature’s Charm
Bringing nature indoors can not only elevate the space, but also has been known to enhance people’s energy, creativity, and mood. Consider adding statement greenery and plants, natural materials like wood or stone, and large windows that let in ample natural light.

Tech Chic
Incorporating modern smart home technology offers convenient features, such as controlling the thermostat with a mobile device or automating room lighting, but it also helps create a modern, elevated environment. Replace any old or outdated technology that may be visually unappealing and opt for the latest line of home electronics and appliances.

Bold Move
While neutrals are essential, that doesn’t mean you have to shy away from making bold, playful statements. Introduce pops of color, vibrant patterns, rich textures, or eclectic decor pieces to add personality to a room. While pastels have been popular, designers featured in Architectural Digest predict that colors in 2024 will be taken up a notch with more vibrant, saturated hues, such as deep blues, browns, burgundy, and plum. Bold moves can help enrich a space and create a memorable and visually striking impression.

While you visualize your home’s interior design or staging, Supreme Lending is here to help with your home financing needs. Contact us to learn about our wide variety of mortgage options and refinancing.

What to Know About the Condo Loan Process

What to Know About the Condo Loan Process

Condominiums—commonly known as condos—are a great option for homebuyers looking for less maintenance, urban settings, lock-and-leave lifestyle, and community amenities. But the differences between financing condos and single-family homes may bring more complexity to the condo loan process.

Condos are privately-owned units within a building where residents have ownership of their interior space and share ownership of common areas and exterior space (i.e., pool, roof, landscaping). Condo buildings are typically managed by a homeowner’s association (HOA). Upkeep of the common areas can be funded through monthly HOA fees, which are in addition to a resident’s mortgage payment.

The condo loan process typically considers several more factors than the process for a single-family home. Down payment minimums and interest rates may be higher for condo loans too. When financing a condo, lenders will not only look at the buyer’s financial history but may also evaluate the condo community’s condition and finances.

Several types of loans have requirements that condo associations must meet for a lender to be able to provide financing, which identify the condo as “warrantable.” If a condo property doesn’t follow specified guidelines, lenders, including Supreme Lending, can offer condo loan options for non-warrantable properties if eligible. Condo loan options include Conventional, FHA, VA, and new construction.

While the condo loan process may be more complex, Supreme Lending has an experienced in-house Project Review Office team dedicated to helping speed up the process by gathering and processing required documents for condo loans for a smooth homebuying experience.

Are you looking to finance a condo now or in the future? Contact your local Supreme Lending branch to get started.