The ‘Cloffice’ Is the New Cubicle

closet office

By Becky Bracken

EXPERT INSPIRATION TO PUT THAT CLOSET TO WORK BEAUTIFULLY

The dining table was fine for a while. We were supposed to be working from home for only a few weeks. But then the weeks turned into months, and now the months have turned into (gasp!) nearly a year.

So we found refuge wherever we could—behind closed bedroom doors, out on the patio, or even inside our closets.

And so the “cloffice” was born.

Sure, we used to dream of closets filled with designer handbags and red-bottomed heels and stacks of cedar shelves meticulously filled with new fashions. But times have most certainly changed. And for so many of us trying to type and Zoom through the chaos, the closet has become the last bastion for something resembling a dedicated office space.

In fact, the idea of the cloffice has become so popular it’s been called out by Pinterest as one of the hottest trends to watch for in 2021.

“Say goodbye to open floor plans,” the folks at Pinterest say. “Pinners are getting creative with closed doors. In 2021 we’ll all learn what a ‘cloffice’ is. Even when doors aren’t available, people will find new ways to create some personal space.”

While the circumstances surrounding our collective cloffice creation are undeniably garbage, that doesn’t mean our personal spaces need to be, too. We reached out to the experts for their best advice on creating a cloffice—these smart ideas will make you want to work overtime to transform that cluttered, dust bunny–filled closet into a bona fide home office fit for a boss.

Your ‘cloffice’ must-haves

There are three primary things every good cloffice needs, according to Ginger Curtis, owner of Urbanology Designs in Dallas: a place for everything, good light, and comfort.

“Good lighting is extremely important to a functional and pleasing workspace. If you are lacking natural light, make sure you have good overhead lighting,” says Curtis. “Having a designated spot for everything is also critical to making it a comfortable spot.”

Ideally, a cloffice should be a beautiful, personal space that helps set the tone for the workday, even if there are barking dogs, leaf blowers, and TV cartoons blaring in the background.

“I would elevate a cloffice by doing some really fun wallpaper paired with amazing art,” Curtis advises.

For inspiration, Instagram and Pinterest are filled with gorgeous cloffice spaces—some more lavish than others—but all manage to carve out a tidy, functional, and beautiful professional oasis in the middle of home.

Plan how you’ll keep your cloffice organized

Kayla Wallace, the designer behind Chippy Charm, says she’s thrilled with the results of the cloffice (above) she just installed in her home.

“When designing your cloffice, keep in mind what is going to be the most effective for your family to keep it organized,” says Wallace. “Open storage is usually best, so utilize as much wall space as possible for shelving.”

That’s why the shelves in her home cloffice are custom-shaped, she explains.

“Our closet is deep past the wall on both sides,” she says. “This is why our shelving makes U shapes instead of standard straight-across shelves. This way we can still utilize the free space between what would typically be the shelf and wall. It also creates a more custom built-in look.”

But you don’t need custom-shelving talent to create your own cloffice. This chic, airy closet-turned-homework station for the kids was done by Jennifer Gizzi, the talent behind the blog Making Pretty Spaces.

She created it with the Elfa system from The Container Store. Here, the wallpaper gives the area a bit of fun and focus, and helps define it from the rest of the surrounding room.

Keep your closet-office hybrid simple

This cloffice space is done in a beautiful blue, anchored by striking art, and even has a high shelf for functional storage with offsetting wallpaper for a finished, detailed look. The designer Lahari Rao calls it a “space within a space, ‘Inception’-style.”

But even though it looks complicated, creating a beautiful cloffice of your own is all about keeping things simple, Rao says.

“With a cloffice, you can leverage the existing features of the closet easily—for example the side nooks to tuck away bookcases or the top shelves for storage/books,” Rao says. “Since it is a smaller space, it’s critical to add just enough to still maintain an open, seamless feel.”

Pick a neutral paint color and/or wallpaper (pictured: Benjamin Moore’s Gentleman’s Gray and a terrazzo print), she suggests, and be mindful of the small space.

“Avoid too many decorative accessories and clutter,” Rao adds. “Swap the desk lamp for a ceiling one, or the horizontal paper tray for a vertical magazine file to store papers.”

And don’t forget to have something inspirational to look at during the workday.

“I’m a big proponent of surrounding yourself with imagery that reflects and inspires you,” Rao adds. “For me, that was powerful brown women that broke norms.”

Rao’s cloffice came about because trying to get work done in the common areas of her home just wasn’t cutting it anymore.

“Like many others during the pandemic, I tried to work in transitional spaces—the kitchen, living room, front door area, etc. It wasn’t working,” Rao says.

“I realized I owed much more importance to my workspace—it wasn’t selfish, but rather a self-care gesture to provide my mind and productivity the respect it deserves.”

6 Coronavirus-Friendly Home Upgrades That Cost Less Than $10K—and Will Bring In Offers

home upgrades

By Kathleen Wilcox

Getting a home improvement project to pay off is notoriously tricky. There’s no guarantee you’ll recoup the money you pour into a bathroom remodel or an outdoor kitchen. Plus, the COVID-19 pandemic has made completing even minor projects more difficult, as many nonessential construction projects have been halted.

And while it might seem crazy to take on a big-ticket project in a time of economic uncertainty, many home buyers are still looking for turnkey properties with attractive amenities. So if you’re a seller with a house in need of a little TLC, you should focus on relatively low-budget upgrades that will seriously juice your home’s value.

Below, our experts spill on the improvements under $10,000 that buyers are perennially interested in, plus the trending ones whose popularity is likely to last.

Deep cleaning: $500 or less

Scuffs on doors, counters, cabinets, and walls; a ring of scum around a drain; cobwebs in basement corners; toys or tools peppering lawns and patios—these all look bad in the eyes of potential buyers. Luckily, eradicating these blemishes doesn’t take much.

“Deep cleaning is one of the most important things you can do for a little money that dramatically increases your value in the market,” says Heather Wendlandt, a real estate agent with the San Diego-based Team Kolker. “The Magic Eraser and elbow grease can go a long way.”

She says deep cleaning, plus basic paint touch-ups, can increase home values by thousands.

Front-door upgrade: $2,000 or less

Thee front door is the first part of a home that a potential buyer will interact with, so it’s worth lavishing attention on every detail. A fresh coat of paint, new hardware, or updated accessories like house numbers, door knockers, and attractive lighting are all easy and relatively inexpensive to obtain.

Wilmington, NC–based real estate agent-turned-blogger Rebecca Fernandez says that when she was given a listing that sat on the market without activity for months, a front-door upgrade helped make a difference.

“I convinced the homeowners to provide me with a budget of $500,” Fernandez says. “It was a very small Cape Cod home, painted dark beige, with an unflattering wood front door. To add contrast, I purchased black vinyl shutters and painted the door a dark red. Next, we cleaned up the front lawn and purchased a door mat, flowerpots, and mums, since it was autumn, and we wanted it to have a fresh, seasonal look. After those minor tweaks, with new pictures online and the added curb appeal, we drew multiple buyers and sold the property quickly.”

Touchless fixtures and fresh-air systems: $200 to $5,000

During the pandemic, certain fixtures have become more relevant—and coveted—than ever.

What buyers want right now are touchless fixtures like sinks and toilets that eliminate your need to come into contact with a germ-filled surface, says Scott Campbell, team leader at Cedarburg, WI’s Re/Max. Both of these upgrades cost a few hundred dollars to install around the house.

Another pandemic must-have is excellent airflow.

“Updating mechanical systems and adding a RenewAire system that pulls fresh air into the home every few hours is a huge plus for buyers,” Campbell says. “Ultraviolet air exchanges that help kill viruses are also smart investments and very practical for home showings during the pandemic.”

Better kitchens and bathrooms: $9,000 or less

Kitchens and bathrooms that look outdated or cheap can sink the value of an entire home.

Tracy Jones, an associate with Re/Max Platinum Realty, witnessed firsthand how a kitchen face-lift boosted her home’s value.

“During the years we’ve done some hefty renos, but resurfacing our kitchen cabinets cost less than $4,000. We replaced the cheap-looking plywood cabinets with white doors and custom-built drawer fronts with soft-pull hardware,” she says. “We also upgraded the 1990s Formica countertops with granite for $4,000, creating a modern look.”

Jones believes these upgrades helped them bring in a profit. They bought the home for $189,000 in 2006 and sold it for $425,000 in 2020.

Bathrooms can also make or break a deal.

Erik Wright, owner of New Horizon Home Buyers in Chattanooga, TN, says he helped renovate and flip a home that cost him $80,000 and was sold for $140,000. Of the $15,000 he invested in home improvement, Wright put $9,000 toward upgrades on the kitchen and bathroom, including light fixtures, new cabinets and counters, fresh towels, and new vanities and faucets. All told, he cleared $45,000, primarily through minor tweaks.

Backyard upgrades: $500 to $10,000

Backyards are now thought of as an extension of the home.

“For those in the suburbs, pools, koi ponds, and fountains are newfound hot-selling items,” says Neal Clayton, licensed partner at Engel & Völkers in Nashville, TN. A small water feature that makes a soothing impression can be purchased and installed for as little as $500.

“Fire pits and outdoor kitchens with basic cabinetry are also frequently requested as people find creative ways to expand their living spaces,” Clayton says.

Home office: $10,000 or less

Home offices were on their way out before the pandemic, but they are all the rage now. Converting a room and buying all of the furniture, accoutrements, and shelving cost well under $10,000, experts say.

If you’re on the fence about carving out a home office space, consider this: Many buyers won’t consider a home these days if it doesn’t have a place where working or schooling from home is feasible.

Second Home vs. Investment Property: What’s the Difference?

second home investment property

By Sara Kuta

You hear these terms thrown around all the time: Second home, investment property, vacation home, rental property. But is there any real difference among them? And does it even matter what you call it?

As it turns out, there are some very big differences between second homes and investment properties, especially if you are financing it.

“Both are fantastic ways to build wealth over time by capturing the appreciation of a real asset,” says Tony Julianelle, CEO of Atlas Real Estate in Denver. However, “both come with inherent risks and expenses that should be carefully considered when making a purchase.”

As with any real estate transaction, you’ll want to do your homework and make a smart choice for your wallet, no matter which path you go down. We chatted with experts to get the scoop.

What is a second home?

A second home is just that: a second property where you and your family spend time, away from your primary home. You might also hear a second home referred to as a vacation property. You may rent it out for a few days each year on Airbnb or VRBO, but you primarily use it yourself.

Buying a second home makes financial sense if there’s one particular vacation spot you visit regularly. Why spend a fortune on hotels or Airbnb when you can own your own piece of paradise that will hopefully appreciate in value over time?

“Let’s say you live in San Francisco, but you are an avid skier in the winter and like to hike in the summer,” says Rachel Olsen, a real estate agent in California. “If you spend many weekends and vacations in Lake Tahoe, it may make sense to purchase a second home there.”

What is an investment property?

An investment property, on the other hand, is one that you purchase with the explicit intention of generating income. The investment property could be right next door to your own home, or it could be in another state—it doesn’t really matter. You’ll be playing the role of landlord, with long-term or short-term renters paying cash to stay in the home.

“Never forget that an investment property is all about the Benjamins,” says Lamar Brabham, CEO and founder of financial services firm Noel Taylor Agency. “The entire point is to turn a profit. No emotions, no affection.”

Before making an offer on an investment property, you’ll want to crunch the numbers to make sure it’s a solid investment. Similarly, consider what factors will be important to prospective tenants (e.g., access to public transportation, good schools, parking, and low crime rates).

How to finance a second home or investment property

If you’re paying cash, you can skip this section. But if you need a mortgage for your new property, you should know that financing a second home or investment property is very different from financing a primary residence. And, while mortgages on second homes and investment properties have some similarities, there are also some key differences.

  • Interest rate: You can expect to see a higher interest rate for both second homes or investment properties than for primary homes. Why? Because lenders view those transactions as riskier. If you get into a tight spot with money, you’re far more likely to stop paying the mortgage for your second/investment property than for your primary home.
  • Qualifying: Whether you’re buying a second home or an investment property, you might need to do some extra legwork in order to qualify for that second loan. Your bank may require you to prove that you have healthy cash reserves (so it knows you can afford both mortgages). It’ll take a long, hard look at your overall financial situation, so be sure everything is on the up and up before you apply.
  • Down payment: Depending on your situation and the lender, you might also need to bring a larger down payment to the table for an investment property or second home, typically 15% to 25%. Again, this is because the bank wants a bigger cushion to fall back on in case you default.
  • Rental income: If you’re buying an investment property, your lender might allow you to show that anticipated rental income will help cover the mortgage payments. However, proving how much rental income the home will generate can be complicated. Prepare to pay for a specialized appraisal that takes into account comparable rents in your area.
  • Location: Your lender may require a second home to be 50 to 100 miles away from your primary home. An investment property, however, can be anywhere in comparison to your primary home, even next door.
  • Taxes: Federal income tax rules are different for vacation homes and investment properties. Generally, you’ll treat your second home just as you would your first home when it comes to taxes—if you itemize, you can deduct the mortgage interest you paid up to a certain limit. (The rules vary if you rent out your second home for part of the year.) If you own an investment property, you get to deduct the mortgage interest, plus many of the expenses that come with operating a rental business, but you also have to report your rental income, too.

Why it’s important to not confuse the two

It’s important that you’re totally clear about the difference and not use the terms “second home” and “investment property” interchangeably. Some people try to pass off their investment property as a second home to get more favorable financing, but you should never do this.

If you lie on your loan application, you could be committing mortgage fraud, which is a federal offense.

Your lender’s underwriting team is aware of this possibility, so don’t try to pull the wool over their eyes. They’ll take the big picture into account when deciding what loan terms to offer you, says real estate attorney David Reischer.

“A single-family residence by a lake that is located in a completely different state from the borrower’s primary residence is much more acceptable to be categorized as a second home by a bank underwriter,” he says. “A multifamily-unit property with rental income in an urban area is likely to be treated as an investment property.”

Bottom line: Keep everything aboveboard, and you won’t have to worry about a thing.

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home on pond opelika al

6202 LAFAYETTE PARKWAY
OPELIKA, AL

SEE DETAILS HERE

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DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON

SOLD! LOT 11 VISTA WOOD STILLWATERS LAKE MARTIN

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SOLD! 11 VISTA WOOD STILLWATERS
LAKE MARTIN

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ANOTHER RESIDENTIAL LOT IN STILLWATERS SOLD BY
DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON