Updated: Saturday, October 21, 2017
13 Decorations to Pair With Beautiful Dark Walls
Dark walls, from inky blue to charcoal and black, are refined and dramatic - but decorating around them without making your space feel too dark can be tricky. If youve been thinking of painting one or more walls a deep, dark hue, these ideas for color and decor pairings should help.
Natural wood. Natural wood, whether in a mirror frame, rustic tabletop or chair, helps lighten up dark walls while also emphasizing their richness. You cant go wrong with a driftwood or barn wood mirror, a farmhouse table or bentwood chairs.
Sculptural shapes. Place anything colorful or white in front of a dark wall, and your eye will be immediately drawn to its contours. Try placing a group of pottery pieces on a console or mantel. Or highlight the shape of an unusual table or chair by positioning it in front of a deep, dark wall.
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Green plants. Potted plants and indoor trees look even lusher when placed in front of a dark wall. The dark color recedes into the background, creating the feeling of having a mini forest in the room instead of a few plants. Bonus >
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Large artwork. A single piece of oversize art hung on a dark wall has the most impact - even more than a salon->
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White. If you feel at all unsure about which direction to go in with the other elements in your dark painted room, choose white mdash; it always works. In this bedroom a charcoal wall is set off by a grouping of wall-mounted plants on white bases, white bedding and white window treatments.
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Pale, watery hues. Soft and ethereal, pale aqua, mint, champagne and silvery gray bring lightness to a room with dark walls. Try these watercolor-inspired hues in bedding, a throw or pillows for an elegant feel.
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Rich mustard and teal. These hues complement deep blue, gray or even dark chocolate walls by bringing in the colors of fall. Just a small touch of mustard, teal or both hues will do mdash; try a throw, pillow covers or curtains.
Photo by Breeze Giannasio Interiors - Browse powder room photos
Wild card pairing: brights. A flash of hot pink, neon yellow or vibrant turquoise is daring - and exciting Brights work best with black or charcoal; adding these bold hues to a room painted another dark color like navy or forest green is riskier. Test out a fun color pairing with a low-cost addition like hand towels or a cluster of bright vases.
Mirrors. Dark walls in a room without much natural light run the risk of making it feel oppressive. Boost what light you have by adding mirrors - even small, decorative mirrors, like the ones shown here, can help lighten things up. If the room is very dark, add a larger mirror, either on the wall or leaning against it.
Photo by Jessica Helgerson Interior Design - Search bedroom pictures
Acrylic and glass. Like mirrors, clear materials, like acrylic and glass, can help a dark space feel a bit lighter. Swap out a wood piece, like a console, for a glass or acrylic version. Or add a large glass vase filled with greenery for a quick boost.
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In this living room, dark gray walls are lightened up with a glass coffee table, an acrylic TV stand, white trim and a light sofa and rug.
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Rich texture. Dark walls call out for touchable textures, like velvet, silk, oiled wood and fluffy mohair. Consider a plush velvet sofa, velvet or silk accent pillows, or a mohair throw in a living room with dark walls.
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Oriental rugs. Rolling out an Oriental rug is a good way to marry a daringly dark wall color with a traditional home. These carpets tend to include a range of rich, deep colors, lending them well to dark walls in just about any hue.
Antiques. As with using traditional rugs, bringing in an antique piece or two is a wonderful way to take the edge off a strong wall color. In the room shown here, dark walls look refined alongside an eclectic mix of antiques and modern Lucite chairs.
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The FAFSA And Real Estate: When To Buy And Refi To Get The Most Aid For College
Getting ready to fill out the dreaded Free Application for Federal Student Aid FAFSA? Its the form that strikes fear in parents of college students and college students-to-be who have been cautioned about the tedious process involved, and the disappointing results. And while there is a ton of advice out there about how to properly prepare, what you need, and what to expect, theres another layer of concern for homeowners and homebuyers: How does the FAFSA affect you if youre in the market, already own a home, have investment property, or are thinking about refinancing? Were breaking it down.
First, a little bit about the FAFSA for those who have not yet had the pleasure: "Based primarily on your familys income and assets, the Expected Family Contribution EFC qualifies students for federal grants, loans and work-study programs," said Bankrate. "The purpose of the FAFSA is to calculate your expected family contribution, or EFC - the amount the government believes your family can contribute for college that year."
The good news for homeowners getting ready to fill out the FAFSA is that a principal residence is not reported as an asset. But, other real estate holdings may count as assets and may reduce your financial aid award.
If you have a small business that is both owned and controlled by your family and has fewer than 100 full-time or full-time equivalent employees, it is not a reportable asset. However, income from a rental property cannot be included as a small business.
"Rental properties are a popular tax and investment strategy among parents, but they do not qualify as a family controlled small business asset that can be excluded from the FAFSA," said Forbes. "Dont make the mistake of thinking that you can just throw your rental properties in an LLC and exclude the value as a small business on the FAFSA."
Real estate can be reported as an asset on the FAFSA as either investment real estate or business/farm assets. "For real estate to be considered a business asset, it must be used in the operation of the business, not incidental to it," said Fastweb. "Sub-regulatory guidance published by the US Department of Education indicates that, A rental property would have to be part of a formally recognized business to be reported as such, and it usually would provide additional services like regular cleaning, linen, or maid service. This is similar toIRSguidance concerning whether rental income from real estate must be reported on Schedule E or Schedule C ofIRSForm 1040."
If youre unsure of whether to report rental income as a business asset or investment asset, there are some rules of thumb that you can read about here, but the best course of action is to consult with your accountant or tax attorney. Keep in mind, though, that reporting real estate as a business or farm asset has "less of an impact on the students expected family contribution EFC than investment assets."
Because your principal residence is not a reportable asset on the FAFSA, it doesnt matter how much equity you have in your home; whether the house is worth a mere 100 more than when you bought it or you have 300,000 worth of equity, it wont count against you.
Paying down the balance on your home prior to applying for the FAFSA is one of the strategies recommended by financial professionals for those who need to lower their cash on hand and savings. "To get the most financial aid, consider shifting some assets from reportable categories into nonreportable ones before you sit down to fill out your FAFSA," said TIME Money. "For example, you might use some money from reportable assets like bank accounts and mutual funds to pay down the mortgage on your home, which doesnt count as an asset on the FAFSA."
But, home equity can come in handy in another important way: tapping into it can be a smart move if youre low on funds and need to find a way to pay for college, especially if the interest rate is lower than a federal Parent Plus loan or a private education loan.
Refinancing, and, especially a cash-out refinance, can be especially tempting if you have an interest rate that is higher than what is currently being offered. A cash-out refi would readjust your rate hopefully to something lower than what you currently have and give you money that could be used to pay for college tuition. But, there are issues associated with this type of refinance that may make you think twice, like the upfront disbursement.
"This yields a lump sum in advance, years before the money is needed," said fastweb "The interest rate may be very low, but the borrower will pay interest on the loan for many years before the money is needed to pay for college bills. Interest begins accruing from the date of disbursement. Another problem with a cash-out refinance is that the money will be counted as a parent asset until it is used, reducing eligibility for need-based financial aid."
For this reason, a home equity line of credit HELOC is often the preferred refinancing method for those looking to use the funds for college.
"In a climate of lower housing interest rates, a home loan might seem like an attractive option for some parents to help shoulder the cost of paying forcollege," said US News. "A HELOC is a type of home equity loan that allows borrowers to borrow a line of credit against the value of their home - it operates almost like credit card and usually has a floating interest rate. A borrower can limit the amount to just whats needed under a HELOC compared with a home equity loan, which requires taking out a lump sum. The minimum amount for a home equity loan can range between 10,000 and 25,000 at lending institutions, home loan experts say."
Be aware, though, that, a HELOC may be counted toward yourEFC. Because of this, the timing of taking out the loan and filling out the FAFSA is critical. Waiting until after you file the FAFSA to take out the loan, or timing it so the proceeds of the HELOC do not hit your bank account until after you file, can protect these funds from being counted against you and having your need-based aid reduced.
Getting ready to buy a house
If youre in the market and wondering you to manage the timing of your home purchase and FAFSA filing, youll be pleased to know that buying now will likely help you when it comes to getting money for college. In determining your need-based aid, any money you currently have set aside for your down payment and closing costs would be used to reduce the amount of aid awarded. Putting it into a home improves your financial picture, at least in terms of the amount of help you can get for college.
The FAFSA has questions that "ask about how much cash students and parents have in savings and checking accounts atthe moment you are filling out the FAFSA," said TIME Money. "But notice that there are no questions on the FAFSA about your debts or bills."That means that sheltering your money in real estate, so long as that real estate is the only property you own and you intend to live in it, is a smart move.
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How Much Do Home Alarm Systems Affect Resale?
Home alarm systems can be particularly hard to calculate into resale value or return on investment ROI because their job is to prevent loss rather than achieve gains. You purchase a home alarm system with the hope that you never need to use it.
The reality is that a burglary is reported to police every 14.5 seconds. But robbery isnt the only thing that alarms can save you from. Smart alarms can detect smoke and hazards.
More than ever, homeowners want to feel safe in their homes. A built-in alarm system may be just what it takes to get your house off the market.
1. Alarm Systems Arent as Expensive as They Used to Be
According to HomeAdvisors survey, most homeowners invest between 330-1,040 when purchasing and installing home alarm systems. However, with the advent of smart, connected technology, home security is more affordable than ever.
Products like the Nest Cam Outdoor monitor your home in 1080p high definition video that you can access from your smartphone 24/7. This monitor also has a two-way audio feature, meaning you can use your voice to scare off intruders or give live instructions to a delivery service. Smart products allow you to monitor your home yourself, which cuts down the cost of hiring a security company to do the monitoring for you.
Smart products send security alerts right to your phone, allowing you to act fast and take control. Monthly security subscriptions on smart products are usually a fraction of the cost of subscribing to a traditional security service.
2. Add Resale Value
Owning a safe and secure home is appealing to every home buyer, from frequent travelers to families. That means pre-installed cameras, smoke detectors, and smart locks can be huge selling points. The more convenient and easy-to-use the security, the better.
One of the most desired security features for homeowners is motion sensor lighting over the driveway. Not only does it scare away late-night intruders, it also helps homeowners navigate in the dark. Buyers want added safety and convenience in their everyday lives, and the right security system can provide both.
3. Home Security Lowers Neighborhood Crime
In 2016, Rutgers University >
Burglars are less likely to break into homes that are protected with home security, and that fact carries over when applied to entire neighborhoods. Safe neighborhoods are highly desirable to homeowners and can help your home sell faster and at a higher price.
4. Alarm Systems Can Reduce Your Homeowners Insurance
If you financed your home with a mortgage, you are most likely required to have home insurance. While the price of home insurance varies, most companies offer discounts to homes with security systems.
With a home monitoring system installed, you can save up to 20 on home insurance. Those savings can amount to hundreds of dollars per year or the cost of the security system all together.
5. They Save Money in the Long Run
Burglaries can cost you, not only in the possessions stolen from your home, but also in the damage that many homes incur during a burglary.
Most burglars enter homes through the front or back door or first-floor windows, usually breaking them in the process. The cost of fixing a broken window or kicked-in door can be even more expensive than the valuables taken.
It was found that when burglars enter homes with security systems, they are much more likely to leave quickly, taking fewer items with them.
While security systems arent foolproof, they do offer the benefit of safety and security. Whether youre installing a system for yourself or for future homeowners, the peace of mind it offers is the ultimate ROI.
Written By: Katy Caballeros
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