A non-purpose loan is an alternative type of loan that allows individuals to use investment securities they own as collateral to borrow money. With a non-purpose loan, borrowers can get access to the funds they need and continue to earn potential returns on their investments. However, non-purpose loans come with some financial risks to be aware of.
Read on to learn how non-purpose loans work and their benefits and drawbacks.
Key Points
• Non-purpose loans are unconventional loans that use investment securities as collateral.
• Borrowers get access to loan funds and can still continue to earn returns on their investments.
• These loans can be used for almost any purpose except purchasing securities.
• A borrower may need investment assets with a market value of at least $100,000 to qualify for a non-purpose loan.
• If the value of the collateral investments drops, you may have to add more funds to your account or partially repay the loan.
What Is a Non-Purpose Loan?
A non-purpose loan — also known as a securities-backed line of credit (SBLOC) — is a type of secured loan offered by some financial institutions and brokerage firms. Instead of using collateral such as a home or car to back the loan, a borrower uses securities in their investment portfolio.
Interest rates on non-purpose loans tend to be variable, and they may be slightly higher than the rates on personal loans. (A personal loan calculator can help you determine the personal loan rate you might qualify for.) The borrower must make interest-only monthly payments on a non-purpose loan until you decide to pay it off. The loan’s principal can be repaid in increments or all at once.
The Way a Non-Purpose Loan Works
With a non-purpose loan, you borrow money using your investments to back the loan, and you continue to earn any interest, dividends, and capital appreciation on those investments.
The amount you can borrow with a non-purpose loan varies, although you can typically borrow between 50% to 95% of your portfolio. The exact percentage depends on two main factors: the types of assets in your accounts and the value of your portfolio. Lender requirements may also be a determining factor. To qualify for a non-purpose loan, a lender may require you to have assets with a market value of at least $100,000.
Unlike traditional lending products such as personal loans, non-purpose loans are subject to maintenance calls. That means if the value of your investment accounts falls below a certain level, the brokerage or financial institution will ask you to boost the equity in your investments to meet the margin requirements.
In the case of a maintenance call, you’ll need to increase your accounts’ value by either depositing more money in them or partially repaying the loan.
Non-Purpose Loan vs Margin Loan
A margin loan is another type of lending product that’s backed by a borrower’s investment securities. Like a non-purpose loan, a margin loan allows you to borrow against the investments in your portfolio while continuing to earn any dividends and interest. Margin loans are subject to maintenance calls just as non-purpose loans are.
However, there are differences between the two. A margin loan is typically used for the sole purpose of purchasing more securities. A non-purpose loan, on the other hand, can be used for virtually anything other than purchasing securities. To obtain a margin loan you can only use the investments in one account as collateral, whereas you can get a non-purpose loan by using investments in several accounts.
Pros and Cons of a Non-Purpose Loan
Non-purpose loans have distinct benefits and drawbacks. For example, these loans are flexible and can be used for many purposes, but they often require borrowers to have investment accounts with a high value.
This chart gives an at-a-glance comparison of the advantages and disadvantages of non-purpose loans.
Pros of a Non-Purpose Loan
Cons of a Non-Purpose Loan
May not involve a credit check
High asset value may be required
Allows borrowers to earn returns on investments
Typically has variable interest rates
You don’t have to sell investments to secure the loan so you avoid capital gains tax.
Subject to maintenance calls
Can be used to finance almost anything
Can’t be used for purchasing investments
Pros of a Non-Purpose Loan
Non-purpose loans have several features that can make them attractive to borrowers.
May not require a credit check. Unlike traditional loans such as unsecured personal loans, a non-purpose loan might not involve a credit check. Instead, the lender may base the amount of the loan on the value of your portfolio.
Allows investment returns. Borrowers don’t have to sell their securities to obtain a non-purpose loan. They can continue to get possible returns on investments.
May avoid capital gains tax. Because you don’t have to sell securities to get a non-purpose loan, you won’t have to pay capital gains tax.
Provides flexibility. With a non-purpose loan, you can use the proceeds in almost any way you wish. For instance, you can use the money to pay off medical expenses, tide you over during a job loss, or for home improvement funds.
Recommended: Using a Personal Loan for Taxes
Cons of a Non-Purpose Loan
Along with possible benefits, there are some significant drawbacks of non-purpose loans to consider.
High asset value requirements. To qualify for a non-purpose loan, a lender typically requires you to have assets with a high minimum value of at least $100,000.
Variable interest rates. Non-purpose loans generally have variable interest rates, which means the rates can go up and down throughout the life of the loan. You may want to check personal loan rates to compare the interest rates of other lending options.
Subject to maintenance calls. The investments that serve as your collateral for a non-purpose loan are prone to market volatility, so you could be impacted financially. For instance, should the value of your securities go down, the value of your portfolio may no longer meet the collateral requirements for the loan, prompting a maintenance call. In that case, you might have to deposit money in your accounts or partially repay the loan.
Loan funds cannot be used for investing. Unlike margin loans, you can’t use the money from a non-purpose loan to purchase investment securities.
Recommended: How to Pay Tax on Personal Loans
The Takeaway
A non-purpose loan may be attractive to certain borrowers because it gives them the ability to use their investment securities as collateral while continuing to earn money on their investments. However, these loans tend to have high minimum balance requirements and variable interest rates, and they’re subject to maintenance calls, which could be financially challenging. Consider the potential pros and cons of a non-purpose loan to make sure it’s a good option for you.
You can also look into other lending products. While SoFi doesn’t offer non-purpose loans, we do offer personal loans with amounts ranging from $5,000 all the way up to large personal loans of $100,000. You can explore the different types of loans available, and shop around for the best rates, to decide which option is right fit for your borrowing needs.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
FAQ
What is the meaning of a non-purpose loan?
A non-purpose loan is an unconventional loan that allows you to use securities from different investment accounts as collateral for the loan. For some borrowers, the main advantage to this type of loan is that their investments stay intact, and they can potentially earn money from interest and dividends.
However, there are disadvantages to non-purpose loans. For instance, if the value of your investments drop, you may be required to add money to your accounts or repay part of the loan.
What is the difference between a purpose and a non-purpose loan?
A purpose loan uses investment securities as collateral and is typically used to buy more securities. A non-purpose loan is also backed by investment securities, but it can be used for almost any purpose, except for purchasing securities.
Is a non-purpose loan better than a purpose loan?
Non-purpose loans and purpose loans have different uses and requirements, and one isn’t necessarily better than the other. It mainly depends on what you’re using the loan for. A purpose loan is generally used for one specific purpose, typically to purchase securities. A non-purpose loan can be used for almost anything except purchasing securities. Only you can decide which type of loan is best for your intended use of the funds.
Photo credit: iStock/RgStudio
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*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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Creating a coffee bar at home is a great way to elevate your daily coffee experience and add a personal touch to your kitchen or living space, even in a rental. Whether you’re renting a home in Portland, OR, buying a home in Burlington, VT, or searching for an apartment in New York City, NY, having a dedicated space for your coffee essentials can transform your morning routine into a more enjoyable and relaxing ritual. From the smell of freshly brewed coffee to the convenience of having all your favorite beans, mugs, and brewing equipment within reach, a home coffee station is a perfect blend of function and style.
Designing a coffee bar at home that suits your taste involves considering things like space, equipment, and aesthetics. With a little planning, you can create a coffee corner that reflects your personal style while ensuring you have everything you need to craft the perfect cup. With tips from experts in the coffee and home design fields, we’ll show you step-by-step how to create an at-home coffee bar that caters to your unique needs and enhances your home coffee experience.
1. Figure out your space
When planning a coffee bar at home, the first step is determining the best spot for it. “Creating a space that suits how you want to make coffee and is enjoyable to use is the best way to grow your love of creating the perfect-tasting coffee at home,” shares Toby, the coffee expert behind Coffee with Conscience.
The good news is that you don’t need a large area to create a functional and stylish coffee setup. Whether you have an entire countertop to dedicate or just a small corner to spare, the key is to work with what you have.
Counter top vs coffee cart
“Creating the perfect home coffee station is all about thoughtful organization and quality essentials,” advises Brigette Romanek, interior designer and blogger at HomeDecorFull. “Start with a dedicated counter space near an outlet, using a small shelf or cart if space is limited.”
Whether you’re passionate about having a variety of brewing equipment on display or just tight on counter space, “Consider using a rolling cart for a flexible coffee station that can move around your space,” recommends blogger Gina Dickson of Intentional Hospitality, a blog providing tips and advice on hosting at home.
Stick to the essentials
Once you’ve identified the perfect spot for your home coffee bar, consider the flow of your daily routine and the accessibility of your coffee essentials. “Keep your most-used items within easy reach, arranging them by workflow (like grinder, filter, brewer, then cups),” recommends Romanek from HomeDecorFull.
No matter the size of the space, the goal is to make your at-home coffee bar an organized, inviting spot that streamlines your coffee-making process. “Avoid cluttering your coffee space with unnecessary gadgets,” shares Matthew Barry, roaster and owner of Ember Coffee Co. in Big Lake, MN. “Ensure that at least half of your setup has open space for cup placement; keeping it clean and minimal makes it easy to stay organized while showing off your beautiful setup.”
Compact is key
A minimalist setup not only saves space but also keeps your area looking tidy and visually open.
“When space is at a premium, I like to opt for compact brewers that don’t require much counter space,” suggests Jon Clark from the Nomad Coffee Club, a premium coffee bean subscription service.
“Even space-challenged coffee lovers can set up a coffee bar,” agrees Diane Kuyoomjian at Bruvi, one of the freshest and most versatile pod coffee brewers on the scene. “Whether you use a kitchen counter or a free standing cart, a versatile single-serve brewer that makes both coffee and espresso will provide all the barista vibes in a small footprint.”
Maximize a small space
In small spaces, every inch counts, so keep your coffee bar clutter-free by sticking to the essentials and storing extras out of sight. “Maximize vertical storage with stackable storage canisters for beans and accessories, while a small tray beneath your equipment protects surfaces and keeps everything tidy,” says Robert Gomez from Kaffe Products, a company where you can find all the essentials for coffee at home.
Even the smallest corner, windowsill, or unused wall can be transformed into a functional coffee station with the right organization. “A wall-mounted shelf or a pegboard and stackable storage containers can add an aesthetic backdrop for your coffee bar while also providing storage for beans, reusable filters and coffee scoops,” recommends the team at Nomad Coffee Club.
2. Choose home brewing equipment for your coffee bar at home
After you figure out your space, the next step to creating your coffee bar at home is in choosing the right equipment to get the job done. The type of coffee brewer you should choose for your home coffee setup largely depends on what kind of coffee you like to drink, the amount of space you have, and of course, personal preference.
“It may sound simple, but there’s no point in spending hundreds of dollars on a shiny espresso machine if it just collects dust once the novelty wears off,” shares Toby of Coffee With Conscience. “Good coffee is about the taste as much as the art of creation.”
“As a passionate home brewer, it’s easy to get caught up in buying every new device,” confides Syeh Naveed, the face behind the blog The Need for Coffee. “While fancy equipment can be tempting, if your brewing space isn’t clean and organized, it detracts from the experience. And worst of all, having too many brewers can lead to decision fatigue.”
Naveed suggests simplifying your home coffee setup by sticking to one or two devices, helping to keep things simple while still maintaining your options. Your home coffee bar might have multiple coffee contraptions, but make sure they are each serving a distinct purpose, focusing on the following brewing methods.
Pour-over
Pour-over coffee is a hands-on brewing method that gives you more control over how your coffee turns out, letting you really bring out the unique flavors of the beans. You simply pour hot water slowly and evenly over ground coffee in a filter, which results in a clean, smooth cup with lots of depth. Since you can tweak things like the water temperature, grind size, and how you pour, it’s perfect for anyone who loves experimenting to create their ideal brew. Plus, it’s simple and has a nice, relaxing ritual to it, which makes it a go-to for many coffee lovers.
“You don’t need a ton of fancy gear to brew amazing coffee at home – just stick to what makes you happy,” suggests Alejo Galindo, one half of the duo at friendly coffee resource The Coffee Nerds. “A glass flask style brewer is a solid choice for manual pour-overs and easy to store when not in use. Just make sure to have a decent grinder and a water kettle for best results.”
Handheld presses, plungers, and stovetop espresso
Handheld tools, like portable espresso makers, manual presses, or stovetop brewers, are a great option for coffee lovers who want to enjoy stronger coffee on the go, in small spaces, or on a budget. These compact devices use manual pressure to brew rich, concentrated coffee without needing a bulky machine. While they require a bit more effort compared to automatic machines, they offer tasty results and the flexibility to brew anywhere, whether you’re at home, traveling, or camping.
“If you love espresso and are short on space, a manual coffee press will take your love for coffee out of this world. Easy to use and easy to clean this brewer provides a fantastic concentrated coffee with a unique design and consistent results,” shares Matt Milletto, owner of classic Portland, OR roaster, Water Avenue Coffee.
“Handheld espresso makers are perfect for espresso-based drinks without taking up any counter space,” Galindo agrees.
Another recommendation comes from the experts at Pawling Coffee Roasters in Pawling, NY. “A plunger-style coffee device is ideal because it brews high-quality coffee without taking up much space. Once you gauge how much coffee you use per batch, you can eyeball it going forward. As long as your setup is organized, it looks great and lets you focus on what really matters: the delicious taste and aroma of freshly brewed coffee.”
Jim D’Andrea from Maker’s Coffee Company adds, “Brewers like these fit any kitchen and produce amazing results. An electric kettle adds a simple way of heating water to ideal brewing temperatures which makes a huge difference in taste.”
Automatic machines
Home coffee machines are a great investment for coffee lovers who want to enjoy cafe-quality brews right from their kitchen. These machines come in various types, ranging from manual and semi-automatic to fully automatic and super-automatic models, each offering different levels of control over the brewing process.
“When creating your home coffee station, there are many options,” agrees Home Coffee Tips author Ben Farrer, a trusted source for many types of brewing equipment. “For something modern, easy to use and space-saving, I would recommend a pod machine for convenient espresso. If you want to take it to the next level, I advise a home espresso machine and an electric burr grinder.” To complement your espresso-making setup, Ferrer adds, “You can buy plenty of coffee brewing accessories to match your kitchen aesthetic, like wooden tampers and coffee mats.”
Drip coffee makers are another automated classic that give you an easy and consistent brew every morning. “My favorite drip coffee maker is my go-to for the best drip coffee every morning,” says Milletto from Water Avenue Coffee. “It’s compact, precise, and delivers 8 perfectly brewed cups, bringing the local coffee shop into your kitchen.”
“Treat yourself to a good espresso machine, steam pitcher, tamping mat, and knock box to elevate your coffee space,” adds Carol from decaf coffee provider based in Springdale, AR, Talking Crow Coffee Roasters.
“Finish off your coffee brewing setup with a scale,” Carol continues. A scale can be used for multiple different brewing methods to help find consistency by measuring the amount of coffee and water used in your brewing process, ensuring a more predictable cup every time.
As the professionals at Seattle-based Langskip Coffee suggest, experimenting with different brewing methods to find your ideal cup of coffee is one of the key steps to creating the perfect coffee bar at home.
3. Invest in a burr grinder
If you’re looking for the quickest way to elevate your home coffee experience, burr grinders are essential if you value consistency and control over the grind size of your coffee beans. Mindful consumption blogger Laura Yoder at Black Coffee Beautiful nods her head to the importance of a grinder, sharing, “A grinder gives renters an opportunity for high-end flavors, even if space is limited and the budget is tight.”
Unlike blade grinders, burr grinders use two abrasive surfaces (burrs) to crush coffee beans evenly, resulting in a more uniform grind that enhances the flavor and quality of the brew. “The biggest difference between average and great coffee is the quality of the grind, and a burr grinder delivers consistent results,” confirms Berry of Ember Coffee Co.
“Don’t skimp on your grinder while you splurge on your brewer – flip that around,” seconds Matt Boshart, owner and head roaster of Reboot Roasting located in Omaha, NE. “A high-quality burr grinder should be the focus of your home setup.”
4. Use good quality coffee beans
Whether you’re using a simple drip machine or an elaborate espresso setup, starting with quality coffee beans ensures that your brewing efforts result in the best possible taste, making every cup more tasty. “You don’t need a complicated setup for delicious coffee at home,” confides owner of Florida-based Coast to Coast Coffee, Matthew. “The two most effective tips to achieve coffee nirvana are to first, get your hands on freshly roasted beans. Second, grind them right before brewing.”
Keep your beans fresh
The freshness of the beans you’re using is important—treat coffee like an item with an expiration date, and don’t grind the beans until right before brewing for more flavor. To keep your beans staying fresh, Michelle Kaliher from the spooky themed roaster Sinister Coffee and Creamery in Portland, OR recommends storing your beans in an airtight container, away from light and heat. “Whether you prefer the bold richness of plunger coffee or the clean, smooth taste of a pour-over, this keeps the beans fresh and full of flavor,” Kaliher advises.
Try a coffee bean subscription
Coffee bean subscriptions are another way to ensure a steady supply of fresh, high-quality coffee delivered right to your door. Francesca from the Lux Cafe Club, a service that provides customers with high quality coffees, reminds that the key to a great home coffee experience is freshly roasted beans. A subscription service allows for delivery of premium coffee at intervals that suit your coffee habits, with a range of options allowing you to select your preferred roast level, grind size (or whole beans), and even specific flavor profiles.
Sample different flavor profiles
If you’re looking for a fan favorite, “Try a medium roast, which offers a bright and balanced flavor that everyone can enjoy,” says Claudia at Haymaker Coffee. By using high quality coffee beans in your daily coffee ritual, you can tailor your coffee experience to your taste preferences. Whether you enjoy light, fruity notes or deep, rich flavors, investing in quality coffee beans is essential for unlocking the full potential of your home coffee bar.
5. Keep your at-home coffee bar organized
As you develop your coffee bar at home, staying organized is crucial for both efficiency and aesthetics, ensuring that your space is easy to use and visually appealing. “If you want to create the perfect home coffee space, the best one is the one you’ll use,” advises Toby of Coffee with Conscience.
“Focus on keeping things simple with quality brewing equipment and smart storage solutions for your beans,” says Katie, author of motherhood and coffee blog KT Likes Coffee. “A clutter-free setup makes your morning coffee ritual smoother and more enjoyable.”
Tips and tools for an organized coffee bar
“Home coffee setups can take up quite a bit of counter space, especially if you dive deeper into the hobby,” confides Andrew Richter, founder and head roaster at New York-based Gotham Coffee Roasters. “My most recent coffee bar additions have been a mountable power strip to free up outlet clutter, and a dedicated paint brush to clean my messy grinder. Keeping a work area neat helps free up space whether you’re at home or in a professional shop.”
“Use space-saving organizers like hooks to hang your cups and dosing vials for your favorite specialty coffees,” adds Ember Coffee Co’s owner. “Efficiency is everything—plus, storing your beans in neat little vials helps you keep the space tidy and stylish.”
The professionals at Haymaker Coffee suggest keeping organized by using clear containers for your coffee and tools, making everything you need for making coffee at home easy to find. Clear, labeled jars not only help you quickly find what you need but also add a clean, decorative touch to your coffee bar.
By maintaining an organized home coffee station, you create a space that’s both functional and beautiful, making your coffee routine smoother and more enjoyable.
6. Let your coffee station be an expression of your style
As you develop your coffee bar at home, personal touches are what make a coffee station feel like it belongs in your space. Styling your coffee corner is an opportunity to have fun and express your creativity while making your coffee routine more enjoyable. “A plant or two, a jar of cinnamon sticks, and a cozy mug make the space feel warm and inviting,” affirms Lauren Dryer from the Scandi-inspired Langskip Coffee.
However, there are many ways to help your home coffee bar feel more personalized.
Display unique mugs and drinkware
“The perfect home coffee station combines style and functionality, creating a cozy corner to elevate your daily ritual,” emphasizes Eleni, the potter behind Pottery by Eleni. “Start by adding a special touch with a handmade mug, offering both beauty and comfort with each sip. Complete the look with a cream and sugar set, a charming countertop accent that keeps essentials within easy reach while adding an artisanal flair to your space.”
Double-walled glass mugs also offer a stylish touch to your space while keeping your coffee at the perfect drinking temperature, and come recommended from the experts at Kaffe Products.
“Set out a coordinated set of mugs for a cohesive look,” agrees Diane from the pod machine company Bruvi. “Showcase your style with sugar and spoons in attractive containers like neutral ceramics or baskets on a small tray.”
Use decorative organization
“Our mantra is to minimize clutter but maximize style,” continues the coffee experts at Bruvi. “Clear glass or acrylic canisters don’t take up visual space but are a great way to display coffee pods.”
For easy clean-up and mess-free brewing, Nomad Coffee Club recommends adding a stylish coffee tray to minimize messy grinds or coffee stains on your countertops.
“Use a small, dedicated corner with floating shelves for easy access to mugs and coffee beans,” adds Gunnar Monson, the face behind Sasquatch Coffee in Oregon. “Keep your home coffee bar organized with labeled jars for beans and tools, making your morning brew as seamless as it is enjoyable.”
Add art and other personal touches
“Don’t be afraid to showcase your personality through quirky signs, vintage finds, or color schemes that speak to you,” advises Stephanie LeBlanc, author of the home styling blog Celebrated Nest. “Remember, your coffee bar should reflect your taste while still being practical – it’s all about making your daily brew feel special.”
“I love tying in personal touches,” agrees Maggie, the creator behind Coffee With Maggie and the early bird newsletter. “My coffee corner has a few plants, and features a custom painting my best friend, By Annie B., did of the cups from all my favorite coffee shops which ties the whole space together.”
Customize your space with renter-friendly style options
When creating a rental-friendly home coffee bar, it’s important to focus on styling options that won’t require permanent changes or damage to the space. “For personalization, go for renter-friendly options like peel-and-stick wallpaper or removable hooks to hang mugs or decor without damaging walls,” recommends hosting expert Gina Dickson of Intentional Hospitality.
You can also focus on the aesthetics of your brewing equipment to bring more style to your at-home coffee bar with practically no effort. “Your morning coffee sets the tone for the rest of your day, so regardless of your favorite brew method be sure to choose one or two products that are unique, expressive of your personality, and elevate your daily routine,” says Aby Henry, the owner of Portland’s Bridgetown Sparrow Ceramics. Artfully crafted, matching pour over and mug sets are one of Henry’s favorite ways to add flair to any home coffee bar.
Finish off your renter-friendly coffee space with colorful trays, baskets, or countertop organizers for an easy and aesthetic corner of your home.
Change up your home coffee bar to match the seasons
If you love to change things up in your home for each season, your home coffee bar is the perfect place to start celebrating. “Provide a functional and pretty space for your guests to enjoy a cup of coffee, starting with styling the space with seasonal decor items,” says country living blogger Lynn Langford with At Home in the Wildwood. “Risers and tier trays are perfect for decorating the area for the holidays or seasons. I also like to keep tea and hot cocoa supplies in the same area for those who might not be coffee lovers, but want a hot beverage.”
“Refreshing your coffee bar for each season is my favorite way to infuse personal style into our vintage farmhouse kitchen,” adds the author of Celebrated Nest. “I love expressing my style by swapping out mugs on a tiered tray or hanging seasonal wreaths – easily adaptable ideas for any space. The key is to keep your essentials in place and decorate around them with easily changeable pieces, allowing you to transform your coffee station from summer refresh to fall cozy without any permanent changes.”
Choose a color theme
Using color in your home coffee station is a fun way to add personality and vibrancy to the space while enhancing its overall aesthetic. Incorporate pops of color throughout for a more balanced look, or use color to highlight your coffee bar as a focal point in your home.
“I get the most compliments on our very pink to-go cup station. It includes matching cup sleeves adorned with our family monogram that I’ve designed and hand stamped, plus pink straws and hot coffee lids to match my iced/hot latte mood accordingly for the full custom cafe moment,” reveals lifestyle and home blogger Elle Wagner. “Our guests always get a huge kick out of how extra it is,” she laughs.
The key to personalizing your home coffee bar is to balance style and practicality, ensuring that your decorative elements don’t overwhelm the space but instead contribute to creating an organized, beautiful area that enhances your coffee-making experience.
7. Focus on technique for perfect coffee at home
The final step in elevating your at-home coffee bar is to make sure the coffee you’re making tastes great. If you’re getting the perfect flavor every time, you’ll be more inspired to use your home coffee station regularly.
Women-lead roasters Coroco Coffee Roaster Collective, based in Sycamore, IL, and Tostado Coffee Roasters in Portland, OR are powerful workhouses in the coffee space, and were happy to share the secrets to making coffee at home that mimic the professional cafe experience.
Use filtered or distilled water
Water plays a crucial role in brewing coffee at home, as it makes up about 98% of your final cup and acts as the primary solvent to extract flavors from the coffee grounds. The quality of the water you use directly affects the taste and balance of your coffee.
“Use filtered water and keep your equipment clean to ensure each cup tastes fresh,” emphasizes Adriana Lopez, the woman behind Tostado Coffee Roasters. Filtered water can remove impurities like chlorine, which can give your coffee an off-flavor.
“Consider using distilled water combined with a mineral enhancer to create the ideal mineral profile for brewing,” shares Karen Weckerly, roaster and owner of Coroco. Too-soft or distilled water can result in a flat or dull taste, but certain minerals in water are needed to bring out the coffee’s full flavor profile.
Get your water temperature right
The temperature of your water also matters, with ideal brewing temperatures for any manual coffee being just off boiling, around 202°F, continues Weckerly. Water that’s too hot (above 205°F) can over-extract the coffee, leading to a bitter taste, while water that’s too cool (below 195°F) might under-extract, resulting in weak or sour flavors.
Use one part coffee to a higher amount of water
“Experiment with water-to-coffee ratios and brewing methods to find your ideal strength,” recommends Lopez.
“The golden ratio for coffee is 1:15 to 1:18 which means one part coffee to 15-18 parts water,” explains Weckerly. “This is perfect for a lot of brewing methods, including pour-overs, drip, and plungers.”
You can use a scale at first to get the hang of what this looks like, then as you get more comfortable, eyeball the amount of coffee and water you use each day for a truly seamless (and delicious) home coffee experience.
Pay attention to your grind size
Grind size is one of the most important factors in making great coffee at home, as it directly influences the overall flavor of your brew. The size of your coffee grounds determines how quickly water passes through them and extracts the flavors.
“A good double shot requires 17-20 grams of very finely ground coffee – think flour like consistency,” advises Weckerly.
A medium grind, with a texture resembling sand, works well for drip coffee makers and pour-over methods, balancing extraction time and flavor. For brewing methods like French press or cold brew, a coarse grind is ideal, as the slower brewing process requires larger grounds to prevent over-extraction and bitterness.
Lopez encourages home coffee enthusiasts to experiment with grind size and brewing methods to highlight the unique flavors of your favorite beans, giving you the best experience in your new home coffee bar.
Go forth and create your perfect coffee bar at home
“For some, at-home coffee bars are a simple budgeting hack—but for me, it’s truly a daily luxury that I miss when I’m traveling,” admits lifestyle and home blogger Elle Wagner. “The key to an iconic coffee bar is how custom you’re willing to make yours. Investing in the right coffee makers, stocking and importing my favorite beans, pods, syrups, and milks, and even matching everything to my favorite color just for fun has made all the difference to using my setup on the daily.”
As you start creating your own coffee bar at home, remember that it’s all about making the space your own. Whether you invest in high-end equipment or start with the essentials, make sure you craft a setup that enhances both your coffee experience and your living space. With a bit of inspiration and planning, your at-home coffee bar can become the perfect spot to fuel your day and indulge in your love for coffee.
Capital One will buy Discover Financial Services, WSJ reports. The bank will keep the Discover brand. The massive merger will combine two of the largest credit card issuers in the US.
Capital One uses Visa and Mastercard for most of its cards. They plans to switch some of their cards to the Discover network, and continue using Visa and Mastercard for others.
Now, what’s on my mind: will Discover start doing 3-pulls for credit card applications? 🙂 In all likelihood, it will be many years until there are any changes to how either bank operates. It remains to be seen if this will affect credit card or bank signup bonuses in the longer term.
When people think of Bakersfield, they often picture its agricultural roots and vast landscapes, but the true essence of living in Bakersfield extends beyond its farming heritage. The suburbs of Bakersfield are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s growing amenities. These Bakersfield suburbs are spread across different parts of the region, each with its own unique character and appeal.
In this ApartmentGuide article, we’ll explore some of the most notable Bakersfield suburbs—from the scenic neighborhoods to the friendly communities—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Bakersfield or curious about the different Bakersfield neighborhoods, let’s discover the best parts of Bakersfield to call home.
Cost of living in Bakersfield
Before we dive into the top Bakersfield suburbs, let’s cover how much it costs to live in Bakersfield. The overall cost of living in Bakersfield is about 12% higher than the national average, making it a moderately affordable place to live compared to other parts of California. Housing is a key factor, with the median sale price for a home in Bakersfield at $415,000, which is slightly lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Bakersfield at $1,487, also more affordable than the national average of $1,514.
While some suburbs around Bakersfield offer even more affordable options, others can be slightly more expensive, depending on amenities and proximity to the city. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities based on your budget and preferences.
1. Rosedale
Known for: Friendly atmosphere, suburban amenities, and growing community
Rosedale, located in northwest Bakersfield, is a fast-growing suburb known for its community-oriented vibe and abundant suburban amenities. The area offers various housing options, from modern subdivisions to larger single-family homes with spacious yards. With its growing number of shopping centers, schools, and recreational facilities, Rosedale attracts those looking for a peaceful suburban lifestyle. The nearby Riverlakes Ranch Golf Course adds to the area’s appeal for outdoor enthusiasts, while its convenient access to major highways makes commuting to Bakersfield’s downtown area easy.
Population: 20,000 Median home sale price: $730,000 Rosedale transportation scores: Walk Score 60, Bike Score 43
Apartments for rent in Rosedale, CA | Houses for rent in Rosedale, CA | Homes for sale in Rosedale, CA
2. Seven Oaks
Known for: Upscale living, golf courses, and gated communities
Seven Oaks is an upscale neighborhood in southwest Bakersfield, known for its luxury homes, golf courses, and exclusive gated communities. The Seven Oaks Country Club is a highlight, offering residents access to a championship golf course, tennis courts, and upscale dining. The area boasts beautifully manicured landscapes and quiet streets, making it a sought-after location for those seeking suburban luxury. Residents can enjoy nearby parks, shopping centers, and quality schools, contributing to Seven Oaks’ status as one of the most desirable neighborhoods in Bakersfield.
Population: 10,000 Seven Oaks transportation scores: Walk Score 24, Bike Score 38, Transit Score 18
Apartments for rent in Seven Oaks, CA | Houses for rent in Seven Oaks, CA | Homes for sale in Seven Oaks, CA
3. Oleander/Sunset
Known for: Historic charm, eclectic vibe, and walkable streets
Oleander/Sunset, located just south of downtown Bakersfield, is a historic neighborhood known for its charming older homes and tree-lined streets. The area has an eclectic, artistic vibe, with residents enjoying its proximity to downtown, local parks, and a variety of shops and cafes. The community’s small-town feel, mixed with its urban convenience, makes Oleander/Sunset a unique option for those looking to live near the heart of the city while maintaining a quieter, suburban lifestyle.
Population: 15,000 Median home sale price: $270,000 Oleander/Sunset transportation scores: Walk Score 70, Bike Score 57, Transit Score 36
Apartments for rent in Oleander/Sunset, CA | Houses for rent in Oleander/Sunset, CA | Homes for sale in Oleander/Sunset, CA
4. Tevis Ranch
Known for: Community parks, schools, and friendly vibe
Tevis Ranch is a peaceful residential neighborhood in southwest Bakersfield, popular for its community parks, top-rated schools, and friendly environment. The area features well-kept homes and beautifully landscaped streets, with amenities like the Tevis Park offering plenty of recreational opportunities. Tevis Ranch has easy access to nearby shopping centers, making it a convenient and desirable location for all individuals.
Population: 12,000 Median home sale price: $432,500 Tevis Ranch transportation scores: Walk Score 20, Bike Score 38
Apartments for rent in Tevis Ranch, CA | Houses for rent in Tevis Ranch, CA | Homes for sale in Tevis Ranch, CA
5. Stockdale Estates
Known for: Established community, larger homes, and proximity to amenities
Stockdale Estates is an established neighborhood located in west Bakersfield, known for its spacious homes, mature landscaping, and convenient access to local amenities. The neighborhood is home to Stockdale Country Club, a popular spot for golf enthusiasts. Residents enjoy being close to restaurants, shopping, and schools, while the quiet, suburban environment makes it a great place for those looking for more space and tranquility.
Population: 9,000 Average rent for a one-bedroom apartment: $1,800 Median home sale price: $589,000 Stockdale Estates transportation scores: Walk Score 12, Bike Score 40
Apartments for rent in Stockdale Estates, CA | Houses for rent in Stockdale Estates, CA | Homes for sale in Stockdale Estates, CA
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Bakersfield area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.
Vice President Kamala Harris is pledging to increase the housing supply and make it more affordable, especially for first-time home buyers.
She’s preaching to the choir of voters who rank housing affordability as a top-three issue in the election — about 25%, according to the results of a survey by Ipsos and Redfin, released on Oct. 15. Unsurprisingly, more renters (31.6%) rank housing affordability as a priority issue compared to already existing homeowners (17.1%).
The current housing affordability crisis is the result of the construction industry’s sluggish return to form following the 2007-2008 housing collapse and the basic laws of supply and demand. As is, there isn’t enough housing available for the number of buyers: The housing deficit grew to 4.5 million in 2022 up from 4.3 million in 2021, according to Zillow, a real estate website.
Housing shortages push up prices and keep them high. When a lack of available housing is combined with years of persistently elevated mortgage rates, it becomes even harder for would-be first-time homebuyers to break into the market.
Then, as fewer people trade renting for home ownership, it puts pressure on the rental market, keeping those prices high, too. As a result, shelter, which includes both home buying and renting, has remained the greatest factor in core inflation growth for years.
The only way to effectively combat a lack of affordable homes is by building more housing. Harris’ housing plans are ambitious — and possibly unrealistic, experts say.
Build new housing
Harris has outlined policies aimed at creating 3 million new housing units over the next four years — a 50% increase over the current rate of home building, according to the nonprofit Urban Institute.
In an Aug. 21 Washington Post editorial, Mark Zandi, chief economist of Moody’s Analytics, and Jim Parrott, a housing expert at the Urban Institute, called her plans “the most aggressive supply-side push since the national investment in housing that followed World War II.”
To achieve her end goal, Harris wants to provide several tax incentives to kickstart construction:
A new Neighborhood Homes Tax Credit to construct or rehabilitate 400,000 homes in lower income communities. The homes must be owner-occupied. The incentive would operate similarly to the Low Income Housing Tax Credit (LIHTC) in that states would receive an allocation of credits for specific projects based on local need.
A tax cut for builders that construct affordable starter homes.
A $40 billion innovation fund to incentivize state and local governments, as well as private developers and homebuilders, to find new strategies to expand the housing supply, primarily through regulatory reform and cutting red tape.
Open up certain federal lands for new housing developments. Her campaign has not specified which federal lands.
An analysis of Harris’ proposal by the Urban Institute says Harris’ plans to increase new housing are not out of line with historic standards. But 50% growth is still a daunting task, and would rely on a number of factors outside a president’s direct control. “What she’s proposed will probably only go sort of halfway or part of the way in achieving that, because achieving a 50% increase in housing production is gigantic,” says Yonah Freemark, a principal research associate in the Metropolitan Housing and Communities Policy Center at the Urban Institute and the research director of the Land Use Lab at Urban.
Other observers see the 50% target as unrealistic. “For anyone who has any knowledge of commercial real estate and the housing industry, that seems like an unachievable number,” says Brian Connolly, assistant professor of business law at the University of Michigan. “But good for her for trying to get there.”
“What she’s proposed will probably only go sort of halfway or part of the way in achieving that, because achieving a 50% increase in housing production is gigantic.”
Yonah Freemark, research associate, Urban Institute
However, her proposals could help spur more construction even if they don’t reach the target, says Connolly. He adds that if the government supports homebuilding through new tax incentives that make it more profitable to build new housing and attract skilled labor, then it could make a meaningful impact on the housing supply.
Harris would need Congress to enact much of what she pledges to do. Of the innovation fund, for example, Connolly says, “She couldn’t just sort of pluck $40 billion out of thin air to deliver to the local government; that would be something that would presumably require congressional authorization.”
What there is bipartisan appetite in Congress for, says Freemark, is reducing regulatory restraints on construction. He says there may also be support for expanding the Low Income Housing Tax Credit, which goes toward acquiring, rehabilitating or constructing rental housing for lower-income households. The Democratic National Committee includes expanding LIHTC in its platform.
Make home buying more affordable
A cornerstone of Harris’ housing plans aims to make home ownership — the most traditional vehicle for wealth-building in America — more accessible to first-time buyers. She pledges to provide up to $25,000 in down payment assistance for first-time home buyers and an unspecified, greater amount of assistance for first-generation homebuyers.
Starter-home buyers could use the help since those homes are much more expensive than they were before the pandemic — 51.1% higher than August 2019, according to a Redfin report released on Sept. 30. But there is one recent positive sign for buyers: Starter homes are less expensive now than a year ago for the first time since August 2020. Homebuyers currently need to earn $76,995 annually to afford a home at the median price of $250,000.
There are already places in the U.S. that provide down payment assistance, so Harris’ proposal isn’t new per se, but its size and scope is, says Freemark. “I think that it has the potential to be quite impactful in terms of expanding access to home-purchasing for a large segment of the population that currently, simply, doesn’t have the ability to assemble enough funds,” he adds.
But when it comes to how assistance is delivered, the devil is in the details. “It will take a lot of thought and, potentially, some experimentation on the part of agencies and others that would be implementing this strategy,” Freemark adds. “Also, this is a potentially very expensive program, so I’m not sure I’ve heard broad enough support in Congress.”
It’s much easier to increase demand than it is to increase supply, says Ed Pinto, a senior fellow and co-director of the AEI Housing Center at the American Enterprise Institute, a conservative think tank, and Harris’ down payment assistance plan would serve to add buyers to what is now a strong seller’s market. “Unless that were to change, any efforts along the lines of demand increases would lead to substantial increases in prices,” says Pinto.
Connolly agrees. “If we’re not building those housing units and we’re providing people with $25,000 in credits to go out and buy within a stock of housing that is not sufficient, that’s going to result in bidding up housing prices,” he says.
Still, providing credits to first-time homebuyers could be something that both sides of the aisle support, says Connolly. “I tend to be a little more of an optimist about the bipartisan nature of this problem,” he says.
Make rent more affordable
About two-thirds of all homes are owned by the people who live in them, according to the U.S. Census Bureau. The other third are occupied by renters and Harris has plans to make their lives less expensive, too. The natural outcome to her plan to make home ownership more accessible would be freed-up rental housing. But she also wants to target corporate landlords in two ways:
End rental price-fixing practices by landlords of large multi-family units that raise rents based on algorithms. She is calling on Congress to pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act.
Remove tax benefits for large corporate landlords that own single-family rental homes. She is calling on Congress to pass the Stop Predatory Investing Act.
Freemark says that generally, there hasn’t been much support from Republicans in Congress to fund housing affordability policies for renters. If Democrats gained control in both houses, then there is some potential to expand funding for those purposes, he says.
But there has been some bipartisan interest in stopping large private investors from purchasing a large share of homes in communities throughout the country, says Freemark. “Getting that policy right is not obvious,” he says. “Just because you don’t like private investors doesn’t mean they’re not playing an important role in the overall housing market. And, you know, you’re playing with a very large industry when you start talking about sort of critiquing the ownership of large corporations. So I don’t know. I’m a little skeptical”
Meanwhile, Connolly isn’t so sure that focusing on price-fixing will be impactful in alleviating high rent prices. “I’m a bit skeptical that, you know, going after representing algorithms is really going to result in decreases in rent or slowed appreciation of rent,” he says. “But to the extent that there’s any impact on the rental market at the margins, that might be possible.”
Cut red tape
Experts agree that reducing regulatory burdens to building new housing is necessary and has bipartisan support. Both candidates have, at least, nodded to that need — Republicans in their party platform and Harris with her $40 billion innovation fund.
“Republicans tend to be more pro-business; they tend to provide tax breaks to businesses,” says Connolly. “And Democrats want to see more housing supply and housing affordability. So that looks like a good way to kind of, you know, marry those two sides of the aisle.”
Still, authority over housing regulations is concentrated at the local level, so there may be limits to what Congress can achieve on the issue.
Open up federal lands for housing
In the past former President Donald Trump has floated a vision of 10 “freedom cities” on undeveloped federal lands (his utopian vision for these cities also includes flying cars). Harris has also said she supports opening up federal lands to build housing, but hasn’t provided details.
The Federal Government is the largest landholder in the country (the Bureau of Land Management, or BLM, manages one in every 10 acres in the U.S.) so there’s an inventory of possible land available for development. But there’s a key difficulty with the proposal, says Freemark: “A lot of federal land is not land you would want to build housing on.”
Connolly agrees: “When you look at the map of U.S. federal lands, a lot of them are in very lightly populated areas across the western U.S. where there’s not going to be any demand for housing. There may be federal properties that are underutilized in larger cities that would be appropriate places to build housing … but at this point, I think that proposal, you know, from both sides of the aisle is really unclear in terms of its scope and where that would occur.”
The majority of government-owned land is in the West, and there is precedent for opening it to home building. In July, the Bureau of Land Management announced actions that it said would create thousands of affordable housing units on federal land in Nevada.
Pinto is optimistic about the possibilities. “In areas where there’s plenty of land, you could build an entirely new city,” he says. “Let’s take Utah … the federal government owns [the majority] of land in Utah. Half of that land we’ll call ‘Smokey the Bear’ — national parks, national forests, national monuments, things like that. The other half is just owned by the Bureau of Land Management.”
Trump’s deportation plans could stymie construction
Housing hasn’t been the focus of Trump’s campaign, but the cornerstone promise of his campaign — deportation of millions of undocumented immigrants — could have a direct impact on the housing market.
Trump has claimed that his deportation plans would free up housing, but experts say it would actually worsen the housing crisis since the construction workforce is largely reliant on immigrant labor.
Immigration has not been at the root of the U.S. housing crisis, says Connolly. “To the extent that you have migrants who are, generally speaking, low income or very low income people entering into the market … they’re facing much more dire circumstances than people who are trying to buy their first home or something like that,” he says.
But what Trump’s deportation plans could do is exacerbate a shortage of construction workers.
“I would suspect it is causing some concern for home builders and people in the building industry, because immigrant labor has long been a source of labor for the building industry and not just immigrants from Central and South America, but going back across really our entire history,” says Connolly. “Think of Italian bricklayers, Irish laborers in the 1800s and early 1900s. We have always relied on immigrant labor for work in our building industry. And yeah, the idea that we’re going to go deport a bunch of immigrants, you know, particularly in a time period when we need to be building housing is particularly bad policy.”
Freemark says, “Trump deporting millions of people would be horribly destructive for the housing market. It would make it very difficult to build homes throughout much of the country and it would increase the cost of homes.”
NerdWallet’s 2024 election deep dives
What would the Trump economy look like? Find out where former President Donald Trump stands on economic issues like battling inflation, medical debt, jobs, health care, housing, child care, small businesses and more.
How Trump and Harris aim to address your health care When it comes to health care, the candidates have been light on the details. Harris has focused on things like lowering prescription drug prices; expanding Medicare care coverage; and restoring federal abortion rights. Trump says he supports IVF coverage, but wants to leave abortion to the states. He also said that he has only a “concept” of a plan to replace the Affordable Care Act.
Smart Money’s 2024 Presidential Election Series
Hosts Sean Pyles and Anna Helhoski discuss the grand economic promises made by presidential candidates and the intricate realities of presidential influence on the economy to help you understand the real effects on your daily finances.
(Photo by Bruce Bennett/Getty Images News via Getty Images)
A newly converted five-story building in Manhattan’s hip Tribeca neighborhood is nearing completion, and it’s now launching its first unit on the market.
The boutique condominium at 85 Worth St., aptly dubbed “85 Worth”, consists of only five units — four loft residences and a penthouse — with interiors expertly curated by celebrated New York-based designer Paris Forino.
And it pairs its historic, 19th-century Italianate façade with some upscale finishes and smart home tech, including innovative lighting, keyless entry, and smart locks. It even comes with a private AI assistant called JOSH that can assist with tasks like dimming the lights, closing the shades, or playing music.
Loft 3 at 85 Worth, a nearly 4,000-square-foot residence with three bedrooms and four baths is now up for grabs for $11.5 million, with the powerhouse Eklund | Gomes Team at Douglas Elliman holding the listing.
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History meets modernity at the newly converted boutique condo project
“This captivating new development, where history melds with modernity, is truly something special,” said John Gomes, cofounder of The Eklund | Gomes Team at Douglas Elliman.
“From Paris Forino’s elegant interiors and the cutting-edge tech built into each of the vaulting residences down to the subterranean residents-only club and storage spaces, 85 Worth will absolutely resonate with clients looking for a one-of-a-kind living experience in New York City.”
The building’s exterior retains its 19th-century Italianate façade
Located among the low-lying buildings and cobble-stoned streets in the sparsely populated Tribeca East Historic District, 85 Worth blends in with its surroundings, retaining its 19-century Italianate, white marble façade, and architectural details like molded window surrounds, band courses, balustrades, and bracketed cornices.
85 Worth consists of 4 luxury lofts and one penthouse
Yet the interiors of the 1920 building have been transformed to accommodate five upscale units, consisting of four luxury lofts and one penthouse, plus two subterranean levels where the amenities are housed.
Each of the three-bedroom, four-bathroom loft residences — including the newly listed one — spans nearly 4,000 square feet of floor-through space with ceilings up to 13 feet high and south-facing windows.
Upon completion, the penthouse will feature two spacious en-suite bedrooms that open onto one of two terraces with stunning city views and ample entertainment space.
The interiors bear the signature of lauded designer Paris Forino
In charge of updating the interiors for modern luxury living was Paris Forino, the Australian-born, New York-based designer who founded the celebrated Paris Forino Design, a full-service boutique design firm that’s no stranger to thoughtful conversions of historic buildings.
Who approached the design process by honoring the bones of the building
Paris shared that, “When approaching the design, my primary focus was on complementing the remarkable, original architectural details of the building with a striking yet natural palette. Ash wood is used extensively throughout the apartment. It is light, warm and serene. We paired this with very distinct and dramatic stone choices creating a modern and very sumptuous design.“
Smart features in the residences include a private AI assistant called JOSH
85 Worth is not all about its looks though. The condo conversion also brought a series of smart home features to the newly appointed units, including a KETRA lighting system, Sonos speakers in every room, keyless entry via LATCH, and a virtual doorman system called Butterfly.
But the coolest feature is the private AI assistant called JOSH, which can help with tasks around the home, like amplifying or dimming lights, opening or closing the shades, or playing personalized music selections.
Loft 3 has three bedrooms, three baths, and approx. 4,000 square feet of luxe interiors
The first unit to hit the market at 85 Worth is a nearly 4,000-square-foot loft with three bedrooms and four marble-clad bathrooms. The south-facing unit has tall, 11.4′ high ceilings and occupies an entire floor of the newly converted Tribeca building.
See also: With prices ranging from $560K to $1.75M, these Manhattan condos won’t last long
Two subterranean levels of amenities, which house the Club Worth
85 Worth also features two subterranean levels that give each home two sizeable storage rooms and house Club Worth — an exclusive club for future residents.
Upscale amenities at Club Worth include a state-of-the-art fitness center, sauna, steam room, meditation room, massage room, music listening room, children’s imagination room, teen gaming room, and more.
Enjoying the best of what Tribeca has to offer
“With its uncommon degree of privacy and seclusion, Tribeca has become one of the most coveted neighborhoods among A-list celebrities and high-net-worth individuals,” said Fredrik Eklund, co-founder of The Eklund | Gomes Team who’s spearheading the marketing initiatives for the building. “85 Worth will undoubtedly add to that allure.”
In addition to the nearby Hudson River Park and Piers 25 & 26, which offer public amenities such as sand court volleyball, skateboarding park, children’s playground, tennis and basketball courts, kayaking, and more, residents of 85 Worth will enjoy easy access to Tribeca’s many dining and shopping options.
Listed with a powerhouse team with MDLNY cachet
Spearheading marketing and sales efforts for the boutique condominium project is the Eklund | Gomes Team at Douglas Elliman. One of the largest independent residential real estate brokerages in the United States, the team is led by Million Dollar Listing New York Star Fredrik Eklund and John Gomes, one of the most highly respected luxury real estate brokers in the country.
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At Xactus, Stair is expected to focus on marketing strategies aimed at streamlining the mortgage process for lenders. “This is a pivotal moment for our organization,” said Xactus president Shelley Leonard. “Having a chief marketing officer who can seamlessly partner with our sales team and across all areas of the business is crucial for our … [Read more…]
Scholarships are free money to help cover the cost of going to college, and they don’t need to be paid back like student loans. There are many scholarships and other forms of financial assistance that can help students with disabilities pay for college.
Below, we’ve outlined a list of disability scholarships, including their eligibility requirements and tips for applying.
What Is a Disability Scholarship?
A disability scholarship is a form of financial aid that’s intended specifically for students with a disability. Scholarships for students with disabilities may be used to cover the cost of support services in addition to tuition and room and board.
Scholarships and grants for college are a type of financial aid that you don’t need to pay back, making them a helpful resource to pay for college and school-related expenses.
It’s important to review the eligibility requirements before applying for a scholarship or grant. Some scholarships may be open to all students with a documented disability, while others are reserved for applicants with certain types of physical, learning, or emotional disabilities.
Recommended: Grants, Scholarships, and Loans: Differences
American Association on Health and Disability Scholarship
One notable scholarship for students with disabilities is the Frederick J. Krause Scholarship, which is funded by the American Association on Health and Disability. It provides multiple awards of $1,000 to students with a disability who are pursuing an undergraduate or graduate degree in a field related to disability and health.
To be eligible to apply, students must have completed at least one full year of college or be enrolled in a graduate degree program.
10 Scholarships for Students With Disabilities
In addition to the scholarship mentioned above, there are many other scholarships for students with disabilities to continue their education.
Scholarships can come from a variety of sources, including charitable foundations, nonprofit organizations, and private companies. Awards can be based on financial need, academic merit, or both.
There may be additional eligibility requirements, such as location or field of study. For instance, scholarships may be open to all levels of higher education or specific to students enrolled in undergraduate, graduate, or vocational programs.
Below is a list of 10 scholarships that are available exclusively to students with disabilities.
1. Microsoft Disability Scholarship
Scholarship amount: $5,000
Application deadline: October 1
The Microsoft Disability Scholarship is awarded to up to 10 current high school seniors with disabilities who plan to enroll in an accredited two- or four-year college or vocational/technical school in the U.S. Applicants must demonstrate leadership experience and a passion for technology, as well as be planning to pursue a degree in engineering, computer science, computer information systems, law, business, or a related field.
Recommended: Is a Computer Science Degree Worth It?
2. Anne Ford Scholarship
Scholarship amount: $10,000 ($2,500/year over four years)
Application deadline: April 21
The Anne Ford Scholarship, by the National Center for Learning Disabilities, gives a $10,000 award to a graduating high school senior with a documented learning disability. To be eligible, students must be planning to enroll in a full-time bachelor’s degree program.
3. Allegra Ford Thomas Scholarship
Scholarship amount: $5,000 ($2,500/year over two years)
Application deadline: April 21
The Allegra Ford Thomas Scholarship, also offered by the National Center for Learning Disabilities, awards one scholarship to a graduating high school senior who will enroll in a two-year community college, a vocational or technical training program, or a specialized program for students with disabilities. To apply, students must have a documented learning disability.
4. John Lepping Memorial Scholarship
Scholarship amount: Up to $5,000
Application deadline: May 1
The John Lepping Memorial Scholarship provides awards to support disabled youth in New York, New Jersey, and Pennsylvania in attending college. Recipients must be able to provide proof of a physical or psychological disability with a letter of confirmation by a physician.
5. Musicians With Disabilities Scholarship
Scholarship amount: $1,500
Application deadline: March 15
Sigma Alpha Iota offers the Musicians With Disabilities Scholarship of $1,500 to a member of the international music fraternity with a qualifying disability. Applicants must be enrolled in an undergraduate or graduate degree program in music, or studying to become a teacher or therapist in this field.
6. American Council of the Blind’s Scholarship Program
Scholarship amount: Up to $7,500
Application deadline: February 14
The American Council of the Blind’s Scholarship Program provides educational scholarships between $2,000 and $7,500 for incoming freshman, undergraduate students, graduate students, and students attending technical college. To be eligible, applicants must be legally blind, maintain a 3.0 GPA or higher, and either study full-time or be a part-time student who works at least 32 hours per week.
7. Wells Fargo Stacey Milbern Scholarship
Scholarship amount: $1,250-$2,500
Application deadline: March 20
The Wells Fargo Stacey Milbern Scholarship provides 25 awards to help students with disabilities pursue education at a two- or four-year college on a full-time or part-time basis. Scholarships are renewable, and full-time students are eligible for a $2,500 annual award, while part-time students are eligible for a $1,250 annual award.
Recommended: Full-Time Student vs. Part-Time Student
8. Marion Huber Learning Through Listening Awards
Scholarship amount: $2,000-$6,000
Application deadline: December 31
The Marion Huber Learning Through Listening® Award grants multiple scholarships to high school seniors with a learning disability who are planning to study at a two- or four-year college or vocational school. Applicants must be an active Learn Ally member and graduating from a high school in the U.S. to be eligible.
9. Yellow Ribbon Scholarship
Scholarship amount: $5,000
Application deadline: April 1
The American Bus Association offers a Yellow Ribbon Scholarship to undergraduate, graduate, and training school students who have a declared major or course of study relevant to transportation, travel, or tourism. Students with a physical or sensory disability, veterans, and children of a wounded military veteran are eligible to apply. Applicants must also have a cumulative GPA of 3.0 or higher.
10. Simmons and Fletcher, P.C., Students With Disabilities Scholarship
Scholarship amount: $500-$1,000
Application deadline: December 1
The Simmons and Fletcher, P.C., Students With Disabilities Scholarship is awarded to two students with disabilities based on an essay competition, with the winner receiving a $1,000 award and second place receiving a $500 award. To apply, students must be completing their first semester of college and continuing their studies.
Bonus Scholarship: SoFi’s Scholarship Sweepstakes
For a chance to win SoFi’s monthly $2,500 Scholarship Sweepstakes, simply let us know your name, email address, and school.
How to Apply for Disability Scholarships
Application requirements vary by scholarship opportunity, so it’s recommended to plan ahead. Taking note of submission deadlines can help prioritize which scholarships to apply for and ensure you stay on track for preparing and submitting materials.
Often, students have to write a personal statement or submit an essay as part of the application. It’s important to pay attention to the instructions, including prompts, word limits, and other criteria used to select scholarship recipients.
Submitting school transcripts and a letter of recommendation are two other common requirements. Think about who can best attest to your strengths and achievements when selecting a reference.
Keep in mind that some scholarships require that recipients submit documentation of their disability to accept the award.
Recommended: 8 Tips for Asking a Professor for a Letter of Recommendation
Can I Apply for Scholarships for Disabled Students if I Have a Learning Disability?
Yes, if you have a learning disability, you can apply for scholarships for disabled students. Many scholarships are geared toward students with one or more disabilities, including physical and learning disabilities. For some scholarships, having a learning disability is an eligibility requirement.
The Takeaway
There are many scholarships that are specifically designated for students with disabilities. Scholarships and grants are a useful way for students with disabilities to pay for college and reduce student loan debt.
Many students use multiple funding sources, including federal student loans and private student loans, to help cover the cost of college.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
FAQ
What types of scholarships are available for students with disabilities?
There are many scholarships for students with disabilities, including those based on specific disabilities, academic achievements, or financial need. Some scholarships are offered by disability advocacy organizations, while others are provided by colleges, nonprofits, or government programs to support educational success and accessibility for disabled students.
How can students with disabilities find scholarships?
Students with disabilities can find scholarships by researching online databases, consulting with school counselors, or reaching out to disability advocacy organizations. Websites like Disability.gov or the National Center for Learning Disabilities also offer scholarship listings tailored to specific needs.
Do students with disabilities need to provide documentation when applying for scholarships?
Yes, most scholarships for students with disabilities require documentation of the disability. This might include a letter from a medical professional or educational accommodations documentation. Additionally, other materials like transcripts, essays, and recommendations may be required, depending on the scholarship’s criteria.
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From the rugged high desert to the dramatic peaks of its mountain ranges, New Mexico—known as the Land of Enchantment—has a landscape unlike any other. But is New Mexico a good place to live? To help you evaluate whether New Mexico could be your next home, here are the pros and cons of living in the state.
Is New Mexico a good place to live?
New Mexico’s largest cities, Albuquerque and Santa Fe, serve as cultural and economic hubs. Albuquerque is the state’s largest city and blends urban living and proximity to natural beauty, with the Sandia Mountains and the Rio Grande providing a stunning backdrop. Santa Fe, on the other hand, is known for its rich artistic community, historical architecture, and distinctive adobe-style homes. New Mexico’s economy is supported by industries like oil and gas, tourism, and government jobs, with the Los Alamos National Laboratory being a key employer in the state.
Beyond its cities, New Mexico is known for its diverse landscapes, which include deserts, forests, and mountains. However, like any state, it comes with its own set of challenges, from a dry climate and limited job opportunities.
New Mexico state overview
Population
2,117,522
Biggest cities in New Mexico
Albuquerque, Las Cruces, Rio Rancho
Average rent in Albuquerque
$1,275
Average rent in Las Cruces
$995
Average rent in Rio Rancho
$1,537
1. Pro: Stunning natural landscapes
New Mexico’s diverse and dramatic landscapes are one of its most significant pros of living there. From the White Sands National Park to the Carlsbad Caverns and the Gila Wilderness, the state boasts a wide range of outdoor experiences. Whether you enjoy hiking, skiing, or exploring national parks, the opportunities for outdoor adventure are endless.
Insider scoop: Consider exploring some lesser-known gems like the Bisti/De-Na-Zin Wilderness, an alien-like landscape of hoodoos and badlands perfect for photography and quiet hikes.
2. Con: Limited job opportunities
While New Mexico’s economy is growing, particularly in industries like tourism, energy, and government, job opportunities can be limited. Outside of Albuquerque and Santa Fe, the job market is more concentrated in fields like agriculture and government work. This can make it challenging for those seeking employment in tech, finance, or other sectors that are booming in nearby states like Colorado or Texas.
3. Pro: Affordable cost of living
Compared to other southwestern states like Colorado and Arizona, New Mexico offers more affordable rental options. In Albuquerque, the average rent for a one-bedroom apartment hovers around $1,275, making it an attractive choice for renters looking for lower costs without sacrificing urban amenities. In contrast, cities like Denver see one-bedroom rents soar past $2,000. Even Farmington, known for its access to outdoor activities and proximity to the Navajo Nation, remains relatively affordable compared to pricier markets.
4. Con: Rural isolation
New Mexico’s wide-open spaces can feel pretty isolating, especially if you’re in one of the more remote areas. While some people love the quiet, rural lifestyle, it’s not for everyone—especially if you prefer being close to city conveniences like shopping, dining, or entertainment. In smaller towns, access to things like healthcare or even just a good grocery store might mean a long drive to the nearest bigger city. Plus, if you’re new to the area, it can be tough to build a social circle when you’re far from the action and meeting new people takes more effort.
5. Pro: Various cultural influences
New Mexico is home to a handful of cultural influences that blend Native American, Hispanic, and Anglo ways of life. The state has 23 Native American tribes, including the Navajo Nation and 19 Pueblo communities, which contribute to its rich history and traditions. Events like the Albuquerque International Balloon Fiesta and Santa Fe’s Indian Market draw visitors from around the world and highlight the state’s diverse heritage.
6. Con: Dry climate and water shortages
While the sunny, dry climate of New Mexico is appealing to many, it also comes with challenges, particularly when it comes to water. The state has been dealing with drought conditions for years, leading to water shortages in both urban and rural areas. Residents must be mindful of water usage, especially in the summer months when restrictions are often put in place. The lack of humidity can also be tough on the skin and respiratory system, making it a con for those who are not used to desert living.
Insider scoop: Keep a good humidifier at home can help combat the dryness, especially in the winter when indoor heating further strips the air of moisture.
7. Pro: Year-round sunshine
With over 300 days of sunshine per year, New Mexico offers a pleasant climate for those who love the sun. The state’s high desert location means it enjoys a dry climate, with warm days and cool nights, even in the summer. While winters can bring snow to the northern regions and mountains, most areas remain sunny and mild throughout the year. This abundance of sunshine makes outdoor activities accessible year-round and contributes to an overall sense of well-being for many residents.
Insider scoop: Take advantage of the early mornings and late afternoons for outdoor activities, especially during the hot summer months.
8. Con: It can get windy
New Mexico’s high desert environment comes with the challenge of frequent windy conditions, especially during the spring months. In some parts of the state, particularly the eastern plains, strong winds are a common occurrence, and wind speeds can reach over 40 miles per hour. The wind can make outdoor activities like hiking or biking less enjoyable and even hazardous on particularly gusty days. It also contributes to blowing dust and debris, which can reduce air quality and cause respiratory issues.
9. Pro: The food scene is delicious
New Mexico’s food culture is thriving, heavily influenced by both Native American and Hispanic traditions. The state is known for its red and green chile, which you’ll find on everything from burgers to breakfast burritos. In fact, “red or green?” is the official state question, referring to which type of chile you prefer on your dish. Santa Fe and Albuquerque are home to numerous award-winning restaurants that serve up local flavors, from traditional New Mexican cuisine to contemporary fusion dishes.
Insider scoop: When dining in New Mexico, order your chile “Christmas-style” if you can’t decide between red or green—it’s a combination of both and offers the best of both worlds.
10. Con: The roads are in poor condition
One significant drawback to living in New Mexico is the poor condition of many of its roads. Outside of major cities, road maintenance can be inconsistent, particularly in rural and remote areas. Potholes, cracks, and uneven pavement are common, making driving more difficult and potentially damaging to vehicles. Additionally, the state’s vast stretches of highways often go long periods without repair, which can lead to hazardous driving conditions.
When people think of Honolulu, they often picture its vibrant city center and famous beaches, but the true essence of living in Honolulu extends beyond the urban core. The suburbs of Honolulu are diverse residential areas that offer a quieter, more laid-back lifestyle while still providing easy access to the city’s world-class amenities and natural beauty. These Honolulu suburbs are spread across various parts of the island, each with its own unique character and charm.
In this ApartmentGuide article, we’ll explore some of the most notable Honolulu suburbs—from the scenic coastal communities to the lush inland retreats—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Honolulu or curious about the different Honolulu neighborhoods, let’s discover the best places around Honolulu to call home.
Cost of living in Honolulu
Before we dive into the top Honolulu suburbs, let’s cover how much it costs to live in Honolulu. The overall cost of living in Honolulu is about 85% higher than the national average. Housing is a major factor, with the median sale price for a home in Honolulu at $607,500, which is significantly higher than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Honolulu at $2,050, which is about 35% more than the national average of $1,514.
While some suburbs around Honolulu offer more affordable options, others can be just as expensive, if not more. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.
1. Kailua
Known for: Beach town vibe, outdoor activities, and laid-back lifestyle
Kailua, located on Oahu’s windward coast, is a picturesque beach town known for its stunning white-sand beaches and laid-back atmosphere. Kailua Beach and Lanikai Beach are popular spots for water sports, including kayaking, paddleboarding, and snorkeling. The town also offers a charming downtown area with local boutiques, restaurants, and cafes. Housing in Kailua ranges from beachfront properties to cozy homes tucked into the hills, making it a desirable location for those seeking a coastal lifestyle close to nature.
Population: 38,000 Median home sale price: $1,425,000 Kailua transportation scores: Walk Score 40, Bike Score 44, Transit Score 35
Apartments for rent in Kailua, HI | Houses for rent in Kailua, HI | Homes for sale in Kailua, HI
2. Hawaii Kai
Known for: Marina lifestyle, outdoor adventures, and suburban luxury
Hawaii Kai is an affluent suburb located in southeast Honolulu, known for its marina, luxury homes, and outdoor activities. Residents of Hawaii Kai enjoy a wide range of water-based activities, including boating, fishing, and snorkeling. The area also offers beautiful hiking trails, such as the famous Koko Head Crater Trail, which provides panoramic views of the island. Hawaii Kai’s mix of suburban tranquility and outdoor adventure makes it a popular choice for those seeking an upscale, active lifestyle.
Population: 30,000 Median home sale price: $1,350,000 Hawaii Kai transportation scores: Walk Score 22, Bike Score 21, Transit Score 35
Apartments for rent in Hawaii Kai, HI | Houses for rent in Hawaii Kai, HI | Homes for sale in Hawaii Kai, HI
3. Kapolei
Known for: Growing community, friendly environment, and new developments
Kapolei, often referred to as Oahu’s “Second City,” is a rapidly growing suburb located on the island’s west side. The area has seen significant development in recent years, with new housing communities, shopping centers, and schools popping up. Kapolei offers a welcoming environment with access to parks, recreational facilities, and beaches nearby. Its continued growth makes it an attractive location for those seeking more space while still being connected to Honolulu’s amenities.
Population: 45,000 Median home sale price: $750,000 Kapolei transportation scores: Walk Score 48, Bike Score 45
Apartments for rent in Kapolei, HI | Houses for rent in Kapolei, HI | Homes for sale in Kapolei, HI
4. Mililani
Known for: Central location, community-oriented atmosphere, and local amenities
Mililani is a centrally located suburb in Honolulu County, known for its well-planned neighborhoods and strong sense of community. The area offers a range of amenities, including parks, pools, shopping centers, and schools, making it a popular place for those looking for a suburban lifestyle with all the conveniences. Mililani’s central location on the island provides easy access to both Honolulu and the North Shore, making it ideal for those who want to explore all that Oahu has to offer.
Population: 28,000 Average rent for a one-bedroom apartment: $2,100 Median home sale price: $610,000 Mililani transportation scores: Walk Score 35, Bike Score 30, Transit Score 36
Apartments for rent in Mililani, HI | Houses for rent in Mililani, HI | Homes for sale in Mililani, HI
5. Ewa Beach
Known for: Beachfront living, golf courses, and growing developments
Ewa Beach is a rapidly developing suburb on Oahu’s west side, known for its scenic coastline, golf courses, and new housing developments. The area offers a blend of old and new, with established neighborhoods alongside modern communities. Ewa Beach is also home to several golf courses, including the Hawaii Prince Golf Club, making it a popular spot for golf enthusiasts. The area’s beachside location and access to amenities make it an attractive option for those seeking a suburban, beachfront lifestyle.
Population: 16,000 Median home sale price: $550,000 Ewa Beach transportation scores: Walk Score 47, Bike Score 55
Apartments for rent in Ewa Beach, HI | Houses for rent in Ewa Beach, HI | Homes for sale in Ewa Beach, HI
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Honolulu area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.