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Looking for an effective way to improve the chances that you won’t run out of money in retirement? It’s easy: Just delay retirement.

That may not be the solution you wanted to hear. But by working just a few years more, you can greatly enhance your portfolio’s longevity, as well as have a higher Social Security benefit to rely on in the event that your money runs out. To illustrate these benefits, consider a 62-year-old who has saved $250,000 for retirement. In the past year, she earned $75,000 at her job, and contributed 15% of her salary, or $11,250, to her 401(k). She figures she could live on 75% of her pre-retirement income.

How long would her money last if she retired today as compared to later ages? We fired up the “Am I saving enough? What can I change?” calculator (found among the retirement calculators at The Motley Fool) to analyze her situation. Here are the results.

Retirement Age 62 64 66 68 70
Number of Years Portfolio Will Last 5.2 6.3 7.8 9.8 12.8
Portfolio Will Last Until Age… 67.2 70.3 73.8 77.8 82.8
% of Expenses Covered by Social Security 34.2% 39.5% 45.5% 52.8% 59.9%

With all those pretty numbers in mind, let’s discuss the benefits of working a few years longer.

Your portfolio will have more years to grow
Our hypothetical retiree’s portfolio will last an estimated 5.2 years if she retires today, but its longevity increases with every year she puts off retirement, thanks to a combination of additional contributions and delaying the point at which assets are sold to pay for retirement. In fact, her $250,000 could almost double to $483,087 by age 70, assuming a 5% investment return and continued annual contributions of $11,250.

You’ll get a larger Social Security benefit
A bigger portfolio isn’t the only reason our retiree’s prospects improve the longer she works. Her portfolio will also last longer because of bigger Social Security checks, which means she’ll need to withdraw less from her portfolio to cover expenses. According to the benefits calculator on the Social Security website, our retiree will receive $16,032 in her first year of retirement if she applies for benefits at age 62. However, the calculator estimates that her benefit would more than double to $36,096 if she can wait until age 70.

That increased benefit is due to two factors. First, for every year you delay taking Social Security, the benefit increases approximately 8% plus inflation. Secondly, the benefit is calculated using the 35 years in which you earned the most money (adjusted for average wage inflation); if you are earning a high income in your 60s relative to what you earned previously in your career, then the more years you work, the more the higher-income years replace the lower-income years in the benefits calculation, resulting in a bigger monthly check.

Finally, delaying Social Security benefits also provides a larger safety net in case your portfolio does get fully depleted. If our retiree stopped working at age 62 and later ran out of money, Social Security would cover just 34.2% of her expenses. However, had she waited until age 70 and her portfolio went kaput, Social Security would cover 59.9% of her bills. Not ideal, of course, but better than 34.2%.

Your portfolio’s potential expiration will be closer to your own
The length of your retirement is the number of years between the day you quit work and the day life quits you. The older you are when you retire, the fewer number of years your money needs to last.

Of course, you don’t know exactly when you’ll exceed life’s mortal debt ceiling, but according to the Social Security Administration, the average 62-year-old male will live another 19.4 years and the average 62-year-old female will live another 22.3 years (apparently, pulling fingers reduces longevity). As you can see from the above table, if our retiree quits work at age 62, the calculator estimates she’ll run out of money at age 67. If she retires at age 70, her money is estimated to last into her 80s. This is still not ideal; most financial advisors recommend that retirees plan to reach age 90 to 95. But retiring later does result in her portfolio running out at an age closer to the average life expectancy.

The Bottom Line
There several ways to improve the chances that you won’t run out of money in retirement, such as save more while you’re working, earn higher investment returns (though never guaranteed, of course), downsize your home, reduce your expenses (as exemplified by Akaisha and Billy Kaderli, whom I interviewed a few weeks ago), or marry Warren Buffett.

Delaying retirement is not the only option, but it’s likely the most impactful option for those approaching their 60s with insufficient savings. It can also benefit those who have already retired but are willing and able to return to work, even part-time. (If it’s been less than 12 months since you received your first Social Security check, you can withdraw your application for benefits, return any money you received, and then take a larger benefit later.) Whatever you do, run your own numbers to determine what will best improve your retirement security. Many people retire too early, only to figure that out too late.

Source: getrichslowly.org

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Continued mortgage rate fluctuations, trending cash-out opportunities, and more. Stay informed with this week’s look at recent industry news.

Rates Update

Last week, Freddie Mac reported a significant decrease in mortgage rates with numbers below three percent across the board. These are some of the lowest numbers we’ve seen from Freddie Mac since September – and they should (as with all average rate changes) be taken with a grain of salt. In fact, some experts claim that the exact opposite happened and that rates actually increased over the previous week. Freddie Mac typically gathers their mortgage rate data early in the week, leaving room for error in their subsequent weekly report.

With such a volatile market in this month of November, it’s important to stay in touch with your Total Mortgage loan officer to be sure the mortgage rate you’re getting is the right one.

Low Rates and High Prices Encourage Cash-Out Refinancing

Cash-out refinance numbers are up 33 percent since last November as a result of current market trends. Even with refinancing as a whole accounting for slightly less than half of the market, the cash-out variety is making a noticeable return. Here’s why:

  • Mortgage rates are still at historic lows. Cash-out refinancing often results in a larger loan with a lower rate, so it’s natural to see the long-term benefits of swapping out now.
  • Property values are holding high. With fewer (and more expensive) options on the market, homeowners are being forced to look inward at their own properties. Pursuing a cash-out refinance could create a useful source of income for home improvements that will only increase a property’s value for a future selling date.

For full information about cash-out refinancing, read our blog or contact your Total Mortgage loan officer.

Increased Loan Limits Bring More Spending Power to Buyers

Don’t forget earlier this month, the borrowing limits for conventional loan options increased. Buyers now have access to single-family home loans of up to $625,000 (a $75,000 increase), four-unit home loans of up to $1.2 million (nearly a $250,000 increase), and more. With average market prices increasing, this is generally great news for all homebuyers who are eligible. See the full details below:

In Closing

Despite last week’s fluctuations and the ongoing upward trend, mortgage rates are still at historic lows and should remain relatively low through the end of the year. Now is still a good time to lock in a rate if you haven’t already – to get started, reach out to your Total Mortgage loan officer. For now, we’ll continue to monitor the news and keep you updated. Have a great week!

Source: totalmortgage.com

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Enjoy exclusive access to some of the best courtyards and gardens in Austin.

From the best neighborhoods to the best views, Austin has a lot to offer the energetic apartment hunter. The city is filled with beautiful apartments, but the trick is finding somewhere that truly meets all your needs.

This means thinking through what amenities matter most to you. Whether you want a resort-style pool, a state-of-the-art fitness center or even covered parking, you can find what you’re looking for in Austin. That said, you need to be sure not to forget about the outdoor space when you’re wading through the vast sea of amenities. Austin is just too beautiful to deny yourself an outdoor space you can use to hang out with those closest to you without leaving home.

To see a few hand-selected standout apartment complexes with courtyards and gardens in Austin, check out this list below. Pick your favorite spot and schedule your tour today.

Source: Rent. / Troubadour

This long strip of lawn at Troubadour is the perfect spot for some outdoor games. Grab a set of cornhole boards and make a day of fun in the sun for you and your friends. As the sun goes down, head into the outdoor TV lounge and catch a movie under the stars.

Located within the safe and comfortable Hancock neighborhood, this area is known for its great parks and spanning green space. In this bike-friendly area, with public easily accessible transportation, getting around doesn’t have to involve a car. A little to the north of the city center and the University of Texas, you’ll get a nice mix of students, young professionals and families living here.

Source: Rent. / Lantana Ridge

Get closer to nature in the on-site park at Lantana Ridge. With a paved trail for walking, running or cycling, no corner of this beautiful, 55-acre space will be left unexplored after a few months of living here.

Found in one of Austin’s larger neighborhoods, East Oak Hill is only 10 minutes from downtown. Although close to the urban center of the city, you’ll feel separated from all that living here in the hill country. With plenty of outdoor space, you can spend time exploring the Texas hills, hang out on Lady Bird Lake or even wander through Barton Creek Wilderness Park.

Source: Rent. / MAA Barton Skyway

Although you’ll find a well-maintained walking trail on the property at MAA Barton Skyway, the little oasis pictured above allows you to stop and settle into your natural surroundings. Set under the trees, among a layer of fallen leaves, a little wooden table and benches await for you to take a calming break in this bit of secluded space.

To keep up the outdoor activity, make sure you head to nearby Zilker Park. A prime feature of this Barton Hills neighborhood, the 350-acre park includes a botanical garden, a sculpture garden and a spring-fed pool.

Source: Rent. / Paloma

Enjoy a moment of zen in the minimalist courtyard at Paloma. A single, skinny bench lets you sit and take a moment to meditate alongside two companion trees. In the center of this space, a marble fountain provides a soothing soundtrack, ideal for deep contemplation.

Minutes away from great shopping, dining and entertainment, living in Northeast Austin gives you convenient access to the rest of the city as well as plenty natural resources. A quieter part of town, you’ll also find touches of suburbia with wide streets plenty of parks and an ever-evolving populous of young families.

Source Rent. / Bridge at Steiner Ranch

The garden at Bridge at Steiner Ranch is more for walking around than stopping to smell the roses. In fact, there aren’t any flowers here, just native trees and bushes, giving this area a comfortable, natural feel. The lawn is close-clipped to really highlight the other plant life, and the curved path lets you quickly do a lap or two before moving on.

Up in the hill country, this Northwest Austin neighborhood is picturesque to say the least. It’s also a great spot for outdoor enthusiasts to call home. An abundance of hiking and biking trails throughout means there’s no shortage of fresh air activities within a short drive.

Source: Rent. / Barton’s Mill

An outdoorsy vibe is what stands out at Barton’s Mill. Walking up to your apartment, for example, takes you along a path surrounded by grass, trees and manicured bushes. It’s like walking through a little park or garden, something that should put you in a good mood whether you’re leaving for the day or getting back home after a long day out and about.

Outdoor recreation is a favorite pastime of many Austinites, so living in South Lawn is great because of the easy access to the outdoors. Throughout this neighborhood, you’ll find opportunities to hike, bike and even hop into a canoe. It’s a great place to call home to make those sunny days count in this great city.

Source: Rent. / Camden Stoneleigh

The courtyard at Camden Stoneleigh feels like a garden thanks to the circle of trees and vibrant green lawn. Gnarled branches lean in all directions, giving this space a mystical feel, combining tasteful hardscaping with small plants along the border. Take the path, walk right through or weave between the trees for a little solo time in nature.

Yet another popular part of Austin, living in Southwest Austin gives you the best of both worlds. You’re close to the downtown area and all its fun, but you still have plenty of parks, shopping and green space to enjoy close to home. There are a few lakes to utilize for a dip or a boat ride as well, which comes in handy when summer temperatures soar.

Source: Rent. / Sonterra

The garden at Sonterra welcomes you in with a special message, “Plant dreams, pull weeds and grow a happy life.” This sweet sentiment makes this lush space all the more special. Take a walk around to get closer to the trees and other greenery or sit on one of the stone benches for a quiet moment. Between the wide variety of plant life and the stacked rock borders, you’ll fall in love with this tranquil space in no time.

This Northwest Austin community provides an element of seclusion thanks to its heavily-wooded surroundings which extend into the greenbelt. You’re also very close to Lake Travis and Volente Beach, which sits along four acres of the lake.

Source: Rent. / The Park at Wells Branch

Nice decking and red wooden benches set the courtyard at The Park at Wells Branch apart. This is also where you’ll find the charcoal grill and umbrella-covered picnic table for when it’s time to whip up a meal alfresco. Surrounded by a short wall of shrubbery and mature trees with leaning branches, this is the ideal spot for a Saturday barbecue.

A tranquil Austin community, living here can also make your daily commute very easy. It’s close to some of the local major employers like IBM and Amazon. Other amenities within this eco-friendly community include a pool and hot tub, playground and basketball court. There are also nearby trails for hiking and biking to keep those active vibes going.

Source: Rent. / The Social

A minimalist approach to greenery doesn’t make the garden path any less peaceful at The Social. Iron gateways spice up an otherwise basic sidewalk, giving it a fun look. Cacti and other desert-friendly greenery sit low to the ground, while pruned bushes and trees rise up to near-eye level.

For a real taste of Austin suburbia, you’d do well to call any community in Parker Lane home. This chill neighborhood is primarily residential, so you may have to drive a little to head out for the night, but you do have an excellent bit of greenery all around. Mabel Davis District Park is here. It takes up 50 acres in the center of the neighborhood and contains a playground, an Olympic-sized swimming pool and a skate park. There’s also a covered picnic area and basketball courts.

Find an apartment with one of the best gardens in Austin

Don’t forget to consider amenities as you decide what your ideal Austin apartment looks like and start uncovering all the secrets this great city has to offer. Having all the right features — and a great outdoor space — will give you a winning combination to call home no matter what part of the city speaks to you the most.

Featured Image Source: Rent. / Sonterra

Source: rent.com

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A killer lighting situation can complete the look of a space—it’s like the cherry on top of a sundae…the icing on the cake…the cheese on the pizza? Alas, we digress. What we’re trying to get at is that a good light can define a space and serve to add a little bit more dimension to the feel of a room. Not to mention, extra mood lighting is always welcomed, especially when it comes to enhancing the Instagramability of our meals #priorities.

If you’re looking for something more dramatic than a basic ceiling light, but less showy than a chandelier, pendant lights are the way to go. The great thing about them is that they’re super versatile—you can hang them over a elegant dining table or use them to create a cozy reading nook. In our favorite metallic hue these guys offer just the right amount of interest for any decor situation!

It’s hard to go wrong with these pretty pendants—you can go singular and bold or hang multiple smaller options to create the lighting that best fits your needs. Often times, you just need that one glitzy piece to add that touch of glam to a space. We’ve scoured the web and created our own collection of gold pendant light faves!

We love the perforated look of #4. We’ll take two to hang over a long dining table, please! Which would you choose?

Get Your Shop On:

> 1. Bronze Copper Shade Pendant
> 2. Euclidean Pendant
> 3. Starburst Sputnik Chandelier II
> 4. Perforated Metal Industrial Pendant
> 5. Workstead Brass Pendant
> 6. Cell Tall Pendant Light
> 7. Caviar Adjustable Pendant
> 8. Magica Drum Pendant Light
> 9. Factory 1-Light Pendant

image 1 via Nordic Design // 2 via Apartment 34 // 3 via Zuvier // 4 via Yellowtrace // 5 via Coco Lapine // 6 via Design Milk // 7 via New Zeland Design Blog 

Copy by Editorial Intern Ali Hartwell

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Source: apartment34.com

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Mortgage rates will spend the rest of the year moving mostly sideways, as inflation cools but remains above the Fed’s goal, the latest Freddie Mac economic outlook states.

“Under our baseline scenario, the unemployment rate gradually moves modestly higher, enough to slow the economy but not trigger a full-blown recession,” a blog posting authored by its Economic & Housing Research Group led by Sam Khater, chief economist, said. “In that scenario, we expect inflation to cool but remain above the Federal Reserve’s target of 2% and mortgage rates to move mostly sideways, most likely remaining above 6% through year-end.”

Starting last month, Freddie Mac moved to a qualitative forecast from the quarterly quantitative it had been providing in the past. This report was dated June 16, after the Federal Open Market Committee declined to raise short-term rates at its meeting earlier in the week.

In their prior forecasts, including for May, both Fannie Mae and the Mortgage Bankers Association have predicted the U.S. will enter into a recession in the second half of this year. Neither has publicized their June outlook yet.

With mortgage rates staying in that 6% range that put most people out of the money to refinance unless for need, that part of the market should remain muted for the rest of 2023.

This week’s Primary Mortgage Market Survey, based on applications submitted to Freddie Mac’s Loan Product Advisor automated underwriting system, put the 30-year fixed rate mortgage at 6.69%. The last time rates were under 6% was the week of Sept. 8, 2022.

“On the home purchase side, we expect mortgage originations to stay flat this year,” Freddie Mac said. “Purchase originations will start to strengthen later this year as home sales stabilize, and they will resume modest growth in 2024.”

Home sales should remain negatively affected by high mortgage rates and the slowing economy. But a bright spot so far this year is the entry-level segment.

“Despite the substantial affordability challenges, first-time home buyers continue to come to the market and have contributed to an increase in homeownership rates,” Freddie Mac said.

To support its argument, the government-sponsored enterprise pointed to the below-median family income homeownership rate, which at the end of the first quarter was 53.4%, up from 48% in 2016 according to the Census Bureau’s Housing Vacancy Survey.

Over the same time frame, the above-median income rate increased just 0.8 percentage points. 

“As of the first quarter of 2023, 87% of the 3.1 percentage point increase in the overall homeownership rate since 2016 can be attributed to the growth in the below-median family income homeownership rate,” Freddie Mac said.

Source: nationalmortgagenews.com

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Today we’ll check out “Carrington Mortgage,” a top-50 mortgage lender nationally that is based in Anaheim, California.

They recently launched “Vylla Home,” which is their take on a modern all-in-one experience for home buyers and mortgage seekers.

It’s a single brand that encompasses everything from mortgage lending and loan servicing to a real estate brokerage, title, escrow, and settlement services – all under one roof.

Let’s learn more about this full-service real estate and mortgage company.

Carrington Mortgage Fast Facts

  • Retail direct-to-consumer mortgage lender
  • A top-50 mortgage lender nationally
  • Founded in 2007, headquartered in Anaheim, CA
  • Offers home purchase loans and mortgage refinances
  • Funded more than $7 billion in home loans last year
  • About two-thirds of their total loan volume consisted of mortgage refinances
  • They also operate wholesale and correspondent lending divisions and are a loan servicer
  • Currently licensed in 48 states and the District of Columbia

Carrington Mortgage Services is one of the largest mortgage lenders in the country, and also a major loan servicer as well.

Aside from running a billion-dollar retail direct-to-consumer channel, they operate wholesale and correspondent lending divisions.

This means you might be resold a Carrington Mortgage at a credit union or via one of their mortgage broker partners.

The company got its start back in 2007 in Anaheim, California (home to Disneyland), and since then has increased its footprint to 48 states and D.C., with North Dakota and Massachusetts the two exceptions.

While they mostly operate online, there are six physical locations, including offices in Scottsdale, AZ, Anaheim, CA, Windsor, CT, Jacksonville, FL, Westfield, IN, and Owing Mills, MD.

They appear to be most active in their home state of California, along with Florida and Texas.

Last year, roughly two-thirds of total production consisted of mortgage refinances, with nearly 40% resulting in cash out to the borrower.

Nearly half of all their lending was made up of FHA loans, with another 20% in VA loans, so it’s clear they specialize in government-backed mortgages.

But they offer a lot more than just the basic loan programs all the other guys have.

How to Apply for a Home Loan with Carrington Mortgage

  • It’s possible to visit a physical branch if one is located near you
  • You can also simply call them up or navigate to their website and search their loan officer directory
  • Once at an individual loan officer’s personal webpage it’s possible to apply online
  • They appear to offer a digital home loan process powered by L.O.N.

You’ve actually got quite a few options here. You can either give them a call on the phone or get started on their website. And I suppose visit an office if one happens to be located near you.

While they do have six physical locations across the United States, there’s a good chance you’ll be working with your loan team remotely.

If you choose the online route, you’ll need to provide some basic loan information like loan amount/purchase price, down payment, along with basic contact info.

At that point, a Carrington Mortgage loan officer will reach out to learn more about your situation and discuss loan options and mortgage rate pricing.

Alternatively, you can browse their online loan officer directory and find someone nearby to work with.

If you go in that direction, you’ll be able to start the digital loan application right from the individual loan officer’s personal webpage.

They appear to offer a digital app powered by Loan Originator Networks, LLC (LON). It allows you to input most loan details electronically and scan/upload supporting documents.

Ideally, you can also complete the rest of the process paperlessly as well, though that’s unclear because they don’t provide all the details.

Carrington does say you can get same-day mortgage pre-qualification letters if you’re buying a home

Loan Programs Offered by Carrington Mortgage

  • Home purchase loans
  • Refinance loans: rate and term, cash out, and streamline
  • Conventional loans backed by Fannie Mae and Freddie Mac
  • Jumbo home loans up to $3 million loan amounts
  • FHA loans
  • USDA loans
  • VA loans
  • Mortgages for first-time home buyers
  • Proprietary loan programs for low credit scores, high DTI ratios, etc.
  • Fixed-rate mortgages: 30-year fixed, 15-year fixed, and more
  • Adjustable-rate mortgages: 5/1, 7/1, and 10/1 ARMs

One plus to using Carrington Mortgage is their huge array of loan programs.

Like all other lenders, they offer both home purchase loans and refinance loans, including cash out and streamline refinances, on all types of properties including condos.

They also offer the usual stuff like conforming loans backed by Fannie/Freddie, FHA loans, USDA loans, and VA loans.

But what sets them apart might be their jumbo home loan offerings, which allow for loan amounts as high as $3 million.

Or their proprietary suite of lending options known as “Flexible Advantage.”

Carrington Flexible Advantage

I dedicated an entire section to “Carrington Flexible Advantage” because they offer so many different loan options.

This is basically their proprietary home financing solution that allows borrowers with less-than-perfect credit, a high DTI ratio, or past credit events to qualify for a mortgage, even if they wouldn’t otherwise.

These types of mortgages are known as portfolio loans because instead of being sold off, they are retained in the lender’s portfolio.

You can get one of these loans for a home purchase, rate and term refinance, or even a cash out refinance.

Some of the features include:

  • Credit scores as low as 550 (subprime)
  • Loan amounts up to $1.5 million with cash-out up to $250,000
  • Recent credit events like bankruptcy, short sale, foreclosure, or late mortgage payments
  • Bank statements instead of tax documents for self-employed borrowers
  • High debt-to-income ratios OK
  • No mortgage insurance required

Carrington Mortgage Rates

One downside to Carrington Mortgage is the fact that they don’t mention their mortgage rates on their website.

It’d be nice to know where they stand pricing-wise since you’ll be paying the home loan for possibly the next 30 years!

Like plenty of other lenders, they choose not to advertise their interest rates online, which is fine, but make sure you call and get pricing first before proceeding to the loan application.

You should inquire about both mortgage rates and lender fees, which together make up the loan’s mortgage APR.

Once you know their rates, and what they charge, such as an application fee and/or loan origination fee, you can better gauge how aggressive they are relative to other banks and lenders out there.

Carrington Mortgage Reviews

On Zillow, they’ve got a very impressive 4.5-star rating out of 5 from roughly 900 customer reviews.

You can filter the Zillow reviews by loan officer, which might be a helpful tool to decide who you want to work with. Since they’re a large company, experiences can vary from one loan officer to the next.

On LendingTree, they’ve got a more average 4.1-star out of 5 rating from nearly 100 reviews. They also have an 80% recommended rate, which isn’t terrific.

They also have over 500 Google reviews with a 4.5-star rating at last glance.

Finally, Carrington Mortgage is an accredited business with the Better Business Bureau, and have been since inception in 2007.

They currently have been assigned an ‘A+’ rating based on customer complaint history.

To sum things up, Carrington Mortgage might be a good choice if you have a unique or hard-to-close loan scenario that other lenders might not go for.

Thanks to their vast array of available loan programs, they might be able to find a home for your loan where others have failed.

They’re also a one-stop shop, so third-party services like title insurance and escrow could potentially be cheaper when bundled together.

Carrington Mortgage Pros and Cons

The Good Stuff

  • Can apply for a home loan online
  • Tons of loan programs to choose from including their own unique portfolio products
  • Mostly good reviews from past customers
  • A+ BBB rating, accredited company
  • They service their loans (as opposed to transferring them)
  • Free mortgage calculators and how-to guides on their website
  • Free smartphone app to make payments and manage your loan
  • MooveGuru (third-party savings program for new home buyers)

The Maybe Not

  • Do not publicize mortgage rates or lender fees
  • Limited physical locations
  • Not licensed to lend in North Dakota or Massachusetts

Source: thetruthaboutmortgage.com

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Earth homes are the oldest type of house in the world, dating back to at least 15,000 BCE, and still house upwards of 700 million people around the world. They’re also remarkably efficient, affordable, and environmentally friendly. While they were once considered a niche home style, they have become increasingly popular, primarily starting in the 1970s during the environmental movement. 

But what are earth homes? Where can you build them and how do you do it? Are they right for you? Whether you live in a house in Albuquerque, NM, or are looking to build a home in Reno, NV, read on for everything you need to know about earth homes. 

What is an earth home?

An earth home, also called an earthen home or earth shelter, is a structure that is either built from natural soil and other organic materials or built into the earth (above or below ground). They have an incredibly long history and were the primary housing style for most peoples around the world for thousands of years, including Native Americans. 

Today, homes are usually either built into the side of a hill or buried completely underground and have concrete walls. They may sound intimidating, but earth shelters minimize your impact on the landscape while offering tons of practical advantages.

Types of earth homes

There are three standard types of earthen homes: Underground, in-hill, and bermed. Let’s break these down, so you can decide which is best for you.

1. Bermed earth homes 

Bermed earth homes are the most flexible type of home and are usually built at or slightly below ground level, with earth piled up against the exterior walls on one to three sides. The roof may be exposed or covered in earth as well. This design allows for easier access and more natural light compared to completely underground homes, but it provides less insulation from the earth than the other types. Bermed design can be particularly effective in colder climates, where the earth can provide substantial insulation, and the exposed walls and roof can be designed for maximum solar gain.

2. In-hill earth homes 

These homes are constructed into the side of a hill or slope, with one side (usually the front) exposed. This allows for more natural light and easier access compared to completely underground homes, while still offering substantial insulation benefits from the earth on the other three sides. The slope can help with natural drainage, but waterproofing is still essential. The exposed wall allows for the use of larger windows and doors, which can be designed to maximize passive solar heating and natural ventilation.

3. Underground earth homes

These homes are built completely underground, with only the entrance and possibly some windows exposed at ground level. This type of design provides the most insulation, which can result in significant energy savings for heating and cooling. Most people choose to install light wells to bring natural light into the home. However, completely underground homes can be more challenging in terms of ventilation and emergency egress, and they require extensive waterproofing and drainage to prevent moisture issues.

Other styles and thoughts

Earth homes can also be houses built using entirely organic materials, including soil, and don’t have to be built directly into the earth. On the other hand, homes that are built into the earth don’t have to be made from entirely organic materials. 

Where can you build an earth home?

You can build earth homes anywhere in the world and in most climates as long as the local government allows it. Earth homes benefit from the stable temperature underground, similar to geothermal heating and cooling. This makes them especially suitable for hot and arid climates and areas with low humidity, but less suitable in arctic regions due to permafrost. Most earth shelters also provide increased protection from weather, solar radiation, and natural disasters.

What to consider before building an earth-sheltered home

Building an earthen house can be a rewarding project, providing a home that is naturally energy-efficient and unique. However, there are many things you need to consider before you begin.

  1. Location: Your first step is to decide where to build your earthen home. It’s critical to have a good understanding of the site’s climate, geology, topography, and hydrology to ensure the structure will be stable, safe, and not prone to issues like flooding or land sliding. 
  2. Building codes and permits: Check with your local government to see if earth-sheltered homes are allowed in your area. You will also need to find out about any specific requirements or regulations that apply. 
  3. Design and architecture: The design of earthen homes is very different from other house styles. Consider aspects such as insulation, waterproofing, and ventilation to ensure that the house remains comfortable, clean, and safe. 
  4. Lifestyle and family needs: Earth homes are very adaptable, but may not be able to fit you or your family’s needs, especially if you have children. Make sure to take your situation into account.
  5. Materials: Because an earthen home is built into the earth, it requires specific materials to prevent water damage and other issues. For instance, the exterior walls need to be made of materials that can resist moisture and pressure, such as compressed earth blocks.
  6. Costs: Earth shelters can be more expensive upfront due to necessary specialized materials, permits, and construction techniques. However, many materials are actually extremely inexpensive, such as cob and adobe. Additionally, long-term savings in energy costs usually offset any high upfront expenses. 
  7. Construction expertise: Earth-sheltered homes are not as common as conventional homes, so it’s important to have a builder with experience in this type of construction. 

Construction techniques

Many different home styles and construction materials can work for earthen homes. As long as a large portion of the building contains soil or is built into the earth, it is generally considered an earth shelter.

Some of the more popular earthen home techniques often involve natural materials and older building techniques, and may not be built into the earth. Here are a few examples that are still in use today:

  • Adobe: Constructed using a mixture of clay, sand, water, and organic materials, adobe homes are created by hand-forming bricks and allowing them to dry before stacking and bonding them with adobe mortar. This is an ancient method of building that dates back to 5,100 BCE in the Americas.
  • Cob: Cob homes are built by mixing clay-rich soil, sand, and straw to create a thick, malleable material. The cob is sculpted by hand, forming rounded walls that are allowed to dry naturally.
  • Rammed earth: This technique involves compacting layers of damp earth into formwork using mechanical or manual methods. The resulting walls have a smooth, solid appearance.
  • Compressed earth blocks (CEB): CEBs are made by compressing a mixture of soil, stabilizers, and sometimes cement into block forms. These blocks are then stacked and bound using mortar. This is the most recent technique and has gained popularity for its efficiency and durability.

Earth homes that are built into the earth often have one or more concrete walls to protect against water and pests, and to provide fire resistance. Most of the time, though, exterior walls are made from organic materials, and soil, while earth-facing walls are concrete, steel, or a mix of the two.

Pros and cons of earth homes

Building an earth-sheltered house can be a rewarding and meaningful project. However, there are many pros and cons to consider before deciding to take it on.

Pros

  1. Energy efficiency: Because the earth acts as natural insulation, these homes tend to maintain a more constant temperature than conventional homes. This can significantly reduce heating and cooling costs. They also lose almost zero energy to window, door, and wall leakage, which is dramatically better than the standard 20% for most homes. 
  2. Sustainability: Earth homes have a low impact on the environment. They require less energy to heat and cool, can be built with entirely sustainable materials, and their construction requires less alteration to the natural landscape. Most also utilize passive heating and cooling, solar power, and other renewable technologies.
  3. Aesthetics: Many people find earth homes attractive due to their unique, natural appearance. They often blend in with the landscape, creating a sense of harmony with nature.
  4. Protection: Earth homes can offer excellent protection from severe weather and natural disasters, including high winds, hail, and even earthquakes.
  5. Cost and savings: While upfront costs for construction, permitting, and design can be higher, earth shelters pay for themselves in the long run. They can also cost less to insure because of their resilience against natural disasters. Additionally, many governments offer tax incentives for using renewable energy and committing to a sustainable building style. 
  6. Rental opportunities: You can even build an earth home solely as a short- or long-term rental. Unique home designs also often attract more attention on rental websites.

Cons

  1. Moisture control: Waterproofing can be an issue in earth homes. It’s essential to understand your climate and apply adequate waterproofing to ensure that water does not seep into your home.
  2. Aesthetics: While many people love the smooth, natural look of many earthen structures, some people prefer the look of a more traditional home.
  3. Light and ventilation: Without proper design, these homes can lack natural light and adequate ventilation, leading to poor indoor air quality.
  4. Construction challenges: Earth homes can be hard to build and may require specialized knowledge and techniques. However, compared to a traditional home, earth structures can be much easier to build. 
  5. Permitting and regulations: Some regions have building codes and regulations that may make it difficult to build an earth home. 
  6. Remodeling: Earthen structures are notoriously hard to remodel or expand because they’re often built into the natural landscape. Remodeling would require a huge effort to modify the surrounding environment as well as your home. If your earth home isn’t built into the earth, the inflexible organic materials may make it harder to remodel as well. 
  7. Emergency access and escape routes: Many earthen structures are partially or entirely below ground, which can make it more difficult to exit in case of emergencies.It’s essential to plan ahead and design a safe escape route. 
  8. Pests: Earth homes can be more susceptible to pests, particularly insects and rodents that live in the soil. However, this is debatable and many people don’t see any increased pest presence. However, it’s a good idea to take some pest control measures to prevent infestations.

Earth homes vs. Earthship homes

Earth homes and Earthship homes sound similar and are both environmentally-friendly options. However, they’re actually very different house styles. 

  • Earth homes: Earth-sheltered homes are partially or fully covered with earth. They use the natural insulating properties of the soil to maintain a consistent indoor temperature, reducing the need for heating and cooling. They can be built in various styles, including bermed, in-hill, and fully underground designs. Construction materials can vary, but often include concrete and other moisture-resistant materials. 
  • Earthship homes: Earthship is a specific type of sustainable home developed by architect Michael Reynolds. These homes adhere to a strict set of principles and are designed to be self-sufficient and constructed primarily from recycled and organic materials. They incorporate passive solar design principles for heating and cooling, rainwater catchment and filtration systems for water, solar and wind power for electricity, and often include indoor food-growing spaces. Earthship homes can be partially earth-sheltered, but are distinct in their use of recycled materials and self-sufficiency features.

Final thoughts on earthen homes

Earth homes, including underground, in-hill, and bermed designs, provide a unique, sustainable living option perfect for reducing your carbon footprint. The design capitalizes on the earth’s natural insulation properties, creating consistent indoor temperatures and significantly reducing energy use. 

Earth homes can offer a harmonious blend with nature, providing a great choice for those seeking an eco-friendly, energy-efficient lifestyle.

Source: redfin.com

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Are you pondering over the idea of moving to Santa Barbara? Let this Redfin article be your insider guide, unveiling the secrets of this picturesque coastal haven, as shared by its vibrant residents. This isn’t your typical city guide; it’s a treasury of local insights, revealing everything from exceptional dining experiences and enchanting bookstores to lush hiking trails and historic hotels.

As you search for apartments for rent or homes for sale in Santa Barbara, remember that this city offers more than just a place to live—it’s a gateway to a community brimming with adventure and exploration. Join us as we delve into the unique experiences and treasures that await you in this picturesque paradise.

1. Have a biodynamic glass of wine at Satellite

If you’re searching for the perfect blend of vegetarian plates and wine, Jill Ettinger, co-founder and editorial director of Ethos, recommends Satellite. “There, you’ll find organic, local produce, and biodynamic wine for a meal that doesn’t disappoint.” Ettinger also suggests trying the vegan mac and cheese, stuffed tacos, or yoga pants salad–and be sure to grab a bottle of their 2020 Sylvain Pataille Aligoté Burgundy as a memento.

2. Grab a craft beer at Night Lizard Brewing Company

Beer enthusiasts, rejoice! Shannon Fennell suggests Night Lizard Brewing Company to “discover a diverse range of handcrafted beers, from hoppy IPAs to smooth stouts, each crafted with passion, sustainability, and precision.” And you don’t have to be a beer aficionado to enjoy all this local brewery has to offer; all are welcome.

3. Enjoy a delicious cup of coffee at Handlebar Coffee

Tristan Tracy with Tristan Tracy Photography recommends Handlebar Coffee. “It’s the best cup of coffee in the Santa Barbara area,” says Tracy. From competitive cycling to multiple storefronts, Handlebar Coffee roasts quality beans daily.

4. Join the Taste Santa Barbara Food Tour

If you’re looking for an all-in-one experience, Tristan Tracy also suggests checking out the Taste Santa Barbara Food Tour. “The owner is a blast, and the food is amazing. You’ll eat the best of downtown Santa Barbara and learn about this town’s history.”

5. Spend the afternoon at Chauncer’s Bookstore

Author and freelance writer Audry Fryer recommends a hidden gem for book lovers, Chaucer’s Bookstore. Fryer describes the store as a, “cute independent bookstore with a cozy atmosphere, friendly and knowledgeable staff, and an extensive collection of varying genres.” You can even find a selection of journals, puzzles, games, and magazines. There is truly something for everyone.

6. Go on a beachfront pottery date

If you’re searching for a fun, creative, and romantic date, look no further than Sarah Klapps’s two-hour “Clay Date.” Klapp offers private pottery lessons for two in her beachside art studio where “guests will learn how to make pottery on the wheel and take home their finished work.” All materials are included; bring yourself and someone special for an enjoyable experience.

7. Stroll through the Santa Barbara Botanic Garden

With over a thousand species of plants, Shannon Fennel recommends exploring the Santa Barbara Botanic Garden. “Explore winding trails that lead you through lush landscapes, vibrant wildflowers, and fragrant gardens, igniting your senses along the way,” says Fennel. If you’re searching to spend the day captivated by the beauty of wandering through California’s native plants, this is the perfect place.

8. Spend the day at Alameda Park

If your children are eager for a day of entertainment, look no further than Kid’s World at Alameda Park.”This 8,000 sqft playground is just one of the amazing sections at Alameda Park and is home to beautiful trees and also boasts a great way to spend a morning in Santa Barbara,” says Tristan Tracy.

9. Experience luxury at the Rosewood Miramar Hotel

Whether you’re briefly in town searching for your next home or have family visiting after you’ve settled, Tracy also recommends a stay at Rosewood Miramar Hotel just outside of Santa Barbara city limits. “This historic property was recently rebuilt into a glamorous and lavish estate hotel.” Tracy shares how she’s often captivated by the fantastic boardwalk views, cocktails, and guest service–claiming that “it really is the whole experience of the highest-end hotel in Montecito.”

Source: redfin.com

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When your stomach is grumbling, you may not feel inclined to debate dining plans. But if you are new to a city or have found an apartment in a different part of town, you might not know just where to indulge your taste buds.

[find-an-apartment]

Why not hop on the Internet and check out the food scene in your town with online guides and apps, like these fabulous foodie finders?

Yelp
Yelp is a great go-to site when you are looking for reviews of even the tiniest of eateries. This foodie-friendly review site is driven by communities of locals who write the entries, chiming in with their 2 cents. You can search by cuisine, neighborhood or ranking, and get insider info about whether the restaurant has unique features like large group seating or TVs in the lounge. Yelp is also tied in with our next good-eats guide, OpenTable, so you can make reservations on the spot.

Read more: How to Dine Like a Professional Foodie (and Not Spend a Fortune!)

OpenTable
OpenTable makes it really easy to make a reservation at a restaurant. In fact, this digital dining tool started out primarily as a reservations service. As the user base grew, however — and more restaurants began depending on the site to handle online reservations — restaurant reviews were also added. Now you can search for an open table on Friday night, for instance, and feast your eyes on the latest comments about the cuisine.

The other cool feature about this site is that you can earn dining rewards points for booking your reservations online. After racking up enough points, you’ll earn gift certificates to use at participating OpenTable restaurants.

Urbanspoon
Like many of these online tools for finding food reviews, Urbanspoon helps you focus on locally-ranked neighborhood restaurants organized by cuisine or neighborhood. They also provide specific lists in categories like the “Talk of the Town” and “Kid Friendly” to help you navigate the food scene in your city. One of the neatest tricks that Urbanspoon serves up is an app which allows you to search nearby neighborhoods so you can consider restaurants most convenient to you.

No idea what you’re in the mood for? Take a gamble with their fun slot machine widget!

Zagat
If you are really into ratings, then Zagat is a great destination for you to make dining decisions. These guides were around well before the Internet, spotlighting the finest dining in major cities. Zagat surveys its members about their favorite restaurant picks, then uses those results to create their well-respected ratings. Zagat also has a food-tastic blog written by in-the-know gourmands from around the country.

Read more: Table for One: How to Dine Alone (and Love It!)

GrubHub
Sometimes going out to dinner can be a drag. Not to worry: now, you can explore the local food scene without leaving your house.

GrubHub is the newest player in food pickup and delivery. Just tell them where you live and what you want to eat. GrubHub will do the work to find you a nearby restaurant that delivers or has easy pick-up options. You can order online or by phone, then track your order with their mobile app or text updates. Finding food has never been so easy!

Dig in to your next food search with these awesome online food guides. And for the most up-to-date local foodie information, stay on the lookout for dining guides featured in your city’s digital publications.

On a budget? Read more about Cooking Smart for One!

Photo credit: Shutterstock / Brooke Becker

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One quarter of home buyers say they’re planning to move from their current residence, with many saying the COVID-19 pandemic has convinced them to relocate to smaller towns and cities.

Redfin reported last week that its database of more than one million house hunters shows that a record 27% are looking to move to a different metro area from the one they currently reside in.

And it’s not only Redfin that has noticed this trend. Last week, realtor.com released its own report showing that more than half of home searchers in the nation’s 100 largest metros are focused on homes in the suburbs of those areas. Indeed, listing views of homes in the suburbs in May dramatically exceeded those from one year ago. But the migration to the suburbs is not a new trend, as it actually began accelerating prior to the pandemic, according to realtor.com’s director of economic research Javier Vivas.

“After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely are likely two of the factors contributing to the popularity of the burbs,” he said.

In addition, homes in smaller towns are getting more attention too. Redfin said that page views for listings in towns with 50,000 or less residents saw traffic grow by 87% in the last year. That’s almost four-times the 22% annual increase in views of listings in cities with 1 million+ residents.

“While there has been a huge increase in the number of people looking online at homes in small towns, the long-term impact of the pandemic on people actually moving from one part of the country to another remains to be seen,” Taylor Marr, a Redfin economist, said. “People are starting to take the plunge and move away from big, expensive cities, though most of them were probably already considering a lifestyle change. The pandemic and work-from-home opportunities that come with it are accelerating migration patterns that were already in place toward relatively affordable parts of the country. But for many people, the lure of large homes in wide open spaces will be passing a dream fueled by coronavirus-induced isolation.”

The largest net outflow of Redfin searchers in April and May was in the cities of Los Angeles, New York and San Francisco, which means more people are moving out of those areas than moving into them. Moreover, Phoenix; Sacramento, Calif.; Las Vegas; and Dallas saw the highest net inflow of users in the same months. Homes in those metros also tend to be more affordable than in the coastal regions.

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected]
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Source: realtybiznews.com