The second annual Cook’n’ with the Blue — inVINCEible Jambalaya Cook Off on May 21 drew supporters and loved ones of the late Capt. Vincent N. Liberto Jr. to the Mandeville Trailhead.
Cook’n’ with the Blue — inVINCEible Jambalaya Cook Off
Mandeville Trailhead
Mandeville, LA 70448
July 14, 2024
Price: $10
Single-family built-for-rent (SFBFR) construction saw substantial year-over-year gains in the first quarter of 2024, as builders aimed to increase rental housing options in a market burdened by high mortgage interest rates.
According to the National Association of Home Builders (NAHB), which analyzed data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 18,000 SFBFR starts in the first quarter of 2024. This figure represents a 20% increase compared to the first quarter of 2023, though it’s worth noting that the comparison benefits from a particularly weak start in 2023. Over the past four quarters, 80,000 such homes began construction, marking a nearly 16% rise from the 69,000 SFBFR starts in the previous four quarters.
The SFBFR market provides much-needed inventory amid ongoing challenges related to housing affordability and down payment requirements in the for-sale market. This is particularly relevant as more people seek additional space and prefer single-family structures. SFBFR homes often have different structural characteristics compared to other newly built single-family homes, especially regarding size.
Despite a cooling investor demand for both existing and new single-family homes due to higher interest rates, builders continue to pursue smaller SFBFR projects for their own operations. Given the affordability issues in the for-sale market, the SFBFR sector is expected to maintain a significant market share, even if the sector experiences some cooling in the upcoming quarters.
Homeowners are increasingly prioritizing outdoor living spaces that were once overlooked. With many choosing to stay in their homes longer due to high financing costs, limited inventory, and increased remote work opportunities, enhancing outdoor spaces can significantly boost the overall value of a home.
According to Spacewise contributors, a well-designed patio can add 8-10% to a home’s value and yield an ROI of over 80%. Simply repairing or refinishing an existing patio can achieve an ROI of nearly 500%! So, where should you start when rethinking your outdoor space?
Your outdoor area will be exposed to rain, wind, and extreme temperatures. Protecting your space depends on your location and the specific design elements you choose. For upholstered furniture, consider removable cushions that can be stored during adverse weather. If you include an outdoor kitchen, ensure it’s well-protected.
Local ordinances may restrict the addition of structures like pergolas or gazebos, but you can still protect your space with an overhang. To add visual interest, consider dressing up the ceiling of your overhang with Cedar Renditions™ aluminum siding, which offers the look of cedar without the risk of wood rot.
Increase your return on investment by using durable, weather-resistant materials. Celect™ Cellular Composite Siding is an excellent choice as it won’t warp, sag, or buckle and can withstand harsh weather conditions. Its patented interlocking joints provide a seamless look and are easy to install, even in tight spaces like along a knee or pony wall.
Maximize the usability of your outdoor space by keeping it comfortable throughout the year. In cooler climates, consider adding a heating element. Larger heaters might be too intense and can clash with your design aesthetic. A Kindred Fire Bowl can serve as a visual centerpiece, providing warmth in colder months and a cozy ambiance in warmer months.
Versatility is key in any renovation project to add the most value. For an outdoor kitchen, ensure there is space for guests to sit and enjoy meals. Create natural divisions and focal points with accent elements like Versetta Stone™ Siding, which is easy to install in small spaces or corners. This provides guests with a place to gather and enhances the overall functionality of the space.
Ensure a seamless transition between your indoor and outdoor spaces by reflecting your home’s unique interior style. Trim and mouldings are subtle yet impactful ways to merge interior and exterior aesthetics. Royal PVC Trim is a durable, water-resistant option that won’t crack or warp like wood alternatives, making it suitable for both indoor and outdoor use.
Enhancing your outdoor area not only provides additional livable space but also adds significant value to your home. To maximize your return on investment, protect your project from the elements, choose weather-resistant materials, keep your space comfortable year-round, define separate areas, and ensure a cohesive style with your home’s interior. Then, sit back and enjoy your beautifully improved outdoor space!
