Occasionally we are featured in different real estate related articles in the local media. We also like to keep our buyers and homeowners informed about local city, parish, and state news as well as local events. Check back here often to find out about the local New Orleans area.

5 Things To Do To Turn Your Patio Into a Living Room

An outdoor space should feel like an extension of your house. Outdoor furniture, fabrics and decor can make your outdoor space a place to relax and never want to leave. Sunbrella fabrics give these 5 ways to turn your patio into a living room.Outdoor kitchen area has most everything you need to make a complete meal. All the appliances are stainless steel. There is a tv for entertainment as you cook.

1. Add an Awning for a Retractable Ceiling

Adding an awning will not only shield you from the rain but can also give you a bit of shade. If you want the sun or a view of the stars at night, then a retractable awning is the perfect versatile way to go. Retractable awnings can also make a statement as well as protect you from the harmful UV rays. These retractable awnings come in an array of colors in both solids or stripes and are water repellant, mildew-, mold-, and stain-resistant, and low maintenance.

2. Pick Patterns that Pop

The outdoor living space is the perfect place to try something bold. Mix and match stripes with solids and choose colors that will stand out. Using different patterns and textures can create dimension and visual interest. Matching everything is a thing of the past.

3. Up the Plushness

When you think of a sofa, you think of softness and plushness, a place you want to snuggle up and never leave. A plush place to relax is not only for the living room but can also be used in an outdoor space. To make your outdoor space a comfy and cozy area, use quality cushions along with couches or daybeds. Be sure to choose water repellant and resistant fabrics that are durable. They will dry fast after a quick rain storm and are resistant to mold and mildew.

4. Make Space for Your Favorite Hobbies

Take your favorite activities outdoors such as listening to music, playing board games, reading, or watching the game on a big screen tv. A good idea is to make many mini interest areas. For example, you can make a grilling zone with an outdoor kitchen, a sitting area and a book nook. You want to mix in shading and furniture that is comfortable so you can enjoy your space day or night.

5. Pull it All Together With a Rug

A rug pulls any space together by anchoring your space and creating visual interest. Make sure to purchase an outdoor run that can withstand the outdoor elements. You will want to find a rug that is made of synthetic materials like acrylic, nylon and polypropylene.

Follow these five tips when creating your perfect outdoor space. Have fun and mix it up!

Click Here For the Source of the Information.

The Housing Share of Gross Domestic Product Is Higher in 2022

For the first quarter of 2022 GDP declined at an annual rate of 1.4% causing the housing share to jump up. In fact, reports show an increase of 16.7%. The residential fixed investment (the more cyclical home building and remodeling component) rose to 4.8% of GDP.

Housing and all activities related to housing give to GDP in a couple of ways. The first is through RFI which stands for residential fixed investment. It is effectively the measure of the home building, multifamily development, and remodeling contributions to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees.  The second is the measure of housing services including gross rents (including utilities) paid by renters, and owners’ imputed rent (an estimate of how much it would cost to rent owner-occupied units) and utility payments.

The first quarter of 2022 saw an RFI of 4.8% of the economy which came out to be a $1.18 trillion seasonally adjusted annual pace. The housing services made up 11.9% of the economy which was $2.9 trillion on a seasonally adjusted annual basis. That means the total housing’s share of GDP was 16.7% for the first quarter of 2022.

Click Here For the Source of the Information.

Plans For A New Subdivision in New Orleans East

James Smith of Imperium Estates LLC is a developer which has plans to build a subdivision on 36-acres close to the former Six Flags. The plans include over 116 homes that will be built in several different phases close to the intersection of Interstate 510 and Chef Menteur Highway, just south of the Eastover neighborhood.

“The homes are beautiful,” said Dawn Hebert, chairperson of the East New Orleans Neighborhood Advisory Commission, a group that represents several homeowner and neighborhood associations in the east.

The neighborhood has a few obstacles, including the property’s current zoning. The city’s master plan has the property zoned for an industrial park. Luckily District E Council member Oliver Thomas is backing the idea of changing the zoning to residential. He feels the master plan does not match the needs of New Orleans East development or the wishes of surrounding residents and landowners.

“I just thought it was appropriate in terms of what they wanted to do to fit to where that community was going,” Thomas said. “I haven’t seen or heard of anyone submitting plans for light industrial development out there.”

Herbert explains that the industrial designation for the area was originally placed in 1970. In five decades there has been zero interest or demand for an industrial park.

“I think it’s outdated zoning because, since Katrina, more homes have been built over there,” said Hebert.

“You don’t have a long line of people trying to invest out there,” a neighboring property owner, Robert Charbonnet.

Click Here on the Source of the Information.

Annual New Orleans’ New Year’s Eve Celebration, January 1, 2019

The official New Year’s annual celebration in New Orleans.

Fireworks

French Quarter
New Orleans, LA 70116

January 1, 2019
12am

 

Free Event.

 Click Here for More Information.

Celebration in the Oaks, December, 2018

Enjoy the holiday lights underneath the City Park Oaks in New Orleans.

City Park
1 Victory Ave
New Orleans, LA 70124

December, 2018
Closed November 27, 28, 29, & 30, Christmas Eve and New Year’s Eve.

Monday – Thursday
6pm – 10pm
Friday  
6pm – 11pm
Saturday
5pm – 11pm
Sunday
5pm – 10pm

Admission Tickets: $10/person

Children under 3 and Friends of City Park members: Free.

 Click Here for More Information or Call 504-483-9415.
Click Here to purchase tickets online.