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Texas Demolishes As Best State To Do Business

Texas Demolishes As Best State To Do Business | Texas Coast Real Estate | Scoop.it
For the tenth year in a row, Texas has taken home the blue ribbon for being the best state in the country for business.
Michael Stuart's insight:

Texas is the best state for business and I don’t see anything slow it down - CEO interviewed by Chief Executive Magazine.


The education and quality of eligible employees is excellent right now.  Business is booming and growing quicker and more rapidly in 2014 than any other year.  


Come to Texas, where America is Still Strong.

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North Padre Development Adjacent to New Corpus Christi Schlitterbahn - Labor Day '15 Completion

North Padre Development Adjacent to New Corpus Christi Schlitterbahn - Labor Day '15 Completion | Texas Coast Real Estate | Scoop.it

The North Padre Development Tracts are situated in a prime location on North Padre Island in Corpus Christi, Texas.

The subject site has the only private beach (only pedestrian traffic permitted) in the region with over 1,200 feet of beach frontage. The site is the last remaining beachfront 50+ acre development property available on North Padre Island (Nueces County) and is +/- 1 mile away from the new Schlitterbahn waterpark under construction with a scheduled completion of Labor Day 2015.
 

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Grow Texas: Why Texas is open for business - San Antonio Business Journal

Grow Texas: Why Texas is open for business - San Antonio Business Journal | Texas Coast Real Estate | Scoop.it
In looking at the four largest Texas regions — Houston, Dallas, San Antonio and Austin — each has its own unique features and economic drivers, while all share common threads that make Texas appealing for businesses.
Michael Stuart's insight:

Some of the key drivers are: business friendly environment, quality of life, availability of a skilled talent pool, low cost of living, low tax burden, the absence of a state income tax, a strong diverse economy, and a central location with easy international access.

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Brokerages and Builders Report Soaring Revenues

Brokerages and Builders Report Soaring Revenues | Texas Coast Real Estate | Scoop.it

The end of 2014 proved to be profitable for many brokerages, and the outlook for some builders, and the outlook for some builders in 2015 is also looking rosy. T


oll Brothers Inc., the largest luxury home builder in the country, reported that it has seen its profit surge in the first quarter of this year by 78 percent from higher home sales and prices. Also, the home-builder has upped its full-year delivery and pricing expectations due to increasing home buyer demand.

Michael Stuart's insight:

The key contributors the high-end of the housing market. Looking ahead, the more than 1.6 million new household formations reported by the U.S. Census Bureau last year, which supports an increase in long-term demand for housing.

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South Padre Island - The Shores

South Padre Island - The Shores | Texas Coast Real Estate | Scoop.it

Dennis Franke is counting on a new causeway and an economic upturn to help revive development of his upscale community at the edge of South Padre Island’s promising northern stretch.

Michael Stuart's insight:

A planned 8-mile causeway that would connect near Holly Beach about 1 1/2 miles from the development would help transform the Island’s northern tract, said Franke, whose family helped develop South Padre Island.

“We will probably drive that bridge in five or six years,” he said. “That will be a huge benefit. It will get people excited about building farther north and expand the Island.”

Franke said the nation’s economic recovery would help him complete the project.

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Gulf of Mexico energy industry humming despite low oil prices, could see drilling lull in coming years

Gulf of Mexico energy industry humming despite low oil prices, could see drilling lull in coming years | Texas Coast Real Estate | Scoop.it
Deflated oil prices are forcing companies to shut down drilling rigs in North Dakota and Texas, taking jobs with them as they go. Analysts say the industry outlook is less gloomy for Gulf of Mexico oilfields off the Louisiana coast. At least for now.
Michael Stuart's insight:

Gulf operators are gearing up for a surge in production this year. Oil output from federal waters is expected to hit 1.55 million barrels per day in 2015, on par with the region's 2009 historic high, according to government estimates. Production is expected to jump to 1.65 million in 2016.

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Coastal Living 33 Decorating Secrets for Small Spaces

Coastal Living 33 Decorating Secrets for Small Spaces | Texas Coast Real Estate | Scoop.it

33 Decorating Secrets for Small Spaces

 Create mini spaces with mega style! These top design tips will help you get the most from your square footage and include:
 
•      Reflect the Light

In the master suite of this Kiawah Island, South Carolina, cottage, a mirror with a scalloped frame reflects the light, which makes the tiny space look larger. “I didn’t want it to have a catalog look,” says designer Jamie Meares, “so I blended old and new.” She paired the bed, which has a driftwood feel, with artisan-made lacquered grasscloth nightstands.

•      Create Everyday Art

A 200-square foot Cape Cod cottage’s tiny footprint means that finding space to store all the trappings for a day at the beach was a challenge. Instead of hiding hats, towels, and sunglasses, designer Courtney Fadness designed a nook with built-in shelving using the same reclaimed wood on the walls. “Now, it’s an interesting focal point,” she says. “The open shelving makes its beachy contents feel like colorful sculpture.”

•      Scale it Up

To make the headboard in the master bedroom, designer Blair Gordon enlarged a photograph of an antique French mirror, laser-cut a piece of wood to match the shape, and upholstered it in a large-scale print. “Regardless of how many frills or curves they have, antique shapes with an exaggerated scale feel modern,” Blair says. “Plus, big statements make small rooms feel more spacious.” Nailhead trim not only echoes the detailing of the side tables but also highlights the headboard’s oversize, dramatic silhouette.



see coastalliving.com

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Texas energy companies cutting jobs and spending due to oil prices

Texas energy companies cutting jobs and spending due to oil prices | Texas Coast Real Estate | Scoop.it

U.S. oil prices have fallen from more than $100 a barrel in July to less than $50 a barrel today.

As such, production rigs are being removed, jobs are being eliminated en masse, and energy companies are dramatically slashing their capital spending budgets for 2015.

Big energy companies are making cutbacks, while struggling smaller companies are considering bankruptcy options and more.

Most of the hardest-hit companies thus far are the exploration and production companies, the integrated oil companies and the oilfield services.

Michael Stuart's insight:

Spending down, income up - people are saving.


The U.S. is benefitting from lower gas prices at the pump, but that has not yet translated to a spending boom as consumer spending fell 0.3 percent in December

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2015 Forecast: Gains Ahead

2015 Forecast: Gains Ahead | Texas Coast Real Estate | Scoop.it
Continued economic growth and more reasonable lending standards could unleash pent-up demand for home sales.
Michael Stuart's insight:

Sales will be bolstered by the expected return of more reasonable mortgage underwriting standards that were in place prior to the housing boom. This shift by lenders will help soften the impact of gradually rising interest rates, which NAR expects to top out just below 5 percent this year. If interest rates defy expectations and remain close to where they are currently, this will be another boost to housing sales, says NAR Chief Economist Lawrence Yun.

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Newly completed pipelines to carry more Canadian oil to Gulf Coast

Newly completed pipelines to carry more Canadian oil to Gulf Coast | Texas Coast Real Estate | Scoop.it
Canada's Natural Resources Minister is in Texas to celebrate the opening of two new pipelines that will increase the flow of Alberta crude to the U.S. Gulf Coast.
Michael Stuart's insight:

The Seaway pipeline, with a capacity of 850,000 barrels per day, funnels some of the crude from Flanagan South from Cushing to the Texas coast.

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What thrived and dived during the Texas coast recession?

What thrived and dived during the Texas coast recession? | Texas Coast Real Estate | Scoop.it

What thrived during the Texas coast recession is a story how two developers came out smelling like a rose.


Lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012, and a testimony to enduring value.


At TexasGulfCoastOnline.com we have a criteria list we use to determine the rare and remarkable projects on the Texas coast.


Here is how we pick them:

  • The properties being built, as well as the location, have to be rare and unique.
  • The owners and developers of the projects must be reputable and solidly financed.
  • An impressive amenities package must be offered both in the individual homes as well as the community – and must exceed what is already available in the local area.
  • A good marketing plan and sales operation team must be in place to ensure the project’s success.
  • The project must not have major erosion and insurance issues.
  • The project should have energy efficient and storm resistant features.
  • The project design and price range should fit with the buyer profile for the area, and its surrounding properties.
  • The project and personnel must be in good standing with the local community.
  • The project must have sound market fundamentals such as rental income vs. price and supply vs. demand, predicting a safe investment.


The only two high-end developers and their projects that thrived during the hard times:


The projects that didn’t do so well and why :
  • Laguna Harbor, Port Bolivar – highly leveraged | project stalled
  • Biscayne, Crystal Beach – lack of interest by owner | project stalled
  • Beachtown, Galveston – east side location price mismatch | project stalled
  • Palisade Palms, Galveston – east side location price mismatch | auctioned
  • Emerald By Sea, Galveston – highly leveraged | bank owned
  • Diamond Beach, Galveston- highly leveraged | bank owned
  • Point West, Galveston – detached ownership and remote location | project stalled
  • Palmilla Beach Resort and Golf Club, Port Aransas - detached ownership, golf course | project stalled
  • Sapphire South Padre – highly leveraged | bank owned
  • South Padre Island Golf Club – detached ownership, golf course | project stalled


Projects that completely failed and the main reasons why:

  • Avocet, Crystal Beach – lacked leadership and highly leveraged
  • Sanctuary at La Costa Grande, Port Lavaca – detached ownership, remote location and marketing gimmicks
  • Tortuga Dunes, Mustang Island – federally uninsured location in CBRA zone
  • Pirates Cove, Port Isabel – priced too high for location


Winning High-end Real Estate Project Takeaways
  • Great development leadership
  • Good location / value
  • Solid Market Fundamentals
  • Strong Financial Backing
  • Commitment to local community
  • High-rises & Inclusive Resorts

Losing High-end Real Estate Project Takeaways

  • Inexperienced developer
  • Location price mismatch
  • Problem with Market Fundamentals
  • Highly leveraged project
  • Environment issue
  • Coastal Golf courses
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High Court Makes It Easier for Borrowers to Walk Away from Underwater Homes

High Court Makes It Easier for Borrowers to Walk Away from Underwater Homes | Texas Coast Real Estate | Scoop.it

The U.S. Supreme Court ruled that borrowers looking to rescind their mortgages simply need to notify creditors in writing of their intention to rescind within three years under a key fair lending law.

Michael Stuart's insight:

This ruling could make it much easier for borrowers to walk away from their underwater homes.


http://www.law360.com/realestate/articles/602462/breaking-high-court-backs-homeowners-right-to-rescind-mortgages

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Average Time to Build a House: 6 Months

Average Time to Build a House: 6 Months | Texas Coast Real Estate | Scoop.it
The time it takes to build a house in the U.S. varies by year and region. Experts ponder what factors have the biggest impact on construction.
Michael Stuart's insight:

The census numbers bear this out—with build times consistently longest in the Northeast and shortest in the South with the Midwest and West somewhere in between.

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Can SimpliciKey Connect Handle Vacation Rentals by Owner on the Texas coast?

Can SimpliciKey Connect Handle Vacation Rentals by Owner on the Texas coast? | Texas Coast Real Estate | Scoop.it

Building upon the award-winning SimpliciKey Remote Control Electronic Deadbolt's three easy modes of entry—keyfob, keypad, and standard key—SimpliciKey Connect uses KeyCloud technology to provide remote locking or unlocking of the deadbolt without being at the home.


Add and delete codes remotely, whenever and wherever you are, to give or deny access to those you desire when you are not home.

Michael Stuart's insight:

Home automation just got simpler with SimpliciKey Connect powered by KeyCloud™ technology. Lock and unlock your door from anywhere in the world using your smartphone or computer.


Add and delete codes remotely, whenever and wherever you are, to give or deny access to those you desire when you are not home.


View the history so you can know exactly when someone entered or exited your home. Set rules so you can have your doors lock at a certain times every night or whatever days you desire.


Cancel the rule from wherever you are. This is empowerment!

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Construction booms across Port Aransas

Construction booms across Port Aransas | Texas Coast Real Estate | Scoop.it

Construction continues to steam along in Port Aransas. City records show  development moving at a brisk rate.

Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”.

Many buyers are longtime Port Aransas residents who see a strengthening economy happening all around them.“ They see prices going up and figure, if we’re going to buy something else, we’d better do it now.”

  • The Port Aransas real estate market is growing increasingly attractive to the San Antonio market. The South Padre Island market still is strong, but it’s not as attractive to San Antonio as it used to be. “You can’t go have fun in Mexico, because it’s not safe,” Lorette said.
  • Another Port Aransas growth factor lies in the fact that more and more people are moving to Texas and discovering Port Aransas. And many Houston area residents decided they like Port Aransas after visiting Mustang Island instead of Galveston in the wake of Hurricane Ike, which struck the northern Texas coast in 2008.
  • Port Aransas is attractive partly because it still contains relatively inexpensive property that’s close to the beach, compared to Florida, California and other coastal locations around the U.S.

Oil money is a big part of what’s driving the market, both directly and indirectly. Across South Texas, Eagle Ford shale gas and oil drilling has produced billions of dollars in wealth in the past several years. Many who have profited from the frenzied drilling are just now finding the time to take some time off and spend some serious time in Port Aransas.

Customers coming from Austin and San Antonio, that whole area,” said Harris, owner of Bay Area Title and Brite Star Construction. “They love Port Aransas, and they want to be in Port Aransas. We’ve seen a huge increase in traffic looking to buy property.” People see Port Aransas real estate as a safe investment, he said.

  • “It’s an investor’s dream, because you can use it part of the time and rent it when you’re not here,” Harris said.
  • Most new owners of short-term rental properties in Port Aransas never have to dip into their existing funds to make mortgage payments because rental income takes care of it, he said. Harris said he knows some folks who are a year ahead on payments right now.

The development firm of Koontz McCombs began construction on Village North, a residential development planned within the newly named Newport Dunes at Palmilla Beach golf course.

Further south down The Island Road, construction is underway on Two Town Center, a 15-unit condominium at the popular Cinnamon Shore development, said Lee Ann Peters, sales director at Cinnamon Shore.

Eighteen single-family homes also are under construction at Cinnamon Shore, Peters said.  A $1 million community swimming pool complex opened last spring at Cinnamon Shore. It’s the development’s second such pool.

Via http://www.portasouthjetty.com/news/2013-05-30/Front_Page/Construction_booms_across_Port_Aransas.html

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Boomers Homes Are Again Their Castles

Boomers Homes Are Again Their Castles | Texas Coast Real Estate | Scoop.it

A new study looks at the relationship older Americans have with their homes, and finds some surprises.  a new survey and report sponsored by Merrill Lynch finds that a broad cross-section of older Americans are eagerly looking forward to new adventures and, especially, freedoms, in their later years.


According to the study, nearly two-thirds of retirees say they are now living in the “best home of their lives” and making active efforts to create living spaces that match their new retirement lifestyles. Nearly as many say they are likely to move during their retirement years, and most of this group has already relocated once.

Michael Stuart's insight:

Only one in six retirees who moved last year wound up in a different state, emphasizing the strong attachments that boomers have to their existing communities.


Among future retirees, 60% say they expect to stay in their current state while 40% want to explore other parts of the country.

From their 60s to their late 70’s, people “think of this as a great time and a time of great freedom.


That fits the new communities on the Texas coast to a tee!

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6 Jobs You Can Do Anywhere

6 Jobs You Can Do Anywhere | Texas Coast Real Estate | Scoop.it

There are some remote jobs that can be accomplished anywhere with Internet access (Texas Coast).

Michael Stuart's insight:

Corpus Christi, Port Aransas and Galveston are ideal beach virtual workplaces or inspiration and innovation.

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Some Port Aransas residents see spike in electric bills

Some Port Aransas residents see spike in electric bills | Texas Coast Real Estate | Scoop.it

Residents in Port Aransas have noticed a rise in their monthly electric bills.Doris Scoville saw her electric bill rise from $205 one month to $457 

Michael Stuart's insight:

Other residents in Port Aransas have complained about the same thing. Add-on fees?


Video: http://www.kristv.com/clip/11133995/some-port-aransas-homeowners-unhappy-about-rising-electric-bills

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This Week In Energy: Is Oil Back?

This Week In Energy: Is Oil Back? | Texas Coast Real Estate | Scoop.it

Oil Prices are flirting with a rebound, poised to jump the most in four years for the week ending on February 6. The markets do not know what to make of the current pricing situation, as volatility is also at a multi-year high.


But major capital expenditure cuts from the big boys – billions of dollars are set to be slashed by ExxonMobil (NYSE: XOM), Royal Dutch Shell (NYSE: RDS.A), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), and BP (NYSE: BP) – are signaling that the bottom is coming into view.


Michael Stuart's insight:

Rig counts also continue to slide at a rapid clip. Oil prices took a pause mid-week, erasing much of their 19% gain after the EIA reported that oil inventories were at an 80-year high. But WTI and Brent posted further gains to close out the week, providing some serious evidence that a rally could be in the making.

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Seven amazing, surprisingly affordable beach destinations - USA TODAY

Seven amazing, surprisingly affordable beach destinations - USA TODAY | Texas Coast Real Estate | Scoop.it
It seems like winter's allure disappears with the holidays, right?
Michael Stuart's insight:

5. South Padre Island, Texas

This island, reachable from the Texas mainland via Route 100, is wildly popular during spring break, mostly because it's so cheap.


Co-eds from various Southern colleges flock to its beaches every March, and South Padre hosts a massive annual spring break shindig -- complete with DJs and crowds of nearly 20,000.


Families can also find plenty to do here (there's dolphin watching, water parks, kiteboarding, sailing and plenty of inexpensive dining options) but the island's main focus, particularly during the spring, is on providing booze-fueled parties for rowdy 20-somethings.


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Is Gossip Ruining Your Property Value? | Renovat'd Blog

Is Gossip Ruining Your Property Value? | Renovat'd Blog | Texas Coast Real Estate | Scoop.it
Building a positive perception of your community and neighborhood is key in growing real estate and property value.
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Best Home Improvements to Increase the Value of Your Home: 45 Experts Weigh In

Best Home Improvements to Increase the Value of Your Home: 45 Experts Weigh In | Texas Coast Real Estate | Scoop.it
A survey of 45 experts and 113 prospective home buyers, to find the best home improvements to make in order to increase the value of your home.
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Free App Friday: 5 Home Improvement Tools For Putzers And Pros Alike

Free App Friday: 5 Home Improvement Tools For Putzers And Pros Alike | Texas Coast Real Estate | Scoop.it
Whether you have no business even owning tools or you dream in blueprints, there's a house-augmenting app for everyone.
Michael Stuart's insight:

1. Make sure Houzz Interior Design (Android, iOS) has a spot in your collection.

The app merely features ideas by way of some four million photos of rooms in houses that are far nicer than yours, along with products to buy, ideabooks to flip through and project articles to read.


2. If you want to paint before actually painting

Take Paint Harmony (Android, iOS) for a spin. You take a photo of the room you're looking to recolor and the app lets you slap a virtual coat of paint on the walls.


3. If you're tackling a big remodel

Load up PlanGrid (Android, iOS). The app stores all your blueprints, letting you create punchlists and track issues room by room. You can attach photos to each room, along with accompanying descriptions of what needs to be done (or fixed).


4. If you want to lighten your tool belt somewhat

Multi Measures (Amazon, Android) might do the trick. The app sports 12 measurement tools, including a compass, a sound meter, a stopwatch, and even a vibration-sensing seismometer.


5. If you know better than to do it yourself

Use Smith (Android, iOS) to hire someone who knows what the hell they're doing. You snap a few photos or shoot some quick video of the work you need done, and the service collects bids from pre-screened contractors.

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Schlitterbahn closer to opening in Corpus

Schlitterbahn closer to opening in Corpus | Texas Coast Real Estate | Scoop.it
Schlitterbahn Waterparks is lining up financing for a waterpark on Padre Island in Corpus Christi now that the city council there has approved a $117.2 million tax incentives plan for a 574-acre development featuring a Schlitterbahn park. While permitting and infrastructure improvements for the Corpus Christi development are moving forward, Jeffrey Siebert, a Schlitterbahn spokesman, said the company could not discuss details of its facility until its financing has been approved.
Michael Stuart's insight:

Initial reports said it would be a $41 million park capable of handling at least 3,000 visitors. Interim Corpus Christi Assistant City Manager Toby Futrell said Schlitterbahn hoped to open the park's first phase next summer. A second phase may follow.

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Renting Less Affordable than Buying Except for where Millennials Are Moving

Renting Less Affordable than Buying Except for where Millennials Are Moving | Texas Coast Real Estate | Scoop.it
Last week, housing-data giant RealtyTrac® released an analysis of fair market rents and median home prices in more than 500 U.S. counties, which shows that
Michael Stuart's insight:

This applies to anyone who moves a lot. Home ownership needs a long term view.


Investing in homes is a different story and is only for those who can afford to make the payments without steady income.

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A Family Lives in 675 Square Feet – the luxury of less

A Family Lives in 675 Square Feet – the luxury of less | Texas Coast Real Estate | Scoop.it

The luxury of less – 675 square feet might seem awfully small for a family of three — but this couple and their son are making it work, thanks to some clever renovations.

Here are the small-space solutions that make this 675 square foot apartment livable, and these same principles apply to the small condos and homes on the Texas coast as well.

After a four-month renovation, the space has been completely transformed. Minimal detailing and lots of white make for a spacious feel, and plenty of small-space solutions make this small footprint work for four people.

  • In the master bedroom, a Murphy bed folds into the wall when not in use. A sliding door between the master bedroom and the living room means that the two spaces can be connected during the day, effectively doubling the size of the living area.
  • In the second bedroom, bunkbeds fold into the wall to keep the floor area free for playing — and plenty of built-in storage ensures that there’s room for a crib for a soon-to-be new addition.

LifeEdited, a firm started by TreeHugger founder Graham Hill, consults and works with developers to create small living spaces. Its website proclaims that it’s dedicated to showing you how to “design your life to include more money, health, and happiness with less stuff, space, and energy.” “We practice what we preach,” says Friedlander proudly. People usually try to fit their old furnishings into a new space, but, says Schmidt, “We fit ourselves into the space.” She shows off half-empty drawers in their compact kitchen, which is lined with cabinets from Ikea and filled with Fagor appliances designed for small spaces. But the kitchen feels elegant thanks to a Calacatta Borghini marble countertop and backsplash from Ann Sacks, which is honed, not polished, she stresses, because honed marble wears better. The small bathroom is also given a luxe treatment, with marble tiles and floors and Kohler appliances. Another splurge was the wide-planked European oak floors.

They were able to make these expensive choices partly because the spaces were small and didn’t require a lot of any one material. And, since the apartment cost so much less than the one they had originally planned to buy, they were able to rationalize their spending.

Their home is all about “the luxury of less.” 

This is a 500 square foot home on the Texas coast, hurricane resistant and elevated 25ft above sea level

Via dwell.com/house-tours/article/tiny-streamlined-home-fit-family

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