Building a Strong Financial Foundation: Maximizing Home Equity

Businessman presses a calculator on a desk with notebooks

Welcome to the comprehensive guide on building a strong financial foundation by maximizing home equity. In this article, we will delve into the concept of home equity and explore various strategies to make the most of it. Home equity is a valuable asset that represents the difference between your property’s market value and the outstanding balance on your mortgage. By understanding how home equity works and leveraging it wisely, you can unlock a range of financial opportunities that can help you achieve your goals. So, let’s dive in and explore the world of home equity.

Understanding Home Equity: An Introduction

What is Home Equity?

Home equity is like that extra cash you find in your coat pocket—it’s the value you’ve built up in your home over time. Put simply, it’s the difference between your home’s market value and the amount you still owe on your mortgage.

How is Home Equity Calculated?

Calculating home equity is as easy as pie—just subtract your outstanding mortgage balance from your home’s current market value. For example, if your home is worth $300,000 and you still owe $200,000 on your mortgage, your home equity would be $100,000.

The Difference Between Market Value and Home Equity

Market value is what your home would sell for on the open market, while home equity represents the portion of the home you actually own—think of it as your own personal stake in the property. As you pay down your mortgage and your home’s value appreciates, your equity grows.

The Benefits of Building Home Equity

Increased Net Worth

Building home equity is like watching your piggy bank grow. As your equity increases, so does your net worth. It’s like getting a raise without having to fill out any paperwork.

Access to Low-Interest Financing Options

When you have a solid amount of home equity, you can tap into it for low-interest financing options. This can be particularly helpful for big-ticket expenses like home renovations or funding your kids’ college education.

Potential for Profit with Real Estate Appreciation

Real estate can be a savvy investment. As your home’s value increases over time, so does your equity. If you decide to sell, you might just walk away with a tasty profit. Remember, though, that housing markets can be unpredictable, so don’t count those chickens before they hatch.

Strategies for Maximizing Home Equity

Making Extra Mortgage Payments

Throwing a little extra money at your mortgage each month can shave years off your loan term and help you build equity faster. It’s like getting a head start in the race to home ownership.

Home Improvement Projects

Upgrading your home not only makes it a more enjoyable place to live but can also boost its value. Whether it’s a kitchen remodel or adding a fresh coat of paint, these improvements can increase your equity.

Renting out a Portion of Your Property

If you have some extra space, why not put it to good use? Renting out a portion of your property, like a basement or spare room, can generate extra income that can be used to pay down your mortgage or invest in other wealth-building opportunities.

Leveraging Home Equity for Financial Opportunities

Home Equity Loans

A home equity loan is a way to borrow against the equity you’ve built up in your home. It’s like tapping into your home’s savings account. These loans typically have fixed interest rates and are useful for financing larger expenses, like home renovations or debt consolidation.

Home Equity Lines of Credit (HELOC)

A HELOC is like having a credit card with your home as collateral. You can borrow against your home equity as needed and only pay interest on the amount you’ve borrowed. It’s a flexible option for managing ongoing expenses or unexpected costs.

Cash-Out Refinancing

With cash-out refinancing, you’ll replace your existing mortgage with a new one for a higher amount than you currently owe. The difference between the two amounts is given to you in cash, which you can use for anything you’d like. Just be careful not to overextend yourself and end up owing more than your home is worth.

Remember, building home equity takes time, patience, and responsible financial management. But by maximizing your home equity, you can lay a solid foundation for your financial future and unlock a world of possibilities. Now go forth and build that equity empire!

Factors to Consider Before Tapping into Home Equity

Assessing Your Financial Goals

Before dipping into your home equity, it’s crucial to assess your financial goals. Are you looking to pay off high-interest debts, fund a major expense, or invest in a new business venture? Understanding your objectives will help you determine if tapping into your home equity is the right move for you.

Evaluating the Risks and Potential Consequences

While accessing your home equity can provide much-needed funds, it’s essential to evaluate the risks and potential consequences. Consider factors such as interest rates, repayment terms, and the possibility of a housing market downturn. Be realistic about your ability to repay the borrowed amount and weigh the potential impact on your financial stability.

Understanding the Tax Implications

One often overlooked aspect of tapping into home equity is the tax implications. Depending on your jurisdiction, there may be tax benefits or consequences associated with using your home equity. Consult with a tax professional to understand the specific tax implications in your situation before proceeding.

Protecting and Growing Your Home Equity

Maintaining and Improving Your Property

To safeguard and enhance your home equity, it’s important to maintain and improve your property. Regular maintenance and upgrades not only make your home more enjoyable but also increase its value over time. By taking care of your property, you’ll be protecting your investment and maximizing your home equity.

Regularly Reviewing and Adjusting Your Mortgage

Monitoring your mortgage is another key aspect of protecting your home equity. Keep an eye on interest rates and market conditions, and consider refinancing if it makes financial sense. Reviewing your mortgage regularly allows you to optimize your repayment terms and potentially save money in the long run.

Diversifying Your Investment Portfolio

While home equity is an asset, it’s important not to put all your eggs in one basket. Diversifying your investment portfolio can help mitigate risk and provide alternative avenues for growing your wealth. Consider exploring other investment opportunities such as stocks, bonds, or real estate to ensure your financial foundation is strong and well-rounded.

Common Mistakes to Avoid when Managing Home Equity

Overborrowing and Overleveraging

One common mistake homeowners make is overborrowing and overleveraging their home equity. It’s crucial to borrow only what you can comfortably repay and avoid stretching yourself too thin financially. Taking on excessive debt can jeopardize your financial stability and put your property at risk.

Neglecting Regular Property Maintenance

Failing to maintain your property can have a detrimental effect on your home equity. Neglected repairs and deferred maintenance can lead to a decrease in your home’s value. Stay on top of routine maintenance tasks and address any issues promptly to protect the integrity and value of your property.

Failing to Monitor Market Conditions

Market conditions can significantly impact your home equity. Failing to stay informed about changes in the housing market can leave you vulnerable to unexpected drops in property values. Keep an eye on real estate trends and seek professional advice when necessary to make informed decisions regarding your home equity.

The Future of Home Equity: Trends and Predictions

Emerging Technologies and Home Equity

As technology continues to advance, we can expect to see innovative ways to tap into and manage home equity. From digital platforms facilitating home equity loans to smart home devices that enhance property value, emerging technologies are likely to shape the future of home equity.

Shifting Demographics and Homeownership

Demographic shifts, such as changing population dynamics and evolving preferences, can impact homeownership and home equity trends. Factors like urbanization, aging population, and shifting household structures may influence the demand for housing and subsequently impact home equity values. Staying informed about changing demographics can provide valuable insights for managing and maximizing your home equity in the future.

Building a strong financial foundation through maximizing home equity is a smart and strategic approach to managing your wealth. By understanding the concept of home equity, exploring effective strategies, and avoiding common pitfalls, you can position yourself for long-term financial success. Remember to regularly assess your goals, monitor market conditions, and protect your property investment. Whether you choose to tap into your home equity or let it grow, make informed decisions that align with your financial objectives. With careful planning and wise utilization of home equity, you can pave the way towards a brighter financial future.

THIS WEEKEND IN CHICAGO – It’s a Supercharged Weekend!

Gridiron football ball with Super Weekend lettering and american flag

This February weekend is supercharged with many different events celebrating Mardi Gras, Valentine’s Day, and more.  In fact, we may be hard pressed to enjoy them all but let’s give it our best shot!

First up, it’s the return of the Chicago Auto Show now through February 19th at McCormick Place (2301 S. Lake Shore Dr.) in the South Loop.  This year’s exhibits will display nearly 1,000 different vehicles ranging from domestic and imported passenger cars and trucks to electric cars, sport utility vehicles, experimental or concept cars, antique/collector cars, and many others.  In addition, numerous accessories and auto-related exhibits will be on hand as well along with a special themed day on Sunday — “Game Day” in celebration of the “Big Game.”  Just wear your favorite professional or college sports team apparel for a $5 discount on the admission fee.  Also, on Sunday (8 a.m.) is the Toyota Miles Per Hour Run where runners can experience the auto show with a unique one hour run spanning approximately 2.4 miles inside McCormick Place before it opens to the public.  Plus, special appearances take place every day as well.  It’s the largest car show in North America and not to be missed!

Secondly, you can welcome in the Year of the Dragon at Navy Pier’s Aon Grand Ballroom (600 E. Grand Ave.) in the Streeterville neighborhood this Saturday (1 p.m.-5 p.m.) at its Global Connections: Lunar New Year.  This year’s traditional Chinese festivities include lion dances, local performers and artists, traditional and contemporary music performed by Chicago’s leading musicians, food and drink from local restaurants and food vendors, and much more.  It’s a festive, interactive, and family-friendly event welcoming the arrival of spring and the beginning of a new year on the lunisolar calendar!

Next, there’s the Swedish-inspired Fika Fest hosted by the Swedish American Museum (5211 N. Clark St.) in the Andersonville neighborhood where a variety of local businesses offer discounts and specials as well as two other events taking place.  Saturday is the Coffee and Hot Cocoa Crawl from 10 a.m. to 1 p.m.  At check in, attendees will receive a commemorative Andersonville mug and a route card to explore specialty offerings such as coffee, hot cocoa, bakery items, and more.  Then on Sunday, the Great Andersonville Puzzle Exchange takes place from 11:30 a.m. to 2:00 p.m. where attendees are encouraged to drop off puzzles during check in.  Plus, the first annual Puzzle Throw-Down will take place where pre-selected contestants will have to complete a secret puzzle the fastest to become the winner.

Bring your game face to the Big Game Watch Party this Sunday (5 p.m.-10 p.m.) at the Punch Bowl Social (310 N. Green St.) in the West Loop.  Besides watching the game and grabbing some game day swag, other highlights include enjoying exclusive drink specials, Big Game themed cocktails and shots, playing Big Game Bingo to win prizes, and much more!

Welcome to Super Bowl LVIII!where the NFC Champions the San Francisco 49ers will face off against the AFC Champions the Kansas City Chiefs, who are vying for their second consecutive Super Bowl title and third championship in five years, at Allegiant Stadium in Las Vegas this Sunday.  Can’t afford a ticket to the actual game?  It will be televised on CBS at 5:30 p.m. (CT) with a halftime performance by Usher.

Sue Moss and Dean’s Team Chicago

Neighborhood News: Treat your Galentine/Valentine to Chicago’s Theatre Week!❤️

Opera, Theatrical Performance, Stage

The Goodman. The Nederlander. Steppenwolf. Chicago’s renowned theatre scene needs no more than a single word to signify excellence! Once a year, the League of Chicago Theatres, along with Choose Chicago, sponsors the 12th Annual Chicago Theatre Week, February 8-18.

As their website notes, it’s a week when you can experience the thrill of live theatre and the awe-inspiring work of Chicago theatres for just $15 or $30 (or less!). Chicago Theatre Week features value-priced tickets to performances at theatres across the city, from musicals to improv to dramas and beyond.

Amazing Performances

For example, Emmy Award-winner Dana Delany (China Beach, Desperate Housewives) stars in Highway Patrol“part love story, part ghost story—crafted from hundreds of tweets and DMs,” at the Goodman Theatre, 170 N. Dearborn. 

Or, Drunk Shakespeare, which asks, “To Beer…or not to Beer?” Five professional actors meet as members of The Drunk Shakespeare Society. As the website notes, one of them has 5 shots of whiskey and then attempts to perform a major role in a Shakespearean tragedy. Laughter ensues! See it at The Lion Theatre, 182 N. Wabash Avenue.

For something completely different

At the Neo-Futurist Theater, 5153 N. Ashland Avenue. 𝑺𝑾𝑰𝑻𝑪𝑯𝑩𝑶𝑨𝑹𝑫 is a Neo-Futurist puppetry show about the S.S. Eastland disaster. The S.S. Eastland was a passenger ship commissioned to transport Western Electric laborers and their families to a company picnic on July 24, with tragic consequences.

The wildly popular Blue Man Group performs at the Briar Street Theatre, 3133 N. Halsted. Blue Man Group is comedy, theater and rock concert all rolled into one, as three bald and blue men explore our world. “Together,” promises The League of Chicago Theatres, “We’ll discover music, laughter and surprises at every turn!”

Not to be outdone, Teatro ZinZanni at the Spiegeltent – Cambria Hotel, 32 W. Randolph, presents “a spectacle of unforgettable performances, sumptuous cuisine, and premium entertainment!”  Love, Chaos, & Dinner returns…maybe take your Valentine?

Comedy Tonight

The Armando Diaz Experience at iO Theater, 1501 N. Kingsbury Street, is Chicago’s longest-running Improv comedy show. Every week, a new special celebrity guest tells real-life stories about their personal life, career, and times when dreams (or nightmares) came true — then, a cast of Chicago’s most veteran improvisers perform an unscripted two-act show based on those same tales. Past special guests include: Tim Baltz, John Lutz, and Michael Patrick Thornton! This show was invented at iO in 1995 and has been running ever since.

Musicals

Porchlight Music Theatre at Ruth Page Center for the Arts, 1016 N. Dearborn Street, presents the 90th anniversary production of Cole Porter’s smash-hit musical comedy, Anything Goes starring the Chicago-based Meghan Murphy as “Reno Sweeney.” Launching Porchlight’s 29th season, this legendary toe-tapping voyage across the Atlantic is filled with laughs, romance, intrigue and, of course, lots of tap dancing in this farcical and merry musical classic.

Dinner First? Or After?

Check out special dining offers during Chicago Theatre Week in partnership with Chicago Restaurant Week.

For a complete list of shows, click here

Alison Moran-Powers and Dean’s Team Chicago

Restaurant Review: Celebrate the Year of the Dragon at River North’s Sunda

Happy chinese new year 2024 the dragon zodiac sign

Happy New Year (again) from Dean’s Team Chicago!  Chinese New Year arrives on Saturday, February 10, and in honor of the Year of the Dragon, we’re featuring Sunda, which, according to their website, “celebrates the beautiful blend of cultures found on the Sunda Shelf, a landmass, today submerged under shallow seas, that was once surrounded by the many different countries and cultures we celebrate at Sunda today like Japan, the Philippines, Indonesia, Thailand, China and more.”

The brainchild of restauranteur Billy Dec, CEO of Rockit Ranch Productions, Sunda has been described as a “A large, bustling pan-Asian funhouse, Sunda is a trendy place to be seen as much as it is a place to dine. The sprawling, chic dining room boasts high ceilings, an earthy color palette, polished bamboo, and carved stonework housing plenty of beautiful people.”

Sounds like a perfect place to spend New Year’s…right?

From February 1-29, Sunda is featuring Lunar New Year Specials, including CUMIN LAMB DUMPLINGS served with pickled mustard greens, ginger vinaigrette, and a chili crisp. Or their SEAFOOD LO MEIN…a crispy scallop and shrimp, pea pods, with carrots, water chestnuts, shiitake mushrooms, and xo sauce. PAN SEARED RAINBOW TROUT  is served with mustard greens, salted black bean sauce, scallions, and radish. 

And for the year ahead, end the meal with LUCK AND WEALTH cookies and oranges, a symbol of good luck and prosperity in Asian culture. As LinkedIn relates, the bright, juicy citrus fruit carries a deep cultural significance.

That said, their regular dinner menu is full of tasty flavors, starting with a SPICY EDAMAME, with garlic butter and chili salt. Or, SEAWEED SALAD with wakame, local greens, tomatoes, cucumber, ponzu, and sesame. STREET CORN, Asian-style, has grilled corn, sambal coconut cream, kewpie mayo, toasted coconut, and mixed herbs.

Dinner entrees could include ANGRY HIRAME-flounder, shaved scallion salad, daikon sprouts, sesame, honey, and gochujang vinaigrette. YELLOWTAIL JALAPEÑO is served with mixed  cilantro, garlic, and yuzu ponzu. I’m all in for their TUNA TRUFFLE PIZZA with roti prata, black truffle, foie gras aioli, red onion, and truffle vinaigrette. PANCIT CANTON  has crispy pork belly, lap cheong, shrimp, carrots, cabbage,  bok choy, scallions, and cantonese sauce. LONGEVITY CRAB NOODLES  are lump crab, bathed in garlic butter, with toasted garlic and scallions. CHAP CHAE has sweet potato noodles, spinach, mushrooms, carrots, cabbage, scallions, tofu, and sesame.

Google reviews were ecstatic. 

“Dancing through the flavors of Asia!!!!” exclaimed one. “Sunda Chicago has a mission, and that’s to promote Asian cooking culture to the world their way. From the moment you enter, you’re taken away by the lively atmosphere. Lucky for us, we had NATE as our server, who literally took what we liked and made us our menu. Nate truly enjoyed picking our drinks, apps, entrees, and desserts. Run don’t walk to Sunda Chicago.”

“If you like sushi and Asian food, you’ve got to try out Sunda! They have happy hour 4pm to 6pm got some hand rolls and apps for $6 each. The pork belly was my favorite. It comes with garnish that is actually kinda delicious. There’s some kind of vinegar dressing in there.

The atmosphere was ambient with good music goi ng. Would definitely come here again.*

Sunda is located at 110 W. Illinois Street. They’re open for dinner Monday-Thursday, 4pm to 10pm, Friday & Saturday, 4pm to 11pm, and Sunday, 4pm to 10pm. Weekend Brunch is Saturday & Sunday, 11am to 2pm. For reservations, click here.

Alison Moran-Powers and Dean’s Team Chicago

Chicago Home and Lifestyles – Lower cortisol and reduce stress

Stress level conceptual meter indicating maximum

Cortisol is a hormone that plays a vital role in the human body. Produced by your adrenal glands, it regulates metabolism, reduces inflammation, assists with memory formulation, and manages stress. When you are in a dangerous or frightening situation the body releases more to prepare you to deal with or avoid the situation. Unfortunately, sometimes our bodies don’t return to normal, and we are in a state of constant stress. 

This stress can be very debilitating causing a long list of chronic ailments. Disrupted sleep, anxiety, muscle weakness, impaired memory, frequent colds and irritable bowel syndrome are just a few symptoms of chronic stress. Overproduction of cortisol can interfere with other hormone processes in the body—like metabolism, immunity, and reproductive systems—and end up contributing to more serious health consequences. Loss of libido and irregular or missed periods can be caused by high cortisol levels interrupting proper hormone production. Mental health issues can also be a serious complication caused by high cortisol levels. Anxiety and depression can lead to dependence on drugs and alcohol to cope. 

But there are ways to decrease your stress and cortisol levels. Here are a few:

Sufficient rest. Try to get some sleep! At least one third of adults don’t get enough. Sleep deprivation decreases our ability to regulate and manage stress. 

Regular exercise. Breaking a sweat is a stress buster. You need 30 minutes of moderately intense activity most days. A brisk walk is good, as is dancing or yoga. It helps with sleep and releases endorphins. 

Meditative practices. Deep breathing and progressive muscle relaxation can lower cortisol levels. Yoga and tai chi divert stress to relaxation and can lower your blood pressure. 

Learning your stressors. Be aware when you are having a stress response not related to immediate danger. It’s difficult for your body to distinguish between a real threat or long-term stress from a job loss. 

Hobbies. Try to find a hobby that can distract you in a healthy way. Artistic activities in particular are highly therapeutic for stress management. Drawing, dancing, and playing an instrument can promote positive feelings and reduce cortisol levels. 

Community. Strong social connections are crucial for stress reduction. Set healthy boundaries for mental well-being. You have the power to choose those you surround ourselves with!

If needed, see a doctor. When stress starts to affect your relationships, health, and overall quality of life, a doctor can provide actionable solutions.

Stress is a normal biological response and a part of life, so it shouldn’t alarm you to experience it on occasion. However, let’s make sure we keep our stress under control and in its place.

Kathleen Weaver-Zech and Dean’s Team Chicago

Designing Tomorrow: Discover the 5 Key Trends That Will Transform Interiors in 2024

Modern wooden bathroom in white and beige tones with freestanding bathtub and bamboo wall.

As we move towards the future, the world of interior design is undergoing a remarkable transformation. In the quest for innovative and inspiring spaces, designers are embracing new concepts and ideas that go beyond mere aesthetics. In this article, we will explore five key trends that are set to revolutionize interiors in 2024. From sustainable and eco-friendly spaces to the integration of technology and the resurgence of nature-inspired designs, these trends will shape the way we live, work, and interact with our surroundings. Join us on this journey as we uncover the exciting possibilities that lie ahead and discover how these trends will redefine the concept of interior design in the near future.

The Importance of Keeping Up with Design Trends

Welcome to the future! Interior design is constantly evolving, and staying ahead of the trends is crucial for creating spaces that are not only visually appealing but also functional and future-proof. In this article, we’ll explore five key trends that are set to transform interiors in 2024. So buckle up and get ready to be inspired!

Trend 1: Sustainable and Eco-friendly Spaces

In an era where climate change is at the forefront of our concerns, sustainability is no longer a buzzword but a necessity. Designing eco-friendly spaces is not only better for the planet but also enhances the well-being of its occupants. Incorporating sustainable materials like reclaimed wood, recycled glass, and organic fabrics is a fantastic way to reduce our ecological footprint while adding a unique touch to our interiors. Pairing these materials with energy-efficient lighting and appliances ensures that style and sustainability go hand in hand. And let’s not forget about recycling and upcycling! Giving new life to old furniture and decor items not only saves money but also adds a delightful touch of creativity to your space.

Trend 2: Technology Integration and Smart Homes

Welcome to the age of smart homes! With technology becoming an integral part of our daily lives, it’s only natural that it finds its way into our interiors. From voice-activated assistants to automated lighting systems, the possibilities are endless. Embracing technology in interior design means finding ways to seamlessly integrate gadgets and devices into our spaces without sacrificing style. Imagine waking up to the perfect lighting and temperature, all controlled through your smartphone. Creating connected and automated living spaces not only adds convenience but also a touch of futuristic charm that is sure to impress your friends.

Trend 3: Biophilic Design and Nature-inspired Interiors

Who says you can’t have nature at your doorstep? Biophilic design, which emphasizes the connection between humans and nature, is set to take the interior design world by storm. Bringing the outdoors inside through the use of plants, natural light, and organic textures creates a calming and rejuvenating environment. Imagine a living room filled with lush greenery and a wall of windows that offers breathtaking views of the surrounding landscape. Incorporating natural elements and materials such as wood, stone, and water features brings a sense of tranquility to your space. Not only does biophilic design look stunning, but it also has proven benefits on our well-being, reducing stress and increasing productivity.

So there you have it, a glimpse into the future of interior design! By embracing sustainable practices, integrating technology, and bringing nature indoors, you’ll be well on your way to creating spaces that are not only visually stunning but also environmentally conscious and future-proof. Get ready to design tomorrow today!

Trend 4: Flexibility and Multifunctionality in Furniture and Layouts

In the fast-paced world we live in, our needs and preferences can change in an instant. That’s why adaptable furniture is becoming a key trend in interior design. Whether it’s a sofa that can transform into a bed or a dining table that can extend to accommodate more guests, these pieces are designed to evolve with us. No more feeling stuck with furniture that no longer suits our lifestyle!

Space-saving Solutions for Small Living Areas

Living in compact spaces has become increasingly common, and interior design is adapting to these challenges. Space-saving solutions are now a top priority, with furniture designed to make the most of every inch. From folding tables and chairs to wall-mounted storage units, these clever designs help maximize living areas without sacrificing style or functionality.

Multi-purpose Rooms and Transformable Designs

Gone are the days of dedicating each room to a specific function. The trend of multi-purpose rooms and transformable designs is gaining momentum. Imagine a home office that can easily convert into a guest bedroom or a living room that can transform into a home theater. These versatile spaces allow us to make the most of our living areas, adapting to our changing needs and maximizing the functionality of each room.

Trend 5: Minimalism and Simplicity in Design

In a world that can often feel overwhelming, there is a growing desire for simplicity and clarity. Minimalism is making a comeback in interior design, with clean lines and clutter-free spaces taking center stage. By embracing simplicity, we create a calming and peaceful environment that allows us to focus on what truly matters.

Utilizing Neutral Color Palettes and Simple Patterns

When it comes to minimalist design, less is more. Neutral color palettes, such as whites, grays, and earth tones, create a serene and timeless atmosphere. Simple patterns, if used sparingly, can add depth and interest without overpowering the space. The key is to strike a balance between simplicity and visual appeal.

Maximizing Functionality with Minimalist Design Principles

Minimalist design is not just about aesthetics; it’s about functionality too. By focusing on essential elements and eliminating unnecessary clutter, we can maximize the functionality of our spaces. Every piece serves a purpose, and every corner is utilized efficiently. It’s a design philosophy that promotes both practicality and beauty.

Conclusion: Embracing the Future of Interior Design

As interior design continues to evolve, it’s important for us to embrace these trends and adapt to the changing landscape. Flexibility, multifunctionality, minimalism, and simplicity are all key factors in creating spaces that cater to our fast-paced lives. By designing with these principles in mind, we can create homes that are not only stylish and practical but also reflect our ever-changing needs and desires. So let’s get ready to welcome the future of interior design with open arms!

As we conclude our exploration of the key trends that will transform interiors in 2024, it is clear that the future of interior design is incredibly promising. With a focus on sustainability, technology integration, biophilic design, flexibility, and minimalism, we are poised to create spaces that are not only visually appealing but also functional, environmentally conscious, and conducive to our well-being. By embracing these trends, we have the opportunity to shape a future where our living spaces are truly reflective of our values, needs, and aspirations. So let us embark on this design journey, embracing the exciting possibilities that await us in the realm of interior design.

THIS WEEKEND IN CHICAGO – Venturing Out for a Peek at the Sun!

Cheerful sun in sunglasses smiling, peeps out from behind the cloud and shows thumbs up

Grab your friends and/or family members to soak up some fun in the sun this weekend as February arrives with milder temps and the possibility of getting a peek at the sun as we venture out on another winter weekend!

I don’t know about you, but I often have no room for dessert after having a big meal, even though the desserts are the first thing I look at on the menu.  It just so happens that this Saturday from 9 a.m. to 12 p.m., Jeni’s Splendid Ice Creams will be hosting its annual Ice Cream for Breakfast Day at their neighborhood scoop shops.  This topsy-turviest day of the year encourages wearing pajamas while eating a big bowl or cone of ice cream first thing in the morning!  In addition, this year offers a new flavor, L’affogato special, a morning-only special ice cream cone, LTO merch, and more.  Finally, dessert comes first!

The 10th annual Cider Summit Chicago takes up residence this Saturday (2 p.m.-6 p.m.) at Navy Pier’s Aon Grand Ballroom (600 E. Grand Ave.) in the Streeterville neighborhood for the region’s largest cider tasting.  This event will feature more than 150 ciders, cider cocktails, and fruit spirits from over 40 producers locally, regionally, and internationally.  In addition, new this year, is an optional Cider-Cheese-Charcuterie Tasting from 12 p.m. to 1 p.m. or you can just grab a bite to eat from the on-site food trucks.  And don’t forget to stop by the event store for some festival merch!

It’s back for another season!  The Ravenswood Makers Market returns this Saturday (1 p.m.-6 p.m.) to KOVAL Distillery (4241 N. Ravenswood Ave.) in the Ravenswood neighborhood.  Shop a wide variety of handmade goods from 25 local artisan makers offering items for purchase such as home décor, prints, paintings, jewelry, knit goods, and more, all while sipping on delicious cocktails.  Plus, this event is free!

Don’t miss out on this year’s four-legged fun and festivities at Mardi Paws! this Saturday (12 p.m.-3 p.m.) at Canine Crews (1616 N. Washtenaw Ave.) in the West Town neighborhood.  Activities include Mardi-Gras games for your fur babies to strut their stuff, a fun photo booth to capture memories with your fur babies, New Orleans themed food and drink, raffle and auction items up for grabs, and more.  Best part, all monies raised will go to the Wicker Park Dog Park rebuild!

For those starting to plan their upcoming wedding, the 5th annual West Loop Wedding Walk takes place this Sunday at 12 p.m.  Spend the afternoon visiting all the neighborhood’s unique and amazing venues that have been staged for this event while enjoying food, drinks, and goodies.  Plus, transportation between the venues is provided along with a swag bag for the first 150 attendees.  Afterwards, head on over to the afterparty hosted by Blue Water Kings at Fairlie (339 N. Bell Ave.) also in the West Loop!

Well Chicagoans, this is your last chance to open wide until next year as the 17th annual Chicago Restaurant Week wraps up this Sunday.  Don’t miss out on specially curated prix fixe menus from the various participating Chicagoland eateries at discounted prices!

Sue Moss and Dean’s Team Chicago

Neighborhood News: Lincoln Square’s Old Town School of Folk Music

Male musician playing banjo sitting in a chair

When you think of Chicago’s vast music history …jazz, blues, rock, pop …let’s not forget that the Old Town School of Folk Music, 4544 N. Lincoln Avenue, and 909 W. Armitage, has been serving world-class folk music for more than 60 years. 

The Beginning…a beat to remember 

The name ‘Old Town’ may refer to its founding rather than its current address, but the Old Town School of Folk Music was founded by folk musicians Frank Hamilton, Win Stracke, and Dawn Greening at 333 West North Avenue, offering guitar and banjo lessons in a communal teaching style and hosting performances by well-known folk musicians. 

Though she doesn’t have her own Wikipedia page, Greening was the one who planted the seedling that would grow into the Old Town School in her own living room, according to the Old Town website. Her son discussed his mother’s role on their website:

“Mother made people feel good—they called her the Mother of Old Town School, the Heart of Old Town School. She was a big woman with a big heart,” her son Lance remembered, in a blog on their website. “She said that the solution to the world’s problems is completely in love. If we can only get people to love each other, we’ll have no problems.” Although Dawn was not generally known as a musician herself, “she had a great appreciation for music,” Frank said. “She loved it….she had this ability to just draw in people.

Hamilton, who will turn 90 this year, taught guitar and banjo and served as unofficial dean. Several hundred prospective students, performers, and educators attended the first session, and famous singers and folklorists – without compensation – began performing during the Second Half. Among them were Pete Seeger, Odetta, Studs Terkel, Doc Watson, Mahalia Jackson, Bill Monroe, and The Weavers. Their website also mentions folk dancing and family sing-alongs. 

The formation and growth of the School, as Wikipedia tells it, coincided with the folk music boom of the 1960s and early 1970s. In Chicago, folk influence was scattered in Hyde Park (site of the Folk Festival), Oak Park (where Greening lived), and Old Town.

Boom Town, 1960’s and 70’s

The school  focused on offering instruction and performance, with many performing musicians acting as teachers and mentors. The School also proved a rich ground for collaboration. As Wikipedia sources tell it, the late 1960s were a peak of success as several musicians associated with the School rose to national prominence, including Roger McGuinn of The Byrds, Fred Holstein, John Prine, Steve Goodman, Bonnie Koloc, and Bob Gibson.

The late ’70s marked a decline in enrollment, concert attendance, and the beginning of a severe financial crisis that left the School on the brink of bankruptcy, according to their website. In 1982, the School’s staff and Board began a broad series of institutional changes that increased management effectiveness, placed a higher emphasis on fundraising, and expanded the scope of programming to include ethnic and traditional music from around the world.

Rebound 1990’s

With funds raised from a $10 million capital campaign, the School expanded its programs to the much larger Lincoln Avenue facility, and maintained its music education programs at the 909 W. Armitage building in Lincoln Park. The new Old Town School building was dedicated on September 18, 1998, with a concert byJoni Mitchell and Peter Yarrow.The new facility, according to their website, is “the finest in North America for the study and presentation of folk and traditional music forms, dramatically raised the School’s profile and garnered national praise and recognition.”

Today…Wiggleworms and more!

There’s a class for everyone at Old Town School, including banjo, dance, ukulele, voice, piano, and  ensembles.

Enrollment in Old Town School tuition programs averages close to 6,600 students per week, 2,700 of them children. The Lincoln Square and Lincoln Park facilities hold hundreds of classes and workshops in music, dance, and visual art for adults, children, and teens seven days per week, 48 weeks per year. Early childhood and middle school music programs thrive in suburban branches as well as in several community outreach programs throughout the city. The School presents performances by internationally known touring artists, the best of Chicago’s local artists, and its staff and students weekly. Most Wednesday nights feature free concerts through their popular World Music Wednesdays program

For babies and young children Wiggleworms classes are for kids, 12 months to 4 years, and caregivers together, setting the foundation for a lifelong love of music.

In-person classes are available in Lincoln Square, Lincoln Park, Pilsen, Evanston, Western Springs, and Glen Ellyn.

Event Saturday night 

On Saturday, February , folk legend Bonnie Koloc headlines a sold-out evening of legendary folk music with Rose Snyder, Steve Eisen, Andy May and Al Ehrich, along with special guest Mark Dvorak. Tickets do sometimes become available in the days before the show. Add yourself to their email notification list by clicking here.

Alison Moran-Powers and Dean’s Team Chicago

2023 Groundhog Day (copy)

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Restaurant Review: Logan Square’s Penumbra named “Most Romantic in the Nation” by Yelp

A young couple in love exchange gifts for Valentine's Day in a cafe

It’s a short two weeks before Valentine’s Day. Your partner is the best thing you’ve got in your world. You want to wine them, dine them…maybe even propose!

With near-perfect, 4.8/5 ratings on several review sites, consider Logan Square’s Penumbra Restaurant & Wine Bar, recently voted the #1 Most Romantic Restaurant in the nation by Yelp (via Business Insider.) 

What makes this Latin-inspired steakhouse and wine bar so special? It starts with the name. Penumbra, according to its website, is inspired by owner Rita Vargas’ experience living the first  part of her life in Ecuador. Having no electricity while very young, she used candles for light, thus creating a space of partial illumination =  PENUMBRA. The restaurant honors that heritage and provides an intimate experience for guests.

For starters, begin with their Charcuterie Board, filled with shareable local and imported cured meats and cheeses, Kalamata and green olives, and served with artisan bread. Scallops are seared in butter and served over roasted serrano avocado sauce, and  ‘dolloped’ with their house remoulade. Bocaditos is a quesadilla-style tomato basil tortilla, stuffed with cheese, scallions, parsley, coriander and hot pepper, with a ‘dollop’  of  homemade avocado crema.

Move forward to steakhouse royalty with their Ribeye, a 10-ounce Ribeye steak rubbed in cracked black pepper. Pork serves up two boneless pork tenderloins, seasoned with a hickory molasses dry rub, and topped with roasted garlic cream and cranberry chipotle sauces, served with roasted potatoes and grilled vegetables. Chicken is a succulent chicken breast topped, with their special herbed goat cheese cream, and sever with house salad and roasted potatoes. A Valentine/Special Occasion Surf & Turf pairs your choice of steak, combined with Lobster Tail or Shadow/Creole Jalapeno Shrimp, served with roasted potatoes and house salad. Salmon is pan-seared and smothered in the Chef’s special caper butter reduction, accompanied by roasted poblano potato puree and grilled asparagus.

As we have often said…save room for dessert. Especially if it’s their Penumbra Ice Cream, a homemade rum raisin ice cream topped with light caramel and chocolate drizzle. (I rarely see rum raisin anywhere anymore, so this is a special treat!) Or, opt for their Molten Brandy Truffle, a gooey flourless lava cake with infused chocolate Brandy truffle inside, and topped with a raspberry Grand Marnier sauce. This dish served 2-3 people, easily. 

But don’t just take my word for it! One Google reviewer wrote,

“The perfect place for a romantic date. We asked to sit at a booth table and it was the most perfect and intimate setting you could find. Everything we ordered was amazing. We ordered cold cuts and this paired with drinks was perfect. Highly recommended.”

Another wrote:  

“The best restaurant in Chicago!! Everything taste amazing!! Had the creole jalapeño shrimp beyond flavorful!! The steak and lobster are amazing! The lobster is the best I’ve ever had! Must try it’s a hidden gem & the service is phenomenal! Very romantic vibes! Will be returning again next time we are in Chicago!”

Penumbra Restaurant & Wine Bar is located at 3309 W. Fullerton. Their hours are Wednesday & Thursday, 5pm–10pm, Friday & Saturday, 5pm–11pm, and Sunday, 5pm–9pm. They are closed Mondays and Tuesdays. Although walk-ins are welcome, reservations are highly recommended for Friday and Saturday evenings. For parties of 5 or more, please contact the restaurant for availability. For reservations, click here

Alison Moran-Powers and Dean’s Team Chicago