Uncategorized February 22, 2024

Atelier Vime in Brittany: An 18th-Century Childhood Home Lovingly Updated

This story begins in the early 1960s with a hot tip in a doctor’s office: “My father was a dentist in Paris and a patient told him to have a look at this little hamlet lost in the valley—he had heard from his Breton family that the farmer wanted to sell,” Benoît Rauzy tells us. The hamlet in question is near Audierne in Brittany, and the late 18th century compound became the Rauzy family summer retreat: Benoît has been making pilgrimages to the house since he was born.

With his partner, Anthony Watson, Benoît is the owner of Atelier Vime, purveyor of France’s loveliest rattan furniture, new and vintage. The two went into business on a whim in 2018 when they were remodeling a hôtel particulier in Provence—after discovering it had been the headquarters of a local rattan business that had all but vanished, they set up shop and learned along the way. Anthony and Benoît’s home became a much-celebrated showcase for their creations, and they went on to restore the 18th century house next door: it’s now the Atelier Vime summer emporium.

Meanwhile, these historic house whisperers have also been resuscitating the Rauzy farm—their work got jumpstarted during the pandemic when the couple stayed put in Brittany and did the labor themselves, from clearing brush to laying tiles. “Benoît’s family was surrounded by painters, sculptors, and poets who used the outbuildings as work spaces,” says Anthony. “The place was untouched and still has many creations from these friends.” The kitchen and bath required total overhauls, but seeing these rooms now, you’d never know: “the goal was to keep the atmosphere and poetry.” Of course, there’s now a lot more rattan in residence. Come see.

Photography courtesy of Atelier Vime (@ateliervime).
Above: The exterior of the whitewashed house was left as is with one touch-up: the shutters are newly painted Farrow & Ball’s Hague Blue. The couple re-created Benoît’s father’s garden and planted a now-thriving field of thin wicker for use in their own designs. The property slopes down to the sea arm, the tidal Goyen River.

When the family bought the property, this part of Brittany was “not so famous because it was a very long drive from Paris, they were no real estate agencies, and all of the the farms were still active,” says Anthony. Benoît’s parents were able to buy the property by word of mouth because the resident farmer was marrying someone with more land and moving to her farm.
Above: Harvested wicker gets sorted in an old stable behind the main house. The cupboard is filled with Benoît and Anthony’s reference library of sorts: a collection of antique miniature baskets from all over France.
Above: The house is the rustic counterpart to the couple’s high-style place in Provence. Benoît’s father, Jacques, restored the original hearth and added the Mies van der Rohe Barcelona table. It’s now surrounded by recent additions: an André Arbus Art Deco rug, and Atelier Vime Editions’ Paquebot Armchair, LP Lamp, and Rattan Pelmet.
Above: A prized possession—and Andalusian hound Alma’s favorite place to lounge—is the green velvet sofa that was designed by Jacques for his dental office: “my father used to design furniture himself when he couldn’t find what he was looking for.” The small print is by family friend Nina Nidermiller.
Above: The kitchen retains its 1960s tiled floor and rustic buffet and table. With help from two local friends, Benoît’s and Anthony added a tiled backsplash, new sink, and faucet from Italian brand Stella. Pieces from the couple’s vintage rattan collection include the two chairs, woven table lamp, and hanging lantern and birdcages.
Above: The Balineum tile is 18th century Italian. Anthony’s mother helped him stitch the new sink skirt from ticking fabric found in the house. Botanical plates on the wall were more recently replaced by a rare set of 1920s Suzanne Creston plates of Breton nautical scenes.
Above:  Ingredients for lobster ravioli: “we were trying to make them as delicious as the ones chef Frédéric Claquin makes at our favorite restaurant Les Trois Rochers in nearby Combrit,” says Anthony.
Above: A tabletop vignette with an old oil cloth and faience.
Above: The couple’s bedroom/study retains the rustic bookshelf of wood and bricks built by Jacques and filled with family souvenirs. The pine bough is leftover from a DIY door surround that Benoit and Anthony put up during lockdown: see Pine Cones as Decor, our first glimpse of the house.
Above: An antique Uzbek Suzani covers an Empire chair. In the 1960s, the bedroom doors were painted in blue boat paint and have been left as is. Above: The fireplace, foxed mirror, and tiled hearth are original. Benoît and Anthony bought the antique ceramic stove at an auction.
Above: Benoît’s childhood bedroom has a 1960s Italian rattan bed with a cover made from two antique Provençal skirts.
Above: The bureau was painted for one of Benoît’s birthdays by Paule Fournel, another artist family friend. The desk lamp’s shade is by American artist and frequent Atelier Vime collaborator Wayne Pate.
Above: The bathroom received a complete makeover. The shower is entirely new—”we designed it very minimal as a circle,” says Anthony. They cut and fit the mosaic tile themselves. Note the new tub’s Wicker Panel and Rattan Pelmet—all Atelier Vime designs are woven by hand in France and these are custom sized.
Above: “The sink is Art Deco from 1920, we found it in a house nearby and matched it with a Stelle faucet,” says Anthony. The vintage hanging rope sconces are by Audoux-Minnet.
Above: The Five Flowers curtain fabric is by American designer Drusus Tabor whose line is newly available at Schumacher.
Above: The second floor is the attic, known as the reading room because it’s filled with books. The four poster  is draped with an antique Aubusson tapestry—and, on occasion, is used by guests. The couple found the antique tôle bathtub at a brocante.
Above: For outdoor feasts, a nearly 10-foot-long farm table is paired with 1950s Mathieu Matégot chairs. An apple orchard surrounds the yard and the wicker field is just beyond.
Above: A view of the house across the sea arm.
Above: Benoît and Alma head to the beach.

We’ve been following Atelier Vime from the start: | BidBuddy.com

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Uncategorized February 21, 2024

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Should You Pay Someone To Do Your Taxes?

One of the biggest questions we see every tax season: should you pay someone to do your taxes?

Getting a tax refund is a big part of that question. Most people hope for a refund and look forward to getting their direct deposits (who gets a paper check anymore)?

But doing your taxes can be hard, or so the mainstream media tells you, along with commercials and more. So, should you pay someone to do your taxes?

As with most things, the answer is: it depends.

It depends on a few factors, and we break down whether you should pay someone to do your taxes, or whether it makes more sense to do it yourself. And if you are going to pay someone, who should you be paying – does using one of those big companies like H&R Block even make sense. 

Here’s what you need to know.

Table of Contents
When It Makes Sense To Do Your Own TaxesWhen You Should Pay Someone To Do Your TaxesWhere You Should Get Your Taxes DoneFinal Reminder

When It Makes Sense To Do Your Own Taxes

For many Americans, it makes sense to do your taxes. Honestly, the actual act of doing your taxes is very easy (especially if you’re financially organized). If you can read a form and input information onto a computer screen, you can do your taxes.

There are a lot of free tax software options if your income is below $79,000, and even if it’s more, tax software prices are very reasonable (much less than a paid tax preparer). When we compared the major tax software options, the average price for paid versions was about $60 for itemized deductions. And in our survey on how much Americans paid to file their taxes – the average was about $50.

If you have a straightforward tax situation, it makes sense to do it yourself because it will be much cheaper. So, what does a straightforward tax situation look like? Here are some common examples of when it makes sense to do it yourself:

* You’re single, have a job, and not much else
* You don’t own a business
* You don’t have complicated investments
* You have the patience to sit down and do it

You should also have a basic understanding of how taxes work. If you don’t yet, because maybe it’s your first time filing your taxes, take it slow and learn about what you’re doing – that will make future years really easy.

When You Should Pay Someone To Do Your Taxes

If you’re going to pay someone to do your taxes, you should be looking for help that is MORE than just data entry. Yes, while a tax preparer is there to actually file your taxes – the process of getting ready to do so can involve a lot of moving parts. And this expert you’re going to hire should be able to help navigate you through it.

Some common examples of when it makes sense to pay someone to do your taxes:

* You make over $200,000 per year
* You had a life event, such as marriage, divorce, or children
* You started a business
* You own complicated investments like partnerships or trusts
* You have questions that you can’t answer

The goal of paying someone to do your taxes should be two-fold. Of course, getting your actual taxes done. And getting help and advice. Some common areas where a paid professional can help include:

* Optimizing your accounts to lower your tax burden
* Ensuring that you qualify for credits and deductions or that you take all credits and deductions you’re qualified for
* Keep accurate records of complicated investments, such as partnerships
* Help you optimize your business structure to lower your taxes

So, when deciding if you should pay someone, keep those ideas in mind when discussing your situation.

Where You Should Get Your Taxes Done

Now that you know when it makes sense to pay someone to do your taxes, where should you get it done?

It’s important to note the cost of getting your taxes done. For a basic return (one that you likely should do yourself), it will start at $100 or more. According to a recent study by the National Society of Accountants, the average cost of getting your taxes done is $261. If you’re asking for help on a myriad of financial topics, you can expect to pay about $350-500 to get your taxes done, but that includes advice as well.

For most people that “should” get their taxes done by a professional (versus those that simply do but don’t need to), a CPA usually makes the most sense. But even if you do go to a company like H&R Block, you want to make sure that you know who you’re working with, and if they are qualified. Some unscrupulous tax preparers have a tendency to mislead.

The IRS requires all tax preparers to register, and you can find their information online: The National Directory of Registered Tax Preparers and Professionals.

Make sure you check whoever you work with, no matter the firm – large or small, public or private.

Also, make sure you develop a good relationship with that person. They should be able to help you with your tax related questions. If they can’t answer or help you, it’s a sign that you need to find someone else. If they just want to do data entry, it’s not someone you should pay several hundred dollars to.

If you find yourself owing a lot of taxes (or owe back taxes), you may want to consult with a tax debt professional. Check out Solvable and get help >>

Final Reminder

Finally, remember, even if you pay someone to prepare your taxes, you personally are responsible for the accuracy of the information provided. The tax preparer can help you, but you need to make sure it’s right.

One of the biggest errors I see every year are typos – especially from people that use the major mass-market tax preparation companies that you see on TV. These data entry professionals (because they rarely offer advice or help), can mess up. They can misspell your name, mistype your Social Security number, and more. All of those will result in delays on your tax refund.

Make sure that you do a thorough review of your tax return before you file – no matter if you do it yourself or if you pay someone to help you.

Editor: Ashley Barnett

Reviewed by: Colin Graves

The post Should You Pay Someone To Do Your Taxes? appeared first on The College Investor. | BidBuddy.com

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Uncategorized February 20, 2024

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Uncategorized February 20, 2024

What Does Off Market Mean When Shopping for a Home?

In your journey to find the perfect home, you’ve likely come across the term “off market.” But what does off market mean when shopping for a home? This phrase can unlock doors to exclusive listings and offer unique opportunities in your home search.

Whether you’re scrolling through home-search sites or mingling with real estate investors, understanding the ins and outs of off-market properties could give you an edge in the competitive housing market.

Yes, a Top Agent Can Find You an Off Market Home

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What does ‘off market’ mean in real estate?

The phrase “off-market property” can have two definitions in the world of real estate:

1. When seen on home-search sites like Zillow or Realtor.com, “off market” indicates that a home is not currently listed for sale on the multiple listing service (MLS), the database of homes for sale used by home shoppers, sellers, and agents. You may have seen this “off market” status label on Zillow when you’ve searched for an address to see if a property is for sale, when it was last sold, or what its estimated value might be.

2. Within the real estate investor industry, “off market” is a term used to identify a house that has been sold outside of the MLS, meaning it was never publically posted as a property for sale. Investors will search for this second type of off-market property using a variety of strategies, including perusing sites like Zillow. They’ll search non-agent home listings, such as those posted by individual homeowners selling FSBO (For Sale By Owner) or properties being sold at auction.

Off-market homes often present opportunities for buyers looking for a deal — especially investors on the hunt for a property they can flip for a profit.

Real estate agents helping home buyers sometimes referred to these off-market properties as “pocket listings.” | BidBuddy.com

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Uncategorized February 20, 2024

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Uncategorized February 20, 2024

What is a No-Doc Loan?

Before the 2008 housing crash, it was somewhat common for people to get stated income loans. These were mortgages where a lender didn’t verify the borrower’s income by looking at their income tax returns, W-2 records, or pay stubs. A lender would simply ask a borrower to state their income, and they were taken at their word.

Stated income loans were theoretically for self-employed borrowers, but they started being extended more and more to subprime borrowers. The lack of verification for someone’s income made these loans high fraud targets.

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After the housing crash, stated income loans were done away with.

Now, to get a mortgage, you have to show your income through different methods, including showing your tax records.

This still gets tricky for self-employed borrowers.

As a self-employed borrower, you may show a much lower income than the reality because of deductions you take advantage of on your taxes. These deductions can be legitimate, but they’re problematic if you decide to apply for a mortgage.

Some self-employed borrowers look for no-doc loans, which aren’t the same as stated-income loans.

We talk more about them below.

An Overview of No-Doc Loans

A no-documentation mortgage loan doesn’t mean that you show no documents. However, you might show your bank statements instead of your tax returns or pay stubs as proof of income.

With this type of loan, the lender is also likely to order a property appraisal, which is how they determine its potential resale value.

The upside of this type of loan is that they make homeownership accessible for someone who might not qualify for a traditional mortgage. They can also be faster to apply for because underwriting takes several weeks on traditional mortgages. There’s less verification with a no-doc loan.

There are some downsides, though.

First, it’s rare to find a financial institution that offers no-doc or low-doc loans.

The loan terms are also going to be less favorable. You might see the rates on these loans being as much as three percentage points higher than those on conventional loans, depending on your assets, credit score, and the size of your down payment.

You’ll need a credit score of at least 700 to qualify for these loans in most cases, and you might have to make a down payment as high as 30%.

Who is This Type of Mortgage Right For?

There’s a reason these loans exist.

It might be right for you if you deducted a large amount of business expenses in the previous year. When you’re an entrepreneur, deducting expenses lowers your net income, but you might be able to qualify if you go outside the confines of traditional mortgages.

Another reason to consider these loans is if you have an irregular income that fluctuates quite a bit depending on your business.

Some real estate investors will get these types of loans, and then the expected rental income on the property can help you get approved without other documentation or asset verification.

High-net-worth individuals can use no-doc mortgages to qualify based on their assets.

Types of No-Doc Loans

There are a few subtypes of these mortgages.

One is called SISA, which stands for Stated Income, Stated Assets. When you apply for this type of loan, you disclose your annual income and assets. The lender accepts the numbers you’re providing. After the Dodd-Frank Act passed, however, these loans became very restricted, and for owner-occupied properties, they’re no longer available.

Another type is SIVA—Stated Income, Verified Assets. You put your income on your application, but your lender goes through verification with your assets. You might have to show anywhere from six to 24 months of bank statements.

NIVA loans are No Income Verification, Verified Assets. These loans don’t require a borrower to disclose their income at all. Instead, a lender verifies based on their assets. Someone who’s a retiree or lives off investment accounts might use this type of loan. | BidBuddy.com

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