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The next hot home project: Hidden spaces?

BY HBSDEALER Staff

A manufacturer of home organization products is promoting the idea that investments in hidden areas of the home can lead to a surprising increase to a home’s value.

A highly overlooked area, according to ShelfGenie, is inside their cabinets. Companies specializing in pull-out shelving are reporting a boom in requests for custom-designed shelving solutions that address pain points associated with disorganization and limited access to items in kitchens, bathrooms and other spaces in the home, according to the manufacturer.

“What people are quickly realizing is that by increasing their usable cabinet space by up to 50 percent with glide-out shelves, they are not only reducing physical and emotional stress by providing easy access to items, but also improving the appearance and value of their homes,” said Allan Young, CEO of ShelfGenie, the leader in custom designed, built and installed Glide-Out shelving solutions for kitchens, pantries, bathrooms and other spaces.

When it comes to improving resale value, more homeowners are looking to renovations that address less visible, yet highly functional areas of the home. According a recently published study, minor kitchen renovations, which would include such upgrades as installing glide-out shelving, can deliver a return on investment of 82.7 percent.

Overall, homeowners are spending more on organization. According to The Freedonia Group, the storage and organization industry is expected to rise 4 percent annually throughout 2017, making it a $9.4 billion industry. The demand is feeding growth of franchises at ShelfGenie, which after its inception in 2000, now operates more than 155 franchise locations in 22 states and Canada.

 

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Daltile helps scholars with eyes on design

BY HBSDEALER Staff

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Daltile, in conjunction with the American Society of Interior Designers (ASID) Foundation announced Jessica Sapinoso as the winner of the third annual Daltile Interior Design Scholarship. As the grand-prize winner of the competition, Sapinoso was presented with a $10,000 scholarship at NeoCon 2014 to continue her education in the field of interior design.

“On behalf of Daltile and the ASID Foundation, we congratulate Jessica Sapinoso on winning the Daltile Interior Design Scholarship,” said Lori Kirk-Rolley, vice president, brand marketing, Dal-Tile Corporation. “Once again, students from around the country rose up to our design challenge, demonstrating that the future of interior design is bright indeed. We feel confident that Jessica, the runners up and merit winners, are once again shining examples of what the next generation of interior designers has to offer.” 

This year’s design challenge, titled Operation Renovation, was to transform an outdated space in dire need of a renovation. Renovations and remodels are common in today’s marketplace, and Daltile sought to provide students with a real-world design experience. Entries were judged on the space’s function, aesthetic and creative use of Daltile’s newest product offerings to bring each student’s vision to life.

Sapinoso wasn’t always sure interior design was the path she wanted to take, but she said that winning the Daltile Interior Design Scholarship reaffirmed her passion. A student at California State University, Sacramento, she found inspiration in a favorite study spot just off campus, called Tupelo Coffee House. Using Daltile collections, including Forest Park ColorBody Porcelain, Imagica ColorBody Porcelain and Color Wave Mosaic Tile, Sapinoso transformed the tired coffee shop into a more functional, yet aesthetically pleasing space.

This year’s top scholarship recipients are:

• Grand Prize: $10,000 Scholarship Winner: Jessica Sapinoso, California State University, Sacramento;

• First Prize: $2,500 Scholarship Winner: Amber Richter Ferguson, Student ASID, Southwest University of Visual Arts;

• Second Prize: $2,500 Scholarship Winner: Tracy Cagle Manuel, Louisiana State University; and

• Third Prize: $2,500 Scholarship Winner: Caitlin McKay Lindley, Student ASID, Utah State University.

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HCN Stock Watch: EXP leads the pack

BY HBSDEALER Staff

On a bullish day overall, Eagle Materials (EXP) was ahead of the game at Wednesday’s close, rising 2.27% to a share price of $96.03.

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