Tuesday, October 15, 2019 / by Fona Abad
Your credit score plays a key role in the homebuying process. Having a high credit score can help you score a lower interest rate on your mortgage—which can save you tens of thousands of dollars over the course of your loan.
But if you have a less-than-perfect credit score, there’s no reason to panic! There are steps you can take to increase your credit score—and snag the lower interest rates that come along with it.
A recent article from Apartment Therapy outlined five key strategies to improving your credit score, including:
Paying your bills on time, all the time;
Keeping credit card balances low;
Auditing your credit report on a regular basis (and correcting any mistakes);
Limiting hard inquiries; and
Giving your score time to grow
Bottom line? If you make these five strategies a rule, your credit score will improve—and you’ll be able to save money on your mortgage as a result. ...
Monday, October 14, 2019 / by Fona Abad
As a homeowner, you want to keep your home in tip-top shape—and that requires a certain level of upkeep.
But not all maintenance efforts are created equal—and some of your efforts can actually make problems worse instead of better.
In a recent article on Apartment Therapy, a panel of home inspectors shared the maintenance mistakes most homeowners make in an effort to fix their home, including:
Painting over water damage
Not changing the HVAC filter
Overlooking small cracks in the foundation
Improperly-installed air conditioning units
Lazy weatherstripping ...
Friday, October 11, 2019 / by Fona Abad
If you’re getting ready to sell your home, it makes sense that you’d want to renovate and fix any lingering problems as a way to get top dollar for your home. But if you want your renovations to help your home sale—and not hurt it—you need to ensure you have the necessary permits.
According to a recent article from Redfin, there are a number of home renovation and improvement projects—including fence installations and repairs, window installations, plumbing and electrical work, structural changes, heating maintenance, and additions or remodels—that require a permit from the city government. When you obtain these permits, the changes and improvements you make to your home are inspected by the city to ensure they’re up to code. Once they’re approved, they are put on official record.
Why is this important? When you sell your home, both buyers and lenders will want to know that any changes, improvements, renovations, or modificatio ...
Wednesday, October 9, 2019 / by Fona Abad
Painting. It seems like such a simple, straightforward home task—and, in many ways, it is. But it can also be a task that goes terribly wrong. If you’re not careful, that deep red hue in the dining room or the art deco-inspired accent wall in the entryway can cost you more than just the price of paint.
There’s no one-size-fits-all approach to painting, but there are certain paint mistakes you definitely want to avoid if you’re thinking about selling your home (or if you just don’t want to kick yourself every time you stare at the wall). But what, exactly, are those mistakes? According to a recent article from Apartment Therapy, design experts claim baby-inspired hues (like baby blue or pastel pink), accent walls, and painting your ceiling in anything other than flat paint are major painting no-no’s—and if you want your house to appeal to buyers, you need to avoid those mistakes like your home sale is depending on it (which, ironically, it ...
Friday, October 4, 2019 / by Fona Abad
One of the reasons many people continue renting is because they believe it’s the easier option. But according to a recent survey, the vast majority of homeowners would disagree.
According to a recent survey from LendingTree, a whopping 67% of homeowners—more than two-thirds—say owning a home is easier than renting. And the best part? It seems as though the longer you own a home, the more likely it is you’ll find it easier than renting (72% of people who have spent seven to nine years in their homes say it’s easier than renting)—and the less likely you’ll ever want to go back to renting (only 7% of people who have owned their home for a decade or more said they wished they could return to renting).
If you’re renting a place because you think it’s the easier option, it might be time to look at the data and buy a home of your own—which, as it turns out, may be the easier option after all. ...