Your credit score is one of the most important numbers to your financial picture. You know how important it is to have a high credit score. If you pay your bills on time and keep your debt down, you think that your score will be just fine, but this isn’t always the case. There are a few hidden mistakes that you could be making that are bringing your credit score down. Read on to find out what to avoid when trying to keep your credit score up and maintain it.
Too Many Credit Inquiries
Beware that every time you apply for a new loan or even just check on what type of interest rate you can get, your credit will be reviewed. You want to avoid too many credit inquiries because a high number will bring your credit score down. Always ask if a lender is pulling a hard inquiry to check your score, don’t allow too many of these credit checks.
Anything Small Can Make A Big Impact
Was there a mistake on a medical bill that you paid but it says it was unpaid? If you let this go, your credit score could be impacted. Even unreturned library books that have been turned over to collections can negatively affect your score. Stay on top of things because you never know how a small mishap can affect you.
Your Information Is Wrong
You should look at your credit report so that you can see more than just your history. You can see the information that is being reported to check for mistakes. Incorrect information can bring your credit score down. You can call the credit bureau that’s associated with any errors that you see on your credit report. It can be a little bit of a process to correct the mistakes on your credit report, but the time and effort is definitely worth it for your credit score.
Not Using your Credit
While using your credit too much is a problem, not making use of your credit at all can be a problem. Responsibly use your credit. Open a credit card and use it to make small purchases. Charge only things that you can afford and pay the balance off each month. This simple use of a card is one of the easiest ways to establish credit.
It’s important to do what you can to develop and maintain a healthy credit score. Keep all of your avenues covered to be sure that nothing hidden can negatively affect your credit score.
When you want to sell or buy a property, knowing its value is essential. For sellers, especially, there are higher chances that your home won't outperform other listings if they are of low value. The listing price of a home can even change after an appraisal of its value. Here are some crucial factors that can affect the value of your home:
Where your home sits plays a vital role in evaluating the selling price of a home. Your house may have all the things you need, but appraisals consider more factors to place a value on it. For your home to be of a maximum value, it must be close to quality local schools, shopping, entertainment, and recreational centers. Added to that, an abundance of employment opportunities, proximity to highways and public transit can improve a home's value.
The estimated market value of a home is also dependent on the home size. Bargains are often carried out based on price per square foot. For instance, if you list your home for $100,000 and it has 2000 square feet of living space, the price per square foot would be $50. Apart from that, houses with more livable space offer luxury, ample space for parking, and probably some bonus areas have higher values than houses without those. The number of full bedrooms and bathrooms a home contains also matter to the potential asking price. More beds and baths mean a higher value for your home.
Newer homes tend to have higher values than older ones because of many factors. In a new house, some parts are less likely to break down. Plumbing and electrical work, for example, are still fresh, up to code, and with adequate warranties. Most buyers don't want to spend extra on fixing major systems after acquiring a home. In newer houses, a new roof with a guarantee of at least ten years means that the buyer won't need to spend on replacing the roof anytime soon.
Who says older homes can't have high values too? When you upgrade the appliances in your home to the latest versions, the value of your home climbs. Including new technologies like smart thermostats will not only raise your home's worth, but it will also help you cut costs and make your home more efficient.
The local market
Even when your home meets other requirements, influence from your local real estate market can affect your home's value. If your home is in a location where the buyers' offering bids for homes outrank the number of listings, chances are you'll sell your home for more because it is a seller's market.
Talking to a local real estate agent will help you list your home closest to the market realities in your area and ensure you get the best possible price for your house.
To impress guests, your décor needs to be outside the box in a tasteful way. If you’re tired of getting the same polite applause and want to drop your visitors’ jaws (metaphorically), conventional patterns and colors won’t do. Read on if you’re a little short on ideas and need something to reawaken the creative you.
Hang eye-catching pendant lights
Interior design aficionados often say that a home’s look and feel can be made or broken by choice of lighting. Pendant lamps exude an air of light fixture sophistication besides being a great talking point. Pick fixtures with a quirky design that grab visual focus and give your flat a rustic charm.
Consider an open plan interior design
For foyers, strong impacts are created by open plan designs, as suggested by multiple leading interior designers. This gives the home an appearance of being spacious and airy, especially to smaller spaces.
Add some shine
You can add shine through the use of decorative pieces created using stainless steel or brass, bronze furniture or crystalline accessories. Metallic glows, and glassy glints sprinkle pizzazz to any room; your guests are guaranteed to be floored.
Decorate using large plants
Plants are good for the environment but even better for your décor. Whether inside or outside, they have a soothing, relaxing effect on both the eye and the soul. Dotted with large potted plants in strategic places, your home will become a green haven that guests will never want to leave. This is a clever design concept that will do little damage to your wallet.
Art displays as conversation pieces
A home’s color palette can be significantly enhanced using art installations. They run the range in prices, so choose what fits your budget best. Aim for pieces that speak to your heart, pieces that will keep your home on every visitor’s lips, even those without a cultured eye.
Pick inspirational colors
Speaking of art, did you know that color schemes can make or break a room’s feel and look? Aesthetically appealing color patterns improve the mood in any setting and add verve to your home. If you wish to relax the minds of the home’s inhabitants and guests, go for neutral colors like soft brown and ash gray. If you would rather stun them, paint your walls solid green and contrast them with retro orange furniture.
Keep an eye out for the themes, colors, and types of accessories used next time you watch your favorite TV series.