Whether you’re planning to remodel your home or simply want to do a little maintenance, there are many home improvement projects you can take on. These can range from projects to upgrade the exterior of your house to putting a new coat of paint on the interior.
Millennials are buying homes
Millennials are buying homes in droves. The real estate market has seen a huge shift, and this generation has the potential to reshape the way we buy houses.
According to a survey by Zillow, about half of all buyers and sellers are under 36. This could be due to career growth or higher incomes.
Younger Gen Y Millennials tend to buy smaller homes, with median home sizes of 1,650 square feet. They are also more likely to buy homes built between 1916 and 1984. Millennials also put a smaller down payment on their homes than the average first-time buyer.
Yard and landscape work is the most popular answer
Creating and maintaining a landscape can be a challenging task. As a result, you’re likely to find yourself experimenting with various horticulture techniques. The best way to go about this endeavor is to make use of a few useful tips and tricks. For example, you may want to consider enlisting the help of professional landscaping companies. The benefits of hiring such services is that you’re likely to get a higher return on your investment. Moreover, you can rest assured that the professional isn’t going to overcharge you in the process.
Unsecured debt doesn’t require collateral
Whether you’re planning a home improvement project or looking for a new vehicle, unsecured debt may be the way to go. But before you get a loan, it’s important to understand the differences between unsecured debt and secured debt.
A secured loan requires a loan amount secured by collateral. This collateral could be property, such as a house, or a cash asset, such as a retirement account. Collateral is important for lenders because it protects them if the borrower fails to make payments. If the borrower defaults on the loan, the lender can repossess the collateral.
Penalties against contractors
Among the most common consumer complaints are those involving home improvement contractors. The Department of Consumer Protection (DCP) investigates and pursues these complaints. It can impose fines for violating provisions of the Payment Protection Law, Home Improvement Contract Law, and Restraining Order Law.
These penalties are designed to protect consumers. Contractors who violate the law can face fines of up to $500, or even more. In addition, customers may be able to sue for actual damages, plus reasonable attorneys’ fees.
Getting a personal loan vs a home equity loan
Taking out a loan can be an important decision. You should shop around for the best rates and terms. But do you know if a home equity loan or a personal loan is the right choice for you?
A personal loan is one type of loan that can be beneficial. It is a fixed-rate loan that is easier to get than a home equity loan. The interest rates tend to be lower, and the payoff time is shorter.