Why do I need to order a home inspection?
A home inspection will look at the systems that make up the building such as:
- Structural elements, foundation, framing etc.
- Plumbing systems
- Electrical systems
- Cosmetic condition, paint, siding etc.
If you are buying a home, you need to know exactly what you are getting. A home inspection, performed by a professional home inspector, will reveal any hidden problems with the home so that they may be addressed before the deal is closed. You should make sure the contract has an inspection contingency. If you are not comfortable with what the inspector finds, you should kill the deal.
Likewise, if you are selling a home, you want to know about such potential hidden problems before your house goes on the market. Almost all contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. Surprising problems uncovered by the buyer’s inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
How to build a good credit score?
Building a strong and consistent history of responsibly using credit is the foundation to building a great credit profile.
Here are a few easy tips for effectively building your credit history.
- Don’t apply new credit card every time you see an offer. Getting too much credit too quickly can hurt your credit profile.
- Consistently use your complete name without any variations. This helps set up your credit history correctly from the beginning. It also minimizes the chance that your credit file will be incomplete or mixed with another consumer’s file.
- Pay your bills on time. Most lenders look at the most recent information on a report. So if you’ve paid your accounts on time for the last two to three years, the lender may weigh that more heavily than a series of late payments from five years ago.