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Williams Harris

About Williams Harris

https://homeremodelingandrepair.blogspot.com/

Williams Harris has been working in the internet marketing industry for more than a decade. He has also done lots of writing in this time and wrote on various topics for not only his blogs but for his clients as well.

Posts by Williams Harris:

Exterior Renovation

5 Exterior Renovation Ideas For Homeowners

The outer appearance of your home dictates a significant amount of its value. Not only should the exterior of your home match its architectural design and have the perfect aesthetic look, but it should also be a haven for you and your family. Most homeowners believe the exterior of their homes needs to be touched up every once in a while.

We have compiled a list of 5 exterior renovation ideas from SuperiorPRO to assist you in making the most of the exterior of your home. These ideas will help you make the right decision, from replacing your shutters to updating your roof and more. Read on!

1. Use A Pop Of Trim Color

Incorporating a pop of trim colors is a trending home renovation idea. To make your home an attractive site for everyone who visits, ensure that you only select colors that complement the exterior of your home. Make sure to use these bold colors in moderation to avoid overwhelming your house’s palette.

2. Upgrade Your Roof

A roof can change the functions and looks of your home in diverse ways. Replace your roof with high-quality architectural shingles if you notice it is getting old. Contrary to traditional shingles, modern roof shingles can keep your house cooler.

In addition, you can update your roof by installing a metal roof for a more contemporary look. Look for tile roofs in bright or dark colors for the most effective results. If your home has an old-fashioned style, replace your house with concrete modern tile roofs for more durability.

3. Add A Front Porch

Adding a porch as part of your exterior renovations significantly increases its value. Porches not only give a welcoming look to the frontage, but they also offer outdoor or living space.

You can choose between a large or small porch. However, ensure you have enough space to include seating and options like fans and fire pits to enhance your porch’s style and flexibility.

4. Replace Your Shutters

Generic shutters are not appealing in any way. Fortunately, you can choose from numerous stylish exterior shutters on the market today. These shutters are available in modern or country styles. Either way, look for shutters that complement your home’s curb appeal and exterior architecture. Also, complete them with a bold color to make them stand out.

5. Install Bigger Windows

It’s often said that windows are the eyes of a home. Small windows can detract from the aesthetic look of your home, making the interior seem dark. Consider replacing your small windows with larger ones to add dimension to your exterior.

Partner With A Reputable Company For Your Home Remodeling

Avoid the hassle of searching for a contractor when you are ready to start your home exterior renovations. You will likely do it yourself. There are numerous companies online that you can consult with for your exterior renovations.

If you choose a company for any of the above renovations, ensure that you communicate your options effectively. This will ensure that the experts provide the highest quality materials and do the installation with the most effective techniques.

Also Read About What Factors Go Into the Cost of Homeowners Insurance?

Business

How Lenders Assess A Business Before Lending Financial Support.

Financing your business can be tough and it’s not always easy to secure external funding either. You might think it’s relatively easy to be approved for a short term loan, but in actuality, there are a lot of things that lenders look at before making their decision. So, if you’re wanting to get funding for your business from a lender, keep reading and discover what sort of criteria they’ll consider before lending you the financial support that you need.

Credit Checks And Score

One of the first things a lender will check when assessing your loan application is your business credit score. Your score is visible to all lenders, so it’s worth checking it before you apply for a loan as sometimes a bad score can mean an automatic rejection. There are some lenders that will still consider you if you have a bad credit score, but you’ll need to seek them out. The reason your credit score is so highly considered is because it demonstrates to lenders how good your business has been at paying back other forms of finance. You may find that the higher your credit score, the higher amount of finance you could be approved for too. If your business hasn’t had the time to build up a credit score yet, then the lender may look at your personal one. It’s good to be aware of your own score just in case this happens, as again, a bad score could mean your application is denied.

Profits And Losses

When you apply for finance, you’ll most likely have to submit a copy of a few years’ worth (if you have it) of your turnover and losses. This is so the lender can see if you’re succeeding and growing as you should be. If you’re not able to demonstrate that your business is capable of generating a turnover, the lender may not see you as a viable venture to lend to. Without these things to support you, your affordability may seem not as good to the lender, which will make you too much of a risk to approve as you may not make the repayments.

Current Debt

If you’ve already taken out some form of finance for your business like a credit card or overdraft, a lender will look at how much of these you’ve managed to pay off. If you have too much debt already, they may deny you because it can seem too risky to lend to you again. Some level of debt is acceptable, but if you have a lot of debt at high amounts, then the lender can deem you not able to cope with another financial repayment.  

Length Of Operations

A financial lender will also check how long your business has been running. Ideally, they want to see a business that has a good few solid years behind them so they know that you’re not likely to go under any time soon. This also demonstrates to them that you’re able to grow, showing you can make the repayments necessary. When you request financial support, you’ll be subject to interest rates, making your total repayment larger than your original amount. Lenders want to know that they’ll be able to get this full amount back, so they want a business that they can see is viable and able to sustain the repayments until the term is completed.

Business Spending

Your business spending is equally as important as your profits and losses. A lender may ask for your business’s bank statements for the past 3 months at least. This way they can see how you manage your spending and how much you’re paying out each month. If you’re applying for financial support, it’s a good idea to take a look at your bank statements before applying and try to view them from the lender’s point of view. Then you can see if you need to make changes before completing your application.

Any Collateral

Some lenders will request that you have some form of collateral when applying for their support, so it’s crucial that you’re able to provide it if asked to do so. The reason for collateral is so that the lender has an extra layer of security to fall back on should your business not be able to make the repayments. If you don’t have any form of collateral to offer, your application to that lender could be rejected. However, if your business doesn’t have any collateral to offer, the lender may ask you to make a personal guarantee instead. Checking if you have collateral to offer demonstrates to the lenders that you’re also unlikely to jump ship any time soon, so it makes you less of a risk to lend to.

The Economy

Business lenders will take a good look at the current economy before lending to you as well. For example, if you’re opening your own independent coffee shop, the lender will investigate the current coffee market and see whether or not it’s a viable venture based on the state of the economy. They’ll also check out your competition to make sure that you’re not setting yourself up for failure, and in turn, not able to pay them back.

Personal Capital Invested

When you own a business, it’s assumed that you would have some of your own personal capital invested in it. If you don’t, a lender may question why and wonder if you’re actually committed to your business. A lender will want you to demonstrate that you’re determined to make your business work, and if they can’t, they might not believe in your venture as much. Applying for financial support as a business isn’t easy and it can be a long process. However, now that you’re armed with the knowledge of what they look for, you should be able to prepare yourself and your business to the best of your ability. Ticking all their boxes is the best way to get your application approved, so make sure you investigate what each lender will require, and you’ll be well on your way to getting the financial support that you need.