5 Important Tips To Help Smooth Your Move When You Have Teens In The Home

teens around the house movingYou’ve got a new job offer across the country and you are planning to pack your things, buy a home and make the big move.

However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?

Moving is a difficult transition and it is often even more traumatic for teenagers. The teenage years are an important stage where young adults establish their individuality and independence and during this time their social circle is extremely important to them.

Being removed from that against their will can make any teen feel sad, confused, angry and resentful. Also, fitting into a new social scene in a different location can be a challenge for a teen that might be singled out as the “new kid”.
How can you help your teen during this transition so that the experience will be easier on them?

5 Tips To Help Your Teen Move More Smoothly
Here are some tips that will make the experience of moving a little bit easier on your teenager:
Give them as much notice as possible so that they have time to adjust to the idea of moving. They will feel like they have enough time to say goodbye to their friends and close a chapter of their lives.

Try to schedule the move around the school calendar, as moving in the summer is much less disruptive to your teen’s life than relocating in the middle of the school year.

Make sure that they have ample time to spend with their close friends before they leave and once you arrive, understand that they might go through a grieving process of missing their old pals.

When you get to your new home, make sure that your teen has plenty of ways to keep in touch with their old friends, such as an internet connection and a cell phone plan.

Encourage your teen to get involved in the community of your new hometown, like joining sports clubs or attending events. This can help them to make new friends.

Moving to a new city is always exciting but offers challenges like this one for families. For more advice on moving to a new home, contact your trusted mortgage professional today.

How To Improve Your Credit Score For Better Financing Terms

credit repair pointers

Imagine that you’ve found the perfect home and are ready to apply for financing. Your home loan approval amount comes back lower than you would have expected and at an interest rate significantly above what you have heard is available on the market.

This could be because you have an average to poor credit score.

Mortgage lenders base interest rates on many things, but your credit score plays a large part. Anything between 720 and 850 will typically qualify for better interest rates. A mediocre score is usually between 660 and 719, and a low score is 659 and under.

If you have a lower score than you’d like, below are a few traits for you to follow of people who possess higher credit scores and secure the best home financing.

They don’t max out their cards.

It’s better to keep a low revolving balance on a few cards than to spend every dime allotted on one. The ratio of credit card balance to your credit limit is called credit utilization. The higher your credit utilization, the larger affect it can have one your credit score.

They make payments on time.

This is very likely the most important tip for your credit health. If you miss a payment on a term loan, credit card account or monthly home bill, then you could be turned over to collections, which will affect your score negatively. You will almost surely be reported as late to the credit bureaus, which will in turn drop your credit score precipitously. Absolutely make all of your payments before their due date.

They stay with one card.

Don’t close and open credit card accounts frequently. Each time you make a change to your line of credit, it affects your score. Even if you don’t want to be tempted to use a credit card, keep the account open and leave the card at home. According to the Fair Isaac Corporation (FICO), high credit achievers have accounts that are usually at least 11 years old.

Excellent credit could qualify you for a better interest rate, which might save you thousands of dollars over the life of the loan. So stay on top of your monthly credit bills and keep a low balance on just a few cards to watch your score steadily increase.

If you’re ready to learn more about your ability to purchase a home, call your trusted home financing professional today.

Fixing Up An Historic Home : The Three Rs

Fix up an historic homeIf you enjoy both history and fixing things, then you may have trouble driving by historic homes for sale without feeling the urge to buy and fix one up.

Before you do, however, you should know the three R’s of fixing historic homes — Restoration, Renovation, and Repair.

Restoration
“Restoration” is the process of returning a home to its original state. Restoring historic homes often requires city and state permission. It’s essential that you check to see whether your home is listed in the National Register of Historic Places (NRHP); or, whether it’s located in a historic district. If either is true, there may be a specific set of rules to follow while renovating.

Restoration can be an expensive endeavor. For a home to keep its historic value, the materials used must match the home’s original materials, including furnishings. This can be costly because of antique value.

Renovation
Renovating is less complicated and less restrictive as compared to restoring. However, via a renovation, a home often becomes a more “modern” living space, which can lower the home’s historic value. Be sure that your home is not listed in the NRHP or located in an historic district before beginning renovations.

Depending on size of the project(s), renovations can be expensive, too. However, it’s easier to find great deals on modern appliances as compared to the antique appliances required for a restoration.

Repair
Repairs are often less intensive than a restoration or renovation. For repair, be sure to use materials which fit the home’s character, which may include plaster walls and wooden floors, for example. Matching original materials is not important in the home repair process..

The cost of a repair project will depend on the size and volume of required repairs.

The differences between a restoration, renovation and repair of an historic home may be minor, but those small differences will change your costs, your timeline and your procedural red tape. Speak with an qualified architect if you’re unsure of your obligations as the owner of a historic home.