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Welcome to the ultimate guide on converting a carport to a garage. Whether you reside in the vibrant city of Nashville, TN, and dream of transforming your carport into a garage with a guest living area, or you just bought a house in the quaint and charming city of San Marcos, CA, where you envision creating a mini bar and recreational living space, this Redfin article provides a comprehensive list of all the major considerations you should to take into account before you begin your project. 

Converting a carport into a functional and versatile space is not only a trending home feature that adds value to your home but also opens up a world of exciting possibilities. In this article, we’ll provide you with a comprehensive checklist to consider before starting on your carport conversion project, along with fresh and innovative ideas that will inspire and elevate your project to new heights.

Carport garage conversion checklist

1. Check your local building codes, HOA regulations, and permits

Before starting on a carport garage conversion, it’s crucial to familiarize yourself with the specific building codes and regulations in your area. Local building codes determine the minimum standards for construction, safety, and design, ensuring that the garage conversion meets essential requirements. Additionally, if your property falls under a Homeowners Association (HOA), their rules and guidelines may impose restrictions or design criteria for garage conversion. 

Ensure compliance with both the local authorities and the HOA to avoid potential legal issues or costly alterations down the line. Furthermore, obtain all necessary permits before beginning your project as these documents ensure that the project is reviewed and approved by the appropriate authorities and that it adheres to safety and zoning standards.

2. Determine your budget and financing options

Creating a comprehensive budget is a crucial step before starting any carport garage conversion project. Carefully assess the scope of your project, including materials, labor, permits, and any additional features or amenities you plan to incorporate. Factor in unexpected expenses to allow for flexibility during the project. If your budget exceeds your available funds, explore financing options such as home equity loans, personal loans, or lines of credit. Make sure to choose a financing solution with favorable terms and interest rates that align with your financial capabilities.

3. Hire a professional for a structural assessment

Converting a carport into a garage involves altering the existing structure, and it’s vital to ensure its stable and durable. Engage a qualified and experienced professional, such as a structural engineer or contractor, to conduct a thorough assessment of the carport’s foundation, framework, and load-bearing capacity. They will identify any potential weaknesses or areas that require reinforcement to support the additional weight of walls, roofing, and other modifications. The structural assessment provides crucial insights that guide the design and construction phase, ensuring that your new garage is safe and built to last. 

Relying on professional expertise during this stage minimizes the risk of structural issues and potential hazards in the future. Before commencing any home improvement project, make sure to ask contractors questions to ensure their qualifications, experience, and adherence to local regulations and building codes. This proactive approach will help you select the right professional for the job and provide peace of mind throughout the conversion process.

4. Plan the design and layout of your garage 

Careful planning of the design and layout is essential for creating a functional and aesthetically pleasing garage. Consider the number of vehicles you want to accommodate, as well as any additional storage needs or utility areas, such as a workbench Think about the placement of windows and doors to ensure sufficient natural light and easy access. If you intend to use the garage for multiple purposes, create designated zones to optimize space. Sketch out your ideas and explore various design options to find the one that best suits your needs and complements the overall architecture of your home.

5. Select the appropriate building materials

Choosing the right building materials is vital for the structural integrity, durability, and appearance of your garage. Select materials that align with your design preferences and work best for your local climate. For example, if your area experiences harsh weather conditions, opt for materials that offer superior weather resistance. Consider the type of walls, like wood or concrete blocks, and the types of roofing materials, like asphalt shingles or metal that will suit your needs and budget. High-quality materials may require a higher upfront cost but can save you money in the long run by reducing maintenance and repair expenses.

6. Plan for ventilation and climate control

Proper ventilation and climate control are essential to maintain a comfortable and safe environment within the garage. Adequate ventilation prevents the buildup of moisture and fumes, which can lead to mold growth and unpleasant odors. Install vents or exhaust fans to promote airflow and improve air quality. Additionally, consider insulation to regulate temperature extremes, keeping the garage cooler in summer and warmer in winter. If you plan to use the garage for activities that generate heat, such as a workshop or home gym, consider incorporating heating and cooling systems to ensure a pleasant workspace year-round. Efficient ventilation and climate control contribute to the longevity of the garage and protect any valuable items stored inside.

7. Determine if you need utility connections

Evaluate whether your garage conversion requires utility connections such as electricity, water, or gas. If you plan to use the garage as a workshop, laundry room, or home office, electrical outlets are essential to power tools and appliances. If you need water for a utility sink or bathroom, ensure the plumbing connections are feasible. Consider the potential cost of extending utilities to the garage and consult with professionals to understand the best approach for connecting utilities safely and efficiently.

8. Explore your garage door options

Selecting the right garage door is crucial for convenience, security, and aesthetics. Assess various garage door types, such as overhead roll-up doors, sectional doors, or swing-out doors, each offering different benefits. Also, consider the material of the garage door, such as steel, wood, or aluminum, based on your preferences and budget. Automatic garage door openers with remote controls provide added convenience and security. Choose a garage door that complements the architectural style of your home and meets your functional requirements.

9. Plan for lighting

Proper lighting is essential for a functional and safe garage. Assess the lighting needs based on the garage’s intended use. Overhead lighting provides general illumination, while task lighting is necessary for work areas. Consider LED lighting for its energy efficiency and long lifespan. If you want to maximize natural light, strategically place windows or skylights to enhance brightness during the day. Motion-activated lights around the garage’s exterior can also serve as security measures, deterring potential intruders.

10. Consider security measures

Garages often store valuable items like vehicles, tools, and equipment, making security a top priority. Install sturdy locks on all doors, including entry doors and any connecting doors to the house. Consider an alarm system to protect against theft and unauthorized access. Security cameras provide surveillance, allowing you to monitor activities around the garage. Motion sensor lights outside the garage act as a deterrent and enhance visibility during nighttime. Additionally, if you have windows in the garage, consider adding window locks for added security. By incorporating these security measures, you can safeguard your belongings and ensure peace of mind.

Carport conversion garage ideas

A garage is more than just a space to store cars, it can be a versatile extension of your home. Once you have converted your carport into a functional area, it’s time to consider a garage makeover that will elevate its potential even further. Explore exciting ideas such as transforming your garage into a dedicated home gym, a productive home office, or a fun-filled playroom. 

For DIY enthusiasts, a well-organized workshop area can become a dream come true. Alternatively, create a cozy pet area to ensure your furry companions have a safe and comfortable space. With these creative garage makeover ideas, your garage will become a dynamic and multi-functional space that enhances your lifestyle and adds value to your home.

Workshop space

Converting your home garage into a workshop area is a dream come true for DIY enthusiasts and hobbyists. Start by installing a sturdy workbench with ample storage for tools and materials. Organize your tools on peg boards or wall-mounted tool racks for easy access. Adequate lighting is crucial for precision work, so consider adding task lighting above the workbench and general overhead lighting for the entire space. Enhance functionality by incorporating built-in shelves and cabinets for storing supplies. Insulate the garage to regulate temperature and make it a comfortable workspace year-round. With a dedicated workshop in your garage, you’ll have the ideal environment to unleash your creativity and complete various projects with ease.

Playroom

Converting your garage into a versatile playroom creates a dedicated space for recreational activities and entertainment for all members of the household. Start by creating a blank canvas with neutral colors to suit various interests and age groups. Consider adding soft and comfortable flooring for activities like yoga, board games, or simply lounging around. Install ample storage solutions such as shelves, bins, or cabinets to keep toys, games, and recreational equipment organized and easily accessible. Incorporate versatile furniture like bean bags, floor cushions, and modular seating to accommodate different play activities. 

Add a chalkboard or whiteboard wall for creative expression and interactive fun. Integrate a variety of entertainment options, such as a TV, gaming consoles, or a projector for movie nights and virtual adventures. By creating a multifunctional playroom in your garage, you’ll have a space where everyone can unwind, have fun, and spend quality time together.

Home office

Converting your garage into a home office allows you to create a productive workspace away from distractions inside the house. Start by insulating the garage to ensure a comfortable and quiet environment. Consider adding windows or skylights to bring in natural light and create a pleasant working atmosphere. Install a sturdy desk and ergonomic chair for comfortable hours of work. Organize the office with shelves, filing cabinets, and storage solutions for a clutter-free space. Set up a reliable internet connection to stay connected and productive. If necessary, add heating and cooling systems to maintain a comfortable temperature. Personalize your home office with artwork, plants, and decor to create a motivating and inspiring workspace that enhances your productivity and creativity.

Home gym

Transforming your garage into a home gym provides the ultimate convenience for fitness enthusiasts. Clear out clutter and install rubber or foam flooring to create a safe and comfortable workout area. Incorporate wall-mounted mirrors to check your form and enhance the sense of space. Install proper ventilation or fans to keep the air fresh during intense workouts. Organize your gym equipment with wall-mounted racks or freestanding storage systems. Consider adding a sound system to keep you motivated during exercise sessions. With a home gym in your converted garage, you can exercise at any time without the hassle of traveling to a commercial gym, ensuring a more consistent and effective fitness routine.

Pet play area

Transforming your garage into a pet play area provides a safe and comfortable space for your furry companions. Clear out the garage and create a cozy environment with pet-friendly flooring, such as rubber mats or pet-safe carpeting. Designate specific areas for your pets to rest, play, and eat, and consider adding built-in pet beds or kennels. Install proper ventilation to maintain a fresh and odor-free atmosphere. Set up storage for pet supplies and accessories, including food, toys, and grooming tools. Ensure the garage is secure with pet-friendly doors and windows, allowing your pets to enjoy the outdoors safely. By converting your garage into a pet area, you offer a dedicated space where your pets can feel at home and be well-cared for.

Home bar and entertainment area

Converting your garage into a stylish home bar and entertainment area provides an ideal space for hosting gatherings and unwinding with friends and family. Install a functional bar counter with seating, complete with a sink and storage for drinkware and beverages. Consider adding a mini-fridge, ice maker, and wine cooler for easy access to refreshments. Set up a media area with a large-screen TV, sound system, and comfortable seating for movie nights and sports events. Enhance the ambiance with mood lighting, such as pendant lights or LED strips. Add decorative elements like wall art, mirrors, and shelving to showcase your spirits collection and add character to the space. With a well-designed home bar and entertainment area, your garage will become the go-to spot for fun and relaxation.

Laundry room

Transforming your garage into a laundry room not only significantly enhances your home’s functionality but also provides the added benefit of maintaining a clean and organized garage space. Install a utility sink for handwashing and soaking clothes, and set up space for your washing machine and dryer. Add ample counter space for folding and organizing laundry. Integrate built-in cabinets or shelves for storage of laundry supplies, cleaning products, and household essentials. Consider a drying rack or designated hanging space to air-dry clothes. Ensure the garage is well-ventilated for humidity control and maintain a pleasant atmosphere while doing laundry. By transforming your garage into a laundry room, you can streamline your laundry routine and keep your living spaces tidy and clutter-free.

Art and music studio

Transforming your garage into a versatile music and art studio at home provides an inspiring and creative space for artistic expression and musical pursuits. Start by creating a well-lit environment with ample natural light and adjustable artificial lighting to cater to various art and music needs. Install soundproofing materials like acoustic panels or foam to minimize sound leakage and ensure optimal acoustics for musical instruments. Consider adding storage solutions like shelves, drawers, and cabinets to organize art supplies, paints, brushes, and musical equipment. 

Set up designated areas for artwork creation, musical instrument practice, and recording projects. Personalize the studio with artwork, musical memorabilia, and decor that reflect your unique style and inspirations. With a dedicated art and music studio in your garage, you’ll have a sanctuary to explore your creative passions and immerse yourself fully in the world of art and music.

Guest room

Converting your garage into a cozy and welcoming guest room is a fantastic way to provide a welcoming space for visiting friends and family. Begin by decluttering and insulating the garage to create a comfortable environment. Install proper lighting and ventilation to ensure a pleasant stay for your guests. Consider adding a comfortable bed, storage solutions, and decor that make the guest room feel like a home away from home. Personalize the space with thoughtful touches to make your guests feel special and cared for during their stay. 

However, before proceeding with the conversion, be sure to check with your local authorities about Accessory Dwelling Units (ADUs) regulations, as these may apply to the guest room conversion depending on your area’s zoning laws and building codes. Taking these factors into consideration will help you create a delightful and compliant guest room for your loved ones.

Source: redfin.com

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Are you looking to create a tranquil escape right in your own backyard? In this Redfin article, we will explore the world of privacy fences and offer expert tips to help you build the perfect enclosure for your outdoor sanctuary. Whether you’re in Raleigh, NC, or Sarasota, Florida, we’ve got privacy fence ideas that can suit no matter where you live. Building a privacy fence can be the perfect solution to achieve serenity and seclusion. 

Let’s explore the world of privacy fences, from the practicalities of cost and construction to the creative ideas that will turn your backyard into a personal sanctuary. 

Is building a fence for privacy a good idea?

Building a fence for privacy can be a great idea, depending on your specific needs and preferences. Privacy fences offer numerous benefits, such as creating a secluded outdoor space where you can relax, entertain, or engage in activities without feeling exposed to neighbors or passersby. They also enhance security, providing a physical barrier and helps keep pets and loved ones safely contained within your property. Additionally, privacy fences can add value to your home and improve curb appeal, making it an appealing option for potential buyers.

How much does it cost to build a privacy fence?

Building a privacy fence cost can vary based on several factors, including the fence’s material, height, length, and labor costs. On average, the cost of building a privacy fence can range from $15 to $30 per linear foot. For instance, a standard wood privacy fence typically costs around $20 to $30 per linear foot, while vinyl or composite privacy fences can range from $25 to $50 per linear foot. Additionally, factors like the terrain, site accessibility, and any extra features, such as gates or decorative elements, can influence the total cost.

For example, let’s consider a 100 linear feet privacy fence made of wood. If the average cost is around $25 per linear foot, the total cost would be approximately $2,500 (100 ft x $25/ft). However, if you opt for a more durable material like vinyl, which costs around $40 per linear foot, the same 100 linear feet fence would cost $4,000 (100 ft x $40/ft). 

These figures exclude any additional expenses like permits, removal of existing fences, or landscaping adjustments. Keep in mind that the labor costs for fence installation can also vary depending on your location and the complexity of the project. It’s essential to obtain detailed quotes from reputable contractors to get a more accurate estimation for your specific privacy fence project.

Privacy fence ideas

You might be wondering what type of fence you should get to add privacy and beauty to your outdoor space. We’ve compiled a variety of privacy fence ideas to suit your preferences, whether you’re aiming for a classic look, a modern design, or a touch of greenery. 

1. Board-on-board wood fence

A classic and popular choice for privacy, the board-on-board wood fence features overlapping vertical boards on both sides of the fence, creating a seamless look with no gaps between the boards. This design provides maximum privacy and a clean, attractive appearance.

2. Vinyl privacy fence with lattice top

Vinyl fences offer low maintenance and durability. Adding a lattice top to a vinyl privacy fence not only increases height and privacy but also adds an elegant touch. The lattice allows some sunlight and air to pass through while maintaining a sense of seclusion.

3. Bamboo privacy fence

For a natural and eco-friendly option, consider a bamboo privacy fence. Bamboo panels are sustainable, aesthetically pleasing, and provide an exotic touch to your outdoor space. They can be installed as standalone panels or attached to an existing fence structure.

4. Metal privacy screens

Metal privacy screens are a modern and stylish alternative to traditional fences. Available in various patterns and designs, metal screens can add a contemporary touch to your outdoor area while still providing privacy.

5. Living green privacy wall

Create a living privacy fence with lush greenery by using climbing plants or creating a green wall. Options like ivy, climbing roses, or tall shrubs can soften the appearance of your fence and add a natural, inviting ambiance to your yard.

How to build a privacy fence

1. Check local regulations

Before starting on your privacy fence project, it’s crucial to research and understand the local regulations, building codes, zoning ordinances, and any guidelines set forth by your homeowner association. These rules can vary significantly from one area to another and may dictate the maximum height, setback requirements, permitted materials, and other restrictions related to fence installation. Ignoring these regulations could lead to costly fines or having to tear down non-compliant fences. You can contact your local building department or visit their website to obtain the necessary information.

2. Determine the fence’s location and layout

Careful planning of the fence’s location and layout is essential to ensure you get the most out of your privacy fence. Start by marking the fence line using stakes and strings. Double-check the measurements to avoid any encroachment onto neighboring properties. Consider factors such as property lines, existing structures, trees, and landscaping that may influence the fence’s placement. Think about how the fence will affect the flow of your outdoor space, where the main entrances will be, and how it will provide the desired privacy. Taking time to plan the layout will save you from potential complications during the construction phase.

3. Gather the required materials and tools

Once you have the fence layout planned out, it’s time to gather all the necessary materials and tools. Start by choosing the right fence materials that align with your budget and aesthetic preferences. Popular privacy fence options include wood, vinyl, aluminum, and composite materials. Depending on your choice, purchase fence panels, posts, gate hardware, screws, and other required accessories. 

Additionally, ensure you have the appropriate tools to complete the project efficiently and accurately. Common tools for building a privacy fence include a post hole digger, shovel, level, tape measure, saw, drill, and a hammer. Quality materials and proper tools will ensure a sturdy and long-lasting privacy fence that withstands the elements and provides the desired level of privacy.

4. Prepare the ground

Before commencing the actual fence installation, you must prepare the ground along the fence line. Clear the area of any vegetation, debris, or obstacles that could hinder the fence’s construction. If your area experiences heavy rain or has poor yard drainage, consider grading the ground to ensure proper water runoff. Once the area is clear, begin digging the post holes. The depth of the holes should be at least one-third of the length of the fence posts to provide stability. 

Use a post hole digger or an auger to dig the holes uniformly, and ensure they are straight and level. Installing the fence on uneven ground can lead to an uneven appearance and structural issues, so take your time to achieve a level and solid foundation.

5. Install fence posts

After digging the post holes, it’s time to install the fence posts. Place the posts into the holes and fill the bottom with a few inches of gravel. The gravel helps with drainage and prevents water from pooling around the base of the posts, which can lead to rot over time. Use a level to ensure each post is plumb and straight before proceeding. Once the posts are correctly positioned, it’s time to set them in concrete. 

Follow the manufacturer’s instructions for mixing and pouring the concrete, making sure it reaches the desired strength. Allow the concrete to cure completely before moving on to the next steps. Properly installed and secured posts are the backbone of a sturdy privacy fence, providing stability and support for the entire structure.

6. Attach fence panels

With the fence posts set in concrete, it’s time to attach the fence panels to complete your privacy fence. Begin by aligning the first fence panel with the first two posts and attach it using screws or brackets. Ensure the panel is level and plumb before moving on to the next section. Repeat this process for each panel, ensuring uniform spacing between them for a consistent and professional appearance. 

If you have chosen pre-built fence panels, it will make the installation process smoother. However, if you are using individual pickets, take extra care to align and attach them evenly. Additionally, if you have any gates in your fence design, make sure to follow the manufacturer’s instructions to install them securely and smoothly.

Remember to follow safety precautions while digging and working with heavy materials and tools. Double-check all measurements and levels throughout the process to ensure accuracy and alignment. 

7. Add finishing touches

After the fence panels are securely attached, it’s time to add some finishing touches to enhance the overall appearance and functionality of your privacy fence. If you opted for wooden fencing, consider trimming the tops of the fence posts for a more polished and cohesive look. You can choose from various decorative post cap designs that complement your property’s style. Post caps not only add an aesthetic appeal but also protect the fence posts from moisture and potential rot. 

Additionally, if your fence design includes a gate, install latches and handles that match the overall style of the fence. Ensure the gate operates smoothly and securely, and consider adding a self-closing mechanism for added convenience and safety.

8. Double-check stability

Before completing the fence installation, thoroughly inspect the entire fence for stability and structural integrity. Ensure that all fence panels are securely attached to the posts and that the posts are firmly set in the concrete footings. Wiggle the fence panels and gates to check for any loose connections. Use a level to ensure the fence panels are still straight and aligned correctly. Address any issues you find promptly to avoid future problems. 

9. Test the privacy

After completing the fence installation, take the time to test the privacy it provides. Stand at various points around your property to assess if the fence effectively shields your outdoor space from eyes. Make any necessary adjustments, such as adding more privacy-enhancing elements like lattice panels or planters with climbing vines. Depending on your property’s layout and the surrounding environment, you may discover specific areas where additional privacy measures are needed. 

10. Maintain your fence

To prolong the life and appearance of your privacy fence, regular maintenance is essential. Perform routine inspections to check for any loose screws, damaged panels, or signs of wear. Clean the fence periodically to remove dirt, debris, and mold growth, especially in damp environments. Depending on the fence material, you may need to apply protective coatings or treatments to shield it from the elements. Wooden fences may require staining or sealing every few years to prevent rot and decay. 

The dos and don’ts to building privacy fences

To ensure a successful and satisfying project, it’s essential to consider both the dos and don’ts of fence construction. 

Do’s for building a privacy fence

1. Do consult your neighbors

Before starting your privacy fence project, communicate with your neighbors about your plans. Inform them about the fence’s design, height, and location to avoid any potential disputes or surprises. While you might have the legal right to build the fence within your property boundaries, maintaining a good relationship with your neighbors fosters a sense of community and reduces the likelihood of conflicts arising in the future.

2. Do consider wind resistance

If you live in an area prone to strong winds or storms, consider the wind resistance of your privacy fence. Tall and solid fences can act as a wind barrier and create pressure on the fence panels and posts. To mitigate this, opt for fence designs that allow wind to pass through, such as lattice or picket fences. Alternatively, create small gaps between the panels or use fence materials with spaces, which reduces the wind load and minimizes the risk of damage during storms.

3. Do call utility companies before digging

Before digging the fence post holes, call your local utility companies to mark any buried utility lines on your property. Striking underground utilities can lead to dangerous situations and costly repairs. Utility companies usually offer this service for free, and marking the lines will ensure you avoid any accidental damage during the fence installation process.

Don’ts for building a pivacy fence

1. Don’t forget about gate access

When designing your privacy fence, don’t overlook the importance of gate access. Ensure your fence has appropriately sized gates to accommodate easy movement of people, equipment, and furniture in and out of your property. Consider installing a wider gate for vehicle access if required. Choose gate hardware, such as hinges and latches, that are durable and designed to support the weight of the gates to prevent sagging or misalignment.

2. Don’t ignore the quality of materials

While budget considerations are essential, don’t compromise on the quality of materials for your privacy fence. Choosing durable and weather-resistant materials will ensure your fence stands the test of time and requires less maintenance. Investing in high-quality materials upfront can save you money on frequent repairs and replacements in the long run.

3. Don’t disregard drainage considerations

When installing your fence, don’t overlook the importance of proper drainage. Improperly planned fences can impede water flow, leading to water pooling around the fence posts or panels. Over time, this can cause rot and weaken the fence’s foundation. To avoid this issue, ensure the ground slopes away from the fence or incorporate drainage solutions like French drains to divert water away from the fence line.

Source: redfin.com

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On December 20th, Bank of America downgraded shares of Re/Max (NYSE:RMAX) to a sell rating with a $56.00 price target on the financial services provider’s stock. Analysts from Zacks also downgraded RMAX to a “sell” rating in a later report. Other analysts have rated the stock as a buy or hold on an earlier earnings report from RMAX.

As of this writing, RMAX shares are down to $30.92 from a six-month high of $56.25 per share. Despite the negative trend, there is good news for those vested in the stock. A recent  Zacks Equity Research report the day before Christmas spotlighted RMAX in a crisp comparison with Jones Lang LaSalle (JLL) which revealed a lot about the short and long-term potential of both stocks. As I type this, Jones Lang LaSalle retains a Zacks Rank of #2 (Buy), while RE/MAX is lagging with a Zacks Rank of #4 (Sell). But, the Zacks report goes on to reveal why JLL is rated so much higher than RMAX.

Key among the other variables Zacks is the fact JLL has a P/B ratio of 1.59, while RMAX has a P/B of 7.17. As a reminder, the P/B ratio is what Zacks and other analysts use to compare a stock’s market value against its book value. The basic equation is the result of subtracting total assets minus total liabilities. The corresponding value is the reason JLL holds a Value grade of A, against RMAX with a Value grade of C. Other variables in the report explain why so many analysts have devalued RMAX recently. JLL currently has a forward P/E ratio of 11.45, against RMAX forward P/E of 12.94. Other metrics paint a clearer picture for the struggling stock.

Another kind of predictor called the Altman Z score was developed a few decades ago by an. Published by Edward I. Altman back in 1968, the Altman Z can predict a company going bankrupt within 2 years with 90% accuracy. Currently, RMAX Altman Z score of 3.734334, which indicates the company is unlikely to default in the next couple of years. RMAX stock stands nearly -52.83% off versus a 52-week high and 3.81% off from the 52-week low, with the current shares currently owned by investors at 18.14 million. Mixed as these signals seems to be, it’s good advice for investors interested in quality ratios of RMAX to into consideration the Gross Profitability of the stock, which is currently 0.498758. Another factor of confidence for RMAX is the moderately low Montier C-Score of 2.0, which indicates the company is unlikely to be cooking the books. A million mixed signals, so what’s the bottom line on RMAX?

Even the most profitable and stable stocks face setbacks from time to time. The mixed or even negative signals in media make the trading decision a tricky job at best. It’s a certainty that making these decisions based on one piece of data is a perilous strategy, but deciphering myriad equations and functions are no less hazardous. Negative information about a company usually prompts investors to sell quickly without delving into the deeper metrics. The same is true where positive intelligence is concerned. As for RMAX value now, my recommendation in a mixed bag of appraisals is to follow the big money. Having said that, BlackRock Inc. increased its position in Re/Max by 6.5% during the 2nd quarter of 2018, and now owns 2,432,754 shares of the financial services provider’s stock worth $127,598,000. BlackRock, for anyone who is not aware, is not in the business of losing investments. So, the “sell” rating put on RMAX means “buy” at the right price in my book. The next quarter of trading will tell, but my money is on holding the shares.

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets including part owner of Pamil Visions with wife Mihaela. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. Phil is currently top interviewer, and journalist at Realty Biz News.

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Source: realtybiznews.com

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Are you tired of being asked why you’re still single? It can be one of the most draining and uncomfortable questions out there. But fret not—being single doesn’t need to mean being alone! In this blog post, we’ll provide tips on how to respond when someone asks why you’re still single, teaching them (and reminding yourself!) that it’s more than okay to be unattached for now. So whether it’s your first time facing such an inquiry or the 50th, get ready to take back control with these simple responses from Redditors:

1. I have Personality Flaws I’m Unwilling Fix

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One user shared, “Because I have raging personality flaws that I’m unwilling to work on. Usually prevents any follow-up questions.”

Another user replied, “This is good. The first step is accepting that you have problems you’re unwilling to fix.”

One commenter added, “… I’ve never seen myself described in a single sentence before.”

Another Redditor said, “And you don’t even need to lie this time! Yeah, I see the issue here.” 

2. Have you Seen the Economy!?

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One Redditor posted, “Have you seen the economy!?”

One replied, “In this economy???? Hahaha, but I know people that live together ‘as a couple’ just because it is cheaper than separate. I live in Brazil, but I know Brazilians in Portugal that live in 3 couples in a small three-bedroom condo, just because six people working to share rent is the only way to make the month.”

One user added, “The economy is in shambles.” 

3 My In-laws were Unable to Conceive

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One user commented, “My in-laws were unable to conceive.”

Another added, “That’s really creative.”

One Redditor commended, “That’s the best reply I’ve ever seen. I wish I had enough brains to remember it.”

Another user said, “Excellently clever. I’m envious.”

One commenter added, “I had to think about this for a moment.” 

“Imma use this next time,” one user concluded. 

4. You See how Picky I am about Shoes: They only go on my Feet!

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One user posted, “Go full-on Cher from Clueless: “You see how picky I am about my shoes, and they only go on my feet!”

One commenter replied, “That movie was amazing.”

Another shared, “My go-to answer at this point is, ‘I really don’t know.’ Because I really don’t.”

5. Because I have a Radio Face

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One user shared, “Because I got a face for radio work.”

One replied, “…and a body for Standard Def.”

Another one responded, “…and a voice fit for silent films.”

One commenter said, “Objection! Radio work would not be a viable career choice if that were the case!” 

6. Look at my Face and Take a Guess

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One online user commented, “Look at my face and body and take a wild [hecking] guess.”

One responded, “‘But you don’t look bad at all.’ ‘If that’s so, would you date me?’ ‘Eww, no.’ ‘So you think I look bad.’ ‘I already told you that you don’t look bad at all.’ ‘So it’s me you don’t like.’”

One user commented, “Unironically correct, lol.”

7. I didn’t Pass the Beauty Standards

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One Redditor stated, “I didn’t pass the beauty standards of my country.”

One replied. “You pass the beauty standards of Antarctica.”

Another added, “Sounds like a compliment … until it isn’t. Also, how dare you assume that the ten or so scientists that are stationed there aren’t super hot.”

One commenter added, “They’re, at the least, very cold.” 

Another user shared, “Penguins are really attractive.”

8 I Don’t Meet Eligible People

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One user posted, “I don’t meet people (who could be potential partners), and I think more and more that I am not a ‘date’ type of person.”

One user replied, “You missed the arranged marriage era. It might have worked out for you. Perhaps you could borrow someone’s overbearing mother to find you a match.”

One Redditor added, “I have a couple of coworkers. One is Bangladeshi, the other is Indian. Their parents were like ‘Times are changing, you can marry for love if you want, and we’ll support you,’ and my coworkers were like ‘What the heck, you mean I’d have to DATE? [Forget that], please find me a husband.’

“Anyway one is now happily married and the other is constantly roasting her dad because he keeps offering her deadbeats riding on their dad’s coattails.”

Another commenter added, “No joke, arranged marriage sounds better and better, these days.” 

“Yes, yes, I didn’t consider that. Tnx,” another user replied. 

9. Why not?

Photo Credit: Shutterstock.

One of the Redditor commented, “Why not?”

One user then added, “That’s basically my response when my extended family asks this. They all have that small town, hurry up and settle down mentality, and are ALWAYS on my case about being single with no kids whenever I visit. Took me far too long to realize some of them are actually jealous. My money is MY MONEY. My time is MY TIME. I don’t have to confer with anyone before making a decision.”

Another user responded, “Misery loves company. They’re jealous…”

One Redditor added, “Do what you want whenever you want and indulge yourself and no sacralfices.”

Another user stated, “I’ve got a lot of friends from my hometown like that. I see how miserable some of them are and that’s repellent enough. Some of em got married way too young and didn’t vet their SO enough and realized they were crazy after they already got married.”

10. I’ve got the Personality of a Spoon

Photo Credit: Shutterstock.

“I’ve got the personality of a spoon,” one user shared.

Another asked, “Big spoon or little spoon?”

The OP answered, “The one you can never find a purpose for.”

Another user replied, “Salad spoon.”

11. Because I’d Rather be Alone and Happy 

Photo Credit: Shutterstock.

One online user commented, “Because i’d rather be alone and happy than dealing with someone else’s work drama and emotional problems lol.”

One replied, “Being in a relationship seems so exhausting, I’ve been single for several years now and have absolutely no urge to date.”

Another user commented, “too real.”

12. Because I Tell the Truth

Photo Credit: Shutterstock.

One Redditor shared, “I tell the truth. I’m shy and don’t really meet new people. I’ve not added to my friend group, aside from partners of existing friends, in about 20 years. At work I have acquaintances from work—they’re nice people but I don’t communicate with them outside of work. I live alone, I work mainly alone, I don’t have any hobbies or interest groups.”

One replied, “Same.”

13. None of your Business 

Photo Credit: Shutterstock.

“None of your business… that’s my usual response,” said one of the users.

Another user replied, “‘It’s because of Narnia.’ ‘Narnia?’ ‘Narnia business.’”

One also added, “It’s even cooler to turn it around on them: ‘Why would you think that’s your business?’”

Finally, another replied, “If they don’t know you that well, try weeping excessively. That discourages follow-up questions.” 

14. I’m not Single; I have a Motorcycle 

Photo Credit: Shutterstock.

One of the users said, “I’m not single. I have a motorcycle.”

Another user replied, “My cat takes up most of my free time.”

Another one responded, “What kind?”

One user added, “….and her name is Betsy and she lets me ride her all day and night, whenever I want.”

15. I’m Happy Single Right Now: Don’t Want to Ruin It

Photo Credit: Shutterstock.

One Redditor also shared, “I’m happy single rn. I wouldn’t want to ruin it.”

Another added, “When I was still single my response to this question was always ‘because I’m in a happy relationship with myself.’ I wasn’t, but it’s the thought that counts.”

One also confirmed, “I got out of a relationship a few months ago, it’s been rough but I really love my personal freedom. I’ll jump back in when I get tired of myself.”

Source: Reddit.

Image Credit: Shutterstock – Denis Makarenko

Who is one actress you can never stand watching, no matter their role?  After polling the internet, these were the top-voted actresses that people couldn’t stand watching.

10 Actresses People Despise Watching Regardless of Their Role

These 7 Celebrities are Genuinely Good People

Photo Credit: Shutterstock.

We’ve all heard the famous adage that “no publicity is bad publicity,” and while it tends to be accurate, there are certainly exceptions. But what about those few stars who stay out of the limelight and get along without a hint of trouble? 

These 7 Celebrities are Genuinely Good People

Photo Credit: Shutterstock

Have you ever known someone and thought you liked them—until you learned about their hobbies? Then you get to know them and then you’re like, “Wow, red flag.” Well, you’re not alone.

These 10 Activities Are an Immediate Red Flag

Photo Credit: Shutterstock.

Some celebrities definitely seem to enjoy the limelight and keep working to stay in the public eye. While others quickly move out of the spotlight. Many of these actors and actresses stepped out of the spotlight to live a more private life without constant media pressures.

10 Celebrities That Made the Big Times Then Disappeared Off The Face of the Earth

Image Credit: Troma Entertainment

We’ve all been there – sitting through a movie that we can’t help but cringe at, but somehow it still manages to hold a special place in our hearts.

These 10 Terrible Movies Are Still People’s Favorites



About the Author



Source: financequickfix.com

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Are you ready to create your very own DIY shed without breaking the bank? Whether you’re in sunny Orlando, FL, dealing with the winds in Oklahoma City, OK, or facing the seasons in Rochester, NY, this step-by-step guide is here to help you construct a shed that perfectly suits your needs and location. We’ve got you covered with various shed models, ensuring your build is a success, no matter where you are, while fitting your lifestyle. 

How to build a DIY shed on a budget

From planning and design to installing doors and windows, here are the essential elements to ensure a successful and cost-effective shed-building journey.

1. Planning and design

Proper planning and design are crucial when building a DIY shed on a budget. Start by assessing your specific needs for the shed, whether it’s extra storage space, a workshop, or a place to pursue hobbies. By clearly defining its purpose, you can determine the ideal size and layout to minimize unnecessary expenses. Sketch out the shed’s design, considering practical aspects like door and window placements to ensure adequate light and ventilation. It’s essential to plan for cost-effective construction methods, such as simple roof designs and standard dimensions, to reduce material waste and expenses.

When planning cost-effective construction, opt for straightforward shed designs that don’t require complex angles or special tools. A rectangular or square shape with a single-pitched roof is not only easier to build but also more budget-friendly. Moreover, think about incorporating salvaged materials like old doors, windows, or reclaimed lumber into your design. Reusing materials can significantly cut costs while adding a unique touch to your shed.

For those looking for an even simpler and more budget-conscious option, DIY shed kits are worth considering. Shed kits typically include pre-cut and pre-measured materials, along with detailed instructions, making the construction process more accessible for beginners. These kits often come in various sizes and styles, allowing you to choose one that fits your needs and budget. While DIY shed kits may have a slightly higher upfront cost, they can save you time and labor, ultimately translating into potential cost savings.

Additional Tip: Before purchasing any materials or starting construction, check with local authorities about building permits and regulations. Compliance with local codes is essential to avoid potential fines or setbacks during the construction process. 

2. Acquiring materials

Consider using pressure-treated lumber, which is durable and resistant to decay, at a lower price point than premium lumber. Reclaimed or salvaged materials can be excellent options for siding, roofing, and finishing touches, adding character to your shed while reducing expenses. Explore local classifieds, online marketplaces, or salvage yards to find discounted or secondhand building supplies. Additionally, reaching out to friends, family, or local community groups might lead you to unused materials they’re willing to part with. Being resourceful in sourcing materials can significantly contribute to cost savings.

Here is a checklist of basic tools needed for shed construction:

  • Measuring tape and level for precise measurements
  • Circular saw or hand saw for cutting lumber
  • Power drill with various bits for drilling holes and driving screws
  • Hammer and nails for traditional fastening
  • Screwdriver for assembling components
  • Safety equipment (gloves, safety glasses, ear protection) for protection during construction
  • Ladder for reaching higher areas during the build
  • Carpenter’s square for ensuring accurate angles

By having these essential tools on hand, you’ll be well-equipped to handle the construction efficiently and avoid costly delays or trips to the hardware store for missing items.

3. Preparing the site

Begin by selecting a level area with good drainage to prevent water accumulation around the shed. Clear the site of any debris, rocks, or vegetation that may interfere with construction. If the ground is uneven, consider using a shovel or a rented plate compactor to level the surface. Installing a base or foundation is essential for elevating the shed above the ground to protect it from moisture. For budget-friendly options, consider using a gravel or concrete block base, which requires less material and labor compared to a full concrete slab. Make sure to follow local building codes and regulations regarding setbacks and property lines.

Before construction, it’s a good idea to check the local utility lines and mark their location to avoid accidental damage during digging. Additionally, consider adding a layer of landscaping fabric beneath the foundation to prevent weed growth and improve drainage. If the site is susceptible to heavy rainfall or flooding, you might also consider building a raised platform or using pressure-treated lumber for the foundation to protect the shed from moisture. Proper site preparation will not only provide a stable base for the shed, but also prevent potential problems and costly repairs in the future.

4. Building the foundation

Depending on your budget and site conditions, there are several cost-effective options available. One of the simplest and budget-friendly choices is using concrete blocks or pressure-treated lumber as piers, which elevate the shed off the ground and prevent direct contact with soil and moisture. Another budget-friendly option is a gravel foundation, consisting of compacted gravel or crushed stone, which provides good drainage and stability. Follow the shed’s design and local building codes to determine the number and placement of piers or gravel pads. Once the foundation is in place, double-check its levelness and stability before proceeding to the next steps.

Consider adding cross-bracing or additional support beams to enhance the stability of the foundation, especially if your area experiences high winds or seismic activity. When using concrete blocks as piers, ensure they are level and evenly spaced to evenly distribute the shed’s weight. For gravel foundations, it’s crucial to create a stable and well-compacted base to prevent sinking or shifting over time. 

5. Constructing the frame

The frame is the backbone of your shed, providing structural support and determining the shed’s overall strength. Use pressure-treated lumber or other cost-effective materials for framing components, such as joists, studs, and beams. The frame should follow the shed’s design and dimensions accurately, and all connections must be secure. Precisely cut the lumber according to your measurements and join the components using nails, screws, or appropriate hardware. Ensure the frame is square and level to avoid any structural issues down the line.

If you’re new to carpentry, take extra care when measuring and cutting the lumber to ensure accurate dimensions. Utilize a carpenter’s square to check for right angles, and consider using diagonal measurements to verify the frame’s squareness. Additionally, using galvanized or weather-resistant fasteners will enhance the frame’s durability and protect it from rust or corrosion.

6. Installing roofing and siding

When it comes to roofing and siding options for a budget-friendly shed, consider materials that offer durability without breaking the bank. Asphalt shingles are a cost-effective roofing choice, providing adequate protection against the elements. Metal roofing is another affordable option that offers longevity and easy installation. For siding, T1-11 plywood or oriented strand board (OSB) are economical choices that can be painted or stained for added protection and aesthetics. Alternatively, consider using salvaged materials or repurposed wood to create a rustic and budget-friendly exterior. Properly install the roofing and siding, paying attention to weather-proofing and sealing to ensure the shed remains dry and resistant to moisture.

To maximize cost savings, consider using a combination of new and salvaged materials for roofing and siding. Check local salvage yards or building material recycling centers for discounted or reclaimed materials that can be suitable for your shed. Additionally, apply weather-resistant barriers like roofing felt or house wrap beneath the roofing and siding to further protect the shed from moisture and drafts.

7. Adding doors and windows

Consider cost-effective options for doors, such as pre-hung exterior doors or repurposed doors from other projects. For windows, single-pane or salvaged windows can be more budget-friendly than high-end, energy-efficient models. Install weather stripping and proper sealing around doors and windows to minimize air leakage and improve energy efficiency. Additionally, consider positioning the doors and windows strategically to maximize natural light and ventilation within the shed.

If using salvaged doors or windows, ensure they are in good condition and provide adequate security and insulation for the shed. Applying a fresh coat of paint or stain can revitalize their appearance and extend their lifespan. For added security, consider installing simple and budget-friendly locking mechanisms or latches on doors and windows.

8. Finishing touches and interior

Install trim and moldings to cover any exposed edges and add a polished look. Apply a weather-resistant paint or stain to protect the exterior from the elements and prevent premature deterioration. Consider using leftover or salvaged materials for interior finishes, such as reclaimed wood for shelving or repurposed cabinets for storage. Organize the interior to maximize space and functionality, adding hooks, pegboards, or wall-mounted racks to keep tools and equipment neatly stored. Adding proper lighting, either through natural light from windows or affordable LED lighting fixtures, ensures a well-lit and functional workspace.

To further save on costs, explore creative DIY solutions for shelving and storage. Utilize old crates, pallets, or cinder blocks to create custom storage units. Additionally, consider using recycled materials or inexpensive alternatives for flooring, such as gravel or rubber mats, to create a comfortable and budget-friendly surface. 

9. Safety and security 

Regularly inspect the shed for any structural issues, such as loose nails or rotting wood, and address them promptly to prevent further damage. If your area experiences extreme weather, consider adding hurricane straps or anchors to reinforce the shed’s stability. Install a budget-friendly lock or latch on doors and windows to deter potential intruders and safeguard your belongings. In regions prone to pests, use weather stripping and sealant to close any gaps and prevent entry.

Incorporate additional safety measures such as smoke alarms or fire extinguishers, especially if you plan to use the shed for activities involving heat or flammable materials. If you have electrical outlets or wiring in the shed, ensure they are installed correctly and up to code to prevent potential fire hazards. 

Types of sheds

Here are a few examples of the different types of sheds and their purposes. 

1. Storage shed

The primary function of a storage shed is to provide ample space for storing various items, such as gardening tools, lawn equipment, bicycles, and seasonal decorations. Storage sheds typically have a simple design with single or double doors for easy access. They may include shelving, hooks, or pegboards for organizing and maximizing storage capacity.

2. Garden shed

A garden shed serves as a dedicated space for gardening activities, such as potting plants, storing gardening tools, and housing supplies like soil and fertilizers. Garden sheds often have workbenches or planting tables to facilitate potting and transplanting. They may also include windows or skylights to provide natural light for gardening tasks.

3. Workshop shed

Workshop sheds are designed as functional spaces for DIY projects, woodworking, or hobbies that require a dedicated workspace. Workshop sheds have sturdy workbenches or workstations with ample storage for tools and materials. They may have multiple electrical outlets and good lighting to support various projects.

4. Home office shed

Home office sheds provide a quiet and separate workspace away from the distractions of the main house, making them ideal for remote work or personal projects. Home office sheds are insulated and climate-controlled, with windows for natural light and ventilation. They often have space for a desk, chair, storage, and electrical outlets for electronic devices.

5. She shed

A she shed is a retreat space designed for relaxation, hobbies, or personal escape, providing a peaceful and private environment. She sheds are customizable and can include cozy seating, bookshelves, art supplies, or a mini-fridge for refreshments. The decor and furnishings are tailored to the owner’s preferences and interests.

Source: redfin.com

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Depending on budget and location, you must select an apartment with less square footage than you dreamed. How small is too small? What about a 200-square-feet apartment?

Micro-apartments are becoming more popular as rents go back up in major urban spots like New York City. It might be all you need if you hate clutter and love a minimalist aesthetic. You can make it work as a single person or a couple.

But how big is 200 square feet, really?

How to calculate 200 square feet

When you’re touring the apartment complex, the leasing agent will let you know the square footage of every unit you see. But, what if the community isn’t as formal, you’re looking into a smaller complex or a garage apartment?

Knowing how to measure the square footage of your future home is incredibly helpful. Here’s how to do it.

  1. You’ll need a pencil, paper, your phone’s calculator and a long tape measure (100-foot or more)
  2. Start with the first room in the apartment. Look at the room’s shape — is it a rectangle, triangle, trapezoid or another shape? This will help record the dimensions of the room.
  3. Use the tape measure and measure the width and length of the room in inches, rounding up to the nearest inch (or feet if your tape measure has it). You want whole numbers for this.
  4. If you measured inches, divide each number by 12 to convert it to feet.
  5. Use this square footage calculator to input the width and length of the room in feet. You’ll get the square footage of the room you’re in. Do this in every apartment room and add the square footage together at the end of all rooms.

Can you live in 200 square feet?

You’ve seen the headlines, “Can you believe this person lives in 200 square feet?” How big is 200 square feet, really? For example, a 400-square-feet apartment is about the size of a standard two-car garage. At the same time, a school bus equals a 300-square-feet apartment.

The best way to visualize 200 square feet is to think about a one-car garage with an average-sized car with little room on the sides. It will be a small studio that you’ll have to furnish strategically and keep low on clutter.

This studio floor plan from Nora Apartments in Seattle, WA, is an example of what an apartment close to 200 square feet looks like.

Source: Rent./Nora Apartments

Tips for living in 200 square feet

You don’t have to sacrifice your style or your sanity to live in 200 square feet.

Go monochrome

Paint can take you very far in a small space. A cool bright white from floor to ceiling and cohesive finishes will instantly make the space look bigger. Choose a neutral color palette that you’ll carry from your furniture to your linens and accessories to create a calm space.

Too much color can quickly overwhelm the senses in a 200-square-foot apartment. For example, keep your bedding crisp white with subtle stripes if you need a pattern. It will open up the space and make it look more together.

Have a place for everything

Having a place for everything means no clutter. Decide what you need to display and what doesn’t in each room and put it away.

If you need more small space storage, go vertical with shelves above the couch, the toilet or your desk. It will clear the floor and make the space look bigger. Get clever with your space usage. Use baskets or the inside of your oven for your pots when not in use.

Embrace dual-purpose furniture

Can a desk function as a work spot and your nightstand? How are you using your closet for clothes and homewares?

Have a big suitcase? Use it to store your blankets and bedsheets when not in use. Maximize your space by using the space under your sofa, bed and coffee table to store, display and organize any of your things.

Understand your layout

Understanding a small apartment’s main paths and overall layout will help determine the main spaces to decorate and prioritize. It’s not enjoyable to keep tripping over something because it’s not in the right place.

Identify the paths you take the most to the kitchen, bathroom and bed to mark them off-limits when buying furniture. This will quickly bring a little peace to the chaos and make your apartment look more put-together.

Clean windows

This seems small, but keeping your windows clean will bring more natural light into the space and make it seem brighter. Place a mirror nearby to reflect all that good light to other spots in your small apartment.

Only use thin, light-colored curtains to maximize the light for those windows.

Make your 200-square-foot apartment mighty

It all comes down to your lifestyle — 200 square feet is more than enough for someone with a minimalist personality that doesn’t need too much. Just because you are going minimal, it doesn’t mean you can’t make that apartment a home.

You can make this small apartment beyond cozy while being intentional about what you bring into it. Don’t get too stuck in the “how big is 200 square feet” and more in the potential for you.

A freelance writer based out of the Atlanta area, Alia has penned articles during her decade+ career for such sites as HowStuffWorks, TLC, Animal Planet, Zillow and many more. Her favorite things to write about include fitness, nutrition, travel, healthcare and general lifestyle topics. A graduate of the University of Georgia, Alia’s an avid Dawg, but she also loves reading, sewing, eating all things chocolate and playing sports with her husband, three boys and beloved border collie, Flash.

Source: rent.com

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Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.

Can you pay a loan with a credit card? Yes, paying a loan with a credit card is sometimes possible. Yet, whether or not you can do so depends on factors such as the lender’s policies or the type of loan you want to pay off.

Good credit can open doors, but bad credit can keep them shut. In fact, research shows one in 10 Americans were denied work because of poor credit history! Good credit is important because it tells lenders you’re not a risk and that you pay loans on time. A good score can help you get approved for mortgages, financing, loans, and credit cards. Bad credit leads to more fees, higher interest rates, and rejected applications.

Aside from securing loans, your credit can impact your ability to secure housing and even employment. Understanding your credit score can help you make more informed decisions. We’ll explore how credit works, why it’s important, and how to maintain a good credit score.

What Is Credit?

We often hear people saythat it’s important to build credit. But what is credit? When you pay for something “on credit,”you’re actually borrowing money to make the purchase, which you pay back later. But when people say “your credit,” they’re usually talking about a credit score.

Your credit score is a three-digit number calculated by FICO®, VantageScore, or other scoring models. Your score indicates how well you manage credit. Institutions and agencies use this score to determine risk, such as how likely you are to repay loans on time. A credit score of 670 or higher is considered good by most standards.

Why Is Credit Important?

Good credit is important because it helps you secure loans, mortgages, rentals, and other important financial goals. Financial institutions perform a credit check before approving applications, and use your credit history to determine available options, associated fees, and interest rates.

Credit can impact our daily lives in many ways. Potential lenders, landlords, and employers might reject your application if you have bad credit. But good credit can help you get approved for loans and save money.

There are many benefits to a good credit score. You’ll need a strong credit score for things like:

  1. Loan applications: Lenders assess your credit to determine how likely you are to repay a loan. People with poor credit may face higher interest rates, smaller loans, or rejection.
  2. Credit card applications: Banks and credit card companies need to look at your credit report before you can get a credit card. With good credit, you can get lower interest rates and higher limits.
  3. Mortgage applications: Your credit score will determine monthly payments and interest rates. Good credit is essential if you can’t afford a large down payment.
  4. Rental applications: Landlords can run a credit check or ask you to provide one. Credit score won’t impact the rental costs, but a landlord can reject an application due to poor credit.
  5. Job applications: Prospective employers can ask for credit checks, especially if you are dealing with sensitive information. You may need a credit check for jobs in accounting, sales, the military, and other industries.
  6. Insurance applications: Depending on where you live, you might need a credit check for insurance. Not all states allow insurance companies to access your credit information.
  7. Vehicle rentals: You might need a credit check for vehicle rentals if you don’t pay with a credit card. And depending on your state and the company, your credit may impact your rental options.
  8. Credit card benefits: Good credit can help you secure credit cards with benefits, including airline miles, travel credits, cashback rewards, and other perks.
  9. Lower interest rates: Poor credit leads to higher interest rates, making borrowing money expensive. The better your credit, the more money you will save.
  10. Better loan terms: Good credit gives you more options and freedom for repayment. Bad credit can limit your options to short-term loans with higher monthly payments.

Credit is always important, no matter how high or low your score. At the end of the day, everybody needs good credit to achieve their financial goals. That’s why it’s important to understand what can impact your credit score.

What Can Impact a Credit Score?

It might be surprising, but personal savings and stocks don’t impact your credit score. Credit score calculations look at your detailed credit history, and anything that impacts these calculations will impact your score.

The five main factors that impact your credit score are:

  1. Payment history: when you make payments
  2. Credit utilization: the amount of credit you use compared to your limit
  3. Credit age: how long you’ve had credit and how old your accounts are
  4. Credit mix: the types of credit you hold
  5. Credit inquiries: how often your credit is reviewed

While this might look simple, many surprising scenarios can affect your credit. Unpaid parking tickets in collections can impact your payment history, for example. And closing a credit card can lower your credit utilization. You can review your free annual credit reports to watch for drops in your credit and work toward preventing a bad score.

What Happens with a Bad Credit Score?

Keep in mind that you can improve a bad credit score over time. But until you do, there can be negative consequences. Most credit scores range from 300-850, depending on the scoring model. A bad credit score generally ranges from 300-600.

Bad credit scores can lead to:

  • Rejected applications
  • Higher fees and interest rates
  • Lost work opportunities
  • Difficulty renting a vehicle
  • Required deposits for utilities
  • Difficulty securing a student loan
  • Expensive insurance rates
  • Difficulty opening bank accounts

Bad credit doesn’t shut every door, but it can make life more difficult and expensive. It’s important to check your credit score before buying a home, applying for student loans, and other important life events. This will give you time to understand your situation and make a plan to build and improve your credit.

How Do You Build and Improve Credit?

Now that you understand what credit is and why it’s important, you can plan for success. There are many ways to build and improve your credit without overextending yourself. No matter your score today, you can work toward a bright future with good credit.

  1. Understand how credit works: Learn how your credit score works and what can impact it.
  2. Set goals for yourself: Use this knowledge to set goals for minimizing debts, increasing utilization, and more.
  3. Address your debts: Assess your debts and plan to pay them off.
  4. Monitor your credit score: Look for suspicious activity on your credit report and be aware of the potential impact on your score.
  5. Clean your credit report: Dispute errors on your credit report.
  6. Get a secured credit card: Use it regularly and pay your bills on time.
  7. Become an authorized credit card user: Build credit in association with somebody you trust.
  8. Apply for a credit builder loan: Improve your score if you have poor or no credit.
  9. Create a budget: Manage your finances to ensure consistent repayments.

Achieving a good credit score isn’t the end of your credit journey—once you have a good credit score, you will need to maintain it. Stay diligent and follow best practices to keep a good credit score.

How Do You Keep a Good Credit Score?

Don’t take good credit for granted. To keep a good credit score, you need to stay organized and sensible about your credit usage. This means understanding your responsibilities and following best practices for credit management.

Follow these tips for keeping a good credit score:

  1. Stick to your budget: Committing to a budget can help you make payments on time, which is key to achieving a good credit score.
  2. Avoid carrying debt: Credit utilization is the second most important factor that makes up your credit score. Unpaid debts accumulate interest, which means less money for you.
  3. Pay bills and parking tickets on time: It’s important to pay all utility bills, phone bills, and parking tickets on time. Not paying bills can lead to collections and this impacts your credit score.
  4. Don’t let debts go to collections: You should avoid collections at all costs. When unpaid debts go to collections, it can cause significant damage to your credit score.
  5. Monitor your credit score and reports: When it comes to your credit, ignorance is not bliss. It’s important to watch your credit report for changes, errors, and suspicious activity.
  6. Protect yourself from identity theft: A large drop in your credit score can be a sign of identity theft. Stay aware, protect your information, and consider a credit card with security features.
  7. Use your credit card consistently: Using your credit card will help you build credit—just don’t spend more than you’re able to pay back each month.
  8. Don’t close old credit cards: Closing a credit card lowers your credit mix, so it’s a good idea to leave old credit cards open, even if you don’t use them. Keep an eye on them for suspicious activity.
  9. Only authorize people you trust: Authorized users on your accounts can impact your credit score. Only authorize accountable and trustworthy people.
  10. Avoid retail credit cards: While retail credit cards can be easy to get, they can come with expensive rates and fees. And not all retail credit cards report payments, making them less ideal for building credit.
  11. Don’t treat credit like extra cash: Building credit takes organization and discipline. You should always stick to a budget and avoid spending beyond your means.

Your credit score is like a financial reflection of you, so take pride in your credit and make an effort to keep a good score. Knowledge is power—the more you understand credit, the more confident you’ll feel when preparing for large purchases and other financial ventures.

Whether you have good or bad credit, it’s all about setting goals and staying organized. Remember, your current score is not set in stone. You can always improve credit management and make a difference in your future.

If you’re worried about bad credit or just want to see where you stand, get your free credit score today.

Source: credit.com