Martocchia Realtors®'s Blog
121 School St, Watertown, MA 02472
If you have a bedroom that is not too big on space, it can quickly leave you feeling crowded and cramped up, which may even have psychological effects on you. There are ways to maximize the available space you have to help your bedroom feel roomy.
- Reduce the size of your bed and storage furniture. It goes without saying that if you want to create more space in your bedroom, then you are going to have to reduce the size of the most significant furniture in that same room. If your bed takes up as much as half of the size of your room, then you know it's too big. You can make use of storage that you can roll under your bed for space.
- Reduce clutter in your bedroom. Many times, there's ample space in a room, but it's just hidden by the mounds of clothing, shoes and other items that you have refused to arrange. Declutter your bedroom, throw away the things that you no longer use, or give them away. Always keep your clothes neatly folded and your shoes arranged in place. Neatly organize your personal items and fashion accessories in your wardrobes.
- Maximize storage. You can decide to install shelves just below the ceiling and use it to save items that you don’t use regularly. When you need to access them, a step ladder will come in handy and do the work. Move every storage space off the floor and on to the walls to create more space. You may install floor to ceiling dressers and use the extra space for more items. You can even turn any empty wall corner into a clothes rack with the construction of a simple clothes hanger.
- Use the back of the door. The back of the door can become a prime spot for storing items that were previously on the floor. You can ditch your sizable plastic laundry basket that takes up a lot of space and opt for a foldable leather bag that you can hang from the back of the wall and store your laundry in it.
- Create space from your bed. Get a headboard with built-in storage space like a bookshelf or a bed frame with inbuilt drawers. You can store books, magazines and CD records in areas like this.
You can find options on building more storage into your bed from your local hardware store.
While buying a home is a huge decision that should entail a lot of planning and preparation, applying for a mortgage can be surprisingly easy. Just like with other lenders and creditors, a mortgage lender will want to know that letting you borrow money will be a safe investment. Applying for a mortgage is all about ensuring just that.
In today’s post, we’re going to breakdown the home loan application process to help you have the best chances at a smooth and successful mortgage approval. We’ll also define some of the common terms used in mortgages that might leave you scratching your head so you have a better idea of what your options are.
Prequalification and Preapproval
Getting prequalified and preapproved for a mortgaged can both be helpful steps toward securing your home loan. The two terms mean two entirely different things, however.
In order to be prequalified for a mortgage, you typically need to only fill out a simple form (sometimes directly through a lender’s website). On this form, you won’t need to provide specifics or official documents.
Why is this process so simple? Well, that’s because getting prequalified for a loan doesn’t ensure that you’ll actually receive one. Rather, it is simply the first step toward finding out what type of mortgage and interest rates you could receive.
The next step after prequalification is preapproval. To get preapproved, you’ll have to fill out an official mortgage application. Your lender of choice will request a few pieces of information from you, including tax returns, proof of employment for the last two years, and a list of your debts. The lender will also perform a credit check to determine your loan eligibility.
At this phase, lenders will also run your credit report. This is a type of “hard credit inquiry” that details your payment history, the number of accounts you have open, and other factors that help make up your credit score.
To secure the lowest interest rate possible, it helps to have a high credit score. So, in the years and months leading up to your mortgage application, focusing on building credit will pay off.
To increase your credit score, you’ll need to focus on paying your bills on time each month. You should also avoid opening new accounts within a few months of applying for a mortgage because this will count as a new credit inquiry. New credit inquiries--including applying for a mortgage--lower your score temporarily, so it’s best to avoid them when possible.
Additional paperwork required for mortgage applications
Not every mortgage application will be the same. Depending on the type of income you receive, you may need to provide different forms of income verification.
Each person will also have to claim different debts and assets. When buying a home with a spouse or partner, it’s important to consider your debts, assets, and credit scores to determine if it’s better to apply jointly or separately.
Hardwoods, tile, and finished concrete make beautiful floor finishes, but to pull your look together, you want texture and the warmth a vintage rug brings. When buying a vintage carpet, here are a few things to which you should pay attention.
Know where it goes
Depending on where the placement, a rug can take a great deal of abuse from foot traffic, pets, moving furniture and the like. If your carpet goes in a high traffic area, look for a sturdy rug to withstand it. On the other hand, if a decorative piece is what you need, don't be afraid of a vintage carpet that shows a little wear.
Know what to look for
In general, pay attention to these areas:
Fraying: Handmade, woven rugs might unravel when frayed edges and loose fringes catch or pull. Look for tight binding. Avoid loose fringes or hems and make sure the backing remains attached.
Knots: Depending on its style, technique, origin, and age, the knots in vintage rugs might range from far-apart and loose to close and tight. In general, the tighter the knot, and the closer together or more knots per square inch, the higher grade and quality the rug. Look on the backside to see the knotting. If knots appear too loose or knap is missing, the carpet may not withstand a high traffic area or the rigors of a vacuum cleaner.
Vintage rugs typically show wear and imperfections unless it came from years of protective storage. Uneven piling, worn patches, discoloration, and even slight stains add to the vintage charm and reveal its storied past.
Know how to care for it
That antique blend of dust and years of household odors might seem more apparent when you get your vintage purchase home. Before you do anything else, air your rug out of doors to get rid of most of the musty odor. Gently beat your rug with a rug beater or broom to remove surface dust.
Recheck the rug for any loose knots and tighten them. Look for any frayed areas that you missed (or determined were minor) and tighten them by hand.
If your rug’s odor persists, enlist the help of a professional rug cleaning service to have it dry cleaned.
Home improvements are a vital part to keeping your home up-to-date with the times and also to ensure that it doesn’t lose value when it comes time to sell.
To save money, many homeowners take the do-it-yourself route and use the tools at their disposal to upgrade their homes. Sites like YouTube have made it easier than ever to follow step-by-step tutorials that show you how to make substantial repairs and upgrades to your home without having to pay a professional.
The down side, however, is that when you choose to DIY, you take on the risk of going over budget by making mistakes. You also risk stretching out your project weeks or months longer than necessary due to a lack of time to work on it.
In today’s post, we’re going to talk about how you can stay on budget and on track to finish your home improvement project without bringing in the professionals.
Making a timeline
Let’s start with the big picture for your home renovations. When deciding which improvements to make, it’s important to know your limits in terms of the work you can do.
Set a reasonable number of hours you can work on your projects per week. Go easy on yourself. Most of us are already tired when we get home from work and probably won’t be able to start tackling big projects in the evenings. Rather, try to give yourself one weekend day to work on your projects and one weekend day to relax.
The most important aspect of creating your timeline is to try and keep your schedule open. So, write down the time you want to work on your home in your calendar, planner, or whichever app or tool you use to plan your time.
This will help you to avoid creating conflicting events and obligations, and help you stay on track to finishing your improvement projects.
If you’re looking for an evening activity related to your home improvement projects, it’s a good idea to start watching some video tutorials of people doing the same renovations as you. This will help you avoid mistakes and look out for common obstacles that you’ll face along the way.
Budgeting your improvement
You’ll want to save up for your project in advance, if possible, to avoid accumulating credit card debt. Your home improvement project should, in effect, gain you money by increasing the value of your home, not make you lose money on credit card interest payments.
Budgeting in itself is an art that few of us are taught in school. Fortunately, there are several free budgeting apps available. Or, you can simply draw one up yourself.
The key to creating a home improvement budget is to know how much of your monthly savings you can devote to this project without having to dip into other funds. To do this, you’ll need a clear understanding of where your income goes.
Once you have a budget and a timeline for your home improvement project, you’re ready to begin. Just make sure you check in on your timeline and your budget throughout the length of the project to make sure you’re meeting your goals and aren’t overspending.