A number ranging from 300-850 that’s based on an analysis of your credit history.
Your credit score helps lenders determine the likelihood you’ll repay future debts.
You’ll need a score of 620 or better, but you’ll get better financing rates with a score of 720 or higher.
Categories:
Financing,
Home Buyers
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![Planning a home renovation? 🏡🛠 Don't let these common contractor hiring mistakes turn your dream project into a nightmare!
🧐 Skipping the research phase.
Meet with multiple candidates and educate yourself on best practices surrounding your project.
💰 Choosing based solely on price.
Consider experience, reputation, and the quality of materials they'll use.
🕵️♀️ Neglecting to confirm credentials & insurance.
Verify claims and check references to ensure you're hiring a qualified professional.
📝 Proceeding without a written agreement.
Outline the scope of work, payment schedule, and any warranty information.
💸 Paying too much upfront.
A reasonable deposit is standard, but tie the remaining payments to project milestones.
🚧 Failing to get necessary permits.
Make sure your contractor handles all the paperwork to avoid fines and safety violations.
🚩 Ignoring red flags after the project has started.
Address any concerns promptly and professionally, and seek legal advice if issues persist.
Check out our latest blog post for more tips and advice!
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#realestate #realestateagent #homeownertips #homerenovation
#homeimprovements
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