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Mistakes to avoid when building your home

Owning your own home is a wonderful thing. When it comes to choosing between buying and building, most people prefer building since one can custom make their own home. This will make one have room to showcase their creativity by ensuring their designs come to light in their home. However, as much as the building is the most preferred option, one should be careful. The following are mistakes to avoid when building your home.

Mistakes to avoid when building a home

1. Being your contractor

The contractor is often the head of the building team. The main work of the contractor is gathering bids, working with contractors and ensuring all the work done is correct, within the budget and delivered on time. Being in the industry for long, the contractor has good relations with the subcontractors who will deliver quality work since they want to stay in business with the contractor. The homeowner may feel like they can forego the cost of hiring the contractor and take up this role. However, working with a skilled professional will make you save so much more compared to when you choose to be the contractor.

2. Being passive

4356ujthrgetBuilding your home is a big investment of your life. One should ensure that they play an active role in the whole process. They should be present whenever major decisions are being made so that they know what is happening. One should also read and understand the contract they have with the contractor. The contractor should have an insurance policy in case any workman gets injured while at work. One should also ensure that they make up their mind of the plan they want so that when the work begins, they do not have to change.

3. Going for lower than your budget

Some builders come up with contracts to build your home that is way lower than what one had budgeted for. In such an instance, one should be very careful. Some contractors may quote low quotations which may have omitted some expenses or settled on poor quality materials. This will make a poor quality home. One would rather be willing to negotiate with the contractor to reduce the price or be willing to increase their budget.

4. Poor choice of location

Some people think it is convenient to leave next to a shopping mall, a grocery store or even a gas station. The truth I, even most realtors often suggest areas that are some distance away from such amenities. This is because homes around such areas may not be family friendly. One should also find out the slope, the terrain, and even the water table. One should also ensure that they do a thorough research of the land they intend to build on.

5. Building a home that is not in the neighborhood

Before building, one should take a good look of the homes built around the neighborhood. The size should also be similar or just slightly above most of the houses found in that neighborhood. The styling should also be within the range of those found. This is because deviating from the average size and style may make it difficult for you to sell the home in future should you consider it.

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Different ways to raise startup capital

A business cannot expect to grow if it does not have enough capital to fund its production activities and development projects. In the cutthroat world of business, most businesses struggle to get enough capital to fund their operational activities. In this article, I will highlight different ways to raise business capital that can help a business alleviate its financial difficulties.

Ways to raise business capital

Debt

345tyhrgefrOne of the easiest (read trickiest) ways of getting capital for your business is through borrowing. Banks are in the business of lending money at a favorable interest rate and are therefore ready to advance credit to any able and willing business. However, while borrowing is easy, it may be a business’s ultimate undoing. The business must pay the loan with interest in a specified period. Given the uncertainties in the business environment, the risk of default is always high. If you default, you can easily be declared bankrupt and forced to close shop. On a different note, not every business has access to credit facilities. Only the businesses with a high credit rating are given loans by banks and other financial institutions. Bottom line, while debt is an easy way of getting capital for your business, it is a burden to the business. You need to think about it carefully before you decide to sign any loan agreement.

Equity

Equity is cheaper than debt, but it is more difficult to get. When using equity as a source of capital, you are inviting other people to be co-owners of the business. In other words, you are selling part of your stake in the business to them. This means that you will share your profits and losses with them. It is cheaper than debt because you have no obligations to share profits with shareholders. A business does not have to declare dividends to shareholders, but whenever it makes a loss, shareholders lose the value of their stake in the business.

Equity has its downside as well. For example, floating a company on a securities exchange is a very elaborate process. There are minimum requirements to be met. There are also bureaucratic legal procedures. The process may also not be economically feasible, especially if a company is overoptimistic. We have seen companies getting delisted from organized securities exchanges. We have also seen others experience an inelastic demand for their shares. Overall, equity is more affordable and manageable than debt as a source of capital, but it is harder to get.

Business credit

Trade credit can also be viewed as a source of capital for business. Here, a business gets goods from its suppliers on credit and repays later, typically in 90 days. The business expects to sell these goods at a profit within this period so that it can meet its obligations when they fall due. Problems arise when this does not happen.

Most businesses combine various forms of capital to fund their activities. For instance, most companies listed on organized securities exchanges have an appropriate mix of debt/equity in their capital structures. In general, equity should be more than debt. They also use trade credit as a source of capital. Sometimes, a business can also sell its property to raise capital for its activities.

 

The Apathy

I had a melt down last night. It started over an argument over bloody vegetables, of all things (I wanted more added to the casserole: Chebbar didn’t; he ended up “caving” and adding more to “appease” me (my words, not his), which pissed me off more, for some reason). I took a shower while the casserole was in the over so I could calm down; instead, my ire grew. I was pissed the fuck off by the time I got out of the shower (sorry for the language: I was THAT mad). I stalked back into the kitchen spoiling for a fight. I was literally balanced on my toes, just waiting to lash out and strike at him (which is so unlike the “normal” me).

Underneath the anger was a frisson of fear: I was scared, but I couldn’t pin down what I was afraid of or why – I was just a big, whirling ball of angry fear. The emo-word-vomit started at that point.