Buying a new custom home means you will enjoy less maintenance or fewer costs. One of the traps home buyers fall into is buying an older home because of the bargain price. Hiring a contractor, designer, or architect to turn the dilapidated older home into a dream home could cost tens of thousands if not more than $100,000. For aspiring homeowners in The Northwest, the better option is to buy new. According to a report by the National Association of Homebuilders (NAHB), less maintenance and energy expenses are two of the virtues of a newly constructed house.

Routine Maintenance Costs

When it comes to the everyday, routine maintenance costs, a study showed:

• 27% of homeowners spent about $1,200 more a year on upkeep expenses.
• Only 11 percent of the people who bought custom new homes spent that much money.
• 75% of new custom homeowners spend less than $300 a year on routine maintenance costs.

Energy Expenses

New custom homes require less maintenance, but you also save money on utilities. According to the NAHB, the average homeowner spends about 80 cents per square foot annually on heating and cooling. However, people who bought new construction homes only spent 68 cents. Some of the features in new homes include better insulation, energy-efficient windows, and doors, energy-efficient appliances, and furnaces.

If you aren’t sure whether you should buy a new or old home, you could be overlooking other issues as well. When you pick an on-your-lot builder, you not only control the home style and layout but also the location and site of your custom home. An article by bankrate.com points out a home’s condition is as important as location and price. Older homes bring older components that are expensive to repair and replace.

At HiLine Homes, we are a reputable on-your-lot builder serving The Northwest. For more information about the advantages of a new custom home, visit us here: Customize Your Dream Home

What is an IVA?

If you’re considering an IVA, you’ll need to understand what this option entails. This type of debt solution involves making one single payment to your creditors. However, you should understand that some things are not included in this type of agreement. Firstly, household goods are excluded from an IVA. This means that your creditors can still request you sell your possessions. You must give your consent before they can do this. Also, you should be aware that your bank can exercise its ‘right to offset’. These automatic deductions can leave you with insufficient funds to pay for your essential living expenses.

• It’s a one-off payment to creditors

An IVA is a debt repayment plan that allows you to use a large amount of money to pay off your creditors. The amount of money you can pay off is dependent on the total amount of debt that you have and the assets that you own. Usually, you must make one single monthly payment. However, this amount does not need to be the full total of your debt. It just needs to cover a significant portion of it. This arrangement is beneficial for you and for your creditors because it means they will receive their repayment much sooner than they would have otherwise.

If you have a lot of debt and are considering an IVA, you should contact a free debt advice service to learn more about your options. There are many different types of IVAs, and your savings and pensions will determine which type is best for you. For instance, you may want to use a defined contribution pension if you are over 55.

In most cases, you can keep your current job if you choose to apply for an IVA. However, it is possible to have a hard time getting credit while you’re in an IVA. In addition to paying a one-off payment to creditors, you may be required to agree on a new repayment plan. You may also face restrictions on your spending while under an IVA.

It’s a debt solution

IVAs are a type of debt solution that is regulated by the Financial Conduct Authority (FCA). They are court-approved and last between five and six years. They involve a monthly repayment that is agreed between you and your creditors and are overseen by a specialist adviser. They are seen as an alternative to bankruptcy and are commonly promoted as a simple solution. However, many people have been duped into thinking that they are the only option for debt problems, and IVAs are not always the best choice for them.

When choosing a debt solution, it is important to seek independent advice. It is crucial to understand the nuances of each solution, as well as the pitfalls and benefits of each one. You should take the advice of a debt adviser or a charity to help you make the right decision for your financial circumstances.

While both IVAs and DMPs can be useful, DMPs are a better option if you can afford the monthly payments. In addition, DMPs can be a faster option. As long as you’re prepared to make regular payments, you shouldn’t face any difficulties.

The downside of IVAs is that they can affect your assets. Homeowners who own a home may have to release the equity in their property in order to qualify for an IVA. However, the fees associated with an IVA are relatively high and are often not the best option for people with low debt levels.

It’s a one-off payment to creditors

An IVA is a debt relief plan that allows you to pay your creditors in full rather than in regular installments. It is legally binding and your creditors are forced to comply with the terms of the plan. This means that they cannot try to chase you for the debts that you have included in your IVA. It is also time-limited, lasting for five years. As a result, creditors are more likely to accept a partial repayment in an IVA.

If you enter an IVA, it will have a significant impact on your credit file and rating. Information about IVAs is published in the public insolvency register. You may have to sell assets or remortgage your home. Depending on the length of your agreement, you may be able to extend the duration of your IVA for up to twelve months.

Although IVAs are flexible and able to meet your individual needs, they are also costly. They usually require you to use a part of your income from personal pensions to make payments to creditors. This can put you at risk of losing your home and job. Ultimately, you may end up bankrupt if your creditors refuse to accept less than you’re willing to pay.

For many people, a lump sum payment can be a better option than making monthly payments. In the current financial climate, monthly payments can be unstable and leave you vulnerable to future redundancy.

Debt Advice Online Help With My Debt

Looking for the most reliable trolling motor batteries to power up your water escapades? You’ve paddled your boat to the right place. In this blog, we will go in-depth into trolling motor batteries – from what they are, why they’re essential, to the features to look for when buying. So cast your attention our way, we’ve curated all the details you need!

Understanding Trolling Motor Batteries

Picture this. You’re out on the water. It’s a beautiful day, and everything is going such swimmingly. Suddenly, your motor sputters out, leaving you in the middle of the water, stuck. Not great, right? That’s where trolling motor batteries come in. They are the trusted paddling Buddy every boating enthusiast needs. Lightweight, durable, and dependable – they’re the pick-me-ups that keep your water rides smooth and steady.

Navigating through types: FPV Power Batteries and Lithium Trolling Batteries

When it comes to trolling motor batteries, understand that not all are created equal. You’ve got your standard lead-acid batteries and then you’ve got your lithium-ion warriors like the FPV Power Batteries. Don’t let the fancy names scare you – these babies are the big guns of trolling motor batteries! They weigh less, last longer, and recharge quickly, offering an unmatched combination of power and performance.

If that didn’t have your heart racing yet, let’s talk about the Lithium Trolling Batteries. These darlings boast of high energy density, which means more power and longer run time. And hold on to your life jackets, because they’ve got a lifespan up to 10 times longer than your regular lead-acid batteries!

Sailing Safe with Waterproof Kayak Batteries

Imagine this scenario. You’re having a fantastic kayak adventure – only to realize halfway through that your battery has sunken to new lows (both metaphorically and, well, physically!). Fear not, my fellow paddlers. Invest in waterproof kayak batteries and put that worry overboard. Built to endure, these batteries will keep on chugging, even when Things get wet and wild.

Think Outside the Boat with Kayak Batteries

You’re probably thinking, “Why do I need a specific kayak battery when I’ve got my trusted trolling motor batteries?” Here’s your answer – because trolling motor or not, your kayak needs power! Lightweight, compact, and easy to install, kayak batteries are designed to keep you moving and exploring. So whether you’re stalking that elusive fish or just drifting with the tides, kayak batteries ensure your adventures never come to a standstill.

Choosing your Trusty Trolling Motor Battery

Now that we’re up to speed with our different battery types let’s dive into the considerations to keep in mind. When picking out your trolling motor battery, ask yourself: How often do you fish? How long are your average trips? What types of waters are you sailing in? Your answers will help you select the right battery that meets your specific needs.

Remember, investing in the right battery is investing in your freedom on the water. Keep your boats powered up, your spirits high, and never stop exploring. With the right trolling motor battery, no wave is too high, and no journey is too far.

Ending Thoughts

In conclusion, to ensure uninterrupted fun and adventure, you need a dependable buddy. And that’s trolling motor batteries. Be it FPV Power Batteries, lithium trolling batteries, or even waterproof ones. The right battery can make all the difference – taking your water escapades from good to great. It’s time to paddle up and power on!