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4 common mistakes to avoid while waterproofing basements

4 common mistakes to avoid while waterproofing basements

Water seeping into the house during the rains is truly a nightmare. Since water first seeps into the lowermost zones of the property, waterproofing the basement is important. It prevents problems like moistened furniture, damaged basement panels, and unpleasant smells. That said, one must be careful when waterproofing the area and seek the help of a professional if necessary. Here are four common mistakes to avoid when waterproofing basements DIY: Not waiting before draining flood water from the basement Floods usually affect the basement before the other rooms. The water puts pressure on the basement walls as time passes, making them weak. Fearing damage, many homeowners act really fast and try removing this water, which is a big mistake. Experts say one must let the rain stop and wait a few hours before doing that. When water is drained quickly during a flood, there is always the possibility of more water seeping into the basement from the surrounding soil. To avoid this outcome and stop the water flow, homeowners must wait for an hour or two after the flooding stops and drain the basement slowly. Relying only on paint for waterproofing In their ad campaigns, many paint manufacturers state that their products have waterproofing elements and qualities.
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6 advantages of home appliance warranty plans

6 advantages of home appliance warranty plans

Home appliance warranty plans are typically annual plans that offer coverage for replacing and repairing some of the major appliances and systems in the house. For this, a homeowner has to pay an annual fee that usually starts from a few hundred dollars and may go to over $1000, depending on the plan. The cost also includes the service charge of the professional technician visiting the house to evaluate the appliance’s repair and maintenance. Benefits of home appliance warranty plans Get financial protection The cost of repairing or replacing home appliances can turn out to be quite high. Besides, an unexpected breakdown of a system of appliances at home can disrupt one’s budget. A home appliance warranty plan works well in such situations. It offers the necessary financial protection by covering most of the cost of repairs and replacements for covered systems and appliances. So, instead of paying hefty replacement or repair bills or needing to purchase a new appliance, a homeowner can be assured that the warranty plan will cover all the expenses. Save more money with flat-rate fixes New homeowners usually depend on a home inspection team to determine the condition of kitchen appliances, water heaters, washers and dryers, and so on.
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5 tips to choose the best ETF funds

5 tips to choose the best ETF funds

ETF or Exchange-Traded Funds are a type of mutual funds that trade in stocks, securities and track various indexes. Exchange-traded funds often invest in a broad range of industry sectors and use various strategies to yield maximum returns. One of the biggest advantages of investing in high dividend ETFs is they have lesser fees than other indexed funds, thereby costing you less in taxes. Although ETFs help in diversifying your portfolio, it is important to choose the right funds that compliment your current investments. Here is how you can choose the right high dividend ETF funds. Consider tracking difference One of the factors that set high dividend ETF funds from other market investments is tracking differences; that is, the difference between ETF performance and index performance. The lower the tracking difference, the better the ETF fund. This ensures that the ETF fund is reasonably priced and trackable. Define your investment goals Identify your investment objectives to pick the best ETFs. Ask yourself if you want to invest in companies with specific characteristics, diversify your portfolio, or find a lower-cost alternative to mutual funds. Furthermore, consider how long you plan to invest. Financial experts suggest not investing if you will need the money within the next five years.
How SBA’s guaranteed loans are beneficial for small businesses

How SBA’s guaranteed loans are beneficial for small businesses

Running a small business during financially turbulent times can be extremely trying. But, monetary aid, specifically small business loans, can definitely make things easier for both the business and its employees. Funded and guaranteed by the federal government, 7(a) loan programs have been designed by keeping business-owners’ best interests in mind. Here are answers to some commonly asked questions regarding small business loans: What is an SBA loan? Loans by the Small Business Administration (SBA) are guaranteed business loans that are given to small businesses by participating lenders. Since these loans are guaranteed by the federal agency, they are much more manageable than those provided by private agencies. SBA loans also have the added advantage of lower interest rates. These loans are available in a broad range in order to suit specific business needs. You can get a loan that ranges anywhere from $500 to $5.5 million to fund your entrepreneurial adventure. Further, the loan can be accessed in the form of fixed assets or working funds. Types of SBA loans SBA loans are available in many types. Some of them include—SBA flagship loans, microloans, SBA disaster loans, and 504 loans, among others. Each of these loans comes with different funding criteria.
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