Using scent diffusers in commercial spaces can drastically improve the environment. It can boost productivity, improve people’s mood in the workplace, and promote a sense of calm.

Who wouldn’t want to reduce stress in the workplace and across commercial buildings?

If you’re ready to put a scent diffuser into your office space or commercial building, read on to learn about some of the best scent diffusers to use!

AromaTech Diffusers

The AromaTech diffusers use cold air technology to make sure that your space is the best it can be.

If this sounds like one for you, read more about it here.

Pura Device

With the Pura device, you can control the amount of scent that it puts out in your space.

The Pura device can use 15 different scents and fragrances, all of which are toxin-free and that you don’t have to worry about having in the air you breathe!

VicTsing Essential Oil Diffuser

This is the perfect oil diffuser for a smaller space. Its sleek design and compact design allow it to blend into the rest of the office decor while still doing its job of calming and adding beautiful scents into the air.

There is a timer for the oil diffuser, or you can keep it on the entire time.

Diptyque Electric Diffuser

Diptyque is known for its many intoxicating candles, but don’t overlook its electric diffuser as an option for your commercial building.

There are seven scents to choose from to put in this diffuser, and each one runs for about an hour. Of course, you can put it back on after it shuts off.

Vitruvi Move Diffuser

This cordless diffuser is perfect to move around wherever you want to place it in the office. In the morning, you can have it in the workroom, and in the afternoon, you can put it in the lounge area of your office.

You can choose between oil blends of lavender, amirs, and eucalyptus. You can also choose a rose mixture scent if you’re feeling a flowery scent.

Tokoname Stone Diffuser

If you are looking for a classier looking diffuser, the Tokoname Stone Diffuser is the perfect solution. All you have to do is place a few drops of essential oil onto the stone diffuser and take a deep breath in.

You’ll feel relaxed in seconds!

Hyascent Hip to That Scent Diffuser

If you are looking for an easy-to-use diffuser, look no further than the Hyascent Hip to That diffuser! It’s an awesome option for someone looking for ease of use while still getting all of the benefits from an oil diffuser.

To make the scent diffuse, all you have to do is turn over the hourglass to have the oil slowly drip through the center.

Scent Diffusers for Commercial Spaces

There are so many options for scent diffusers for your commercial spaces! These calming scents will give so many benefits to everyone in the office, and you’ll notice an improvement in productivity and mood once you place one in the office. 

Did you enjoy reading about these options? Check out some other fun reads on the blog!

David Harrison

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In 2021, the real estate market was dominated by people paying cash for their new properties. In fact, nearly one-third of all homes purchased last year were secured through cash-only transactions. 

What’s catalyzing the move? Experts point toward the uptick in at-home, remote office positions that has allowed homebuyers to work from anywhere. As a result of this switch, they’re selling their more expensive homes in cities like New York and San Francisco and paying cash for a less-expensive home elsewhere. 

Unless you plan to join these ranks, you can expect a mortgage payment when you buy your next house.

What is a mortgage, why do you have one, and how can you estimate what you’ll need to pay? Read on for the answers you need to know.

What Is a Mortgage?

A mortgage is a type of personal loan used to purchase or maintain one of the following properties:

• Home
• Land
• Another type of real estate 

Banks and credit unions distribute mortgages to qualified individuals. Before you can enjoy access to your money, you will need to pass a verification process to prove that you’re financially stable. Much of this process revolves around your credit score. 

A majority of credit scores hover between 300 to 850. The higher your score, the more financially responsible you will appear to a bank. A few of the factors that can affect your credit score include:

• Your bill-paying history
• Your current debt load
• The number of loan accounts you have open
• How long those accounts have been open
• Any new applications for credit

Once your bank reviews your application and credit score, they will issue you the mortgage. When you sign the loan agreement, you will confirm your intent to pay the lender back over a set period of time. You will do so by paying a set amount each month for the duration of your loan. 

Principal and Interest

Mortgage payments include two important numbers that you need to know: principal and interest. Principal refers to the amount of money that you originally agreed to pay back. Interest is an extra amount added to the principal each month, as a fee for borrowing the money.

Different lending institutions will have their own interest rates, and there isn’t a one-size-fits-all percentage to know. This is how some banks compete with one another. If they can offer competitive, low-interest financing then they can appeal to a greater number of interested buyers. 

However, be wary about banks that offer ultra-low interest rates. They might have very short repayment terms or other stipulations that you need to understand before moving forward. 

Total Monthly Payment

When you review your mortgage bill each month, you may be confused to find that your principal and interest payment doesn’t precisely line up with the total monthly payment amount. 

In most cases, the total monthly payment will be the higher of the two. This is because this number includes a few other expenses, such as:

• Homeowner’s insurance 
• Taxes held in escrow 
• Mortgage insurance (if applicable)

Note that if you live in a condo or a co-op, you may have additional fees included in your total monthly payment. These are usually set by your local homeowner’s association or HOA. The HOA is responsible for maintaining the grounds that a shared property sits on, enforcing community regulations, and managing the day-to-day activity of the neighborhood. 

Analyzing Your Mortgage Payment

When you see your mortgage payment each month, you might focus on the total monthly payment amount. However, it’s important to understand this number relative to your local region. 

In some areas, your mortgage will be high simply because the homes in your region are desirable. There may be a great-scoring school district, access to local shops and restaurants, and enjoyable recreation areas nearby.

Before you assume that yours is extra-high, you’ll need to know all of the factors that go into it. Next, let’s take a look at how your lender arrives at that number, and what those inputs mean.

Loan Amount

First, you’ll see the loan amount, also called the principal. This is the price you paid to purchase your home, minus the amount of the down payment.

A down payment is what you pay at the time of purchasing your home. Most lenders require it to be at least 20% of the home’s total sale price. If you cannot meet that figure, then you may be required to pay private mortgage insurance (PMI). 

Banks charge PMI to protect themselves from defaulting on the loan in the event that you cannot pay your mortgage back in full over the agreed-upon timeline. 

Annual Interest Rate

As mentioned, the interest rate is the fee that your lender charges to maintain the loan. If you see the term APR, this stands for Annual Percentage Rate. The APR and your monthly interest rate will vary slightly.

Loan Repayment Terms

This is the number of years that you have to pay back the loan.

While a longer-term loan might have a lower interest rate, be aware that this isn’t always the best. You could easily wind up spending more money with this type of loan, as you’ll continue to pay interest over the course of the mortgage contract. 

Payments Per Year

This is the number of mortgage payments that you will make each year. If you are making monthly payments, then this number should be 12. 

Type of Mortgage Loan

Next, you will see the type of mortgage loan that you have. There are a few different options, including:

• Adjustable
• Fixed-rate
• Interest-only

An experienced real estate professional can help you navigate all of the different mortgage options and suggest one that would be a good fit for your needs. This way, you can have an idea of what you require before you meet with a lender. If you live in Chicago, click the following link to connect with a qualified local team. 

Other Factors

Other factors that may affect your monthly mortgage payment include the market value of your home, as well as your monthly income. Your lending agent will walk you through all of the individual expenses that you can expect.

Make sure to read all of these terms and conditions carefully before signing on the dotted line. Setting up a mortgage is one of the most substantial financial decisions you will make in your life, and you don’t want to rush into this process. 

Calculating Your Mortgage Payment

When you’re ready to calculate mortgage payments, start by reviewing the exact type of loan that you have. Most loans are traditional, fixed-rate loans. 

For example, you may have a 30-year mortgage or a 15-year mortgage. This means that the timeline will not change, and you can expect to pay the same amount each month. By the time you’ve reached the end of the term, you should have your loan paid back in full. 

It might look complicated, but you can use the formula below to calculate your mortgage payment for a fixed-rate loan:

• P x (r / n) x (1 + r / n)^n(t)] / (1 + r / n)^n(t) – 1

Here’s a breakdown of what these letters mean:

• P: Principal
• r: Annual interest rate
• n: Number of payments per year
• t: Number of years that you have to repay the loan

Don’t feel like crunching those numbers yourself? You can also use an online mortgage payment calculator to get the job done in a matter of seconds! We recommend going this route over performing your own calculations, simply because the risk of human error is so high. 

A Note on Affordability

When you meet with a lender, they may approve you for a mortgage that’s way higher than you originally thought you would qualify to receive. While it’s easy to get stars in your eyes and think about how much house that money could buy you, we urge you to exercise caution. 

Just because you’re approved for a high loan doesn’t mean you should necessarily take it. Make sure that you earn enough money to comfortably make those monthly payments. If you don’t, then you could wind up defaulting on your loan. 

This can render you ineligible to receive a mortgage loan down the road, so it’s definitely a mistake you don’t want to make. 

Calculate Your Mortgage and Find Your Home

Knowing how to calculate your mortgage payment is part of becoming a responsible homeowner. While you can use the formula listed above, it’s usually easiest to trust the calculation to an automatic online calculator!

Yet, don’t enter your numbers and be done. Take the time to understand all of the factors that go into your mortgage, and look for ways to stay financially smart as you move forward. Then, you will be able to enjoy your home without draining your pockets.

Looking for tips to help you make the most of your new residence? Check out our Home Decor guides!

Sofia Hill

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Are you finding it difficult to cope with the current housing market? Dropping rental prices and home prices can be overwhelming, and you might be wondering, “Should I sell my house or rent it out?”

We understand these struggles and want to provide you with helpful tips for finding the best option for you and your family. Keep reading to find out what is best for your future.

Market Today: Should I Sell My House or Rent It Out

It really depends on your personal circumstances. If you need to move for work or family reasons, then selling is probably your best option. If you’re comfortable staying put for a while, then you could explore renting out your home instead. 

Selling your home will give you a lump sum of cash that you can use to pay off debts, make a down payment on a new home, or invest in other ways. You’ll also be rid of the responsibility of maintaining the property, dealing with repairs, and finding tenants. On the downside, you may not get as much as you’d like for your home if the market is down, and you’ll have to find somewhere else to live.

If you decide to rent out your home, you’ll continue to have a place to live (assuming you only rent out a room or two) and you may be able to bring in some extra income each month. On the downside, you’ll be responsible for maintaining the property, dealing with repairs and tenant issues, and you may have to pay taxes on the rental income.

Decide Whether to Sell or Rent Your Property

Selling your house in today’s market may not be the best option. The market is unstable and prices could drop at any time. If you’re not in a hurry to sell, you may want to wait until the market is more stable.

Renting out your house could be a better option. You can still make money from your property without having to worry about the market.

Luxury homes differ from conventional homes in that they frequently require more maintenance. As a result, many owners struggle to manage multiple luxury rental properties, pushing them to minimize the number they have. If you want to find information about luxury properties, just learn more here.

The Pros and Cons of Selling vs Renting

The current market is not ideal for selling a house. It is, however, a good market for renting. If you are considering selling your house, you should weigh the pros and cons of selling vs renting.

The main pro of selling is that you will likely make a profit. The main con of selling is that it is a large investment and takes a lot of time and effort.

The main pro of renting is that it is a passive income and requires little effort. The main con of renting is that you will not necessarily make a profit from your investment.

Maximize Profit 

One important factor is how much profit you want to make. If you’re looking to maximize profit, then selling is likely the better option. With property values continuing to rise, you can sell your house for more than you paid for it and pocket a tidy sum.

Renting, on the other hand, will give you a steadier income stream, but likely less overall profit. Another factor to consider is how much time and effort you’re willing to put into being a landlord. 

Make a Decision

The decision comes down to what you think is best for your situation and what you’re comfortable with. But now you have the information to answer the question, “Should I sell my house or rent it out?”

If you are interested in learning more about the real estate market, check out the rest of our blog.

David Harrison

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