Home Financing Under Islamic Banking

The major reason for the current financial and economic crisis in America is said to be a rash of Bank failures. And Bad Home Loans are said to be the major reason for the Bank failures in the United States.

Quite simply, American Banks had been over financing home buyers. Suppose a potential home buyer approached his Banker for a home loan, and his credit rating and financial standing would entitle him to a home loan of, say, USD 100,000.00, his Banker would gleefully advance him say USD150,000.00! Naturally this borrower would not be in a position to repay the stipulated installments because of his lower repayment capacity. This would eventually lead to a default on part of the borrower, rendering his loan account a non performing asset.

In the light of the Banking crisis in the United States and also in Europe, it would be worthwhile and also interesting to have a look at the home loan financing scenario under the Islamic system of Banking.

Typically, under the Islamic Banking system, home loan financing is based on the principle of Profit Mark Up on the cost of the property, by mutual consent of the Bank and the Borrower. This type of financing is usually done under the contract of Murabaha.

It goes like this. Suppose you are interested in buying your dream home (who’s not!). You approach the Islamic Bank with your requirements with regard to the financing. The Bank in turn would assess your requirements as well as evaluate your eligibility for the financing based on your income and repayment capacity. After taking an overall view of your financial standing and credit rating, the Bank would fix a eligible amount of home loan for you. Let us say the Bank fixes a home loan limit of USD100, 000.00 for you.

This amount would include their mark up on the cost of the property. This mark up is fixed by mutual consent. Suppose the mark up is say USD 10,000.00. That means the net amount of your home loan is USD90, 000.00. The next step for you, the borrower, is to identify your dream home in the range of USD90, 000.00. After that you give details of the property thus identified to the Bank, who in turn will negotiate with the owner of the property and make a purchase of the same specifically to sell it to you.

The next step would be to complete the formalities in regard to documentation etc., after which you get the possession of the home, though you are still not the owner of the same. The ownership will vest in you once you repay the stipulated number of installments within the repayment period fixed. Then your dream home becomes really yours!

The main characteristics of the above type of home loan under Islamic Banking are: a proper evaluation and assessment is made of the repaying capacity of the borrower and fixation of the appropriate loan amount. Another notable feature, which is in fact the bedrock of Islamic Banking, is the absence of Interest on the loan amount. Instead the Bank adds up a profit margin to the cost of the asset and divides the total amount into equal installments payable usually monthly.

Investment Banking Interview Preparation

For undergrads and MBA students, the news that they have been selected for an interview at an investment bank comes with both excitement and dread. A position as an analyst or associate in corporate finance can be the first step towards a highly successful and highly lucrative career. Investment banking interviews, however, can be some of the most intimidating interviews out there, so let’s take a look at how to get prepared.

Before we jump into interview practice mode, we should take a step back and think about how we want to come across in the interview. In short, investment banking candidates should come off as bright, confident and likable.

In the final cut of selecting a hire, investment banks have already determined which candidates are smart and capable, so the decision comes down to who they like the best. So in addition to knowing a thing or two, candidates must remember to come across as a fun person to work with as well.

Know Your Story

Like any interview, candidates should have stories prepared about their lives that discuss their past, present and future. These are great answers for the standard questions:

“Tell me about yourself.” Or “Walk me through your résumé.”
“Why are you interested in investment banking or this firm?”
“Where do you see yourself in five to ten years?”

Candidates are highly likely to receive these or similar questions in any interview, and having succinct, practiced answers to them will give the impression of a polished candidate.

Your past story should highlight events that have qualified you for or gotten you interested in investment banking. Your present story should demonstrate why you want the particular position, how it is a logical step from where you are coming from and perhaps touch on where you hope the position will lead.

Your future story should discuss how investment banking will lead to where you want to go. Good future ambitions might be a managing director position in investment banking, a principle at a private equity firm, a CFO or perhaps and entrepreneur. In any case, you should communicate that those are long-term ambitions and you look forward to the experiences you’ll have in the position you’re interviewing for.

Know the Industry and Firm

Where investment banking interviews begin to get trickier is that firms will expect you to know what you’re getting into. If you confuse an equity analyst position with an analyst position in corporate finance, for example, you will not make it any further in the process.

You should understand the major divisions within an investment bank – sales & trading, corporate finance, research, etc. You should understand the hierarchy of positions within corporate finance – analyst, associate, vice president, managing director – and what each position does.

At the macro level, you need to understand the major differences between bulge bracket investment banks, middle market and boutique investment banks. You should also have a good answer for why you would prefer one type over another (and be sure that you prefer the type you’re interviewing with).

You should also understand the particular expertise that your firm has – transaction types or business sectors where it is active. Find some recent transactions that the firm has completed and be able ask smart questions about some of them.

You may be asked if there are any other firms or companies that you are interviewing with. If you are interviewing with other investment banks, you can be honest and say that you’re taking the opportunity to get to know the investment banking landscape. You want to communicate that you’re most interested in the firm you are speaking with and be able to give good reasons why.

Most banks will see it as a plus that you are interviewing elsewhere and may be more inclined to try to hire you. If you don’t have other interviews with banks, be sure to network and talk to people at other banks. If you can respond that you’ve at least been doing some networking in the industry, you’ll come across as a stronger candidate.

Know Your Financial Models

Candidates should also know what they’ll be working on when they come to investment banking. Having a basic understanding of pitches, deal execution and the ebb and flow of the corporate finance office is important.

To that point, you should also be familiar with some of the financial models you will likely be using – discounted cash flow, comparable companies analysis, precedent transactions analysis (sometimes called M&A comps) and LBO analysis.

Understanding how these models work and the theory behind them will help you to answer a lot of the technical questions that might get thrown at you in an interview. Know the capital asset pricing model (CAPM) and how to calculate the weighted average cost of capital (WACC). Know how to un-lever a beta.

Know the Marketplace

Be sure to get up to speed on financial markets. If you can read financial news regularly and follow the reports of an economist or two, you’ll be prepared to answer questions that might get thrown at you about the markets:

“Where do you see interest rates headed over the next six months and why?”
“Where did the Dow close yesterday?”
“Do you have any stocks that you follow? Tell me about them.”

Brain Teasers

Another type of question you may encounter in an investment banking interview is a brain teaser. These questions are meant to catch you off guard and see how your mind works.

“How many golf balls will fit inside Yankee Stadium?”

You should be able walk through your thought process and come to a logical answer, even if it’s not the right one. You could say:

A golf ball is a little over two inches in diameter, so you could fit about five across in one foot of space or 125 in a cubic foot. It’s about 400 feet from home plate to center field, so Yankee Stadium is about one thousand feet long.

It’s shape is like a half sphere, so you could use the formula for the volume of a sphere – four thirds pie r cubed – divided by two to calculate the volume in feet. Then you multiply by 125 to figure out how many golf balls would fit.

That would be an adequate answer to a brain teaser. If any of your assumptions are wrong, it doesn’t matter as much as your logic. Get out a piece of paper during the interview and write out your assumptions if you need to. Get a hold of a list of brain teaser questions and have someone practice with you.

Ask Good Questions

Before the interview is over, you should always ask some good questions. There has been a lot of change in the investment banking landscape, so there are lots of great questions to ask:

“How has the merger with such-and-such firm gone?”
“How has the role of private equity changed since the financial crisis?”
“Do you foresee a surge in M&A activity in any of the industries you work with?”

There are many more questions out there. You will usually be given an opportunity to ask questions, and this is your chance to take control and show that you’re prepared. Write some smart questions out before the interview and take them with you. No matter what questions get thrown at you, you can at least demonstrate that you can ask smart questions – a valuable skill in investment banking.

Final Touches

When you finish the interview, be sure to smile and thank the firm for talking with you. Try to get a hold of business cards and send thank you emails when you get home.

For on-site interviews, be sure to treat everyone you encounter with respect including administrative assistants, analysts and associates. Even analysts may have the opportunity to comment in the hiring process of associates, so it’s important to make a good impression on everyone.

Mobile Apps Help to Accelerate Financial Services and Banking Industries

According to the recent report of Juniper Research, a company that renders mobile research, analysis and forecasting services, mobile banking users worldwide from just over 300 million in 2011 will reach 530 million by 2013; whereby the highest penetration of users will have the developed markets of North America, Western Europe, as well as the Far East, and China. In some regions of the globe like the US, the usage of mobile banking apps already surpasses that of the desktop-based ones.

What are the major benefits of mobile apps for finance organizations and banks? Obviously, the main advantage of mobile applications is that they offer all banks and finance companies an opportunity to improve customer acquisition and retention, whilst reducing operational costs. Thus, the expenditures on carrying out transactions get minimized, since many affairs are electronic and do not require human participation.

Research studies indicate that customers are getting comfortable with undertaking basic banking procedures on their mobile devices. Most common banking services performed on mobile phones have traditionally been SMS-based inquiries using text commands, that have typically been restricted to informational services such as transaction records, balance status, market information, and minor transactions related to account administration and settings. Nowadays sophistication of functionality is a trend in the evolution of mobile banking and finance applications.

The flexibility of modern mobile apps allows performing numerous transactions across various national and international banks. Moreover, in the near future financial institutions anticipate customer demand for smart apps designed for mobile platforms, such as iPhones, iPads, and Android devices. This is also confirmed by the fact that many consumers nowadays are seeking for reliable and effective ways to control and to increase their finances in uncertain economic times and conditions. In this situation mobile applications from finance organizations can supply under-served clients with means to manage and leverage investment or business opportunities. For example, target clients can receive loans for business development via mobile phones.

Overall, various forecasts suggest a continuous popularity growth of mobile payment solutions, as well as the evolvement of contact-less technologies, such as near field communication (NFC), that facilitate payments with the help of mobile wallets, enabling consumers simply to wave their phones near a POS-device in order to make a payment, rather than use plastic cards with magnetic stripes. Therefore, the future of banking and finance services is tightly coupled to mobile technologies and platforms. Private clients tend to use mobile apps as the primary information and transaction medium for their banking activities. However, even now some banks still have no apps to offer their clients.

The Pursuit of Bank Financing

Banks sometimes get undeserved negative reviews among small business owners. Especially in the current climate of tightening credit standards and lending policies, business owners should understand which banks lend what amounts to whom and when. Some banks will not touch a loan below $1 Million. Therefore, if you want a line of credit for $100,000, soliciting those banks will prove futile. Other banks, typically very small community banks, will not provide a loan above $1 Million. Why? Banks have loan capacities. This refers to their typical largest loan size and the maximum amount they will lend if everything lines up perfectly.

If Bank A has a general loan size limit of $3.5 Million and you need a loan for $3 Million and have plans to increase your loan amount over the next 18 months to $5 Million to pay for your business’ expansion, you should not approach Bank A for a loan. Assuming you qualify, Bank A will likely approve the $3 Million loan but not the increase meaning you will need to shop for another bank in six to nine months. Save yourself the hassle and approach the banks with general loan size limits of $6 Million and higher. Unfortunately, only a few banks explicitly state the profile of their target client or loan size. The rest is knowledge garnered only through research and relationship building -or by simply asking the appropriate bank personnel (i.e., a business banker).

Banks maintain loan portfolios. If a few of a bank’s clients in a particular industry recently defaulted on their loans, that bank will restrict its lending to other companies in that industry and sometimes, sister industries. In addition, if a bank reaches a heavy weighting in a specific business category such as residential construction and home building companies, to adjust its portfolio lending the bank will often restrict or deny all loans in that category for the remainder of the fiscal year. Thus, with a number of Georgia banks having been hard hit by the demise or financial distress of home builders due to the drastic reduction in new home sales, as a commercial construction or related company, it is worthwhile to inquire about the bank’s residential builder exposure. Many of these banks are not in a position to lend sizable amounts of money and do not publish this information but generally will acknowledge their exposure when questioned.

If you are a small business with under $10 Million in revenue, a good place to start for research is the state ranking of small business loan providers compiled by the Small Business Administration (SBA). The SBA ranks the top ten providers of SBA-guaranteed loans in each state in two categories: total volume of loans and total dollar volume. If you seek small dollar value loans (i.e., under $250,000), pursue the high loan volume group. If you seek a higher dollar value loan (i.e., $1 Million and above), pursue the high dollar volume group.

If you are pursuing a bank loan and have been turned down, ask yourself some questions.
· “Did we approach someone with signature authority or did we meet with a low level employee who has to fight for every dollar above $25,000 or $50,000 that he or she requests?
· “Did we dress professionally and project confidence or did we show up in shorts and appear surprised by all the questions asked of us?
· “Did we discuss our intention to build a long-term relationship with a bank we can grow with or did we say we were shopping around for the best rates?
· “Did we provide a loan package – an executive summary and our financial statements – or did we jot some information on a post-it note?”

If your response was the first option for each question, then conduct research on what types of banks may get you to yes and what alternative capital sources may exist. If you responded yes to the second option for each question, you must work on your packaging and preparation before you approach another bank or any other financing source. If you are not prepared, you cannot provide a modicum of a financial statement or other finance-related information, and you cannot adequately describe your business and market in words, then you will likely continually be turned down by banks and by many of the alternative financing sources.

A bank does not want to see a business plan. Instead, they want to see a very condensed, highly relevant synopsis of the business plan called the Executive Summary. This is typically three to five pages long and includes the following:
1) General overview of the business;
2) Industry overview;
3) Market overview including competitive advantage;
4) Management team including board of advisors;
5) Growth plan for the business;
6) Financing need and why;
7) A chart of sources and uses of funds.

Each section should be about one to two paragraphs each. Attached to the Executive Summary should be historical financials for the past three years, audited or reviewed. If the financials have not been audited or reviewed by a CPA – and the overwhelming majority of small business financials have not – then copies of the business tax returns for the prior three years are needed.

One last point: Build and nurture a relationship with your banker. A true banker is someone who has decision-making authority…typically someone who has signature authority for $500,000 or above. Cultivating a relationship with a good banker is well worth the effort. That banker will support you when your margins drop (if kept informed), point you to other financing sources if he or she cannot directly assist, and seek creative solutions if your loan needs exceed the limits for the bank.

Owner Finance: The Best Way To Buy A Business Today

We wanted to revisit the issue of owner financing for one major reason:

It might just be the last way (and best way) for a budding entrepreneur to purchase a business these days.

Face it – banks are not lending to those seeking to purchase a business and, to even get them to look at your deal, you better have twice or three times the collateral in relation to the potential loan amount (regardless if the business is extremely profitable or not) – and just because they might look at your business loan request does not mean they will approve it.

Even non-bank lenders are not lending for the purchase of a business unless it comes with a huge amount of real estate and then they will only fund based on a small loan-to-value of that real estate.

That leaves two options for most people wanting to buy the business of their dreams:

1) Friends and Family (what some call Friends, Family or Fools). However, unless you have a very rich uncle, most of your friends and family are also facing financing restraints and either will not or cannot help you make a big purchase like buying a business.

2) Owner financing. Where the current owner of the business is willing to sell it to you on terms (meaning they – not the bank – hold the note).

This is what we will discuss here – as this might really be the only way left to purchase a business today.

Owner financing can benefit the purchaser (you) in several ways:

1) Easier to qualify for as you don’t have to jump through all the hoops that banks or lenders will make you jump through like cash flow analysis, property appraisals, debt-to-income ratios, personal financial statements, etc.

2) Better terms than most banks will offer – thus, saving the new owner (the purchaser) both time and money – not to mention less in regards to reporting (ongoing financial statements and tax returns) and fewer covenants.

3) More than just financing, since the current owner still has a stake in the business’s success, they will provide invaluable guidance and advice well into the future.

Plus, if the current business owner believes in the business (and you can get them to believe in you) – this should be a no brainer for the owner. If they hesitate without giving a very good reason, that might be a red flag to you as it might show that the current owner does not believe in the long-term viability of the business (they know something is wrong or in decline).

Let look at an example to show how owner financing works:

Let’s say you find a business for sale – a business that you know you will have the necessary passion to work hard at and grow beyond where it stands today.

The price of the business is $100,000 – yet, you tried to get a bank loan, a SBA loan and even a non-bank loan and have heard nothing but “NO.”

Here is where you approach the current business owner and entice them to sell you the business while carrying the note.

How your deal should work:

You tell the current owner that you will provide some down payment (this is to show good faith as well as provide a little cash incentive to the current owner).

This down payment should be around 10% but could be less depending on how much you can raise. But, raising $10,000 is much easier than raising $100,000. Plus, any bank or non-bank lender would require you put up more than 10% – so 10% is really a win for you!

Now, if you put 10% down, that means the current owner would have to finance the remaining 90% or $90,000.

Here is how to approach that:

State that you will pay both principal and a comparable market interest rate (let’s say for this example – 10% APR) amortized over (7) seven years (choose a term that makes the payments work for you as well as for the current owner).

But, you will also include a balloon payment in (3) three years – allowing the owner a full exit if necessary.

The longer term (7 years) gives you breathing room by making your payment affordable (the longer the term, the lower the payment).

The balloon payment (meaning that even though the loan amortizes over 7 years, the remaining balance after 3 years will be due in full – the balloon term) gives the current owner a way out in a short period as well as provides you time (3 years) to establish yourself in the business – so that when the time does come, you have a track record that you can take to the bank to finance that balloon balance.

Plus, if both of you are happy with the way things are going; you can always refinance the balance (balloon) with the current owner at the 3 year anniversary date.

Banking For Small Businesses

Starting a new business is a daunting task, not least because of the financial systems you have to set up including your business finance systems. There are many parts to your business finance. It doesn’t matter what size the business is there is still a degree of complexity. We however are concentrating on the smaller businesses and the financial requirements placed upon them. The purpose of this article is to provide some helpful background information, which we hope will prove useful.

The types of finance available to small businesses is pretty similar to that available to the private person. Financial institutions will offer the usual banking applications such as business current accounts, business credit cards, business loans and mortgages. One notable difference however is that the charges tend to be higher and the conditions tighter for business products over personal ones. The majority of banks will offer a full range of products and have dedicated departments and personnel in place to help you and your business.

Online business banking is especially important to the small business, particularly for those business people who are continually on the move. Previously a small business man or women would be forever in and out of the local branch of their bank to either cash cheques, pay in receipts, arrange overdrafts or finance. With the arrival of online banking and the accessibility of the web, it is now easy to control the finances of the company at any time of day and any place. The days of wasting time in the banks, which would be better employed running the business, are thankfully in the past.

Financial institutions particular value business customers very highly. As a result they are very competitive when comes to enticing new business customers. New businesses are particularly attractive and banks will often agree very good deals to encourage the startup enterprises as once they have the custom they are in a good position to retain it. It is always prudent to shop around and talk to numerous banks to find the best deals on offer. Consider not only the rates for new business, but also how the current customers fair when compared to other banks. This will give you a good idea of the long term competitiveness of an existing bank. There are several internet comparison engines that can get you started on this process.

Racing Awards, Medals and Customized Gear for Runners

Running, whether it be a 5k with the family, a 10k for an extra challenge, or a marathon for the elite runners, can be a very exciting and memorable experience. Running is a very personal sport to lots of people, as it can be great exercise and can make you look and feel very refreshed. Tons of awards are given out to winners at races each year. For people organizing these racing events, finding customized and personal running gear can be difficult, as well as finding unique prizes for running champions. When orchestrating a race, you want to have a memorable competition. Medals and unique prizes can help to make the race more exciting. Participants can keep prizes as souvenirs, and remember the experience better because of a keepsake.
The most important souvenir a competitor can take home is a winning medal. Those are worn with pride, and showed to family members and friends. They are often hung on walls, or shown off where they can be seen. Of course, medals need to be personalized, unique, and specific. You cannot award a running champion with a medal that doesn’t recognize what it’s for. It is often a perfect idea to find a company that will provide you with customized prizes for winners. Often, you can ask for customized medals that include the date, the name of the race, and the name of the company sponsoring and orchestrating the event. That way, when people proudly show their winning medal to others, the people who made the event happen will receive the credit and publicity they deserve.

In addition to medals, running apparel and gear can be a great way to make the race more memorable. Unlike medals, gear is commonly worn and would be used often. Passing out swag, such as customized shirts, jackets, hats, and bags can be a great way to add to the excitement of the race. Races with their own gear are viewed as more unique, as they have customized logos and attractive designs. Shirts can be given out to families, and jackets can be sold at the finish line. Hats can be passed out before the race to keep the sun out of the athlete’s eyes. And, of course, bags can be kept forever and used for multiple occasions. Having the name and date of your race on these items can help to increase publicity and help the runners remember what a successful and memorable race it was. Customizing these mementos can help to define a great race, and will definitely help a race to be more exciting and enjoyable.

Gamble on Line – Possess these Various Advantages for your own

There Really are assorted kinds of games and sports which can be found around the world and human beings possess significant interest within them. There’s simply no uncertainty at the simple fact this one among the absolute most essential explanations for why the games and sports really are all important to this public is on account to how those toss some type of troubles .

There Is just 1 particular certain form of video sport which likewise causes it to be into this set of their treasured games which people are able to playwith. And it’s also not any aside from betting. Betting fulfilling the exact same and is exactly about challenges. There are areas. But once again if it regards betting on line the huge benefits really are far a great deal greater than that which it’s possible to see right now.

Now you Must definitely make certain which you’re choosing the optimal/optimally internet web sites as a way to acquire through together using the practice of betting absolutely. And this is what’s going to offer a great deal of benefits to you.

A Variety of Benefits of gaming Internet:

After Would be the numerous benefits of betting on line that individuals have to be mindful of:

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Comfort Is decidedly among the greatest explanations. Here really is some thing which functions being a boon because you aren’t going to need to go everywhere whatsoever.

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Coloring Pages Growing Horizons Of Kids

Children are amazing. They know whatever they are taught. If You wish to enhance the horizon of one’s children, and it’s time to get them participated together with coloring pages. Yes, even they all are on line pages that offer many different ways to bring the hidden talent in your kids. These coloring pages comprises of exceptional lessons that are conveyed at a manner that is fundamental to enable kids to grasp.

Coloring Pages – Benefitting Childrem

Worrying concerning the cost in Association? Chill, as they truly have been available at no price tag. Furthermore, you need to stay away from the stress of shopping for exceptionally costly gadgets that are educational. Everything you will need to have is your distribution for your own printer. It can open the pathway for both kiddies to take high benefits in association with internet colouring pages.

You must be wondering why children Have to Be included in coloring. The main reason is that coloring an image will absolutely control the entire attention of one’s kid. They is going to be in a favorable position to concentrate regarding completing their work followed closely by presenting the most useful finished merchandise.

Parents Can Be Getting Brief Repite

Additionally, Mom and Dad Will Have the Ability to Acquire short respite as your Children will probably undoubtedly be coloring pages which is really a funny exercise. On the web coloring pages have been well known to give children several of the best educational gains entirely. They is going to soon be memorizing numbers along side titles of veggies as well as creatures.

More vulnerability to coloring, simple will probably be learning methodology. Kiddies will secure a chance to fortify the coordination between eye and hand . Since they’ll be learning to color lines, abilities will grow in a ultimate manner. Psychologists state that coloring offers an insight into emotions of children in an imaginative way.

Which exactly are you thinking? Involve your kids with coloring Pages in the earliest.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.