Hiring a contractor for a plastering job is as age old as the Great Sphinx itself! In the same age range as tile, brick, and cement, plaster is also one of oldest building materials and even ancient Egyptians incorporated plaster into their buildings and pyramid artwork. The plastering work of ancient Egyptians survived for over four thousand years - so you can just imagine how long it will last for you!
Plaster Defined
Made of sand and lime (gypsum) and of course water, plaster is generally used as a finishing coat on walls (like drywall) and ceilings however you will certainly see plaster in other forms such as art, sculpture, and molding.
Types of Plaster
The different types of plaster that are available are distinguished by the method in which they're made. You may have heard of Plaster of Paris - this plaster is made with gypsum and when dried, it forms a finish that resembles marble. It's when other ingredients are added to this gypsum mixture that new types of plaster are formed.
For example, when clay or lime is added, plaster hardens slower and allows more time to be shaped or molded into place. To enhance the acoustics of a room, an additive may be added which will form air bubbles in the plaster. Plaster made with epoxy resins (or hydrated lime bases) become waterproof and are appropriate for areas around the house that are constantly exposed to wetness (like the shower or kitchen sink).
Plastering Internal Walls
As a wall covering, plaster is applied in two coats. The first coat is called primary coat (although you may hear your contractor refer to it as the scratch coat), and it's intentionally laid on with a rough texture. This roughness helps the second coat stick to the first coat.
The second coat (which again, although you may hear your contractor refer to it as the finish coat) is applied much more smoothly with a trowel. This second coat is what you'll see when you look at an unpainted wall.
Plastering Gets Creative
Today's interior decorators are experimenting with plastering by adding colors and textures to the final coat. Some examples that you might see are Marmorino or Venetian plaster finishes. Both Marmorino and Venetian plastering use different shades or tints of colors to create an interesting look.
Faux plastering attempts to emulate the old worn look of ancient Italy and Rome. During the time of these ancient cultures, plastered walls were worn from age, weather, and probably the effects of numerous wars. Despite the reasons, their appearance gave us a story to tell, and it's this story that modern decorators are attempting to re-tell.
For a really textured look, some interior decorators fuse physical materials into the plaster, like tiny colored stones while others scratch over colored layers of plastering to reveal underling hues. This latter technique is called sgraffito.
Plastering External Walls
Plastering wall in the outside environment is called stucco and stucco can cover tile, brick or even concrete.
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With repayment mortgages, the monthly payments to the lender comprise an element of interest charged and an element of capital repayment. As long as all the repayments are made on time, repayment mortgages are guaranteed to be repaid at the end of the term. Repayment mortgages are also known as ?capital and interest mortgages? because the capital balance is repaid along with the interest payments.
During the term of repayment mortgages the monthly payments made to the lender comprise both an interest portion and a capital repayment portion. At the beginning of the term of the mortgage the interest portion is high and the capital portion low. Over time the interest portion diminishes and the amount of capital repaid increases. At the end of the term of repayment mortgages, the capital portion should be fully repaid.
Repayment mortgages are less risky than interest only mortgages because there will be no outstanding balance at the end of the term. Borrowers will therefore not be required to establish a separate Capital Repayment Vehicle (CRV) such as an endowment policy. Home owners with repayment mortgages are also less likely to suffer from negative equity because they will be constantly decreasing the capital portion of their loan.
Regardless of the reduced risk, borrowers of repayment mortgages should take out decreasing term assurance policies. This type of assurance policy reduces the sum assured roughly in line with the reducing mortgage balance. This will insure that the balance of the loan is repaid upon death of the borrower. By selecting the right type of assurance policy, the borrower will insure that the balance of the mortgage is paid off in full either when the term of the mortgage expires or upon death if they die during the term of the loan.
One disadvantage of repayment mortgages is that the amount of the monthly repayment will be higher than for interest only mortgages. This is because the borrower will make payments towards the capital balance as well as the interest each month. This can make repayment mortgages difficult to afford for first time home buyers and home owners with tight household budgets.
Home owners who opt for interest only mortgages should consider switching to repayment products at some point to ensure they eventually pay off their homes. If the balance of the loan is not paid off during its term the home owner will need to have established a CRV that will pay off the balance for them.
Repayment mortgages therefore have both advantages and disadvantages and borrowers should be well informed of both before applying. Independent mortgage advisers can help borrowers who cannot decide whether to apply for interest only or repayment mortgages by providing expert and impartial advice. Once the assessment has been complete the mortgage broker can assist the home owner in selecting the most appropriate product for their personal needs.
Both Paulglover & Michael Sterios are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Paulglover has sinced written about articles on various topics from Home Improvement, Painting and Home Improvement. Author Paul White represents FloridaHomeBuild.com. A site designed to help home owners from Florida locate local home contractors with their home improvement projects. Visit Our Site: http://www.FloridaHomeBuild.com. Paulglover's top article generates over 135000 views. Bookmark Paulglover to your Favourites.
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