Looking to buy in a community with an HOA? Here’s what you need to know about your membership options. So you’ve found your dream home, but it happens to be in a neighborhood with a Homeowners Association, commonly known as an HOA. There are plenty of rules and regulations you’ll have to follow as a homeowner […]
Category Archives: General Information
Gap Between Homeowner and Renter Net Worth Continues to Widen
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home. Every three years the Survey of Consumer Finances […]
Buying a Vacation Home – 7 Steps to Financing a Second Home
Buying a second home is a big step, but one with personal and financial rewards. Perhaps the most obvious is — it’s a place to holiday. Owning a vacation home beats staying in a tiny hotel room, spares the hassle of having to make reservations, or worrying about the cost of rental rates and restaurant prices […]
How Much Do Home Sellers Spend To Prepare Their Homes Before Listing Them
Sellers gearing up for the spring home shopping season need to roll up their sleeves now and spruce up their homes if they want to attract a shrinking pool of buyers. Investing in improvements, maintenance and repairs could pay off when it’s time to sell. A new survey shows home sellers typically spend around $5,400 sprucing […]
How Much Does it Cost to Build a Home in 2023?
How To Get Blueprints Of Your Home
If you’re looking for the original plans of your home, for a renovation project or your own curiosity, there are ways to find them. What Are Blueprints? A blueprint is a reproduction of a technical drawing or engineering drawing used in the construction of a home and thus show a house as it was first constructed. […]
How the Economy Affects Home Equity
Residential real estate, including the home you live in, is an important component of the U.S. economy. The value of residential real estate minus the loans against it is one measure of economic health and has an influence on other parts of the economy. The 2007-2009 financial crisis was driven in part by a housing […]
Where are Central Ohio Home Prices Headed?
To understand where Central Ohio home prices are heading, we look at four key things: supply, demand, affordability and credit availability. While the first two components don’t tend to change quickly, affordability and credit availability can move very rapidly. And that’s exactly what we’re seeing now. The upshot is that because the overwhelming number of […]
Despite Obstacles, Single Women Are Buying Homes At Higher Rates Than Ever
A new trend in home buying shows women are ditching the traditional custom that marriage should precede homeownership. In 2021, single women made up 19% of homebuyers, while single men accounted for only 9% of homebuyers. Since 2010, there has been a 30% increase in the number of single women purchasing homes. While this trend is encouraging in terms […]
Ohio House Bill 126 Significantly Changes Property Tax Valuation Procedures
A new Ohio law substantially changes the landscape for real property tax valuation challenges in the state. In general, it substantially curtails school districts’ rights to initiate and appeal property tax valuation challenges. Governor DeWine signed the bill on April 21, 2022. It became effective on July 19, 2022, and affects valuation complaints that relate […]