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 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 […]
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 […]
Sometimes it’s difficult to find the perfect house in the perfect location at the right price, such as in a low inventory market such as the one we are experiencing now. In these cases you may be interested in exploring the option of building a new home. But how much does it cost to build a […]
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. […]
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 […]
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 […]
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 […]
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 […]
Many renters feel buying a home is an impossible dream. But consider this: A landlord expects to make a profit after paying the mortgage, taxes, insurance, repairs and other expenses. The landlord’s only income for the rental property is the rent paid by the tenants. As time goes on, and the value of the property […]
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