Ohio is a Great Place to Buy an Investment Property The investment market in Ohio is full of great places to seek out the property that is best suited for an individual’s desires and needs. Many people seek investment property because renting feels like pouring money into a funnel and never getting the equity desired back out. For this reason, Ohio is the perfect place to stop searching and to start buying. Find out some reasons why. Ohio Market It is important to do research on where the best places to purchase property are located. Three cities in Ohio – Toledo, Dayton and Cleveland – are on the top 10 lists of markets where it is better to buy property than rent. The main reason for this is the rebounding effect following the recession of properties becoming available. Do not get too caught up in lists as they are not the only factors to consider when looking to buy a home.
Many homeowners shore up their pocketbooks and homes for spring when the markets start to get hot. Just after the new year, buyers and sellers often make real estate resolutions about moving, buying new property or selling existing homes. When planning to take ownership of these resolutions, it helps to research the 2017 housing market predictions to figure out when to sell. Here are a few things to keep in mind.
Belle Center is located in Logan County, Ohio. It has the distinction of being a Tree City, USA due to the city’s efforts in tree planting and tree care. Belle Center real estate is some of the most sought after in the Indian Lake region for its natural beauty and serene qualities. History During the 1840’s, settlers moved into the area to develop a new town. The Mad River and Lake Erie Railroad began to plan a railroad line through the area. Belle Center experienced growth as a result of the rail line bringing economic development with businesses such as hotels, blacksmiths shops, restaurants, markets and an ‘Opera House.” An ice cream stand, a bank, grocery store and other businesses are now part of the town’s landscape.
Ohio lakefront living is beneficial in so many ways. Relaxation and peace are not the only reasons being by water increases overall health. Ohio has many beautiful spots to choose from when selecting the optimal lakefront property. Learn more about why waterfront homes provide so much for people who enjoy the serenity of living by a lake.
Spring fever has come with the arrival of some warmer days and longer hours of daylight. This is the time people start to dream about rejuvenating the outdoor garden and picturing beautiful landscapes. Mulch, weeds and other things can get in the way of the dream garden. Learn more about how to choose the right plants to boost the appeal of a home garden that everyone can enjoy. Plant a Spring Garden in Indian Lake Dirt Matters A soil test is the best way to see what is going on underneath the dirt in the yard. The local agricultural extension office can provide helpful information such as what will grow and how to improve the soil quality. Some of the follow are tips to help get started: Add organic matter to the soil Start a compost pile or add bags of composted manure If soil is drained, plants that tolerate wetness are recommended or a dry creek bed can be installed to prevent standing water
Many steps are included in the process of buying a home which can feel overwhelming. A good realtor can support individuals who are going through the steps of seeking to understand the process before getting pre-approval and making offers. Impound Account An account that is set up by the mortgage lender to pay certain property-related expenses on a persons behalf is called an escrow (impound) account. This is used for expenses like property taxes and homeowners insurance. Many mortgage lenders require an escrow account to insure the property is not at risk. Fees vary from year to year and generally are rolled into monthly mortgage payments. How Escrow Works Escrow accounts come into play with several home buying expenses like home buyers earnest money. If an offer is accepted then an earnest money check is deposited into the real estate brokers escrow account. The account is used for earnest monies only and other funds may not be mixed in with earnest money depo
A refinance could cut the monthly mortgage payment but whether it is the right move or not depends on some factors. Learn more about some things to consider prior to refinancing a home mortgage that could save time and money. Refinancing Costs Money A free finance does not exist as there are closing costs associated with any closing no matter what house a person buys. Anywhere from 2 to 5 percent of the loan amount will be added on and need to be paid upfront. Some options can also include: Cover the closing costs using a no-closing cost refinance which can come with a slightly higher interest rate Look at closing costs and how those will be covered prior to calculating how long it will take to make monthly payments to repay the closing costs If the closing costs will only be covered in four years and the plan is to stay two years in a home, refinancing may not make sense Savings Refinancing makes sense when the interest rate on a mortgage is more than 100 basis points abo