Retiring to a Lake House in Indian Lake Ohio Indian Lake is a beautiful location with lots of amenities and options for individuals seeking to retire in the community. Whether a person wants to pursue an active lifestyle or one that is more laid back, Indian Lake is the perfect place to set ones sights on finding just the right lake house for retirement. Lakes Galore Indian lake is well positioned in the area with a 6,334 acre reservoir and canal system which gave way to new and growing railways. Indian Lake remained, serviced by railways and is a destination for people who enjoy fishing, boating and other lake activities. The lake has many fish including Saugeye and includes fishing clubs, snowmobiling and numerous islands which form the Indian Isles. Wildlife areas are accessible by a network of channels, inlets and bays while people can enjoy on the ground entertainment with camping, hiking and biking along the lakeshore. Buying a Home Purchasing a home in Indi
Buying a Home in Indian Lake Ohio Indian Lake Ohio is located in Logan County, western Ohio. Fed by the north and south forks of the several waterways, Indian Lake was named so because several tribes lived in the region and found it to be ideal for fishing and hunting. Today, the region is a great place to purchase a home with its beautiful lakes, activities, schools and other amenities at an affordable price. Indian Lake Indian Lake has numerous islands, including the Indian Isles chain which expands across the center of the lake with numerous wildlife areas and a 30 mile shoreline. Several of the areas have activities to enjoy including lake-front biking, walking trails and boat launches. Activities centered around the lake include a Jimmy Buffett weekend the first week of February along with the annual Boat Show the first weekend in March. The Ring of Fire is on Sunday evening prior to Labor Day weekend which explores an Indian tradition in celebration of the ha
Comparing Renting vs. Owning One of the hottest topics in housing is whether to rent or own a home. Market conditions and personal finances and other things factor into the decision to rent or own a home. Learn how calculations actually work in order to feel confident on deciding what is right for the budget and family. Check Numbers The first thing to understand is how math works for each individual looking at homes. Calculating monthly costs of home ownership, subtracting tax benefits and comparing the final figure will help gauge the difference between home rental versus home ownership in the same neighborhood. Assume a credit score of 750, a $300,000 home purchase price with 10 percent down ($30,000) for a 30-year fixed mortgage. Current rates hover around 3.25 percent. A mortgage calculator will tally the total monthly cost as follows: Mortgage payment of principal and interest $1,175 Property taxes $300 Private mortgage insurance (PMI) $133 Homeowners insuran
Legal Benefits to Using a Licensed Real Estate Agent Whether buying or selling, a professional, licensed real estate agent can provide great benefits in finding a dream home. Legal obligations to clients can provide a safety net for the client. Find out what legal benefits exist to using a licensed real estate agent and how to take advantage of the opportunity. OLDCAR The acronym OLDCAR is used to describe legal obligations afforded to clients by licensed real estate agents. The benefits included are listed as follows: Obedience If an agent represents an instruction with financial implications, the agent is required to follow it even if disagreement ensues. This pertains to anything that is legal and does not contradict a contractual agreement. Loyalty An agent is obliged to put the interest of his or her client above those of anyone else involved in the deal (including the agent). Loyalty gives the client a sense of peace and reassurance the agent has his or her bes
You Should Buy Your Retirement Home Before You Retire Planning to leave the workforce and retire in five to 10 years can seem a long ways away. Buying a retirement home now can actually pay off in the long term to capitalize on some benefits offered to homeowners. Learn five reasons to buy a home while still fully employed. Easier Approval for Mortgage Mortgage lenders evaluate loan applications based on debt-to-income ratio, the total monthly debt divided by gross monthly income. It is easier to qualify for a home loan while earning a steady paycheck. Waiting until retirement to apply for a mortgage can limit the size of loan which can be qualified for with lenders. Cash Flow Most people want to make some renovations and changes to a property once purchased. Setting a budget can help plan for the changes. A regular income is nice to have when updating or modifying a home. Working full-time can protect a person financially if major issues are uncovered. Retirement may no
Why You Should Live in a House Before Renovating Many buyers are looking for move-in ready homes. Significant opportunities are available in prime locations with home that linger on the market yet need some work. Some individuals will flock to the homes to customize to personal requirements and built equity along the way. Learn why it is important to live in a space before starting renovations on a property. Minds Can Change Living in a home can start with grand visions of seeing changes to be made but, based on the condition and priorities, things can shift over time. When a person actually lives in a space, it is easier to see exactly how to use the house, what will work and what will not. The day-to-day experience will inform home improvement decisions of how to use the home every day. Take a Break Purchasing a home is a massive project in itself. Along with an enormous change, it is a shock to the system. Finances change and buyers jump through so many hoops, spending months
The most important step of presenting your home for buyers is staging it appropriately. Consider these home staging tips from our real estate pros.