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Archive for December, 2007
Santa on a Pontoon Boat?
December 19th, 2007 categories: Entertainment, Local Communities, Real Estate News, Recreation
As seen at Indian Lake, about an hour Northwest of Columbus.
Let’s hope Rudolph and his pals can swim!
| Discussion: No Comments »
7540 Scioto Parkway, Powell, Oh. 43065
December 12th, 2007 categories: Columbus, Local Communities, Our Listings, Powell
Click here for more information or to schedule a showing!
This one has it all! Immaculate condition and great location in desirable golf course community. Enjoy the flow of this open floor plan with cook’s sized kitchen, vaulted great room, loft and professionally finished lower level with bedroom/den and full bath. Fantastic outdor spaces are accented by extensive landscaping, freshly painted deck and paver patio
The location offers convenient access to freeways, shopping, recreation and dining including:
- Columbus Zoo
- Scioto Reserve Golf & Athletic Club
- Kinsale Golf & Fitness Club
- Wedgewood Country Club
- The Memorial Tournament
- City of Powell – shops, dining and more
Price: $319,900
Bedrooms: 3 (Could have 4th in finished lower level)
Baths: 3.5
Garage: 2 Car attached
Schools: Buckeye Valley
Square feet: 2,919 per Auditor (does not include lower level)
Rooms:
- Great Room
- Eating Space
- First floor utility
- First Floor Den
- Loft
- Formal Dining Room
- Lower level family room and additional den or bedroom
Heating/Cooling: Gas/Central Air
Features:
- Spacious loft offering space for toys, media area or exercise space
- Deck and paver patio overlooking rear yard
- Wood floors in entry, dining room, kitchen and eating space
- Cook’s kitchen with eating bar open to the great room and breakfast room
- First floor owners suite with luxury bath featuring soaking tub and double vanity
- Lovingly maintained always
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| Discussion: No Comments »
Let it Snow!
December 6th, 2007 categories: Columbus, Local Communities, Real Estate Professionals, Westerville
As I was out and about this morning for the Northeast/Westerville Realtor Association Holiday Breakfast, I took a few shots to capture the morning sun and our first blanket of snow this winter. These are taken near Everal Barn and Homestead. My family and I love the snow. From skiing and snowboarding to winter hikes, snowballs and snow angels, we say “bring it on!”
For those of you who despise the white stuff, I hope you will at least enjoy the photos.
| Discussion: 2 Comments »
So You Want to be a Real Estate Investor? - Part 2
December 3rd, 2007 categories: Columbus, Local Communities, Real Estate News
In my last post I discussed the ins and outs of investing in real estate by renovating and re-selling properties to realize a short term profit. Today let’s look at the concept of investing in rental properties as a longer term strategy.
In recent years, many a client has come to me considering this avenue. Ups and downs in the stock market, high housing inventory and low interest rates can make income producing properties a good option. If you are considering the purchase of rental property, here are a few things to consider.
- How much money do you have to invest?
- What are your objectives? (i.e. long term equity growth, short term cash flow, etc.)
- Will you self manage the property or properties?
- What are the tax ramifications of your strategy?
- Is your spouse or partner on board with the plan?
Knowing how much money you have comfortable access to is critical to analyzing your purchase options and return potential. Please be conservative and do not enter into this lightly. Looking at rental properties as a quick source of income is a mistake. Understand the potential risks and how they could affect your finances.
Think carefully about your goals. Investing to help with your childrens’ education in 10–15 years is very different from building a large stream of income in a 2–5 year period. Both are achievable, but they likely will not go hand in hand.
Determine if you will handle all management and repairs or if you will enlist the services of a property management company. Though a property management company can provide a wide range of services, it will come at an expense and may not be justified for the small scale investor. If you plan to manage for yourself, be aware that most repairs and maintenance items will show up unexpectedly and may require swift attention.
Before you begin investing be sure to speak with an accountant to understand the benefits and drawbacks owning rental property may present. Each situation is different and you will want to have an idea up front of what to expect come tax time.
If you are not the only decision maker in the family, please be sure everyone is on board. I have seen many folks excited about the process only to learn that the spouse or partner was not at all supportive. Sometimes this is only a matter of education and understanding the true risks and rewards.
Don’t get me wrong here. I am all for real estate as an investment vehicle and am not trying to scare you. I just want to be sure you really think about your decision and make sure it is right for you. Many is the time I have heard someone say “I am tired of being a landlord”. I contend if you do your homework and know what your goals are it may be just the thing for you.
| Discussion: 2 Comments »
