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Date Archives: August 2017

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Bellefontaine | 19 Posts
Home Buyers | 68 Posts
Home Owners | 31 Posts
Home Sellers | 36 Posts
Indian Lake | 23 Posts
Lakefront Homes | 6 Posts
Living in Ohio | 11 Posts
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Moving | 11 Posts
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August
29

How to Buy Land for Sale in Ohio

Those who are searching for land to buy in Ohio are in luck! There are many opportunities to do these searches online and with the support of qualified realtors. To get started, try the following options.

Where to Look

Whether it is a neighborhood, subdivision, waterfront property or other home, find the one that is right for you using the following tools:

Neighborhood Finder

Lists available homesites for buyers looking to build a home. It is a resource for purchases of land for buyers and half the people who search may not have land to build on but are looking for the best property to suit personal needs.

Online Listings

The internet is a great resource and tool for finding land and homes, especially when beginning to research neighborhoods and locations. Use websites like Zillow and Trulia to narrow down the search and save on time.

Multiple Listing Service (MLS)

Check with a real estate company such as Choice Properties in the area to access land listings. Consult with a real estate professional who has experience in the area and knows the complete listings available for a comprehensive search.

Chamber of Commerce

Plat directories for the area are available through the Chamber of Commerce. Consult the county auditor's searchable database if available.

Knock on Doors

Once a location is narrowed down, find the right place to build or buy by asking neighbors. They are a great resource and a wealth of information about land for sale or if landowners may be considering putting properties up for sale. This may seem like a last resort but in many cases can net some great buys before it ever even goes to market (which may lead to better deals). Personal connections sometimes net the greatest results.

Know What to Ask

Once the land is located it is important to make sure there is appropriate space for the home or that the home that is dreamt of will be suitable for that space. Here are some questions to ask:

  • What are lot dimensions and zoning requirements for setbacks? Subdivision lots may require a survey to stake the home within guidelines.
  • Easements may narrow the lot width. Know the easements before purchasing to make sure the selected home will be the right fit.
  • Look for restrictions in the subdivision regarding deed or neighborhood covenants. Bylaws can and do vary. Find the best neighborhood that suits the desired home.

 

Buying land can feel like a daunting process but it does not have to be. Contact Choice Properties to find out how we can assist you on finding the right home and land for your budget and desires.

 

August
23

 

Living Amongst Lovely New Homes for Sale in Quincy Ohio

Quincy is a village in Logan County, Ohio. The present population is around 700 people. Nearby towns include DeGraff and Bellefontaine. Quincy homes attract families seeking a small town where everyone knows one another with nearby access to bigger cities and attractions such as Indian Lake.

History

The village of Quincy was developed in 1830. Named for John Quincy Adams, sixth President of the United States, Quincy real estate is among some of the more affordable options with proximity to bigger towns yet maintaining the serenity and peace of a quiet village.

Community

State Route 235 passes through Quincy from north to south. State Route 706 is located south of the village limits which begins at an intersection with State Route 235 which leads to DeGraff, only a few minutes away. Indian Lake is approximately thirty minutes away, making it a great destination for day or weekend trips for families seeking to get away and enjoy the beautiful waterside dining and activities. A few small businesses exist in Quincy. The Pines is a bar and restaurant which was renovated in 2007 to include some additions such as a shelter house and upgrades to the establishment. Nearby DeGraff offers additional opportunities for dining, entertainment and connection with neighbors and friends.

Approximately 700 people, including 191 families, call Quincy home. Nearly half of all households had children under the age of 18 living in them with a median age of 33 years old. Families searching for Quincy homes will enjoy a community with many young families, children and plenty of opportunities to connect with neighbors.

Schools

Riverside Local Schools are the closest district for young children in the area. Serving grades K-12, the elementary school currently has approximately 400 students enrolled while the high school (grades 7-12) has 380 students. The high school athletics department offers students many opportunities to get involved in sports of all kinds including baseball, basketball, cheerleading, cross country, football, golf, softball and more. Both younger and older students will enjoy a rigorous learning environment focused on the student's pursuit of excellence.

Things to Do

While Quincy is a small village, there are many amenities available in nearby Indian Lake and DeGraff. Families who reside in Quincy homes are only thirty minutes away from various waterfront. Natural parks, caves and hiking trails exist as well as local campgrounds to spend time with family and friends. Bellefontaine is mere minutes away which has shopping, dining and entertainment for all ages. Camping and spending time in nature are among some of the favorite activities of families residing in Quincy.

When seeking Quincy real estate, the peace and serenity of a small village with local access to nearby towns such as Bellefontaine and Indian Lake make this a viable, affordable option for families seeking to live in a small village and know neighbors. The great schools also make this a place to consider setting down roots when searching for that perfect place to call home.

 

 

For more information about our award winning real estate agents at Choice Properties, give us a call!

August
17

How to Value Waterfront Property in Ohio

Waterfront property is unique in a number of ways, particularly in Ohio. This means it may be more difficult to determine value on a property but it is worth discussing the unique factors and be aware of those prior to valuating waterfront property.

evaluating waterfront properties in ohio

Sales Comparison

People use the sales comparison approach quite often when looking at properties. Things such as comparing a neighbor's home value to one's own or appraisers who get detailed evaluations based on recently sold homes in the area to value a home are using sales comparisons. A similar property with similar features in both the land where the home is located and the home itself may make it easier to determine an estimate of value even if it is just a guess.

Market Periods

Look around at properties in the same neighborhood which sold in a similar market period. Marker periods in the central Ohio area are a product of a few things including weather and school schedules.

Winter: the slowest market period is between December through March when sale prices tend to be at the lowest point

Spring-early summer: busiest period starting in April through mid-August. Typically the highest prices are peaking at this point as parents want to decide prior to school start dates

Late summer-fall: Late August through November see sales slow down as school begins and everyone heads into the holiday and winter seasons.

Generally speaking, appraisers like to locate a similar property to one in the same neighborhood which has sold in the past 6 months but often look at homes sold in the past year. When this occurs, the review of past sales may span across many market periods.

Central Ohio home sale prices tend to peak at their highest in the Spring-early summer then decrease or remain level until the following year. This is due to supply and demand being high. Market periods are important to determine value for property as a similar one sold in December may have sold for less than it would in the busier market periods (early spring to summer).

Variation Between Properties

All homes have variation since no two homes sit in the same place. No two homes are the same and each variation has a value placed on it used in adjusting overall value.

Waterfront Properties

Standing beside a lake with a slight breeze blowing, it can feel moist and damp or warm and inviting depending on the time of year. Waterfront properties may experience a few different things depending on relationship to the water. This is due to winds blowing from west to east and variation at one property is likely to shift values from another property that may face a different direction or have a different vantage point. Properties on the western shore of water may have higher values than those on the east shore.

Having an outdoor living space with a patio, deck and yard are important for people who want to enjoy the view of a waterfront property. It is important to note the amenities people will enjoy and those they may not. Not every person wants or needs a boat dock but it may be an important selling point regardless and is worth making sure the dock, if it exists, is in good working condition.

 

Home estimates are done every day by trained realtors with experience in the Ohio region. Contact Choice Properties to find out how we can assist you in finding the best appraisers and value for your property if you are looking to purchase or sell waterfront property.





August
9

Living the Good Life in Lewistown Ohio

Lewistown is also known as Lewis town or Lewiston. Located in Logan County, Ohio, it was originally the site of a Shawnee settlement. Indian Lake was once known as the Lewistown Reservoir and is currently unincorporated. As of the most recent census, the population hovered just under 700 people.

History

Native American tribes lived in the area around Lewistown. In the 1820s Lewistown was primarily inhabited by Seneca and Shawnee people. The Treaty of Lewistown caused the resettlement of 300 people to the 'western side of the Mississippi river.' Only a handful of white men lived in Lewistown but in the summer of 1832, Native Americans departed and some white families began to move in. Daniel Conley helped build the first frame house in the village while Henry Hanford opened a general store to become the first postmaster of Lewistown. A mill, steam sawmill, tavern and distillery were opened between 1835-1862 but the distillery was shut down by the government for failure to make tax returns.

Geography

Lewistown is located at the intersection of County Roads 54 and 91. State Route 274 is a short distance south with State Route 235 a short distance to the east.

Community

Approximately 693 people or 193 families live in Lewistown homes. More than one third of the families have children under the age of 18 living with them. One fourth of the population are under the age of 18, making this a young community of families. Lewistown real estate is an affordable option for families seeking a small community with close proximity to Indian Lake, activities, beach and water features approximately fifteen minutes away.

Schools

A school was founded in Lewistown in 1833. Initially housed in a log cabin, it was moved to a frame building in 1840. The Lewistown special school district was founded in 1874 but is now known as the Indian Lake Local Schools. This school district recently acquired the title of "Excellent with Distinction" by the Ohio Department of Education. Grades K-12 attend the elementary, middle and high schools in the area with an enrollment of approximately 1,800 students. Families who live in Lewistown homes will enjoy a small school where kids can get to know one another and build long lasting friendships.

Things to Do

While Lewistown is a small village, there are many amenities available in nearby Indian Lake. Waterfront dining, sports and recreation, beach access and extracurricular activities are all part of living near a beautiful lake. Lewistown real estate is affordable and in close proximity to the lake while maintaining the privacy and serenity of small village life. Indian Lake is a thriving, vibrant community which includes shopping and natural parks within a short distance. Museums and cultural activities are nearby in Columbus, accessible by highway.

 

When seeking Lewistown real estate, consider the serenity and peace of a small village with access to resort style living in Indian Lake. Great schools and friendly neighbors make this a place to put on top of the list when doing a search for that perfect home.

 

August
1

Should You Invest in a Rental Property in Ohio?

Owning assets that bring in extra income is a great financial strategy, even better than owning assets which merely generate expenses. Owning a house or apartment requires maintenance, repairs, taxes, interest and other expenses. Income from a rental property can generate positive cash flow. Learn more about the possibilities of investing in rental property in Ohio.

Do It Yourself (DIY)

Being a handy person can be a great asset when it comes to doing light work around the house to keep things in good condition. Becoming a landlord requires some hands on work. It may be too expensive to handle outside contractors but doing the work can save money.

Know the Right People

If expanding a property portfolio sounds like a good idea, it may become difficult to manage all the work alone. Trusted contractors who have personal relationships can put an individual into a better position to negotiate discounts and enhance overall profit. Relationships take time to build and it takes time to find the people who will do a great job at a good price. Having trusted people in the business is a great way to sustain owning property for the long haul.

A 24-Hour Job

Hiring a company to manage properties is an expense that cuts into profit. Depending on location, it may be affordable to do this just from rental income. Working with a property management company who responds to household problems can be helpful unless an individual wants to take calls middle of the night. When starting an adventure with rental properties it helps to figure out what will work best for individual circumstances.

Save Up

Buying a house with rather rather than with a mortgage is eliminating the expense of a payment. Every cent of rental income received, after maintenance expenses, is profit. This makes a difference between rental property success and struggle. Leveraging property purchases by using other people's money can turn out to be profitable when values increase but is not guaranteed. Loans create the opportunity to become a landlord to more people. Having cash to buy property is not necessary but it can be helpful in generating a positive cash flow.

Working for Extra Money

Work may pay off when adding properties to the list but the path to a high status with rental properties is not as easy as it seems on television. Profit in terms of financial statements must be considered in terms of time and labor. The work isn't for everyone but can turn a good profit for those who seek success.

There are challenges to earning a living through rental properties. It is not something everyone should jump into or take lightly but it can bring some additional cash flow to the table (and pocketbook). Considering all angles of the business and what a person is willing to do to make it happen are all ways to look at the options when thinking about purchasing properties for investment in Ohio.

 

Choice Properties has trained real estate agents who excel in the business of properties. If you are seeking to rent or buy property in Ohio, contact us to find out how we can assist you in finding the right place for your investment.

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