What To Consider When Buying A House To Tear Down And Build New
In many older developed neighborhoods there is very little vacant land available for those wanting to build a new home. For some buying land with an old home and tearing down the old home so a new home can be built can make economic sense. Whether the neighborhood is preferred for it’s location, the great schools it is affiliated with or just the community charm, buying an old house so a new one can be built after tear down can be a great strategy. This article explores some of the considerations home buyers should take into account when buying a home to tear down for a new construction build.
Get A Team In Place Prior To Even Considering The Purchase
As there are many steps and considerations involved in buying a house to tear down for purposes of building a new home having your team in place from the start is important. Team members should include an architect (for fully custom builds, some builders already have architects on their team), a builder, a real estate agent, a mortgage lender and a real estate attorney. These team members will need to work together to make sure that the home and land that is being purchase will meet all the requirements so a new house can be built on it. Miss any of the critical considerations below then the entire plan will fail.
Important Things To Consider
For starters the new home buyer will need to verify if a permit is needed to tear down a home. Due to all the pieces of a home, tearing it down can have an environmental impact and local governments want to make sure hazardous items...
What Kind Of Price Reduction Makes Sense For A Home That Is Not Selling?
Two of the biggest reasons a home does not sell is due to overpricing and the condition of the home not being in move in ready shape for the average buyers. Condition issues with a home can always be dealt with through proper pricing as for every home there is a buyer when the price is right. The main reason for lack of interest in any home is pricing. Without the right price buyers won’t bother since it may be a waste of their time to negotiate if they don’t believe the seller would be willing to come down. Thinking that any reduction in price will work is not the answer to an overpriced home, in fact the amount of reduction that must be made to a home is based on a few different factors like the current price of the home, how long it has been on them market and its current condition. This article will explore what kind of price reduction will be needed for a home that is not selling.
Why Does The Price Reduction Amount Make A Difference?
The amount of the price reduction is what will make the biggest difference when selling a house. Just as a one dollar price reduction will not make much difference when a home is priced in the hundred thousand dollar range neither will a price reduction of $1000, $5000 or even $10,000 make much difference in a home that is worth more than one million dollars. For a home priced at $505,000 reducing the price to $490,000 can have a big impact since that home will now show up in buyer searches where the price range is $500,000 and below. Whereas prior to the price reduction buyers searching below the $500,000 range...
Smart Devices To Help Save Energy And Money
All it takes is a smart phone, a smart device and an app to take your home into the future and turn it into a smart home. Generally smart devices are devices that are connected to the internet and do more that the regular version of that device would do. A smart security system can send you active reports of changes to the system, whether someone has entered the home or the whether smart camera detected the delivery person dropping off that package you have been expecting. Smart monitoring devices can check if no one is home and adjust temperature settings accordingly to help save energy. Here are some areas of the home a homeowner can make their home smarter which can also help with the convenience factor and can help save money as well.
Whole House Smart Water Monitoring
Imagine if a device can monitor each and every faucet in the house to know how much water has been used from each? Using that information that device can give tips and insights on how to save money and save water at the same time. Imagine if that same device can also detect water leaks and also shut off the water completely in the event of a major pipe burst minimizing any potential water damage. Such a device does exist with, Moen Flo, StreamLabs, and Belkin’s Phyn smart water assistant. These devices can monitor each and every water source in the house from the outdoor spigot,...
Where To Get Great Barbecue In Cincinnati
When people hear Cincinnati they may commonly think about the special variety of chili available here (that is a topic for another blog article), Graeters ice cream, goetta or some of the Cincinnati based specialty sausages of German origin. Some may not know Cincinnati has a great barbecue presence that includes a nationally recognized barbecue joints. Cincinnati is definitely a foodie paradise and barbecue is no exception as can be seen by the list of great barbecue places listed below.
Eli’s BBQ started up business in 2011 serving up delicious barbecue on Cincinnati’s Fountain Square. With the initial success from a summer of hard work they decided to open up a brick and mortar shop on Cincinnati’s east side. Now Eli’s BBQ has five locations located all over the Cincinnati area. In 2016 online business news magazine Business Insider named Eli’s number three in the nation of top barbecue places in the US. Come early though to make sure you get a seat as their food has been known to sell out due to the huge demand.