Buyer’s Home: Your Exclusive Columbus Buyers Agency

Central Ohio home buyers foundationsAmong the worst-case scenarios for any Central Ohio home buyer is discovering that your recently-bought home has a problem with the foundation. This might be revealed after a heavy rainfall or snow melt that causes water to seep inside.

While Ohio home sellers are required to disclose any defects they are aware of, you cannot rely on this for recourse if a problem occurs down the road. Nor can your home inspector always detect a problem; finished basements may hide cracks or mold that evade a visual inspection.

However, there are some rules of thumb you can follow:

1. Check the gutters and downspouts. If they are in poor condition, missing or expelling water very close to the foundation, the foundation walls could have been exposed to water and the pressures of wet soil for a number of years. In turn, this increases the odds of a crack or a moisture issue.

2. Examine the topography around the home. Does the soil appear to be very low, or slope towards the foundation? Ideally, the home should be seated at the highest point of the lot, with soil sloping away from the home to send water runoff away from the foundation.

3. Underground water tables can be high enough in some areas to cause issues. In this case, catch basins and sump pumps are the best way to draw water up and out. Your home inspector should ensure that sump pumps are tested. Back-up systems should be installed against power outages.

4. The existence of a waterproofing system isn’t necessarily a sign of a problem, but nor is it a guarantee against future issues. If you or your home inspector have any concerns about a foundation, call in an expert for a closer look. Get our free e-book, “How to Buy a Home like a Pro” for details about home inspections and how the right contractual language protects you!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

Columbus home improvements for valueColumbus home buyers often intend to make updates to their new property to improve its functionality, aesthetics and future resale value. However, very few home improvements provide a dollar-for-dollar return when it’s time to sell!

For this reason, buyers should avoiding purchasing a home that is too small or too outdated to serve their needs. It may be feasible to remodel your way to your dream home, but this could prove more expensive than what the property will be worth in the end.

Yet there are times when home improvements are desirable or necessary. Before you begin a project, you should understand the return on investment you can expect. For example, here are comparisons by the 2020 Cost vs. Value Report, produced by Hanley Wood Media, Inc. (Complete data from the Remodeling 2020 Cost vs. Value report can be downloaded free at www.costvsvalue.com.)

Best home improvement projects for return on investment in Columbus

  1. Mid-range bathroom remodel: average job cost $20,643, average return = 81.7%, or $16,871.
  2. Minor kitchen remodel: average job cost $22,602, average return = 80.4%, or $18,169.
  3. Exterior wood deck addition: average cost $13,222, average return = 75.8% or $10,027.
  4. Vinyl window replacements: average cost $17,346, average return = 75.1% or $13,029.
  5. Roof replacement with asphalt shingles: average cost $23,999, average return = 72.9%, or $17,501.

In general, practical upgrades that improve functionality and protect your home are a better idea than following quick-changing trends. Contact us to find out what features remain timeless in the eyes of Columbus home buyers!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

Columbus Home Buyers, Think Twice About These Bidding War Strategies

December 31, 2020

Columbus home buyers who are frustrated by being out-bid may be tempted to try risky, over-the-top clauses in their purchase offers. As home buyers turn to social media for new bidding war strategies, these ideas are gaining ground around the country. These risky strategies might work, but you would literally be winning the bidding war […]

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Columbus Area Homes Selling Like Hotcakes

November 26, 2020

The volume of Columbus home sales increased 19% on a year-over-year basis, according to October statistics from Columbus REALTORS®. The Columbus area remains very popular with home buyers, even as other areas of the country see an exodus. Our resilient economy, quality of life and affordable housing remains a draw for buyers. At the same […]

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4 Decisions for First-Time Columbus Home Buyers

November 26, 2020

Buying your first Columbus home requires planning! If you are daunted by where to start, here are four basic, but important, decisions to help you begin. 1. Choose your real estate agent. We recommend an Exclusive Buyer’s Agent or Exclusive Buyer’s Broker! We make a critical difference in the home search and purchase process, potentially […]

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Columbus Home Buyers, Prepare for Cautious Lenders

November 2, 2020

For the past 3 months, mortgage interest rates have been averaging below 3% for 30-year Conventional loans. But Columbus home buyers may find that lenders are feeling less generous these days, making any advertised, ultra-low rates difficult to obtain. Even as rates have declined, lenders have been increasing their credit score requirements. The Mortgage Bankers […]

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Columbus Home Inventory Stays Low

November 2, 2020

The perfect storm for Columbus home buyers continued in September 2020, as the trifecta of low interest rates, strong home demand and low home inventory continued to drive the market. According to data from Columbus REALTORS®, the inventory of Columbus homes for sale in September was down 48.9% compared to September 2019. All in all, […]

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Columbus Home Buyers Should Consider Pet Rules in Home Search

October 13, 2020

One of the most frustrating things about renting are the restrictions against pet ownership. In the case where a pet is allowed, you might pay a larger security deposit, and perhaps a monthly surcharge on your rent. In most instances though, you’ll see rental advertisements with two clear words: “NO PETS.” Why do landlords restrict […]

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Columbus Real Estate and the Central Ohio Economy

October 5, 2020

Columbus real estate has been on a tear in 2020, with higher home prices and faster sales. But as the pandemic drags on and the economy struggles, there’s some question about how long home sales can keep the pace. The short answer: as long as home demand keeps outpacing supply, prices won’t be declining anytime […]

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Columbus Home Sales Set Record High in August

September 28, 2020

Columbus home buyers faced a blistering market during August, as low mortgage rates fanned already-hot home demand to new sales highs. According to Columbus REALTORS®, the nearly 5% gain in sales volume on a year-over-year basis set a new record for August, with approximately 3,400 residential units sold. Overall, the speed of August sales set […]

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