Columbus home value tipsColumbus real estate isn’t the only thing that’s hot this summer! Temperatures were broiling in the beginning of July, and we saw record warmth during the month of May. With the hottest weeks of the season still ahead, central air conditioning is a selling point with Columbus home buyers.

The Columbus Dispatch reports that homes with central air sold for higher prices than those without, for an average difference of $5,447. Looking at the math another way, central air conditioning adds 3% to your Columbus home value. Go further south, and the value of central air increases; Cincinnati homes with central air sell for 5.7% more than homes without it.

This doesn’t mean you shouldn’t buy a home without central air. Still, it’s wise to ask an HVAC technician about the prospects of installing it. There are also air conditioning technologies that do not require ductwork. You can explore these options with online research, and by consulting with HVAC professionals. We’ll be happy to refer you to reputable companies!

Portable window air conditioning units are a popular alternative to central air. But such units tend to be inefficient and expensive to run, driving up your energy costs. They also make it easier for thieves to break into your home. You can mitigate the risk of break-ins with window frame locks.

If you have a home with central air conditioning, keeping the system well-maintained is crucial to proper operation and energy efficiency. Air conditioning can account for 70% of your electric bill during the summer months! Keep your home cool (and your wallet happy) with these air conditioning tips were shared in a prior blog post!

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
Broker, CEBA-M, CNE, 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

Whether you rent or buy a Metro Columbus home, the cost of housing is going up. According to Zumper.com, the median rent for a 1-bedroom Columbus apartment increased by 2.8% on a year-over-year basis, reaching $730 as of June 2018. During the same period, the cost of a 2-bedroom Columbus apartment increased 7.1%, reaching $1,050.

Metro Columbus home sale prices are climbing as well. As of May 2018, the average sales price of a Central Ohio home reached $235,133, marking a 3.8% rise from May 2017. Homes spent an average of 27 days on market before going under contract.

Columbus remains one of the hottest markets in the country. Realtor.com placed Columbus at #4 in market activity during April and May. We are on track to place in the top 5 for June. You can read the details in our prior blog post, which includes our view from the trenches.

Despite the increases, Central Ohio is still among the better housing values! There are vast home price differences among Columbus neighborhoods and school districts. Certain price points are seeing a softer market, such as homes priced at $450,000 and above. Luxury condominiums are also moving slower.

Those who are looking for bargains at the lower end of the market can still find them, too – it’s all in knowing where to look! Buyers who work with an Exclusive Buyer Agent have an advantage, because we can show you any home on the market, including for-sale-by-owner and for sale buy home builder, as well as the Columbus Regional Multiple Listing Service!

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
Broker, CEBA-M, CNE, 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

Top 10 Columbus Suburbs for 2018

June 13, 2018

Niche.com has updated its “Best Suburbs to Live in” list for 2018, and the top 10 suburbs for Metro Columbus includes some repeat winners. Several of the top suburbs in Niche’s list were named among the “Best Small Cities in Central Ohio” by WalletHub during 2017! The criteria for Niche’s ranking includes over a dozen […]

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8 Metro Columbus High Schools Make Ohio Top 20

May 31, 2018

Each year, U.S. News & World Report conducts a study of public high schools around the country. The analysis compares student academic performance, as well as graduation rates and college readiness. Out of the 1,245 public high schools in Ohio, 8 of Ohio’s top 20 high schools are located the Metro Columbus area! Here they […]

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Is the Columbus Real Estate Market Too Hot to Handle?

May 16, 2018

How hot is the Columbus real estate market? According to an industry association’s April study, Columbus is the 4th hottest real estate market in the country. The analytics were based on online home search activity by area, as well as the speed of home sales. This places Columbus right behind red-hot markets like San Francisco […]

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“Quarterly Market Statistics – 1st Quarter – 2018

May 15, 2018

Untitled Document   Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs. Bexley Pickerington (Corp.) Columbus CSD Reynoldsburg CSD Dublin CSD South-Western CSD (Grove City) Gahanna Jefferson CSD Sunbury (Corp.) Grandview Heights (Corp.) Upper Arlington CSD Hilliard CSD Westerville CSD New Albany Plain […]

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May Events to Enjoy in Central Ohio!

May 11, 2018

Living in Central Ohio gives you abundant choices for recreation and entertainment! The month of May is filled with special events for the whole family. We’ve put together a list of recommendations for you! Blooms & Butterflies – Butterfly Release for Moms, Franklin Park Conservatory. May 12. At 10 a.m., there will be a special […]

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Metro Columbus Home Prices Show Wide Variety

April 30, 2018

Much has been said about rising home prices in Metro Columbus, but the pace of the market can be very different from one locality to another! Every home is unique, all real estate is highly local, and the market changes daily. Here’s an example of the variety of market conditions in Metro Columbus, with information […]

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Consider Resale Value when Choosing Your Columbus Home

April 19, 2018

When the Columbus real estate market is “hot”, you might assume home values have nowhere to go but up! But market conditions change, and future home buyers may not be willing to take on certain property flaws. You should always consider future resale value when buying a Columbus home! Here are points to keep in […]

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Home Buyers Carrying Heavier Debt Loads

April 15, 2018

How much debt would you be willing to carry to achieve home ownership? For an increasing number of home buyers, the answer is nearly half of their monthly income. According to a recent report by CoreLogic, as published in the Wall Street Journal, 1 in 5 home buyers have debt-to-income ratios of 45% or more. […]

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