As a Realtor in Northern Ohio cities and their regulations can affect how you live or create income in a property. For some reason each city seems to have their own set of rules that can really affect the bottom line on a property. It is very important that buyers know what those codes are and how it may affect their purchase.
I am assisting a client in finding a new tenant for their property and
met the contractor at the site to get pictures. During that time a city
inspector came in and inspected the home. He decided that there was some
extra work that needed done outside. Knowing that city I would have
explained the city codes and inspections to that buyer before they
purchased there. They were a bit shocked at the codes, but we are
getting the home leased for them after they get their repairs done.
Some cities are great to work in and have reasonable codes that people
can budget for and know the approximate cost. These are the cities that
see a lot of equity growth and get better rents and equity growth. These cities also
attract a lot more businesses and amenities for the area.
I was golfing with a friend who purchased a nice home in a Point of Sale
city. He asked if the city could make him paint the outside of his home? I
ask why would you ask that? He showed me a letter from the city with
the demand that he paint the outside of his home. I then informed him
that they could do that and if he did not paint the home he would be in
housing court and get fines. He said I wished I would have known that
before I purchased the home.
The key is knowing the areas, rents, worth, rehab and how to manage
them. We do all those issues for our clients. This is so important when
you're purchasing in Cleveland Metro, it can make or break your portfolio. Each City has different Codes for housing.
When we sell homes our clients know what the city codes are and what
they can expect. There are a lot of great cities to purchase real estate
in in Northern Ohio! You need an agent that knows and understands them.
Don't be uninformed when buying a home. I have Purchased 100's and 100's of homes and counting.
Need a home? Need an Income property? Need all the services that go along with buying a home?
Call Bre
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Thank you