So, where do you begin when conducting a Columbus Ohio property search? Budget, budget, budget! To establish a budget, set up a meeting with a lender or mortgage broker and get pre-approved. This is a crucial first step and will give you the clearest picture of where you can afford to invest. Once this is settled, you can hone in on areas offering property in your price range.
Now that you’ve found an area that interests you and offers property in your price range, it’s time to learn as much as you can about that area. We recommend starting with the infrastructure because this is what often drives property prices. Find out what infrastructure improvements have been made in recent months and years and if the government has plans for any upgrades in the future – this is a telltale sign of an up and coming hot spot.
If you like the state of the infrastructure, take the next step in your Columbus OH property search by turning your attention to the area’s lifestyle attractions. Think about your desired demographic of renters and buyers and which amenities they would desire – restaurants, malls, community centers, family parks, beaches, etc. In general, the more the area has to offer, the easier it will be to attract people. Once you’ve scoped out the local attractions, go spend some time there. Zero in on the type of atmosphere it provides, the people who frequent it, and why it may be a good area to live or work. Want a helpful tip? Scope out the attractions during both the daytime and nighttime to get a well-rounded picture of your Columbus Ohio property search.
If you think you’ve found a great area that passes all of the aforementioned criteria, now it’s time to look into transportation. As a general rule of thumb, the more transport options available, the more potential there is for growth in the area in the future. After all, you could find the best place around, but if it’s a pain in the neck to get to, people may be hesitant to live, work, or visit there. Do your research and find out if there’s access to trains, buses, and airports, as well as major roads and freeways.
Remember to also look into quality of life issues when conducting your property search in Columbus Ohio. Hop online and check out police crime-mapping websites to get a sense of the overall safeness of the neighborhood; check out the performance of local schools; inquire about noise level checks; find out if the location is under a flight path or over a train line. These are all important issues that will surely contribute to the property’s overall quality and desirability.
In today’s world, many buyers and renters are worried about flood risk. Being in a flood-prone area can seriously affect your insurance premiums, property value, and not to mention, cause a great deal of aggravation and stress if you experience the wrath of Mother Nature. Don’t learn the hard way. Look into this vital issue before closing on your Columbus Ohio property search.
If your desired area passed our criteria with flying colors, it’s time to find the property in which you want to invest. Once you have finalized your Columbus Ohio property search with an actual property you’re interested in, here are some key areas to inspect: damp spots, mold, woodwork, roofing, ceilings, doors, windows, cupboards, electric, plumbing, and heating. This may seem like a lot, but the good news is that you can check it all out yourself and save money; a major problem will be fairly easy to spot, even to the untrained eye. Once this step is completed, pat yourself on the back—you’ve likely found a perfect property in which to invest!