When there is Ohio land for sale – whether it is raw acreage, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a buyer, owner, or seller, understanding the true value of the real estate in question is important. This will help you make the most of your real estate decision. But first, it’s important that you understand the process of a land appraisal and know what to expect.
The importance of a fully modern open space preservation vehicle, the conservation easement, cannot be better summarized than by than our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power – and beauty – of a conservation easement in the following quote:
“Here is your country. Cherish these natural wonders, cherish the natural resources, cherish the history and romance as a sacred heritage, for your children and your children’s children. Do not let selfish men or greedy interests skin your country of its beauty, its riches or its romance.”
Summer in the Buckeye State can be a sultry affair. And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. From a climate perspective, a green oasis can help cities lessen their urban heat island effect.
With the warmth of the summer season on everybody’s mind, it’s natural for investors, especially those in commercial real estate, to divert their attention to new opportunities. Spring brings tax season, a time when investors assess their current holdings and plan for the future. Now, with the tax season behind us, investors are in the driver’s seat and ready to diversify their portfolio. This realization is as true for commercial real estate investors as it is for residential property holders.
It’s easy to be mixed-up about mixed-use property for sale! The sector offers a head-spinning amalgam of residential, commercial, hotel, and retail space; however, each piece harmonizes to form an immediate community. Not to mention that mixed-use properties are especially popular in our hometown of Columbus, Ohio, spread across the urban and suburban landscape.
Are you ready to mess around with mixed-use property for sale? First, as a prospective investor interested in the mixed-use real estate development concept, you must understand the requirements of these unique community environments and the people inhabiting these structures. That’s why our in-depth review of mixed-use space will provide the insight to make a wise investment decision. Join us as we explore the benefits of investing in mixed-use properties, survey a cross-section of the different types of properties, scrutinize current trends in the market, and discover why mixed-use property for sale is such a good investment.
The future of brick-and-mortar retail may not be in dire straits as many analysts have predicted over the last few years. Even with skyrocketing online sales (a 16% increase in 2017 alone), shoppers still enjoy personal relationships, experiences, and the comfort of physical store settings. Moreover, the cause of business bankruptcy may not be due to competition, but the result of poor management, increased debt, or general market conditions.
As the e-commerce market continues to thrive across the country, the demand for warehouse rental space in Columbus, Ohio has nearly outweighed the available supply. Retail behemoths like Amazon and Walmart are driving online sales in several areas. Electronics, personal care, apparel, housewares, and even fresh food arrive at to your doorstep within days. So, it is not surprising that warehouse space is being purchased or leased for distribution centers as soon as this type of industrial space becomes available.
In early 2018, real estate investment firm LaSalle Investment Management forecasted a favorable climate for commercial real estate sales in North America. And, they have since found that fundamentals in the real estate market remain strong, particularly in the industrial property sector.
Here in Ohio, the number of property management professionals is increasing – and with good reason. The median annual salary for a Columbus property manager, for instance, is $93,577, according to Salary.com as of September 1, 2018. And that amount is not even including bonus, commission, and benefits, as well as other factors that impact base pay. Now, also factor in great market access, the standard of living, and valuable tax climate; you can easily see why individuals seek out Columbus, Ohio as a place to start their property management career. Below is an overview of licensing and certification options that may help you decide the path you want to take today.
Selling Commercial Real Estate? 24 Practical Techniques to BOOST YOUR ROI on 5 Different Property Types
When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. Before listing and showing your property, there is a wide range of tasks that can, and should, be undertaken to increase the chances of a sale and boost the potential ROI.
A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent. And, even more surprisingly, landscaping can also increase the time it takes to sell commercial property by as much as six weeks.
With some as straightforward as cleaning up, and others requiring an investment of a few thousand dollars, each recommendation is aimed to increase the profit on your commercial property. Below are 24 practical tips you can use to improve any of the five major types of commercial real estate.
Commercial real estate investing is a big decision. No one ever said it was for the risk-adverse; that’s for sure! Fortunately, commercial rental properties for sale typically offer a great return on investment over the long haul. You just need to know where to begin! Below we’ve outlined the four effective steps to uncover a profitable rental property available on the market.
The economy has set the stage for surging demand within commercial real estate, particularly for industrial space for lease. CRE industry experts are now asking: can we keep up?
Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio.
Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment. Regardless of whether this is your first purchase or tenth, investing in commercial properties for sale comes with a unique set of challenges. So, with that thought in mind, we’ve created a comprehensive guide listing the top 5 tips for beginners, as well as a due diligence checklist, along with a list of pitfalls to avoid during the process. Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought!
Are you looking to buy land in Ohio? Your first priority is to get organized! When buying land in Ohio for commercial use, especially vacant lots and raw land for sale, it may seem as though there would be less to worry about since you do not need to concern yourself with things such as structures and tenants. However, buying land is a very complex decision, which requires a great deal of thought.
First things first… Determine your basic objectives:
It’s a great time to become a Columbus, Ohio REALTOR! Did you know that a real estate agent is ranked in the top 20 list for best business jobs and top 100 list for best jobs, in general?
Below you’ll find out the “4-1-1” on joining the Columbus, Ohio real estate industry. Learn the difference between a REALTOR and real estate agent, and how to become a licensed real estate agent. Then decide which path you want to take as a professional!
Are you looking at the various commercial properties available right here in Central Ohio? Consider these 6 reasons why Central Ohio is the prime area for an investment:
- Columbus now has the second-largest economy in Ohio; the Columbus region holds financial and business services that account for nearly $130.8 billion in economic output, annually.
- 35% of the population in the Columbus region, aged 25 or older, holds a bachelor’s degree or higher – making them a highly employable job force.
- Ohio is ranked as one of the top three most business-friendly tax climates in the United States by both KPMG and Ernst & Young.
- There is no corporate income tax, and inventory tax, and personal property tax in Ohio.
- Ohio commercial property tax ranks 11th lowest in the United States.
- The annual cost of living in Ohio is 10% less than the national average.
Doesn’t it feel as if you only just moved into your current office; and already, here you are searching for the next perfect office space for rent in Columbus, Ohio for your expanding team?
Acquiring office space for rent in Columbus, Ohio has never been a smarter decision than now. In fact, Columbus is ranked as the #1 metro area in the United States for Global 500 headquarters! With all that you have on your plate, searching the office space Columbus, Ohio has to offer can feel overwhelming. But it doesn’t have to be. So, how can you get started on your quest today? And what should you take into consideration? Find the answers to these questions and more, below.
So, you’re here because you want to know the definition of commercial realty. Unofficially, there are two different meanings of this phrase. Here, we’ve outlined each meaning, and also packed in some tips on buying commercial real estate!
If you are one of the many property management companies in Columbus, Ohio, then you should be well aware of National Association of Residential Property Managers (NARPM®). If you’re not involved or familiar with the association, here’s a brief description: NARPM consists of real estate industry insiders with ample knowledge of the problems and challenges that the property management industry faces – specifically concerning single-family homes and small residences. The assocation is based on providing education, resources, and tools for professional residential property managers, as well as owners and employees of property management companies in Columbus, Ohio and throughout the U.S. who strive to learn, succeed, and build lasting relationships.
What kind of commercial real estate agent are you? Or what type of CRE agent are you looking to hire? The commercial real estate agents Columbus, Ohio trust have their own unique style of connecting with clients. Perhaps you are – or are seeking – a calm and collected agent who focuses on the details and numbers – a straight-shooter. Or maybe you like to have a bit of fun and display some humor with your clients or agent – within reason, of course. Aside from demeanor, there are 5 common behaviors and credentials that stand out in all successful commercial real estate agents, as outlined below.
Some people see the springtime as the perfect time of the year to clean out their attic. However, springtime is also prime time for finding amazing deals on commercial real estate in Central Ohio!
For a real estate investor, it may seem like a no-brainer. Tax season ended not too long ago; you closed out another year of investments and finances, and it is time to start fresh. Why not start by discovering the best commercial real estate Central Ohio has to offer, and adding to your pool of investments?