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"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp
What’s an Extra $20,000 get you in Columbus?
May 24th, 2008 categories: Real Estate News
That’s a good question and it’s a question that many of my buyer clients consistently wonder. What will an extra 10,20 or 30 thousand get you in a house? The grass is always greener . . . .
First and foremost, know that it’ll cost you about $60/month for every ten thousand dollars you go up. In South Clintonville you may notice these difference in 10Ks whereas in South Bexley, it may be 20Ks.
More often than not, it won’t get much more house, maybe a few square feet here and there. Usually, it’ll get you a few more updates in the kitchen or a slightly better floor plan. More often than not, in the community you’re interested in, that $20,000 will get a better location, especially if your lower numbers are around the fringes of the area you really want.
You might find a half bath where there wasn’t one before in places like Grandview or Clintonville. You might find a bigger or more usable back yard and you might move from a busier street to a quieter one. If you think the extra $60 is worth that important upgrade every month, then think about it. If not, be happy spending less on your monthly mortgage. Always be happy spending less, the next house might have that amenity that escapes you now and that’s OK.
Of course, if you’re pre-qualified and ready to go for a loan of $280,000 max, your lender isn’t likely to approve more than that. In that case, consider the differences between $260 and $280,000. Remember, just because you’re approved for $280K, doesn’t mean you have to buy a home in the high $270s. Do seriously consider alternate communities too. Can’t find what you want in Clintonville? Try Eastmoor or Berwick.