Tips on buying a new home in Columbus, OH
Columbus, OH - New Home Market Profile
As Ohio's state capitol, Columbus is not only the largest city in the state, but also its fastest growing with strong influx of new residents and business development in technology, banking, insurance, and fashion, and food. Columbus even boasts a superior high infrastructure, allowing fluid access to destinations in the city and across the metropolitan area.
The Columbus and Franklin County Metropolitan Park District offers a variety of outdoor parks and gardens including the Inniswood Metro Gardens and Big Darby Creek which is significant for its natural beauty and ecological diversity. The city also hosts one of the biggest state fairs in the nation, the Ohio State Fair, and ComFest, which is a huge three-day community event with art sales, live music, social organizations, and beer. While Columbus? list of public attractions continues to grow, the city permeates of "Buckeye Fever," centering its attention on Ohio State University's college football team.
Population (year 2000): 711,470
Estimated median household income in 2005: $40,405 (it was $37,897 in 2000)
Climate: The region is dominated by a humid continental climate, characterized by hot, muggy summers and cold, dry winters.
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Columbus Real Estate Zindex (Provided By Zillow.com):
- Columbus: $110,673
- Ohio: $129,560
- United States: $254,569
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Most common industries for males:
- Construction (8%)
- Finance and insurance (8%)
- Accommodation and food services (7%)
- Professional, scientific, and technical services (7%)
- Educational services (7%)
- Administrative and support and waste management services (5%)
- Public administration (5%)
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Most common industries for females:
- Health care (15%)
- Educational services (10%)
- Finance and insurance (10%)
- Accommodation and food services (8%)
- Public administration (7%)
- Professional, scientific, and technical services (6%)
- Social assistance (5%)
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Buying New Makes Sense
One quick glance at today's headlines, and it's no wonder that, as concerned consumers, we're pinching pennies more than ever. In a recent survey conducted by HSBC Bank USA, 64 percent of us plan to cut unnecessary spending this year. And, in a similar survey by Discover Financial Services, about half of consumers plan to cut down on such non-essential spending as dinners out and movies - even remodeling.
Still, when it comes to buying a house - something that many consumers are doing because of the many good deals to be had in a slow market - most of us prefer new. Even better, buying a new home also makes good financial sense. New homes offer countless advantages for consumers when it comes to saving money. Perhaps the biggest plus is that, since they're brand-new, the maintenance headaches that often accompany maintenance - as with older homes - simply don?t exist, and won't for a while.
New homes also use the latest in whole-house systems, like heating and air conditioning, so they're not likely to break down, saving consumers money. They're also more energy-efficient, which is also good for saving lots of green. Speaking of green, with interest rates that aren?t too far away from historic lows (just over 6 percent for a 30-year fixed mortgage as of March 11), consumers can also save money on new home mortgages. And, since mortgage interest and real estate taxes are deductible, it's another way to save money by buying a new home, especially when it comes to tax time.
Click here to read more about "Why You Should Buy New".