If you’ve been living in the City of Cincinnati, chances are you’ve heard about the tax abatement for new construction and remodeled homes. But, do you really know how it works??
Paul Yankie, President & CEO of Green Building Consulting sat down with us to give us a little crash course on the tax abatement & LEED Construction and why it’s been such a driving force in the Cincinnati residential real estate market.
Paul explains it best in our chat with him, but here are the main takeaways:
The Cincinnati Community Reinvestment Area (CRA) Residential Tax Abatement, as it’s called, offers property owners the ability to minimize tax implications when you build, add-on or invest in your home. This means that any improvements will NOT significantly add to the property tax bill. You would only pay on the amount of “pre-improvement” value, up to $275,000.
LEED Certification: This is the secret topping to the tax abatement. Basically, LEED Building = Green Building = Energy Efficiency.The City of Cincinnati is one of the BEST places to build a LEED certified home because it saves you even more money. The higher the rating, the more money you save. LEED Silver allows for up to $400,000 abated, LEED Gold is up to $562,000 and LEED Platinum is UNLIMITED. Of course, LEED comes with it’s extra building costs, but that’s specific to the home you build and how much money you can spend!
Find a professional (a builder or Build Collective or Green Building Consulting) that understands the tax abatement and construction process. They can help you determine what the best plan of action is for you.
Now that you’re armed with this information, doesn’t building and remodeling in the City sound that much better? Not only can you design a home specifically for you and your family, but you can save money in the process!
See How Much Money You Can Save on A New Home with Our Tax Abatement Calculator!
Tune in to see how we’re working with our buyers and sellers during COVID-19. Mike Hines (Build Collective) joins Tim O’Brien (Zipfel Capital) and Dan Orner (First Title) on the latest procedures when it comes to home buying and selling to keep you safe and informed.
As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.
Call Us With Questions
Have more questions? Need to sell or buy a home soon but don’t know where to start during these ever changing times? Please reach out to us! Mike Hines is available to chat or email at anytime…. 513.260.0424 or [email protected]
Hot off the press! Mike and Brandi give an update on selling and buying real estate during COVID-19 in Cincinnati. Join us for tips on how to stay safe, but keep your business and clients moving forward. We’ll also go over featured listings, average sales price and days on market in Montgomery.
As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.
Call Us With Questions
Have more questions? Need to sell or buy a home soon but don’t know where to start during these ever changing times? Please reach out to us! Mike Hines is available to chat or email at anytime…. 513.260.0424 or [email protected]
During these tough times, we wanted to share this information from the Montgomery Chamber of Commerce to show our support to our business neighbors and friends. We love being a part of this community where everyone is looking out for each other. Hang in there everyone and stay safe! And let us know if we can help in any way!
It’s hard not to love Montgomery! We loved it so much we moved our offices here in the beginning of 2019 and hope to call Montgomery home for many more years.
But what makes Montgomery so great? As real estate agents, it’s an easy community to sell once you’re here. However, if you haven’t had the opportunity to experience all that it has to offer, here’s our 10 favorite things about Montgomery…
1. The Location
Situated conveniently between I-71 and I-271, Montgomery is nestled in between great communities like Indian Hill and Blue Ash with connectivity to pretty much anywhere you would want to go. It’s a little slice of heaven that’s only 15 minutes from Downtown and a straight shot down I-71 at that if you need your urban fix!
2. The Schools – Sycamore School District
Of course, real estate agents can’t speak to how great a school district is other than sharing the ratings. So, we’ll just say that it’s rated #22 in Ohio and #535 in the Nation by US News. With those ratings, it’s not surprising that the schools are a big draw to new residents.
3. Downtown Montgomery
Ask anyone and they’ll agree that the Heart and Soul of Montgomery, besides the people, is it’s Downtown. As I write this, I sit in the center of it all and often capitalize on what it has to offer by walking to lunch with our team. On any given week or weekend day, you’ll see a bustling downtown full of friends, neighbors and visitors
4. Local Shopping & Eating
Where do we start here? Too many places to mention, but we’re suckers for Z Wine Place, Toast & Berry, & Napa Kitchen and BTW, have you checked out the CBD Store?
>
5. Parks
We are lucky to have 6 parks within Montgomery, consisting of 96+ acres. Each park offers it own unique feel and amenities, but what makes these parks even better is that they are connected by over 10 miles of sidewalks, allowing easy access for all residents. Many parks have picnic shelters which can be reserved by Montgomery residents for their own personal use. Pretty Awesome!!
6. Walkability
How do you get to those lovely parks? Well you don’t have to use the car if you don’t want to! With miles upon miles of sidewalks and walking trails, you can get pretty much anywhere. And with the bricked streets of Downtown, its the perfect set up for strolling after a meal or shopping!
7. Montgomery Quarter
Starting in 2020, the entry way to Montgomery is going to change dramatically! We will have a new roundabout to improve traffic patterns at Montgomery RoadRonald Reagan Cross County Highway.
The City of Montgomery is also redeveloping the currently vacant area with office, retail, hotel, and residential. We can’t wait to watch it all take shape!
8. Large Pretty Lots
As home geeks, it wouldn’t be right if we didn’t talk about the neighborhood and its homes. With gorgeous settings, large established trees, and of course, charming homes, Montgomery is an easy place to drive around and admire. The terrain and character is one of the main draws that sucks people in!
9. Mixture of Homes & Price Points
Montgomery is the last place you could call Cookie Cutter! With homes dating back to the 1800s and others built in 2020, you can appreciate architecture of all kinds. We absolutely love the variation in price points and style type.
10. And Last, But Not Least… The Camaraderie!
If you live in Montgomery, it’s hard not to run into someone you know. That person might be Father Mike that runs along Montgomery Road everyday or our office dog, Pepper! Best of all, we look out for each other, enjoying hanging out together, and supporting each other.
Ready to Move to Montgomery?
The team at Build Collective, Coldwell Banker West Shell can help you buy or sell a home in Montgomery! We grew up here, we work here, and we are the top real estate team in Montgomery. Contact us at 513.686.7676 to get your new home journey started or click below to see the current homes available in the area!
