Cincinnati has been voted one of the best places to live in the United States, and while that may be not surprise to us lifelong residents, we want to make sure new visitors and transfers understand just how great our City is! Of course we love our sports teams, unique restaurants, and the wide array of things to do, but our personal favorite is the affordable housing market.
So, please take a quick look at all the reasons we love the Queen City and head on over to our PROPERTY SEARCH to browse our selection of homes currently on the market to purchase. You know you love Cincinnati as much as we do… is it time to set new roots in your favorite neighborhood?
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!
Everything you need to know about Walworth Junction
Site of HOMEARAMA® 2020
First LEED ND Certified Neighborhood – Greenest Neighborhood in the area!
39 Luxury, Single Family Homes
Site of HOMEARAMA® – July 2020
For the first time in, well, ever, HOMEARAMA® 2020 is coming to the City of Cincinnati. We’re especially excited with this site as it’ll be one of the most impressive and ground breaking (literally) that we’ve ever had the pleasure of being a part of. Why? Well because this happens to be an old railroad maintenance site that has been completely remediated by the developer and EPA to be the future site of 39 contiguous, luxury single family homes. It’ll be a one of a kind community in the City of Cincinnati for so many reasons…
Here’s what you need to know:
As a former railroad maintenance station, this site is rich in railroad history, formally known Pendleton Yards. Not to be confused with Pendleton outside of OTR, this yard and station saw it’s fair share of traffic and cars up to the mid 20th century. Over the summer of 2019, the developer in conjunction with EPA and Terracon, have been removing dirt to turn a former “brownfield” into a gorgeous new community!
East End Develepment LLC is comprised of two veteran developers, TJ Ackermann and Ralph Meierjohan. The two partners have developed countless communities over the years, including recent Citirama sites, Woodlawn Meadows and Springrose Meadows. Having decades of experience in development and building, they’re gaining national attention for Walworth Junction because of it’s site remediation, design and it’s location!
Located just down the street from the Precinct Restaurant on Delta, it’s ideally located on the edge of Columbia Tusculum in the East End and around the corner from Hyde Park and Mt. Lookout. All 39 homes are walkable to Eli’s BBQ, Hi Mark, Allyns and Pearls, not to mention countless other little shops and watering holes. This is the draw of Walworth Junction. And better yet, it’s a hop, skip and a jump from Downtown Cincinnati.
One of our favorite features of Walworth Junction is it’s own park. As you enter into the community, the park stretches hundreds of feet along Walworth and ends with a tunnel connecting homeowners and neighbors to Riverside Drive. Additionally, each home will have views of the River and the City of Cincinnati. It’s raised topography allows for these views from the 2nd and 3rd floors along with the rooftop decks, should owners go that route. AND…each owner will utilize the private drive, alley way for a rear entry garage, which means the front elevations and the streetscape isn’t dominated by garages on the front of homes!
With all of the homes being LEED Gold by Green Building Council, the tax rate is locked in for ALL 39 homes. This is part of the LEED ND (Neighborhood Development) certification, making Walworth Junction the first community in Cincinnati with that designation! In addition, there is an additional TIF Assessment on all of the lots for the EPA site mitigation, which is still being finalized. Details will be released in the coming months on this..
With HOMEARAMA® set for July 2020, the preferred builders have been set and homes will start coming out of the ground in Dec of 2019. Currently, the featured builders for Walworth Junction are:
Walworth Junction will be “the greenest” Homearama show ever! And did we mention, the first in Cincinnati to be LEED ND (Neighborhood Development) certified. Without getting too technical, this means ALL of the new homes will be LEED certified, there are points for the smart location and linkages being so close to the City, and due to it’s overall design. It will be the first subdivision that has mandated LEED Gold for every home…so you’re in good company as a resident of Walworth Junction.
So what are you waiting for? Now is the time to take a drive over to the community and meet with the builders so you can get your hands on one of the best lots!
Condos in Cincinnati come in all shapes and sizes. There are urban downtown units in OTR,
Kentucky offers floor plans with views of the Cincinnati skyline, and then there are incredible high-rise options in
Walnut Hills with a little bit of both! Unfortunately, these can be hard to find! Luckily for you, we have an exquisite condo that has checked multiple criteria boxes for a number of buyers. 1201 Edgecliff Place, Unit 1043 in Walnut Hills, is seconds from Eden Park and minutes to downtown.
Just why is this condo so special? It doesn’t take much selling, but here’s a few of our favorite
1. Incredible Sweeping Views of Downtown Cincinnati and the River: Although it might only be on the 4th floor, we challenge you to find a better, unobstructed view! You’ll have soaring sights from each room and the three balconies that have views of downtown, up the river and the vistas of Northern Kentucky. While you’re not enjoying the view, take a stroll over to Eden Park, Mt. Adams or a bike ride Downtown to Smale Park! The connectivity is truly unparalleled
2. Completely Remodeled: Every inch in this condo has been elegantly crafted and renovated so a buyer can move right in without a worry in the world. Each thought out detail can be appreciated within just minutes of entering the condo. We can assure you that there are few homes in Cincinnati that can rival the workmanship in Unit 1043!
3. Fully Automated, Smart Home: Let’s face it, technology makes life easy. And, in 1043, life is as easy as it gets. With a button to control the blinds and another for the lights, there’s no need to over exhaust yourself by getting up off the couch! Let your Ipad control your life…but don’t let it distract you from the blissful views and elegant environment!
4. Walkability Galore: Whether you’re a dog lover or just an avid walker/runner, Edgecliff has what you need. With sidewalks that can get you everywhere from Eden Park to Mt. Adams to Downtown, there’s more than enough miles of sidewalks to wear you out. On a rainy day, you can use one of the 3 treadmills down in the gym! Did we mention thatt he Flying Pig and other running events run right by the building?!?
5. Building Amenities that Rival the best Manhattan Condos! Few buildings can rival the condos at Edgecliff Place. Built less than 30 years ago, this fairly new building has every amenity that you can think of. With a full time concierge, gym, Max Welton entertaining house, green space, lobby and maintenance manager, you’ll have no need unfulfilled. They’ll even change your lightbulbs!!
We could keep going on and on about how great this home is, but I think it’s time you come on
through. Click here to see more details on the property and to fall in love…
Have You Ever Considered Building New in the City??
If not, NOW might be the time to look at 262 Klotter Street!
Why you might ask? Well, there are more reasons than ever to build inside the city limits with the tax abatement, reasonable costs and booming entertainment districts! These days, more and more people are wanting to live urban, but need more space and want to have input on customizing their design. Since most condo projects don’t often offer the opportunity to be a part of making it your own, a single family home on your OWN lot with your OWN outdoor space can be an excellent opportunity. Plus, with condo prices continuing to rise, you will get a better cost per square foot in a single family home & no parking or HOA fees!
So when you consider your next move, here’s a few reasons that 262 Klotter might be the PERFECT home for you:
It’s Tax Abated for 15 years – This can save you as much as $6-10,000/year
Unique Design from an experienced team that knows urban! The Titan Group is an established builder/developer in the city and strives to make the process smooth and fun!
Roof Deck and Elevator Option – Most rehab homes in the city do not allow for a rooftop private retreat!
Garage Parking – You can have your OWN garage, not just a parking space.
Located between uptown and downtown, Klotter is the perfect location to satisfy all the desires of urban living.
If you’ve been wondering why so many people are wanting a more urban lifestyle, think about choosing to live where you play. You can easily meet up with your friends and neighbors, and be just minutes away from local parks, theaters, bars, and the best restaurants in town!
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. Unless you’ve been living under a rock, of course.
But, do you really know how it works??
Here’s a little crash course on the tax abatement and why it’s been such a driving force in the Cincinnati residential real estate market…
As you may know, when you build, add-on or invest in your home, your property taxes can and, most often, WILL go up! This is obviously true in the City of Cincinnati as other municipalities, but there is a special little incentive for those looking to invest in the City (all 52 neighborhoods). The Cincinnati Community Reinvestment Area (CRA) Residential Tax Abatement, as it’s called, offers property owners the ability to minimize their tax implications. This means that any improvements will NOT significantly add to your property tax bill. You would only pay on the amount of “pre-improvement” value, up to certain levels.
Let’s give a few examples:
Example 1: You purchase a home or lot in Walnut Hills. The value of that existing property is $100,000. If you then build a $400,000 Leed Gold Certified Dwelling (we’ll get into the LEED certification below) on the property, you would only be taxed on the $100,000 for 15 Years. The remaining $400,000 would be abated for those years thus saving you around $8,000 per year!
Example 2: You own a home in Oakley assessed at around $250,000 and have decided to add on to the back of the home. The renovation will cost $150,000. That entire amount would be tax abated for 10 year. It’s only 10 years as opposed to the 15 year new construction abatement because of the regulations. This still saves you almost $3,000 a year for 10 years. That’s almost $30,000 in savings!
So, how do you do this? First off, you’ll want to call a professional (a builder or us at Build Cincinnati) that understands the tax abatement and construction process. You determine what the best plan of action is for your house or lot and then review the abatement guidelines at the link below. Once construction is complete (and have an audit from a LEED professional if you did a LEED Home), you’d need to submit your application to the City with the necessary documentation, which includes an improvement spreadsheet, Certificate of Occupancy, LEED audit and a few other miscellaneous documents.
Now, the secret sauce: LEED Certification. The City of Cincinnati is one of the BEST places to build a LEED certified home because it saves you even more money. If you look at the link above, you’ll see that this energy certification has tiered savings based on the certificate level. As you’ll see, 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 cost, but that’s specific to the home you build and how much money you can spend! Be sure to choose a builder (Shameless Plug ALERT…like Classic Living Homes, Walker Homes, Ashford Homes, Quest Homes, Legendary Homes) that’s knowledgable on the process because this will prove invaluable. Also, an excellent resource on the subject is the Green Building Consulting in OTR. They have spearheaded the LEED process for many of our client’s homes.
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!
For more information on the Tax Abatement, feel free to reach out to our Build Cincinnati team members at 513-686-7676.