It's no secret that COVID has drastically impacted the global economy. In some regions, countless businesses have been forced to close their doors due to the sharp decline in revenue.
Interestingly, though, the economy of Utah remains one of the strongest in the nation. This is an especially attractive attribute for those who wish to buy or sell a home.
Not quite sure how to begin? We’ve got all the info you need. Let's explore everything you should keep in mind.
Tourism
For those who are unaware, the tourism industry is one of Utah's most profitable.
The state boasts five national parks, including the renowned Zion National Park. In fact, only Alaska and California have a higher number of national parks, making it one of the most
In the wake of the COVID-19 pandemic, the government has taken a number of steps to keep the economy thriving. One of these steps has been to lower interest rates. In fact, recently, the Federal Reserve dropped their rates to the minimum possible, enabling banks to pass savings along to their customers in the form of low interest rates.
If you’ve been thinking about buying or refinancing a home, now is the time to act. Read on to discover some of the benefits you can reap from these low interest rates.
How Interest Rates Impact Your Mortgage
Before we dive into the ways that you can benefit from low interest rates, let’s talk some about the impact your interest rate has on your mortgage. Interest is the way the bank makes money on your loan –
It's no secret that the COVID-19 pandemic has reshaped countless industries. In particular, the real estate space is one of the most notable.
Interest rates are currently historically low, which has led to many people purchasing a home for the first time. But, not everyone has made up their mind yet (or knows why they should take advantage of this situation).
Not sure where to start? Don't worry, we’ve got you covered.
Let's take a look at everything you need to know about how the Utah housing market's current interest rates can benefit you.
You Can Purchase a Home You Otherwise Wouldn't Be Able to
As you may expect, one of the largest benefits of purchasing a home that has a low interest rate is being able to close a deal on a house that
When you turn on the news each day, it's hard to battle back the wave of bad news. It's unemployment this and pandemic that.
Sure, no place on earth is exempt from the perils of a worldwide pandemic, but certain corners of the country are more immune than others from a tanking economy and hopeless joblessness.
Here in the great state of Utah, we're holding our footing on low unemployment rates and high economic strength. In layman's terms, we're going to outline why Utah was just named #1 in the US economy.
Then, we're going to take a short walk through three of our favorite communities that you just might want to call home. Put on your sunscreen; we're going to show you what this wild desert oasis has to offer.
Do you ever dream about having a vacation home somewhere? You could pick up and go take an amazing vacation, savoring your time in your home away from home.
No dealing with the hassle of a hotel or trying to figure out where you’re going to stay; you have a personal spot all your own just waiting for you.
As it happens, vacation home rentals are one of the best investments you can make in your future. Read on to learn more about the benefits of having a vacation home in St. George, Utah.
Get Rental Income
One of the biggest benefits of owning a vacation home rental is that you collect on rental income. Renting is a great source of passive income since, besides some routine upkeep and maintenance, you don’t have to work for the money you
Buying a vacation home is a little different from purchasing a primary residence. There are just as many if not more things to consider besides location and space. If you don't think of everything before jumping into a 30-year commitment, it could affect your future negatively.
But where do you start? Knowing where you want to buy is the first step. And, of course, you'll need to know what you can afford.
Beyond the basics, however, are some things that you may not think of on your own. All of these factors combined should be entertained so that you can make the best choice for you and your family.
If you want to know more about how to find vacation homes for sale in St George then you've come to the right place. In this article, we're discussing
According to Wikipedia 67% of adults in the United States own their own home and if you're not one of them, here are the top 4 reasons you should:
1. Pride of ownership. "Your home is your castle!" It’s easy to tell when someone takes pride in owning their home. The continual maintenance of their home is top priority, not only for their own comfort and enjoyment but for the longevity of their investment.
2. Create memories. Your home is where memories are created and treasured, such as weddings, children, birthdays and holidays. It’s a place where the generations of families can join together. These memories are best experienced and preserved in a home of your own.
3. Creative space. You can paint an accent wall, update fixtures, cabinets,
Getting a professional inspection done when buying a home in St George, UT is just common sense. There may be a couple of items missed during the inspection that you should be aware of.
These two items are:
The age of the the hot water heater.
The age of the heat pump or air conditioning unit. A working heat pump or air conditioner is super important in the hot St George summer months. Summer is almost always the time when they’ll die.
Of course these two items will be covered by your home warranty, but if one of these systems goes out you will be annoyingly inconvenienced for a while. Plus, you will have to “arm wrestle” the home warranty company to do expensive repairs (which they hate doing).
Are you thinking about buying a second home in The Ledges of St George community to use as a vacation rental home? There are several things to consider.
The first thing you should keep in mind is that vacation rental income often only supplements the carrying cost of a property - it doesn’t always translate to a profit once other expenses are paid.
For example, if your Ledges vacation rental is rented 30% of the time (optimistic), and you are getting $250/night, your rental would be bringing in about $3,750/month. Sounds good, huh? But not so fast. Property management fees can be as high as 50% of the gross rental income for nightly rentals (i.e. the Ledges of St George). From this example, you would net $1,875 after management fees.
Entrada at Snow Canyon is a luxury home community located in Southwestern Utah. It is a development large enough so that portions of it are located in three different cities; Santa Clara, Ivins and St George.
There are several different sections of the Entrada community all of which have their own price point. A few of the communities include: Chaco Bench, Chaco West, Kachina Cliffs, Toroweap, Lava Falls, Kachina Springs and The Reserve.
The Homes
All of the homes in the various communities are built southwest style, somewhat similar to Santa Fe style homes, but more modern.
Common to most of the homes are incredible views, huge picture windows and dramatic ceilings.
