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.
Earning a home is a life goal for many people. Home ownership affords you privacy, gives you equity and there are even tax advantages.
Even for people who already own a home, the essential dream doesn't go away. It just alters focus slightly. You start considering questions about whether a better home is practical.
There is one question that confronts everyone during their quests for home ownership. Should I buy an existing house or look into new construction homes?
Both options provide advantages, but they also include disadvantages. It's important to have a handle on these issues before you make a final decision.
With that in mind, let's dig into the pros and cons of...
According to a new report from NIA Excel, a commercial real estate firm operating in much of the western United States, 2017 was a notable year for construction in Southern Utah. Records were made in both money spend and square footage created.
This won’t come as a surprise to locals who have been seeing new retail shops and housing developments popping up the last several years, but in 2017 there was a notable increase.
Additionally, vacancy rates are low across Southern Utah. Vacancies in multi-family units are below one percent, and single family homes booming. In July, The Spectrum reported, that halfway through the year asking prices had never been higher and homes were selling fast. In 2018, two large apartment complexes are expected to be
House Republican leaders proposed a tax bill Thursday that would reduce the popular mortgage interest deduction by 50%, for some households. Currently, homeowners can deduct interest payments for mortgage loans up to $1 million. With the newly proposed bill this deduction would be preserved for existing mortgages, but would limit new purchase loans up to $500,000. In addition, the rule allowing homeowners to deduct property taxes from their taxable income would be capped at $10,000. If passed, the bill will most assuredly have a negative impact on housing and real estate nationwide. In a statement, National Association of Realtors President William Brown said, "Eliminating or nullifying the tax incentives for homeownership puts home values and
Whether you're buying, selling, or a first-time home buyer, you need to know the pulse of the St. George Real Estate Market. Here are 5 big trends to watch!
Are you looking to buy or sell a home in the St. George, Utah area? If so, you're in luck! The real estate market is booming in this scenic southwestern city and for good reason. Sometimes referred to as "Utah's Florida," St George offers great weather including over 300 days of sunshine per year, world-class golf, and close proximity to Zion National Park and many other state and national parks and monuments.
Today, we're breaking down St George real estate trends to watch, so you'll know what to look for when making your next move.
When we moved from the Salt Lake area to St. George, Utah this past spring we knew we wanted to have a swimming pool in our backyard. After 3 crazy months we just had our first pool party in our new, beautiful swimming pool. I am definitely not an expert on pools, but I will share with you my experience, as a first time swimming pool owner, who was involved in the entire process of building a pool.
First of all when we decided to build a pool we checked around and talked to everyone we could about what kind of pool we wanted and who should build it for us. We were very impressed with several companies. We had four different companies come out and give us bids in our backyard. We decided we wanted a gunite pool after talking to our fabulous
St. George is among the fastest growing cities in the United States. People relocate to Southern Utah for various reasons. According to the St. George Chamber of Commerce, “the excellent quality of life, the many breathtaking scenic areas, the temperate climate, the healthy lifestyles, the variety of beautiful gold courses, our outstanding school system, the Dixie State College education opportunities for all ages, and the growing business opportunities” are just a few of the reasons.
St. George is a great area to live, play and work. St. George is located within the Mojave Desert. The desert climate contributes to generally clear skies, relatively mild winters and hot summers. Residents and visitors to St. George enjoy over 300 days of
Reports from the first quarter of 2017 show now is the best time to sell a home in 10 years. Housing markets have recovered from the recession, home prices are up, and home builders are having a hard time keeping up with demand. If you've ever considered selling, now is the perfect time to place your home on the market.
By the Numbers
Nationally, sellers are seeing an average of $44,000 in gains right now and home prices are up 13%. In Utah, median sale prices also reached an all time high of $295,000. Homes are on the market for shorter amounts of time, in some of the fastest-selling areas around the country they're only on the market for about 3 weeks. While these are statistics and not guarantees, they show much growing home values are
Check out our new listing in St James Lane-Gorgeous home with an open floor plan
The open floor plan provides a resort-style yard with great outdoor living space- in ground pool, stone waterfall, and a lush green backyard with a large covered patio with an exterior fireplace. Recently updated with beautiful high-end finishes-gourmet kitchen, professional appliances, gorgeous granite and tile floors, and whole house audio. It is located in a quiet Cul-de-Sac in popular St James.
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