“Trends and Issues”

Slide 9-1

“Trends and Issues”

CHAPTER 7

Slide 9-2

Traffic and Transportation

Access sustains property values

Air service and airport

Traffic congestion Alternate driving

routes

Slide 9-3

View Obstruction Restrict construction obstructing view of significant

ridgelines or Adversely impacting light, fresh air and breezes, or

privacy Solutions—scenic, conservation, open space,

ridgelining, and other types of easements

Slide 9-4

Mandatory Club Dues

Revenue stream supports attractive amenities

Increases cost of ownership

Barrier for prospective buyers

Photo courtesy of Larry Hansen, Realty Executives,

LaQuinta, California, [email protected]

Slide 9-5

Interest on combined mortgage debt of $1 million on primary residence and one additional residence

Home equity loan interest up to $100,000

Loss of deduction would depress property prices

Mortgage Interest Deduction

Slide 9-6

Water Usage and Riparian Rights

General principle--owner may make reasonable use of water passing through the property, but may not unreasonably detain or divert it , and must return it to the source

Standard of reasonable use varies widely

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Slide 9-7

Navigation

Private dock commands a premium

Waiting list for mooring permit?

Expect regulations on anchorage, navigation rights, no-wake zones

Slide 9-8

Find out the marina locations, harbormaster contact, procedures, waiting time, and general costs for boat moorings. Knowing about regulations and procedures for boat mooring and anchorage is an important part of helping a client or customer understand how they will be able to enjoy their property.

Ahoy There!

Slide 9-9

Anchorage Rights

May be controversial along frontages of expensive real estate

Heavy anchors can disturb marine environment

Slide 9-10

Wrap Up

• Chap 1: Obtaining the RSPS Certification

• Other Webinars• Chap 2: Building a

Resort Business• Chap 3: Recreation

Market• Chap 4: Helping

Customers Make the Right Choices

• Chap. 5: Taxes• Chap. 6: Marketing• Chap. 7: Trends and

Issues• Final exam

Documents

“Trends and Issues”