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“Trends and Issues”. CHAPTER 7. Traffic and Transportation. Access sustains property values Air service and airport Traffic congestion Alternate driving routes. View Obstruction. Restrict construction obstructing view of significant ridgelines or - PowerPoint PPT Presentation
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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
Page 128
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