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“Trends and Issues”

“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

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“Trends and Issues”

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  1. “Trends and Issues” CHAPTER 7

  2. Traffic and Transportation • Access sustains property values • Air service and airport • Traffic congestion • Alternate driving routes

  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

  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, Larry@HansenDesertRealty.com

  5. Mortgage Interest Deduction • 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

  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

  7. Navigation • Private dock commands a premium • Waiting list for mooring permit? • Expect regulations on anchorage, navigation rights, no-wake zones

  8. Ahoy There! 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.

  9. Anchorage Rights • May be controversial along frontages of expensive real estate • Heavy anchors can disturb marine environment

  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

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