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Overall, Cincinnati is a safe city for families despite its bad reputation in the media. If you do not wander off the main streets, you shall stay safe in Cincinnati. Some neighborhoods in Cincinnati have high crime rates but you are safe if you avoid these areas.
The cost of living in Cincinnati is 2% lower than Ohio average and 11% lower than the national average. According to mortgage calculator, you can live debt free in Cincinnati with a median income of $42855 if you buy a home worth $250000.
While most areas of Cincinnati are considered safe for families, there are certain neighborhoods that have become notorious because of their high crime rates. These are North and South Fairmount, East Westwood, Winton Hills, South Cumminsville, Sedamsville, Lower Price Hill, and West End.
Cincinnati is full of beautiful and diverse neighborhoods having their unique personality and lifestyle. You can choose any neighborhood according to your lifestyle and family requirements. However, you need to avoid neighborhoods having a bad reputation because of their high crime rates.
Indian Hill is considered the richest community of Cincinnati. It is a village east of Cincinnati with a median household income of $314000.
Here are 5 neighborhoods that are considered highly desirable by families and young professionals.
- Mount Adams
- Hyde Park
- Indian Hill
- West Chester
- Delhi Township
If you want to sell your house in Cincinnati, you have to be prepared to spend money on its repairs. Money is required for its cleaning, marketing, and closing. Closing costs range between 1-3% of the sale amount. Owner also has to pay the fee of his realtor which comes to around 5% of the total amount of sale.
It is very difficult to sell a house in Cincinnati in as is condition. Seller needs to carry out repairs to make his property attractive and desirable in the eyes of potential buyers. Only cash house buyers buy the house in as is condition, but they pay much less than the fair market value of the house.
Inspection is an integral part of the sale process. Inspection is usually carried out by a neutral, third party to assess the condition of the structure and features of the house. If this report reveals certain flaws in the condition of the house, buyer can demand their repair and even negotiate for lowering of the asking price. Inspection is one contingency that an owner cannot simply wish away.
Some closing costs are borne by the buyer while the rest are paid by the owner. Various kinds of fees related to transfer or ownership are usually paid by the seller. Closing costs are generally negotiable and both parties can decide who pays what.
If you have a small budget for repairs and need to sell a house that requires repairs, it is important that you clean it properly and undertake cosmetic improvements that give it an attractive look.
Some home improvements adding most value to a house are
- Paint exercise
- Bathroom and kitchen upgrade
- Adding storage space
- Improving energy efficiency