on a 1-10 scale, how critical are issues of local taxes an utilities to a property purchaser?

I am studying impact/effect on the cost of water and sanitary sewer utilities, and property (and in Ohio, local net profit taxes) on location decisions. I am also looking at the same impact/effect of municipal utilities vs. investor-owned utilities on location decisions.
In Market Conditions - Asked by Charles B. - Sep 23, 2011
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Answer(s)

Jay Z.
Broker/Agent
Phoenix, AZ

Any factor (tax, utilities, zoning) that can make you wish you had never bought the property rates a 10. Higher taxes can make the difference between profit and loss. Utilities that are not responsive to your needs just make life miserable.
In the beginning of the property-search, both things you mention probably rate a 3 .

Sep 30, 2011
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Valerie R.
Owner/Investor
Kankakee, IL

You will need to look very closely at utilities if you are an investor,especially , If you are calculating a property NOI for larger Multifamily units.If an investor have to pay utilities, these expenses need to be estimated and the insert them in your calculations. It's good just to ask,who pays the utilities when looking at properties. Hope this helps.

Oct 12, 2011
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