Renter to Homeowner - Outdoor Yard Tasks

You've decided to stop renting that great rental from RL Partners, now what?  There are a number of costs to consider in addition to your mortgage, utility and house maintenance costs when deciding to buy a home.  In addition to the costs you will incur indoors (which we will cover in a future post) many fail to consider the time and money required to keep up the outside of your house.  Here are all of the outdoor items to consider and the relative cost for each.

  • Trimming Trees and Bushes - Your property may have bushes and trees.  The tasks required may be as simple as spending a day trimming the bushes with $30 hand clippers once a year. At the worst, you could spend $500 to $1,000 a year in tree trimming and pruning services. Having an average sized tree professionally removed can cost $750 to $1,250.  Disposing of bush and tree trimmings is also a consideration.
  • Mowing Grass - May need completed up to one time a week during the warm season. A lawn mower ($200 to $1,000) will be needed as well as gas to operate the mower ($75/year).  A typical quarter to half acre lot will take 1 to 3 hours to mow.
  • Trimming Grass and Edging - Typically this is done after each mow.  A gas or electric weedwacker and edger will make this task quick and simple.  Expect to pay $100 to $150 for each of these tools.
  • Weeding and Mulching Flower Beds - Keeping a proper 3 to 4 inch layer of mulch on top of weedblocker fabric will keep most weeds from growing in your flower beds.  Expect to spend $1 to $2 per square bed foot a year on these materials.
  • Picking up Sticks, Leaves, Walnuts, Acorns -  Self explanatory but this task can take 1 to 2 hours a week during certain parts of the year.  Not completing this task can kill the grass you'll spend a lot of money on in the next item.
  • Fertilizing, Aerating and Seeding Lawn - The chemicals and tools required to complete this task throughout the year will cost between $200 and $400 for a typical lawn.  Each of these items plays a vital role in keeping your grass green and healthy.
  • Cleaning Out Gutters - This will have to be done twice a year.  Expect to pay a professional between $150 and $350 to clean all your gutters.  If you do it yourself you will need a ladder, gloves and about 3 - 4 hours.
  • Painting Fences, Exterior Trim, Decks, Mailboxes - The frequency that each of these items will need painted depends on a lot of things but expect to spend $300 to $400 a year on average to keep these items nicely painted.
  • Washing Siding and Shingles - Moss and other dirt will build up on these surfaces over time.  Expect to use a pressure sprayer of good old elbow grease for a day each year to complete this task.  A pressure sprayer can be rented for about $75 a day.
  • Concrete and Asphalt Sealing - Spending $200 to $300 a year to seal your driveway and walk surfaces will ensure you get the maximum life out of these items.

We hope this list helps you get an understanding of what may be required on the outside of your house.  Let us know if you have any questions about these items.

Ohio State Sophomores in Dorms - Numbers and Analysis

The president of The Ohio State University Gorden Gee wants OSU sophomores to live in university-owned and managed dormitories by fall 2016. Gee says: “It’s about providing the best quality education to students by taking a bold step that no one else is making.” Some critics say Ohio State is trying to capture more of the student residential housing market. I will point out that OSU just sold the management of its parking facilities. As Gee has said, he wants to be in the business of education -- not parking, and likely not dormitories. This post will not try to speculate, but instead look at the facts surrounding this decision and try to conclude what impact this will have on private off-campus housing. As I read recently "If we have data, let’s look at data. If all we have are opinions, let’s go with mine."

 The facts:
  • Number of Dormitories: 31 (South, North and West)
  • Current OSU undergraduate housing beds (Not including the current south campus expansion or planned north campus expansion): 9,936
  • Demolished beds: 675
  • Beds being added: 3,200 (North Campus) 3,000 (South Campus)
  • Beds after all construction: 6,359 (North Campus) 9,102 (South and West Campus) = 15,461 Total
  • Enrollment (Fall 2011) Columbus Campus: 56,867 (6904 Freshman + 9700 Sophomores = 16,604)
  • Enrollment (Fall 2001) Columbus Campus: 48,477
  • Annual Growth Rate of Columbus Campus Enrollment Past 10 Years: Approx 1.8%
  • Anticipated Columbus Campus Enrollment by 2016: 17,517 (Freshman and Sophomores) 59,993 (Total)

Conclusions:

By 2016, there will be 17,517 freshman and sophomores at OSU. With only 15,461 beds available by this time (Assuming the almost 400 million dollar north campus expansion can be completed by then, which is unlikely based on our construction experience) then 2,056 freshman and sophomore students will not have a bed available on campus. This may actually be by design as I am sure OSU expects some students to simply not be able to comply with the new rule. Also by this time, there will be an additional 2,213 students at the Columbus campus. All this does not take into account the more-than-normal increase in enrollment OSU could accommodate with the potential unused housing stock off campus. The maximum number of un-rented beds off campus in 2016 is then as follows:

3,200 + 3,000 - 2,056 - 2,213 - 675 = 1,256 beds.

Gee - "There are some places that I would not allow people to live if I were absolutely in charge. The good landlords are going to thrive. Those who should be squeezed out should be squeezed out, and they will be," he said. "And we have a lot of quality landlords that do a wonderful job and we need to support them and we will."

Final thoughts: 1,256 beds is not that significant when you look at the total number of "beds" available in the "off-campus housing". As Gee alluded to, a majority, if not all of the landlords who provide quality housing will have no problem filling their rentals.  Some landlords on campus having been crying wolf -- especially those who own multi-million dollar Florida beach houses paid for by deferred maintenance and price gouging.

As a graduate of Ohio State, I will say that I wish I had lived in the dorms my sophomore year rather than living off campus. On the flip side of this regret, living off campus allowed me (probably like many other students) to have a conveniently parked car with which I made a fair bit of money at a part time job.

Worst case, the nicely located off-campus houses will be filled by non-OSU students looking for the campus experience previously unavailable to them (due to the previous demand). In summary, we do not anticipate a significant decrease (if any) in the demand for quality - well priced off-campus housing.

Grocery Delivery in Columbus: Is it possible?

I have been curious for quite a while whether I could have all my grocery needs delivered to my house.  I decided to test out some of the options available in Columbus, OH. Semi-Option #1: Meijer Grocery Express (http://www.meijergroceryexpress.com/)

Description: With this service you go online and pick out the groceries you need, pick a time when you can pick them up at the store and arrive at that time to pick them up already bagged and ready to go.  Unfortunately, this service is only available at 4 Meijer stores.  The Westerville store is the only one in the Columbus area.

Cost: A $6.95 fee per order.

Conclusion: Unfortunately, this store is 12 miles / 20 minutes from my house.  A 40 minute drive and I could have done the shopping myself at my local Kroger.  If you are near a Meijer with this service it is definitely worth $7 to not have to wander around the store for an hour searching for what you need.  Meijer’s prices are very competitive.  A Columbus Dispatch comparison done a few years ago placed Meijer only second to Wal-Mart in overall grocery prices.

Option #2: The Hills Market (http://www.thehillsmarket.com/)

Description: With this delivery service you go online and pick out the groceries you need, pick a time when you want them delivered (1 hour window) and they get delivered at that time.

Cost: A varying delivery fee is charged depending on your zip code ($5 to $40).  Tip is recommended.

Conclusion: The Hills Market website is great, easy to use, the selection is good and you can tip when you place your order.  My delivery window was 6-7pm and they arrived at 6pm sharp (Far cry from your cable company).   The cost:  The breakdown shown below is my Hills Market total and a Kroger price check done a few days later.

Price Comparison
  6/26/2011 The Hills Kroger  
8 3 Musketeers Bars $5.69 $4.00  
5 Bananas $2.00 $1.17  
80 Fabric Soft Sheets $6.69 $4.99  
1 Cheez-It Box $5.49 $3.26  
1 Eggo Waffles $2.58 $2.00  
1 Chicken Breast $3.49 $2.23  
1 Hersheys Choc $8.69 $6.06  
1 Ground Beef $3.19 $1.87  
1 Crackers $3.59 $4.00  
1 Pop Tart Box $3.49 $2.99  
1 Crackers $3.49 $2.00  
1 Miller light $17.49 $16.99  
1 Hot Dogs $5.79 $2.99  
1 Hot Dog Buns $2.39 $1.00  
1 Sour Cream $2.99 $1.25  
1 Strawberries $2.50 $1.00  
  Sub Total $79.55 $57.80  
  Tax $1.63 $1.18  
  Delivery Fee $5.00 $0.00  
  Tip $8.62 $0.00  
  Total $94.80 $58.98  
   
  Kroger Costs 38% $35.82 Less
   
  Time (mins) 15 60  

So depending on how you value your time it may or may not be worth the extra cost.  (Note: I was lucky to be in the $5 delivery fee zip code, you may not be)

Know of some other options in Columbus, Ohio?  Let us know at info@rlpartnersllc.com