FAQ


Property Management

What is Home Connection Realty Inc.’s management fee?

The fee is 10%.

Why invest in Northwest Indiana?

Favorable Property Taxes: Residential rentals benefit from low property taxes, capped at 2%.
Proximity to Chicago with Indiana Values: Enjoy the convenience of being close to Chicago, IL, while embracing the conservative values of Indiana.
Housing Affordability: Get more value for your money with Indiana ranked #3 in Housing Affordability and #2 in Overall Affordability by US News.
Efficient Commutes: Commuting to Chicago from Northwest Indiana is easier than from the suburbs, resulting in less commute time.
Lower State Income Tax: Indiana offers lower state income tax rates.
Excellent Education: Benefit from great school systems and proximity to several top universities.
Green Spaces Access: Northwest Indiana boasts 25 miles of beaches, a national park, and a state park for outdoor enthusiasts.
Healthcare Accessibility: Enjoy easy access to healthcare facilities in the region.
Cost of Living: Indiana’s cost of living is the 5th lowest in the US, at 9% below the national average.
Business-Friendly Environment: Forbes ranks Indiana in the Top 10 Best States to Do Business, with a AAA rating from Moody’s on its general obligation debt. Quality of life and business costs contribute to Indiana’s favorable business environment.

What is the definition of “Turnkey”?

“Turnkey” refers to Home Connection Realty Inc.’s comprehensive service, which includes acquiring the property, renovating it, placing a tenant, and managing it on behalf of the investor.

If I invest in a turnkey property, what ongoing expenses should I anticipate each month?

Your monthly expenses may include the mortgage payment, a 10% management fee, property insurance, property taxes, costs for deferred maintenance, and provisions for vacancy (typically estimated at 3% of the monthly rent).

What can I expect as a return on my investment?

Similar to other investments, returns can vary due to numerous factors and are not guaranteed.


Buying

How do I know which home I can afford?

Knowing your income and determining your financial obligations will help when knowing what kind of home you can purchase.

Before making an offer, how many homes should I see?

This depends on each buyer. Some can take a day to find the one they’ll like while others can take months. By knowing exactly what the buyer’s priorities are such as the price or the neighborhood, they will be able to shorten the process.

How can I tell if the property is a good deal?

There is no exact way to tell if what you’re about to buy is a good or a bad deal. With proper research and expert guidance, you will be able to get the best deal you’ll get.

What should I consider before buying a property?

Budget: It’s crucial to know what your budget is so you can find a property that best suits you.
Location: Research beforehand about the neighborhood you wish to purchase a property in such as its available amenities, and overall safety.
Property Condition: Inspecting the property thoroughly should be done to help you avoid any unnecessary expenses and ensure that you are making a sound investment.
Long-term Goals: Think about your plans in the long run, whether it’s for personal use such as starting a family or for your retirement, for an investment, or for another intention.


Selling

When is the best time to sell my property?

Factors such as the location, property condition, market conditions can influence when it is best suited to sell your property. Home Connection Realty can help you research the market and determine the optimal timing to list your property for sale.

Do I need a real estate agent to sell my property?

A real estate agent will guide you throughout the entire process, saving you the complexities of marketing your property, negotiating with buyers, and handling different kinds of paperwork.

How long will it take to sell my property?

There is no one way to determine how each sale will go. Your position and the buyer’s position are both taken into consideration for the selling process.